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:
- Udayshivakumar Infra Limited
- Rachana Infrastructure Limited
- H.G. Infra Engineering Limited
How To Check the Allotment Status of the AVP Infracon Ltd IPO?
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- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
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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 |
|---|---|---|---|
| Revenue from Operations | 6,918.69 | 10,633.56 | 6,388.85 |
| Profit After Tax | 834.27 | 1,503.81 | 388.34 |
| Return on Capital Employed | 22.63% | 37.04% | 25.94% |
| Debt to Equity Ratio | 1.96 | 2.2 | 2.36 |
| Return on Equity | 25.05% | 46.18% | 29.73% |
Know before investing
Strengths
3AVP 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.
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.
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.
Risks
3AVP 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.
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.
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.
