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AVP Infracon IPO: Check issue size, price band, GMP and other details
AVP Infracon IPO: Check issue size, price band, GMP and other details
The SME IPO of AVP Infracon will open for subscription today and will close on March 15. The company aims to raise about Rs 52 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About AVP Infracon
AVP Infracon is involved in the construction of road projects based on bill of quantities (BOQ) and engineering, procurement, and construction (EPC) methods. Its core competence includes constructing, building, altering, acquiring among others all types of infrastructure developmental works, constructions works for high value projects like express ways, national highways etc.,
2) Industry overview
The forecast for the roads and highways market in India indicates a remarkable CAGR of 36.16% from 2016 to 2025. This projection is attributed to the government's increasing initiatives to enhance the transportation infrastructure across the country.
3) AVP Infracon IPO size
The IPO is entirely a fresh equity issue of 69.8 lakh shares and through the issue, the company aims to raise Rs 52 crore.
4) AVP Infracon IPO price band
The company is offering its shares at Rs 71-75 apiece, and investors can bid for 1,600 shares in 1 lot.
5) AVP Infracon IPO financial performance
For the period ended September 2023, the company clocked revenues of Rs 74 crore and net profit of Rs 8.55 crore.
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