The public listing of AVP Infracon didn’t go very well on the stock market. But, since then the stock has had success in regaining its value.
Since the announcement price of the company’s shares has increased by 120 percent. Because of this, the capital of investors has risen more than two times.
There was an upper circuit within the shares of the company on Monday. After the upper circuit, which was 2 percent, the value of the share of the company reached the mark of Rs 174.15 on BSE.
The main reason for the increase in AVP Infracon shares is its strong quarter-end results, as well as a strong number of work orders.
The IPO Came In March This Year
AVP Infracon’s IPO opened between 13 March and the 15th of March in 2024. It was traded on NSE for Rs 79 per share, with the price being higher by 5.33 percent.
After the listing, the trust of investors continued to grow on the stock. Because of this, the shares of the company have experienced a growth of 120 percent since its announcement.
However, the cost of the shares of the company has risen by 132 percent since the IPO price to date.
How Strong Is The Company’s Financial Position?
The financial situation of AVP Infracon is getting stronger. In the first half of the year, the company’s revenues were at Rs 109.22 crore.
It has grown by 63.05 percent on a per-year basis. In the same time frame, the company’s earnings were 66.98 percent.
The profit of the business has increased during the first quarter. For the initial quarter of this fiscal year, the earnings were worth Rs 12.76 crore.
That’s 75 percent more on a per-year basis. The year before, in the same quarter the profit of the company was the sum of Rs 7.27 crore.
The company was given two contracts from NHAI worth around the amount of Rs 41.25 crore.
Quick Fact
| Company name | AVP Infracon |
|---|---|
| IPO date | 13-15 March 2024 |
| IPO price | ₹79 per share |
| Share price increase since IPO | 132% |
| Announcement price growth | 120% |
| Upper circuit % | 2% |
| Upper circuit share price | ₹174.15 |
| Revenue (first half) | ₹109.22 crore |
| Revenue growth per year | 63.05% |
| Earnings growth per year | 66.98% |
| Quarterly profit (initial quarter) | ₹12.76 crore |
| Quarterly profit growth | 75% |
| Previous year profit (same quarter) | ₹7.27 crore |
| New contracts | 2 |
| Contract provider | NHAI |
| Contract value | ₹41.25 crore |
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