Avalon Technologies Limited IPO

Mainboard

Other Electrical Equipment

Listed On: Apr 18, 2023 at ₹ 436.0(NSE)

₹ 14824 /34 Shares

Check Allotment

Price Summary

Last Closing

588.00 (34.86%)

52 Week High

608.40

52 Week Low

425.00

Last Update

19-Sep-2024 3:30 PM

Avalon Technologies Limited IPO Details

03 Apr, 2023

Open Date

06 Apr, 2023

Close Date

12 Apr, 2023

Allotment Date

18 Apr, 2023

Listing Date

Issue Price

₹415-436 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

436.0(NSE)

Listing Date

2023-04-18

Market Lot

Retail : 34 Shares (₹14,824/-)
sHNI : 476 Shares (₹2,07,536/-)
bHNI : 2,312 Shares (₹10,08,032/-)

Lead Manager

JM Financial Limited
DAM Capital Advisors Ltd
IIFL Securities Ltd
Nomura Financial Advisory And Securities (India) Pvt Ltd

Issue Size

19,839,450 shares of ₹2 (aggregating up to ₹865.00 Cr)

#Fresh Issue: 7,339,450 shares of ₹2 (aggregating up to ₹320.0 Cr)

#Offer for Sale: 12,500,000 shares of ₹2 (aggregating up to ₹545.0 Cr)

Retail Portion

10% (Number of Retail Applications : 58,350 Approx),
(Number of sHNI Applications : 2,084 Approx),
(Number of bHNI Applications : 4,168 Approx)

Subscription

2.21 times

IPO Docs

DRHP RHP

Avalon Technologies Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	5,915,011	2,975,917 1,983,945 991,972	1,983,944	10,844,186
Day 1 - 03-04-23 05:00 PM	0.00 x	0.01 0.01 x 0.02 x	0.17 x	0.03 x
Day 2 - 05-04-23 05:00 PM	0.00 x	0.05 0.03 x 0.09 x	0.48 x	0.10 x
Day 3 - 06-04-23 05:00 PM	3.57 x	0.41 0.42 x 0.39 x	0.84 x	2.21 x

Avalon Technologies Limited Valuations

Earnings Per Share (EPS)

₹11.30/-

P/E Ratio

N/A

RoNW

85.86%

Net Asset Value (NAV) - As on 31.03.22

₹15.60

Avalon Technologies Limited Company Financials All values are in ₹ Cr.

	31-Mar-22	31-Mar-21	31-Mar-20	31-Mar-19
Assets	587.96	512.48	449.65	N/A
Revenue	851.65	695.90	653.15	N/A
Profit After Tax	68.16	23.08	12.33	N/A

About The Company

Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services (EMS) company. They have end-to-end capabilities in delivering box-build solutions in India, focusing on high-value precision engineered products. The company is one of the leaders in the segment in India in terms of revenue in Fiscal 2022.

Through a unique global delivery model, Avalon offers a full stack product and solution suite, right from printed circuit board (PCB) design and assembly to the manufacture of complete electronic systems (Box Build), to certain global original equipment manufacturers (OEMs), including OEMs located in countries like China, Netherlands, United States, and Japan.

The offerings of Avalon Technologies Limited include PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection molded plastics, and end-to-end box build of electronic systems.

With its notable specialization in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components, and enclosures for multiple industry verticals, they help customers receive the best of services.

Avalon Technologies Limited - Promoter(s)

Pre Issue Share Holding: 70.75%

Post Issue Share Holding: 51.24%

Company Promoter(s)

Kunhamed Bicha
Bhaskar Srinivasan

Avalon Technologies Limited IPO - Issue Objectives

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and one of the Material Subsidiaries, i.e. Avalon Technology and Services Private Limited (ATSPL)
Funding the working capital requirements of the Company
General corporate purposes.

Avalon Technologies Limited IPO - Anchor Investors

Avalon Technologies raises Rs 389.25 crore via anchor book ahead of IPO.

The marquee participants in the anchor book were Nomura Trust, Ashoka India Opportunities Fund, Goldman Sachs, Neuberger Berman Emerging Markets Equity Fund, HDFC MF, Aditya Birla Sun Life Insurance Company, HDFC Life Insurance Company, Whiteoak Capital, Mahindra Manulife Mutual Fund, Oaks Emerging Umbrella Fund Plc, and Principal Funds Inc.

Avalon Technologies Limited IPO - FAQs

Ans. Avalon Technologies Limited IPO is a Mainboard IPO. The issue is priced at ₹415-436 per equity share. The minimum order quantity is 34 Shares. The IPO opens on Apr 3, 2023, and closes on Apr 6, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Avalon Technologies Limited IPO opens on Apr 3, 2023 and closes on Apr 6, 2023.

Ans. The size of Avalon Technologies Limited IPO is 19,839,450 shares of ₹2 (aggregating up to ₹865.00 Cr) #Fresh Issue: 7,339,450 shares of ₹2 (aggregating up to ₹320.0 Cr) #Offer for Sale: 12,500,000 shares of ₹2 (aggregating up to ₹545.0 Cr).

Ans. The IPO price band is set between ₹415-436 per equity share.

Ans. To apply for Avalon Technologies Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Avalon Technologies Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Avalon Technologies Limited IPO is Apr 12, 2023.

Ans. The Avalon Technologies Limited IPO will be listed on Apr 18, 2023.

Ans. Follow the steps to check the allotment status for Avalon Technologies Limited IPO here.