Avalon Technologies Limited
Open MainLineCurrent GMP
₹7 (+1.61%)
Price Band
₹ 415 – 436
Lot Size
34
Issue Size
₹865 Cr
Minimum Investment
₹14824 (34 Shares)
Listing Date
18 April 2023
Subscription
2.34x
About the Company
Incorporatedin 1999, Avalon Technologies Limited stands as a premier fully integrated Electronic Manufacturing Services (EMS) provider. The company specializes in designing and manufacturing Printed Circuit Boards (PCBs) as well as producing complete electronic systems. Serving Original Equipment Manufacturers (OEMs), Avalon Technologies operates across various regions, including the United States, China, the Netherlands, and Japan, among others.
Promoters
Promoters of the company
Kunhamed Bicha
Bhaskar Srinivasan
Promoters Holding
Holding Pre Issue
70.75%
Holding Post Issue
51.24%
Objects of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:
Repayment of all or a portion of certain outstanding borrowings availed by the company and one of its subsidiaries.Avalon Technology and Services Private Limited (ATSPL)
Funding the working capital requirements.
General corporate purposes.
Address / Contact Info
Avalon Technologies Limited
B – 7, First Main Road,
MEPZ, Tambaram,
Chennai – 600 045
Phone: +9144 42220 400
Email: investorsrelations@avalontec.com
Website: http://www.avalontec.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 03 April 2023
IPO Close Date
Thursday, 06 April 2023
Basis of Allotment
Wednesday, 12 April 2023
Initiation of Refunds
Thursday, 13 April 2023
Credit of Shares to Demat
Monday, 17 April 2023
Listing Date
Tuesday, 18 April 2023 — NSE & BSE
Important Dates
Open Date
03 April 2023
Close Date
06 April 2023
Basis Of Allotment
12 April 2023
Listing Date
18 April 2023
Financial Performance (₹ in Crores)
| Particular | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Assets | 449.65 | 512.48 | 587.96 |
| Revenue | 653.15 | 695.9 | 851.65 |
| Profit After Tax | 12.33 | 23.08 | 68.16 |
| Net Worth | 0 | 0 | 0 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 248.48 | 295.33 | 294.05 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
55.54
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | The market capitalization of Avalon Technologies IPO is Rs 2846.76 crores. |
|---|---|
| ROE % | 85.9 |
| ROCE % | 27.4 |
| Debt / Equity | 3.64 |
| RoNW % | 0 |
| PbW | 0 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 8927751 | 45.15 | 0 |
| Qualified Institutions | 5915011 | 29.92 | 0 |
| Non-Institutional | 2975917 | 15.05 | 0 |
| BNII | 1983945 | 10.03 | 4167 |
| SNII | 991972 | 5.02 | 2083 |
| Retail Investors | 1983944 | 10.03 | 58351 |
| 19771937 | 100 | 0 |
Subscription Status ( Fri, 14 Apr 23 04:41 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 5915011 | 22303864 | 3.77x |
| Non-Institutional | 2975917 | 1276326 | 0.43x |
| Retail Investors | 1983944 | 1752666 | 0.88x |
| Total | 10844186 | 25332856 | 2.34x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 34 | 14,824.00 |
| Retail (Max) | 13 | 442 | 192,712.00 |
| S-HNI (Min) | 14 | 476 | 207,536.00 |
| S-HNI (Max) | 67 | 2,278 | 993,208.00 |
| B-HNI (Min) | 68 | 2,312 | 1,008,032.00 |
Book Running Lead Managers
- IIFL Capital Services Limited
- JM Financial Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Avalon Technologies Limited is a Book-building IPO worth ₹865 crores. The price band is ₹415 to 436 per share. The IPO opens on Mon, Apr 3, 2023 and closes on Thu, Apr 6, 2023. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The Avalon Technologies Limited opens on Mon, Apr 3, 2023 and closes on Thu, Apr 6, 2023
Avalon Technologies Limited Price Band is ₹415 to 436.
Avalon Technologies Limited lot size is 34, and the minimum amount required for application is ₹14824.
The minimum investment for Avalon Technologies Limited is approximately ₹14824 based on the upper price band.
To apply for the Avalon Technologies Limited, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Apr 6, 2023. After submission, funds are blocked until the basis of allotment of Avalon Technologies Limited is finalised.
Avalon Technologies Limited issue size is ₹865 crores.
Avalon Technologies Limited allotment date is Sat, Jun 27, 2026.
The registrar for Avalon Technologies Limited is Link Intime India Private Ltd. Investors can go to Link Intime India Private Ltd website for IPO allotment status, refund processing, and other queries related to Avalon Technologies Limited through their official website or helpline.
The Avalon Technologies Limited GMP (Grey Market Premium) is ₹7 as of Tue, Apr 18, 2023. Based on the upper price band of ₹436 per share, the estimated Avalon Technologies Limited listing price is ₹443, indicating a potential listing gain of approximately 31% over the issue price.