Avalon Technologies IPO Details
The Avalon Technologies IPO is a book build issue with a total issue size of ₹865 cr, comprising of fresh issue of 7339450 equity shares., and a offer for sale of 12500000 equity shares. Avalon Technologies IPO opened for subscription on Apr 03, 2023 and closed on Apr 06, 2023. Avalon Technologies IPO is set price band at ₹415 to ₹436 per share, with a lot size of 34 shares. Minimum investment for Retail investors was ₹14,824.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Apr 12, 2023, and listed on both the NSE and BSE on Apr 18, 2023.
Link Intime India Private Ltd has been appointed as the registrar. IIFL Capital Services Limited, JM Financial Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the Book Running Lead Manager for the issue.
Before investing in the Avalon Technologies IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 415 – 436
- Lot Size
- 34
- Issue Size
- ₹865 Cr
- Minimum Investment
- ₹14824 (34 Shares)
- Listing Date
- 18 April 2023
Current GMP
₹7 (+1.61%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Avalon Technologies Limited
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.
Avalon Technologies IPO Promoters
Promoters of the company
Kunhamed Bicha
Bhaskar Srinivasan
Promoters Holding
Holding Pre Issue
70.75%
Holding Post Issue
51.24%
Avalon Technologies IPO Objective
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
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)
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 IPO is a Book-building IPO with a total issue size of ₹865 crore. The Avalon Technologies IPO price band is ₹415 to 436 per share. The Avalon Technologies IPO subscription opens on Mon, Apr 3, 2023, and closes on Thu, Apr 6, 2023. The Avalon Technologies IPO will be listed on the BSE,NSE. Link Intime India Private Ltd is the registrar for the Avalon Technologies IPO.
The Avalon Technologies IPO opens on Mon, Apr 3, 2023 and closes on Thu, Apr 6, 2023
Avalon Technologies IPO Price Band is ₹415 to 436 per share.
Avalon Technologies IPO lot size is 34 shares, Retail investors need a minimum investment of ₹14824 based on the upper price band
The minimum investment for Avalon Technologies IPO is ₹14824, based on one lot of 34 shares at the upper price band of ₹436 per share.
Investors can apply for the Avalon Technologies IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Apr 6, 2023. The application amount remains blocked until the Avalon Technologies IPO allotment is finalized.
Avalon Technologies IPO issue size is ₹865 crores.
Avalon Technologies IPO allotment date is Wed, Jul 1, 2026.
The registrar for Avalon Technologies IPO is Link Intime India Private Ltd. Investors can go to Link Intime India Private Ltd website to check Avalon Technologies IPO allotment status, refund processing, and other IPO-related information.
The Avalon Technologies IPO 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 IPO listing price is ₹443, indicating a potential listing gain of approximately 0% over the issue price.