Hello Traders today I will discuss the AVP Infracon Limited IPO GMP Today and opening and closing date lot size, IPO valuation and price, and brand details of AVP Infracon Limited so please read the article very carefully.
Table of Contents
Overview of Infracon Ltd
AVP Infracon is a dynamic private company that builds roads using Engineering, Procurement, and Construction (EPC) and Bill of Quantities (BOQ) processes.
The company’s current business is construction. Its activities include building, altering, acquiring, converting, improving, designing, erecting, equipping, developing, dismantling, pulling down, leveling, decorating, fabricating, reconstructing, renovating, remodeling, and rebuilding all kinds of infrastructure developmental works.
These projects include high-value and technically challenging projects like expressways, national highways, flyovers, bridges, and viaducts; irrigation projects; urban development – civic amenities; hospitals, warehouses, hotels, and other commercial and residential projects.
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AVP Infracon Limited IPO GMP Today
Details of the AVP Infracon IPO: The IPO date for AVP Infracon is set; it will begin on March 13 and end on March 15. An NSE SME called AVP Infracon plans to raise ₹52.34 crores through its IPO. A market lot of 1600 shares is available for the AVP Infracon IPO, with a price range of ₹71 to ₹75.
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Date of AVP infracon IPO and Price Band Specifics
| IPO Open: | March 13, 2024 |
| IPO Close: | March 15, 2024 |
| IPO Size: | Approx ₹52.34 Crores, 6,979,200 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹71 to ₹75 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
AVP Infracon IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹120,000 |
| Retail Maximum | 1 | 1600 | ₹120,000 |
| S-HNI Minimum | 2 | 3200 | ₹240,000 |
AVP Infracon IPO important Dates
| IPO Open Date: | March 13, 2024 |
| IPO Close Date: | March 15, 2024 |
| Basis of Allotment: | March 18, 2024 |
| Refunds: | March 19, 2024 |
| Credit to Demat Account: | March 19, 2024 |
| IPO Listing Date: | March 20, 2024 |
What is AVP Infracon IPO?
The IPO for AVP Infracon is an NSE SME IPO. They plan to use an IPO to raise ₹52.34 crores. Priced per equity share, the issue is between ₹71 and ₹75. On the NSE, the IPO will be listed.
When AVP Infracon IPO will open?
On March 13, 2024, QIB, NII, and Retail Investors will be able to participate in the IPO.
What is the AVP Infracon IPO Investors Portion?
For QIB, the investors contribute 50%, NII 15%, and Retail 35%.
What is AVP Infracon IPO Size?
The IPO size is ₹52.34 crores.
What is the AVP Infracon IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹120,000.