AVP Infracon IPO allotment expected soon: check status, listing date, GMP and other details

The allotment for the SME IPO of AVP Infracon will be finalised tomorrow. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Investors can check the status of AVP Infracon IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case.

Follow the step by step process mentioned below to check the status of allotment.

Step 1: Visit the IPO Allotment Status page on Purva Sharegistry website (https://www.purvashare.com/investor-service/ipo-query)


Step 2: Select IPO from the dropdown

Step 3: Enter PAN number and 'Submit'.

AVP Infracon GMP

In the unlisted market, the company's shares are trading with a premium of Rs 15 in the unlisted market as against an offer price of Rs 75. The tentative listing date is set as March 20.
IPO Calendar: 2 new issues, 9 listings to keep primary market ticking next week

The net proceeds from the public offer will be used for funding capital expenditure, working capital requirements, and general corporate purposes.

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.,

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.

For the period ended September 2023, the company clocked revenues of Rs 74 crore and net profit of Rs 8.55 crore.

Share India Capital is acting as the lead manager to the issue and Purva Sharegistry is the registrar.