AVP Infracon Approves Issuance of Up To 30 Crore in Non-Convertible Debentures
AVP Infracon Limited, formerly operating as AVP INFRACON (P)LTD and AVP CONSTRUCTIONS (P)LTD, has approved a plan to raise funds by issuing up to thirty thousand Rated, Listed, Senior, Secured, Redeemable, Transferable, Non-Convertible Debentures (NCDs).The Board of Directors meeting held on August 8, 2026, sanctioned the issuance of these debentures through a private placement basis. The NCDs each have a face value of INR 10,000, and the total issue size is up to Rs. 30,00,00,000 (Rupees Thirty Crore only).
To manage this financial instrument, the Board approved the appointment of specialized third parties. M/s. Horizon Management Pvt Ltd was appointed as the Merchant Banker for the issue. MITCON Credentia Trusteeship Services Limited has been designated as the Debenture Trustee, and Verist Law serves as the Legal Advisors to the issue.
The debentures have a tenure of 24 months from the date of allotment and carry an annual coupon rate of 12.00%, payable monthly. The security structure involves creating a pledge over equity shares having an aggregate value of INR 30.00 Crore, or such higher value as required to maintain stipulated Security Cover, prior to the Deemed Date of Allotment. Subsequently, a first ranking exclusive charge will be created in favor of the Debenture Trustee over identified land parcels.
The redemption of the debentures is structured across four installments: 25% repayment at the end of the 15th month, 25% at the end of the 18th month, 25% at the end of the 21st month, and the final 25% at the end of the 24th month from the deemed date of allotment.
Key financial details regarding the Non-Convertible Debenture issuance are summarized below:
| Particulars | Details |
|---|---|
| Type of Securities | Rated, Listed, Senior, Secured, Redeemable, Transferable, Non-Convertible Debentures (NCDs) |
| Issuance Method | Private Placement |
| Total Issue Size | Up to 30,00,00,000 INR |
| Face Value / Issue Price | INR 10,000 each |
| Tenure | 24 months from date of allotment |
| Coupon Rate | 12.00% p.a., payable monthly |
| Security Creation | Pledge over equity shares (INR 30.00 Crore) followed by first ranking exclusive charge over land parcels |
In the event of a delay in payment of interest or principal for more than three months from the due date, or any default in payment of interest or principal, AVP Infracon faces a penalty of 4% per annum above and beyond the Coupon Rate on the default amount.
AVPINFRA Stock Price Movement
AVP Infracon Limited shares slipped by 2.66% on Friday, concluding the session at ₹63.65. The stock recorded a traded volume of 38,400 shares during the period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.