AVP Infracon Ltd - IPO

AVP Infracon Ltd IPO Details

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.

Objective of issue

To purchase capital equipment. To meet working capital requirements. General corporate purposes.

AVP Infracon Ltd Contact Details

AVP Infracon Ltd, Shiv Shakti Indust, Unit No 9 Lower Pare, 7 B J R Boricha Marg, Mumbai-400011

Phone - 91-022-23016761

Fax -

Email - cs@avpinfra.com

Website - www.avpinfra.com