AVP Infracon Allocates 44.24 Lakh Shares At Rs56.50 In QIP Closure

Board on 13 Oct 2026 closed QIP opened 9 Oct, allotted 44,24,000 shares at Rs56.50 to QIBs against floor Rs56.23; adopted placement document and allocation notes. First priced equity raise, closing pending equity leg after debt-led funding; priced without discount to floor, aiding leverage and working capital for order-book build. Adds equity to debt-heavy balance sheet with dilution; use of proceeds, listing approvals and follow-through on collections and balance funding remain to be seen.