AVP Infracon Ltd IPO |
Registered Office:
Plot No E 30 Second Floor,IInd Avenue Besant Nagar
,
Chennai
-
600090
,
Tamil Nadu
, India.
Phone :
+91 44 4868 3999 Fax:
Email : cs@avpinfra.com
Website : www.avpinfra.com
|
| Initial public issue of up to 69,79,200 equity shares of face value of
(Rs)10/- each of AVP Infracon Limited ("AIL" or the "Company" or the "Issuer") for cash at a price of (Rs)75/- per equity share including a share premium of (Rs)65/- per equity share (the "Issue Price") aggregating to (Rs)52.34 crores ("The Issue"), of which 7,31,200 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)75/- per equity share including a share premium of (Rs)65/- per equity share aggregating to (Rs) 5.48 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 62,48,000 equity shares of face value of (Rs)10/- each at a price of (Rs)75/- per equity share including a share premium of (Rs)65/- per equity share aggregating to (Rs)46.86 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.94% and 25.01%, respectively, of the post issue paid up equity share capital of the company.
The Offer Price is (Rs)75 per equity share of face value of (Rs)10 each.
The Offer price is 7.5 times of the face value.
Bid can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 13-Mar-24 |
15-Mar-24 |
(Rs)75.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :1600 Further Multiples of :1600 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
0.00 |
| Share India Capital Services Pvt Ltd |
|
| Project Financed through Current Offer |
52.34 |
|
| Post Issue Equity Share Capital |
24.98 |
|
| Issue Price |
(Rs)75.00 |
|
|