AVP Infracon IPO price band set at ₹71-75 per share; check issue dates, other key details of SME IPO

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₹71 to ₹75 per share. The company plans to raise ₹52.34 crore at the upper end of the price band from the book-built issue which is entirely a fresh issue of 69.79 lakh equity shares. The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000.

The equity shares of AVP Infracon will list on the NSE Emerge platform with a tentative listing date fixed as March 20. Also Read: Popular Vehicles and Services IPO: Price band set at ₹280-295 apiece, check issue details, key dates, more The company proposes to utilise the fresh issue proceeds to purchase capital equipment, meet working capital requirements and for general corporate purposes. Share India Capital Services Private Limited is the book-running lead manager of the AVP Infracon IPO, while Purva Sharegistry India Pvt Ltd is the IPO registrar.

In the IPO, the company has reserved 50% of the shares for Qualified Institutional Bidders (QIB), 35% of the issue is reserved for retail investors, and the remaining 15% for Non-Institutional Investors (NII). AVP Infracon is involved in the construction of road projects based on Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods. It provides all types of infrastructure development works, civil works like expressways, national highways, flyovers, bridges and viaducts, irrigation projects, urban development - civic amenities, hospitals, warehouses, hotels and other commercial and residential projects.