{"id":19524,"date":"2024-03-11T12:39:45","date_gmt":"2024-03-11T07:09:45","guid":{"rendered":"https:\/\/gwaliorbuzz.com\/index.php\/2024\/03\/11\/avp-infracon-limited-ipo-opens-on-march-13-2024\/"},"modified":"2024-03-11T12:39:45","modified_gmt":"2024-03-11T07:09:45","slug":"avp-infracon-limited-ipo-opens-on-march-13-2024","status":"publish","type":"post","link":"https:\/\/gwaliorbuzz.com\/index.php\/2024\/03\/11\/avp-infracon-limited-ipo-opens-on-march-13-2024\/","title":{"rendered":"AVP Infracon Limited IPO Opens on March 13, 2024"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India], March 11:<\/strong> AVP\u00a0Infracon\u00a0Limited,\u00a0one of the\u00a0leading Infrastructure development\u00a0company\u00a0in India,\u00a0has announced its plan to go public with an Initial Public Offering on\u00a0March\u00a013, 2024.\u00a0The company is aiming to raise\u00a0\u20b9\u00a052.34Crore\u00a0on upper price\u00a0band\u00a0through this IPO, with shares set to be listed on the\u00a0NSE Emerge\u00a0platform.<\/p>\n

The issue size is Up to\u00a069,79,200\u00a0equity\u00a0shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n

Equity Share Allocation<\/strong><\/p>\n

\u2013\u00a0QIB Anchor Portion\u00a0\u2013\u00a0Up To 18,70,400 Equity Shares<\/p>\n

\u2013\u00a0Qualified Institutional Buyers (QIB)\u00a0\u2013\u00a0Up To 12,48,000 Equity Shares<\/p>\n

\u2013\u00a0Non-Institutional Investors (NII)\u00a0\u2013\u00a0Up To 9,39,200 Equity Shares<\/p>\n

\u2013\u00a0Retail Individual Investors (RII)\u00a0\u2013\u00a0Up To 21,90,400 Equity Shares<\/p>\n

\u2013\u00a0Market Maker \u2013\u00a0Up To 7,31,200 Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized for purchasing capital equipment, meeting working capital requirements, and addressing general corporate expenses.\u00a0The bidding for the Anchor portion will open on\u00a0March\u00a012, 2024, and the issue will close on\u00a0March\u00a015, 2024.<\/p>\n

The Book Running Lead Manager to the Issue\u00a0is\u00a0Share India Capital Services Private Limited.\u00a0The Registrar to the Issue isPurva\u00a0Sharegistry\u00a0(India) Private Limited.<\/p>\n

Mr. D Prasanna,\u00a0Chairman\u00a0&\u00a0Managing Director\u00a0said,\u00a0\u201cOur decision to take AVP\u00a0Infracon\u00a0Limited public marks a significant step forward in our company\u2019s growth journey. AVP\u00a0Infracon\u00a0has established itself as a reputable player in the industry, with a focus on safety, timeliness, and quality that has earned us trust nationally. With a robust order book and ongoing projects, we remain committed to delivering excellence.<\/p>\n

The net proceeds from the IPO will be directed towards strategic initiatives, including the acquisition of capital equipment, meeting working capital requirements, and addressing general corporate expenses. As we embark on this new chapter, we remain steadfast in our commitment to delivering exceptional infrastructure projects and contributing positively to the industry.\u201d<\/p>\n

Mr. Ronak Jhaveri, Vice President of Share India Capital Services Private Limited said, \u201cWe are pleased to be part of AVP Infracon Limited\u2019s IPO journey. The company\u2019s commitment to safety, quality, and timely execution, along with its experienced team of professionals, positions it favorably in the industry. With a strong track record and robust order book, AVP Infracon Limited is well-placed in the infrastructure development sector. We wish AVP continued success and growth in the future.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], March 11: AVP\u00a0Infracon\u00a0Limited,\u00a0one of the\u00a0leading Infrastructure development\u00a0company\u00a0in India,\u00a0has announced its plan to go public with an Initial Public Offering on\u00a0March\u00a013, 2024.\u00a0The company is aiming to raise\u00a0\u20b9\u00a052.34Crore\u00a0on upper […]<\/p>\n","protected":false},"author":1,"featured_media":19525,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[651,656],"class_list":["post-19524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release","rishi-post"],"rishi__cb_customizer_meta":"","_links":{"self":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/19524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/comments?post=19524"}],"version-history":[{"count":0,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/19524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/media\/19525"}],"wp:attachment":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/media?parent=19524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/categories?post=19524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/tags?post=19524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}