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AVP Infracon Ltd

Registered Office : Plot No E 30 Second Floor,IInd Avenue Besant Nagar,Chennai Tamil Nadu 600090 Phone : +91 44 4868 3999
Fax :

Email : cs@avpinfra.com

Website : www.avpinfra.com

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 aggregating to Rs. 5.48 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 62,48,000 equity shares of face value of Rs. 10/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share aggregating to Rs. 46.86 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.94% and 25.01%, respectively, of the post issue paid up equity share capital of the company. The Offer Price is Rs. 75 per equity share of face value of Rs. 10 each. The Offer price is 7.5 times of the face value. Bid can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Issue

Opens On

Closes On

13-Mar-2024

15-Mar-2024

Money Payable On

Application

Allotment

75.00

0.00

Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

0.00

52.34

24.98

75.00

Share India Capital Services Pvt Ltd

Projects

To purchase capital equipment

To meet working capital requirements

General corporate purposes

Promoted By

D Prasanna

B Venkateshwarlu

Vasanth D

Listing At

NSE - SME

Registrar to the Issue

Purva Sharegistry (India) Pvt