AVP Infracon Limited, established in 2009, specialises in the construction of road projects based on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) contracts. Formerly known as AVP Constructions Private Limited, the company has a strong track record in infrastructure development, including civil works such as expressways, national highways, flyovers, bridges, viaducts, and irrigation projects.
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Additionally, AVP Infracon undertakes projects in urban development, including civic amenities, hospitals, warehouses, hotels, and various commercial and residential projects. Their expertise extends to bidding for construction projects such as roads, bridges, irrigation and canal works, flyovers, and industrial areas, primarily focusing on projects within Tamil Nadu.
The AVP Infracon IPO is valued at Rs 52.34 crores and it is an entirely a fresh issue of 69.79 lakh shares.
AVP Infracon IPO Subscription WindowThe bidding for the AVP Infracon IPO commenced on March 13, 2024, and concluded on March 15, 2024.
AVP Infracon IPO Allotment DateThe allotment of AVP Infracon IPO is expected to be finalized by Monday, March 18, 2024.
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AVP Infracon IPO Listing DateThe shares of AVP Infracon IPO are slated to list on NSE SME on Wednesday, March 20, 2024.
AVP Infracon IPO Price BandThe investors had the opportunity to subscribe to the IPO within a price band of Rs 71 to Rs 75 per share, with a minimum lot size of 1600 shares requiring an investment of Rs 120,000 for retail investors. High Net Worth Individuals (HNIs) could invest in a minimum lot size of 2 lots (3,200 shares), totaling Rs 240,000.
AVP Infracon IPO GMPAs per multiple websites that track the grey market premium activities, the shares of AVP Infracon IPO are commanding a GMP in the price range of Rs 15 – 20 in the unlisted market.
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Step By Step Guide To Check AVP Infracon IPO allotment status on BSE
Step 1. Visit the BSE official website’s allotment page
(https://www.bseindia.com/investors/appli_check.as px)
Step 2. Under ‘Issue Type,’ select ‘Equity’
Step 3. Select the AVP Infracon IPO from the dropdown option
Step 4. Enter PAN or application number
Share India Capital Services Private Limited acted as the book running lead manager for the AVP Infracon IPO, with Purva Sharegistry India Pvt Ltd serving as the registrar.
