AVP Infracon Limited

AVP Infracon IPO

AVP Infracon Limited

₹1,13,600 /1600 sharesMinimum investment

IPO details

Minimum investment
₹1,13,600
Price range
₹71 - ₹75
Lot size
1,600
Issue size
52.34 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

13 Mar 2024
IPO open date
15 Mar 2024
IPO close date
18 Mar 2024
Allotment date
18 Mar 2024
Funds unblock or debit
20 Mar 2024
Tentative listing date

About

AVP Infracon Limited is engaged in the construction of road projects based on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods. The company undertakes various types of infrastructure developmental and construction works like Expressways, National Highways, Flyovers, Bridges and Viaducts, Irrigation Projects, Urban Development - Civic amenities, Hospitals, warehouses, hotels and other Commercial and Residential Projects. The company has been in the business for 14 years with 40 completed projects worth approximately Rs. 313.21 crores.;
Founded in
2009
MD/CEO
Mr. D Prasanna
Parent organisation
AVP Infracon Limited

AVP Infracon Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
57.9963.89106202120222023

Strengths & Risks

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.

Application details

For AVP Infracon IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹71 - ₹75₹2 - ₹5 Lakhs1600
High Networth Individual₹71 - ₹75₹2 - ₹5 Lakhs1600

Frequently Asked Questions