IPO Details

Bidding Dates

13 Mar '24 - 15 Mar '24

Minimum Investment

₹120,000 / 1 Lot ( 1600 Shares )

Price Range

₹71 - ₹75

Maximum Investment

₹120,000 / 1 Lot ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹52.34 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

AVP Infracon Ltd IPO Important Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 13, 2024

Closing Date

Mar 15, 2024

Basis of Allotment

Mar 18, 2024

Initiation of Refunds

Mar 19, 2024

Credit of Shares to Demat

Mar 19, 2024

Listing Date

Mar 20, 2024

Cut-off time for UPI mandate confirmation

Mar 15, 2024

AVP Infracon IPO Subscription Details


Day 1Mar 13, 2024

0.00x 0.63x 1.70x 0.98x

AVP Infracon IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 0.00
Non-Institutional Buyers 0.63
Retail Investors 1.70
Total 0.98

About AVP Infracon Ltd

Founded in 2009, AVP Infracon Limited, previously recognized as AVP Constructions Private Limited, operates in the domain of constructing road projects through the Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) models. 

This enterprise is involved in delivering a wide range of infrastructure development services including, but not limited to, the construction of expressways, national highways, flyovers, bridges, viaducts, and irrigation projects. Additionally, it takes on urban development projects encompassing civic amenities, hospitals, warehouses, hotels, and various commercial and residential endeavours.

Primarily focusing on the Tamil Nadu region, AVP Infracon Limited actively participates in bidding for projects related to roads, bridges, irrigation and canal systems, flyovers, and industrial areas.

As of January 2024, this company successfully completed more than 40 projects, with a total worth approximately ₹31,321.03 lakhs. Furthermore, it sustains a workforce exceeding 100 employees, underlining its significant contribution to the infrastructure sector and its role as a key player in the development of essential facilities and structures.

AVP Infracon Ltd IPO Details

AVP Infracon Ltd IPO Date

AVP Infracon IPO will be opened on March 13, 2024, and closed on March 15, 2024. The IPO will be listed on NSE Emerge.

AVP Infracon Ltd IPO Price Band

AVP Infracon is a book-built IPO of up to 6,979,200 equity shares. The price of the IPO is ₹71-₹75 per equity share. 

AVP Infracon Ltd IPO Lot Size

The AVP Infracon Ltd IPO lot size is 1600 shares.

AVP Infracon Ltd IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  • To allocate ₹1,500.00 lakhs for the purchase of capital equipment necessary for EPC business activities, including road laying equipment, loading equipment, batching plant equipment, and material handling equipment.
  • To earmark ₹3,500.00 lakhs to support working capital requirements
  • To meet general corporate purposes and
  • To meet public issue expenses.

Peer Details

The following is a listed peer company of AVP Infracon in India:

  1. Udayshivakumar Infra Limited
  2. Rachana Infrastructure Limited
  3. H.G. Infra Engineering Limited

How To Check the Allotment Status of the AVP Infracon Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of AVP Infracon Ltd 

Registered office: Plot No. E-30, Second floor, IInd Avenue, Besant Nagar, Chennai- 600090, Tamil Nadu, India- 600090 

Phone: +91 33 4014 0100

E-mail: corporate@jgchem.com

IPO Financials

Particulars FY 2023-24 figures for 7 months till 31-10-2023 Year Ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue from Operations 6,918.69 10,633.56 6,388.85 5,799.76
Profit After Tax 834.27 1,503.81 388.34 241.81
Return on Capital Employed 22.63% 37.04% 25.94% 20.85%
Debt to Equity Ratio 1.96 2.2 2.36 3.95
Return on Equity 25.05% 46.18% 29.73% 33.08%

Know before investing


  1. AVP Infracon Limited has a rich history of over 14 years in the industry and employs a team of over 100 dedicated staff members, including those on contract, to oversee the lifecycle of projects from inception through to completion.

  2. AVP Infracon Limited holds 14 projects in roads, bridges, and irrigation, worth ₹23,543.83 lakhs. Their expertise, modern equipment, and strong relationships have fostered a robust order book and consistent growth.

  3. The company employs an integrated strategy aimed at reducing project risks and optimising investment outcomes, underlining its commitment to excellence and efficiency in project management.


  1. AVP Infracon Limited's revenue generation is exclusively linked to its ventures in Tamil Nadu. Any regional disruptions might adversely affect the company's financial and operational performance.

  2. The company encounters risks associated with project delays and budget overruns, potentially impacting AVP Infracon Limited's financial status, operational efficiency, and future growth prospects.

  3. AVP Infracon Limited has experienced negative cash flows in its business operations. Persistent operational deficits or cash flow challenges may detrimentally impact the firm's financial health and operational outcomes.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

AVP Infracon Ltd IPO FAQs

What is AVP Infracon Ltd's IPO?

AVP Infracon’ IPO is a book-built IPO. The price of the IPO is ₹71-₹75 per equity share. The IPO will be opened on March 13, 2024.

When will AVP Infracon Ltd's IPO be allotted?

The Basis of Allotment will happen on Tuesday, March 19, 2024.

When will AVP Infracon Ltd's IPO open for subscription?

The IPO subscription window will open on Wednesday, March 13, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1600 shares.

When will AVP Infracon Ltd list on exchanges?

AVP Infracon Ltd IPO will be listed on the NSE Emerge on Wednesday, March 20, 2024.

What would be the listing gains on the AVP Infracon Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the AVP Infracon Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for AVP Infracon Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of AVP Infracon Ltd using one PAN?

You can submit only one application using your PAN card.