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AVP Infracon IPO
AVP Infracon Limited
₹1,13,600 /1600 sharesMinimum Investment
AVP Infracon IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 13 Mar ‘24 - 15 Mar ‘24 | ₹1,13,600 | 1,600 | ₹71 - ₹75 |
| Issue Size | IPO Doc |
|---|---|
| 52.34Cr | RHP PDF |
About AVP Infracon
Founded in
2009
Managing director
Mr. D Prasanna
Parent organisation
AVP Infracon Limited
Strengths & Financials of AVP Infracon
Strengths
Risks
As per the company, it has a total of 14 projects worth approximately Rs. 235.44 cr including 12 ongoing projects worth approximately Rs. 201.89 cr.
On a standalone basis, the company reported revenue from operations of Rs. 57.99 cr, Rs. 63.89 cr and Rs. 106.34 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, the company reported Profit after Tax of Rs. 2.26 cr, Rs. 3.99 cr and Rs. 11.53 cr.
The company has set up a joint venture with M/s. Jawahar Constructions for four-laning road construction work, holding a 10% share in proportion. The joint venture, named JWP-AVP, is associated with a project with a contract value of Rs. 145.35 cr.
The company's entire revenue stream is derived from activities within the state of Tamil Nadu. Any unfavorable developments that may impact operations in this region could have negative consequences on the business, financial health, and operational results.
The company has reported negative cash flow from operating activities of Rs. 1.3 cr and Rs. 8.7 cr in FY 2021 and FY 2023 respectively.
The company's projects face various implementation and other uncertainties, including the risks of exceeding planned time and cost, which could potentially have negative effects on its business, financial health, operational results, and overall prospects.
As of October 31, 2023, according to restated standalone financial statements, the company has secured outstanding debt amounting to Rs. 48.09 cr. Lenders have created a charge over the company’s movable properties to secure this debt.
According to the restated financial statements as of October 31, 2023, the company holds an unsecured loan of Rs. 17.05 cr from directors, with repayment terms upon demand.
AVP Infracon Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of AVP Infracon IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹71 - 75 | ₹2 - 5 Lakh |
| High Networth Individual | ₹71 - 75 | ₹2 - 5 Lakh |
For AVP Infracon IPO, eligible investors can apply as Regular.