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AVP Infracon Ltd
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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
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Initial public issue of up to 69,79,200 equity shares of face value of
Rs10/- each of AVP Infracon Limited ("AIL" or the "Company" or the "Issuer") for cash at a price of Rs75/- per equity share including a share premium of Rs65/- per equity share (the "Issue Price") aggregating to Rs52.34 crores ("The Issue"), of which 7,31,200 equity shares of face value of Rs10/- each for cash at a price of Rs75/- per equity share including a share premium of Rs65/- 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 Rs10/- each at a price of Rs75/- per equity share including a share premium of Rs65/- per equity share aggregating to Rs46.86 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 Rs75 per equity share of face value of Rs10 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.
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Opens On
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Closes On
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Application
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Allotment
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13-Mar-24
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15-Mar-24
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Rs 75.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :1600 Further
Multiples of :1600
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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0.00
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| Share India Capital Services Pvt Ltd |
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Project Financed through Current Offer
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52.34
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Post Issue Equity Share Capital
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24.98
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Issue Price
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Rs 75.00
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