"We are preparing for an IPO by the end of current financial year. The issue size will be around Rs 100 crore," said R K Jain, chairman of the company. Currently, the company's valve manufacturing unit operates manually. However, AVR intends to set up a new unit with automatic machinery. "This would double our production. The entire process of setting up the new unit will take about two years of time," said Jain. Talking about the new unit, Jain further said, "We will set up an automatic transport line unit in Metoda GIDC. It will be one of its kinds of unit in India and will reduce our production cost and also help us to survive manpower shortage."