About AVP Infracon Limited
AVP Infracon Limited is launching its IPO. The IPO opens for subscription on 13th February and will close on 15th February 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on the listing.
What does AVP Infracon Limited do?
Incorporated in 2009, AVP Infracon Limited specializes in construction projects, focusing on road construction using Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) methods.
The company operates in various infrastructure development works, covering civil projects such as expressways, national highways, flyovers, bridges, viaducts, irrigation projects, urban development, civic amenities, hospitals, warehouses, hotels, and other commercial and residential projects. Primarily operating in Tamil Nadu, the company actively bids for and undertakes construction projects in various segments, including roads, bridges, irrigation and canal projects, flyovers, and industrial areas.
With over 40 projects completed, totaling around ₹313.21 crores, the company has expanded through joint ventures to enhance its project portfolio and execution capabilities.
Schedule/Timeline of AVP Infracon Limited IPO
| Issue Period | 13th March to 15th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | March 18, 2024 |
| Initiation of Refunds | March 19, 2024 |
| Credit of Shares | March 19, 2024 |
| Date of Listing | March 20, 2024 |
| Mandate end date | March 30, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 17, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 16, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the AVP Infracon Limited IPO?
You can apply for the AVP Infracon Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the AVP Infracon Limited IPO?
You can check the allotment status for the AVP Infracon Limited IPO on the website of the Registrar and Transfer agent.