AVP Infracon Limited IPO
AVP Infracon Limited does many different kinds of jobs to build things like roads, bridges, hospitals, and buildings for people to live and work in. The company is also going to sell its first shares to the public on March 13, 2024 and closes on March 15, 2024. The AVP Infracon company sells new shares to the public to raise money. In this case, they’re selling 69.79 lakh shares, aiming to collect Rs 52.34 crores.
AVP Infracon Limited IPO Highlights
How much is the GMP of AVP Infracon Limited IPO?
GMP and Grey market premium of R K Swamy Limited has reached Rs55. GMP can be used to find out how much more premium a stock has reached than its IPO price band. From this, the profit on listing can be estimated. But keep in mind that the GMP of any IPO may reduce after reaching listing.
The AVP Infracon SME IPO’s last Grey Market Premium (GMP) is ₹20, as of March 13th, 2024, at 01:54 PM. With a price range of ₹75.00, the estimated price for AVP Infracon SME IPO’s listing is ₹95 (the highest price plus today’s GMP). This means there’s an expected gain of 26.67% per share. We update the GMP every day, and based on the last 8 days of market activity, today’s GMP for the IPO is increasing, indicating a strong potential for its listing. The lowest GMP recorded is ₹0, while the highest is ₹30. Keep following us to stay updated on the daily price trend of AVP Infracon SME IPO’s GMP and its expected listing price.
AVP Infracon Limited IPO Price Band and Issue Size
The AVP Infracon IPO will be sold at a price between ₹71 to ₹75 for each share. If you want to apply, you’ll need to buy at least 1600 shares. Retail investors have to invest at least ₹120,000. For High Net Worth Individuals (HNI), they need to invest in 2 lots, which means 3200 shares, totaling ₹240,000.
AVP Infracon Limited IPO Listing Date
AVP Infracon Limited IPO will be listed on both the SME and NSE, with a likely listing date of Wednesday, March 20, 2024.
AVP Infracon Limited IPO Allotment Date
AVP Infracon Limited IPO allocation is set to be decided on Monday, March 18, 2024.
AVP Infracon Limited IPO Detail
| Open Date | March 13, 2024 |
| Close Date | March 15, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,979,200 shares (aggregating up to ₹52.34 Cr) |
| Listing At | NSE SME |
| Allotment Date | Monday, March 18, 2024 |
| Listing Date | Wednesday, March 20, 2024 |
What is the History of AVP Infracon Limited
AVPInfracon Limited,previously known as AVP CONSTRUCTIONS (P) LTD, began in 2009 with a big goal: to be a top infrastructure company in India. Since then, we’ve finished lots of projects successfully. Now, we’re proud to be one of India’s most trusted infrastructure companies. Our goal is to be the best in the world, lead the market, and give the finest service. We aim to be the go-to company for infrastructure projects, the one our clients rely on the most, and the most trusted in India.
Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.
Also Read: ITC shares crashed 20% from their peak, sinking below ₹400. Discover why!
