Avalon Technologies IPO subscription is to open on Apr 03, 2023 and will close on Apr 06, 2023, the price band of the Avalon Technologies IPO is fixed at ₹ 415 – ₹ 436. Avalon Technologies is one of the leading fully integrated Electronic Manufacturing Services (“EMS”) companies with end-to-end operations in delivering box build solutions in India in terms of revenue in Fiscal 2022, with a focus on high value precision engineered products.
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About Avalon Technologies
Avalon Technologies is one of the leading fully integrated Electronic Manufacturing Services (“EMS”) companies with end-to-end operations in delivering box build solutions in India in terms of revenue in Fiscal 2022, with a focus on high value precision engineered products. Through a unique global delivery model, the company provide 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 the United States, China, Netherlands and Japan. Through our end-to-end operations, The company believe the customers may achieve tangible benefits such as reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence.
Objects of the Issue
- 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; and
- General corporate purposes.
Avalon Technologies Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 5,879.62 | 5,124.84 | 4,496.49 |
| Total income | 8,516.50 | 6,958.97 | 6,531.48 |
| Total Expenses | 7,852.09 | 6,670.68 | 6,378.53 |
| Profit After Tax | 681.64 | 230.82 | 123.26 |
Avalon Technologies IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 19,839,450 Equity Shares of ₹ 2 (aggregating up to ₹ 8,650.00 million) |
| Issue Open Date | 03-Apr-23 |
| Issue Close Date | 06-Apr-23 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 415 – ₹ 436 |
| Face Value | ₹ 2 |
| Market Lot | 34 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 34 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | AVALON |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Avalon Technologies IPO DRHP & RHP
Avalon Technologies IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 34 | 14,824 |
| Maximum | 13 | 442 | 192,712 |
Avalon Technologies IPO Lead Managers
- JM Financial Limited
- DAM Capital Advisors Limited
- IIFL Securities Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Avalon Technologies IPO Registrar
Avalon Technologies IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 03-Apr-23 |
| Bid / Offer Closes on | 06-Apr-23 |
| Finalisation of Basis of Allotment | 12-Apr-23 |
| Initiation of refunds | 13-Apr-23 |
| Credit of the Equity Shares | 17-Apr-23 |
| Listing Date | 18-Apr-23 |
Company Registered and Corporate Office
B – 7, First Main Road, MEPZ,
Tambaram, Chennai – 600 045,
Tamil Nadu
Website: www.avalontec.com
Company Promoters
- Kunhamed Bicha
- Bhaskar Srinivasan
Avalon Technologies IPO – FAQS
What is the Avalon Technologies IPO Price?
The Avalon Technologies IPO price band is ₹ 415 – ₹ 436 per share
When Avalon Technologies IPO will open?
The Avalon Technologies IPO opens on Apr 03, 2023 and closes on Apr 06, 2023
What is the lot size of Avalon Technologies IPO?
The Avalon Technologies IPO lot size is 34 Equity Shares and the minimum order quantity is 34 Equity Shares
Who is the Registrar for Avalon Technologies IPO?
The Registrar for Avalon Technologies IPO is Link Intime India Private Limited
How to apply in Avalon Technologies IPO through UPI?
Check the step by step process here – Click here
How to apply in Avalon Technologies IPO through Zerodha?
Check the step by step process here – Click here
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