Avp Infracon Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

AVP Infracon

CMP

147.80

+13.85 (10.34%)

  • DRHP
₹75

Offer Price

₹ 52.34 Cr

Issue Size

₹ 1,20,000

Min Investment

1,600

Lot size

Time Line

  • 13
    Mar 2024
    Open
  • 15
    Mar 2024
    Close
  • 18
    Mar 2024
    Finalisation of Basis of Allotment
  • 19
    Mar 2024
    Initiation of Refunds
  • 19
    Mar 2024
    Transfer of Shares to Demat Account
  • 20
    Mar 2024
    Listing Date

Objects of the Offer

  • Continues to focus on cost efficiency and increase profitability by upgrading the technology.

  • Expand its geographical network.

  • The Company intends to enter into joint venture arrangements with other infrastructure companies to bid and execute large value projects.

  • Leverage core competencies with enhanced in-house integration.

Products & Services

  • The Company is involved in construction of road projects.

Strengths

  • Experienced and Qualified Team.

  • Strong Order Book of roads, bridge and flyovers from state government.

  • Quality Assurance.

  • Experienced Management Team.

Risks

  • Its entire revenue stream is derived from activities within the state of Tamil Nadu. Any unfavorable developments that may impact its operations in this region could have negative consequences on its business, financial health, and operational results.

  • The company lack ownership of the registered office used by the company. Any interference with its entitlements as the licensee/lessee or the cancellation of contracts with its licensors/ lessors could have a negative effect on its activities and, as a result, the company overall business.

  • Its business demands substantial working capital, and any delays in securing the necessary funds could negatively affect its financial performance.

  • The Company has reported negative cash flows from its operating, investing, and financing activities. Any operating losses or negative cash flows in the future could adversely affect its results of its operations and financial condition.

  • The company`s main source of revenue comes from projects in India that are initiated or approved by government authorities and other organizations funded by the Government of India (GoI) or state governments. The majority of its income comes from agreements with a small number of government entities. If there are unfavorable changes in the policies of the central or state government, it could result in the closure, termination, restructuring, or renegotiation of its contracts, potentially impacting its business and financial performance significantly.

Company Promoters

Promoters Holding

Issue For IPO
22.70%
Pre Holding

81.25%

Post Holding

58.55%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 12.05 (-) 114.98 (-) 46.18 (-)
Gross Profit 12.05 (-) 114.98 (-) 46.18 (-)
Net Income 12.05 (-) 114.98 (-) 46.18 (-)
Assets 12.05 (-) 114.98 (-) 46.18 (-)
Liabilities 12.05 (-) 114.98 (-) 46.18 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
AVP Infracon Ltd 114.98 12.05 96.38 70.88 46.18 25.11 53.12 2.24 0.70
Udayshivakumar Infra Ltd 286.90 16.05 284.64 284.64 11.12 4.37 26.05 5.63 0.31
Rachana Infrastructure Ltd 63.52 2.26 114.71 114.71 2.84 1.22 42.66 1.97 0.22
H.G. Infra Engineering Ltd 4,622.01 493.19 4,926.68 4,926.68 25.66 75.68 294.90 10.01 0.99

Book Running Managers

  • Share India Capital Services Pvt Ltd

Registrar & Transfer Agent

Purva Sharegistry (India) Pvt

Shiv Shakti Indust,
Unit No 9 Lower Pare,
7 B J R Boricha Marg - Mumbai-400011
Phone : 91-022-23016761

Company Contact Information

Plot No E 30 Second Floor,
IInd Avenue Besant Nagar,
Chennai - 600090
Phone : +91 44 4868 3999 Email : cs@avpinfra.com www.avpinfra.com

Offer Related Information

Initial public issue of up to 69,79,200 equity shares of face value of Rs. 10/- each of AVP Infracon Limited ("AIL" or the "Company" or the "Issuer") for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share (the "Issue Price") aggregating to Rs. 52.34 crores ("The Issue"), of which 7,31,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share... More

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: