AVP Infracon Limited (NSE SME)
Mar 13, 2024 - Mar 15, 2024
| Price | ₹71 - ₹75 |
| Premium | ₹0 |
|---|---|
| Lot size | 1600 |
| Allotment | Mar 18, 2024 |
| Listing | Mar 20, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 120000 | 1369 |
| HNI | 2 | 3200 | 240000 | 587 |
Last updated on 15-Mar-2024 17:00:13
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1248000 | 1310400 | 1.05 |
| NIB | 939200 | 44073600 | 46.93 |
| RETAIL | 2190400 | 49265600 | 22.49 |
| Total | 4377600 | 94649600 | 21.62 |
| Retail Apps | 30791 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹4.73 | @8% ₹5.4 | @9% ₹6.08 | @10% ₹6.75 | @11% ₹7.43 | @12% ₹8.1 |
Anchor Details | |||
|---|---|---|---|
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
| LRSD SECURITIES PVT LTD | 267200 | 14.29% | 2.00 |
| RAJASTHAN GLOBAL SECURITIES PVT LTD | 801600 | 42.86% | 6.01 |
| SIGMA GLOBAL FUND | 267200 | 14.29% | 2.00 |
| INVESTI GLOBAL OPPORTUNITY FUND PCC CELL 1 | 380800 | 20.36% | 2.86 |
| CRAFT EMERGING MARKET FUND PCC- CITADEL CAPITAL FUND | 153600 | 8.21% | 1.15 |
| Total | 1870400 | 100.00% | 14.03 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 31.4% | 2190400 |
| NII (HNI) | 13.5% | 939200 |
| QIB | 17.9% | 1248000 |
| Anchor | 26.8% | 1870400 |
| Market Maker | 10.5% | 731200 |
| Total | 100% | 6979200 |
AVP Infracon Limited, formerly known as AVP Constructions Private Limited, has been a prominent player in the infrastructure development sector since its establishment in 2009. Specializing in the construction of road projects based on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) contracts, the company has diversified its portfolio to encompass a wide range of infrastructure development works. From civil works such as expressways, national highways, flyovers, and bridges to urban development projects including civic amenities, hospitals, warehouses, hotels, and residential complexes, AVP Infracon Limited has demonstrated versatility and expertise in executing diverse projects. Primarily operating in Tamil Nadu, the company has successfully bid for and completed over 40 projects, amassing a total value of approximately Rs. 31,321.03 lakhs as of January 2024. With a dedicated workforce exceeding 100 employees, AVP Infracon Limited continues to contribute significantly to the development and modernization of critical infrastructure in the region, embodying a commitment to quality and excellence in every endeavor.
AVP Infracon IPO Details
| Issue Size | 6,979,200 shares (aggregating up to ₹52.34 Cr) |
| Fresh Issue | 6,979,200 shares (aggregating up to ₹52.34 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,979,200 |
| Market Maker portion | 731,200 shares Share India Securities |
Key Performance Indicator
| KPI | Oct-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 25.05% | 46.18% | 29.73% |
| ROCE | 22.63% | 37.04% | 25.94% |
| RONW | 25.05% | 46.18% | 29.73% |
| D/E | 1.96 | 2.20 | 2.36 |
| EPS (basic & diluted) | 4.63 | 6.4 | 2.22 |
| P/BV | 3.96 | ||
| P/E | 11.2 |
Company Financials
AVP Infracon Limited Financial Information (Restated Consolidated)
AVP Infracon Limited's revenue increased by 60.99% and profit after tax (PAT) rose by 335.32% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Oct 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 17,232.87 | 14,670.84 | 5,892.30 | 4,917.36 |
| Revenue | 7,411.90 | 11,550.09 | 7,174.20 | 6,362.17 |
| Profit | 855.78 | 1,205.31 | 276.88 | 170.05 |
| Net Worth | 3,405.31 | 2,549.66 | - | - |
| Reserves | 1,605.31 | 2,069.66 | 566.65 | 409.77 |
| Borrowing | 7,791.95 | 6,729.31 | - | - |
| (Amount in ₹ Lakhs) |
Strength Factors
Experienced and Qualified Team: AVP Infracon Limited boasts an experienced and qualified team, equipped with the expertise needed to tackle diverse infrastructure projects effectively. Their collective experience ensures smooth project execution and high-quality results, garnering trust and confidence from clients and stakeholders.
Strong Order Book: The Company maintains a robust order book, particularly in the construction of roads, bridges, and flyovers secured from state governments. This indicates a steady pipeline of projects, providing stability and growth opportunities for AVP Infracon Limited in the foreseeable future.
Quality Assurance: AVP Infracon Limited prioritizes quality assurance throughout its operations, ensuring that projects meet stringent standards and client expectations. By consistently delivering high-quality outcomes, the company enhances its reputation and credibility within the industry, fostering long-term partnerships and repeat business.
Focus on Cost Efficiency: The company remains committed to enhancing cost efficiency and profitability by leveraging advanced technologies and optimizing operational processes. By investing in technology upgrades and implementing innovative solutions, AVP Infracon Limited minimizes costs, maximizes productivity, and maintains a competitive edge in the market.
Risk Factors
Dependency on Tamil Nadu Operations: Since the company's revenue stream is solely derived from activities within the state of Tamil Nadu, any unfavorable developments in the region could have adverse effects on its operations. Factors such as policy changes, economic downturns, or regulatory challenges specific to Tamil Nadu could negatively impact AVP Infracon Limited's business, financial stability, and operational results.
Lack of Ownership of Registered Office: AVP Infracon Limited's lack of ownership of the registered office poses a risk, as any interference with its entitlements as the licensee/lessee or the cancellation of contracts with licensors/lessors could disrupt its activities. Such interference could lead to operational disruptions and negatively affect the company's overall business operations and financial performance.
Negative Cash Flows: The Company has reported negative cash flows from its operating, investing, and financing activities. Continued operating losses or negative cash flows in the future could further strain AVP Infracon Limited's financial condition, impacting its ability to meet financial obligations, fund operations, and invest in growth opportunities.
AVP Infracon IPO Lead Manager(s)
- Share India Capital Services Private Limited
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query