How To Check AVP Infracon IPO Allotment Status

The AVP Infracon IPO, which began on March 13 and closed on March 15, managed to receive some interest from investors. The AVP Infracon IPO was subscribed a total of 21.45 times. The AVP Infracon IPO allotment status is set to be finalised today.

If you applied for the IPO, here is how you can check the AVP Infracon IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the AVP Infracon IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Select IPO" and choose "AVP Infracon" from the dropdown menu.
  3. Then you can enter your PAN or application number.
  4. Click Search to retrieve the AVP Infracon IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the AVP Infracon IPO allotment status will be visible.

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AVP Infracon IPO Subscription Status

On the final day of bidding, the IPO was oversubscribed by 21.45 times, with bids received for 9.39 crore shares received against the offered 43.77 lakh. The retail investors’ portion saw a subscription of 22.4 times and Non-Institutional Investors saw a subscription of 46.15 times. The Qualified Institutional Buyers’ portion was subscribed 1.05 times.

The allocation included 1,248,000 shares for Qualified Institutional Buyers, 939,200 shares for Non-Institutional Investors, and 2,190,400 shares for retail investors.

AVP Infracon IPO Details

With a book-built issue size of ₹52.34 crores, the AVP IPO offered 69.79 lakh fresh shares at a price band of ₹71 to ₹75 per share. Retail investors could bid for a minimum of 1600 shares, with a minimum investment amount of ₹120,000.

AVP Infracon’s shareholding structure indicates a pre-issue share count of 1.80 crore shares, which is expected to increase to 2.49 crore shares post-issue. Additionally, the Market Maker portion stands at 731,200 shares. The company successfully raised ₹14.03 crore from anchor investors by allocating 18,70,400 shares, which accounts for 26.80% of the total offer.

The company is scheduled to list on the NSE SME platform on March 20.

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Posted In: NewsIPOsAVP Infracon