Avalon Technologies IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 03 Apr 2023
Close Date
Thu, 06 Apr 2023
Price Band
₹ 415 – 436
Lot Size
34
Issue Size
₹ 865.00 Cr
Minimum Investment
₹ 14,824 (34 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Avalon Technologies IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹865 Crore, comprising a fresh issue of 73.39 Lakh equity shares aggregating to ₹320.00 Crore and an offer for sale (OFS) of 1.25 Crore equity shares aggregating to ₹545.00 Crore by the existing shareholders.
The Avalon Technologies IPO remained open for subscription from April 03, 2023, to April 06, 2023. The basis of allotment was finalized on April 12, 2023, and the company's shares were listed on the NSE and BSE on April 18, 2023.
The company had fixed the price band at ₹415 to ₹436 per share, with a lot size of 34 shares. Retail investors were required to make a minimum investment of ₹14,824 (based on the upper price band) to apply for one lot.
Link Intime India Private Ltd served as the registrar to the issue. IIFL Capital Services Limited, JM Financial Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), and Nomura Financial Advisory And Securities (India) Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Avalon Technologies Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Avalon Technologies IPO Timeline (Tentative)
- IPO Open Date
- Mon, 03 Apr 23
- IPO Close Date
- Thu, 06 Apr 23
- Basis of Allotment
- Wed, 12 Apr 23
- Initiation of Refunds
- Thu, 13 Apr 23
- Credit of Shares to Demat
- Mon, 17 Apr 23
- Listing Date
- Tue, 18 Apr 23 — NSE & BSE
Open Date
03 April 2023
Close Date
06 April 2023
Basis Of Allotment
12 April 2023
Listing Date
18 April 2023
IPO Subscription
Check Live Subscription →The Avalon Technologies IPO has received bids for 2,53,32,856 shares against 1,08,44,186 shares offered, resulting in an overall subscription of 2.34x. the NII category is subscribed 0.43x, Retail Investors 0.88x, and QIBs 3.77x.
QIB
3.77x
NII
0.43x
RII
0.88x
Total
2.34x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,83,944 shares, representing 10.03% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 59,15,011 shares (29.92%), while Non-Institutional Investors (NIIs) receive 29,75,917 shares (15.05%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 8,927,751 | 45.15% |
| Qualified Institutions | 5,915,011 | 29.92% |
| Non-Institutional | 2,975,917 | 15.05% |
| BNII | 1,983,945 | 10.03% |
| SNII | 991,972 | 5.02% |
| Retail Investors | 1,983,944 | 10.03% |
| 19,771,937 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Avalon Technologies Limited KPI Information
| Particular | Mar 2022 |
|---|---|
| ROE % | 85.9 |
| ROCE % | 27.4 |
| Debt / Equity | 3.64 |
Peers Comparison
No Peer Comparision Available
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.
Avalon Technologies Limited Address / Contact Details
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
Avalon Technologies IPO Lot Size
The Avalon Technologies IPO has a lot size of 34 shares. Retail investors require a minimum investment of ₹14,824 by applying for 1 lot (34 shares). The maximum application allowed for the retail category is 13 lots (442 shares), requiring an investment of ₹1,92,712.
| 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 |
Issue Reservation
- Anchor Investors — 45.15%
- QIB — 29.92%
- NII — 15.05%
- RII — 10.03%
- — 100%
Book Running Lead Managers
- IIFL Capital Services Limited
- JM Financial Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- Nomura Financial Advisory And Securities (India) Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Avalon Technologies 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.
When will the Avalon Technologies IPO open for subscription?
The Avalon Technologies IPO opens on Mon, Apr 3, 2023 and closes on Thu, Apr 6, 2023
What is Avalon Technologies IPO Price Band?
Avalon Technologies IPO Price Band is ₹415 to 436 per share.
What is Avalon Technologies IPO Lot Size?
Avalon Technologies IPO lot size is 34 shares, Retail investors need a minimum investment of ₹14824 based on the upper price band
What is the minimum investment for Avalon Technologies IPO?
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.
How to apply for Avalon Technologies IPO?
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.
What is Avalon Technologies IPO Issue Size?
Avalon Technologies IPO issue size is ₹865 crores.
What is the Avalon Technologies IPO Allotment Date?
Avalon Technologies IPO allotment date is Wed, Apr 12, 2023.
Who is the Avalon Technologies IPO Registrar?
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.
What is the Avalon Technologies IPO GMP?
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 1.61% over the issue price.
Who is the Avalon Technologies IPO Lead Manager?
The book-running lead managers (BRLMs) for the Avalon Technologies IPO are JM Financial Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), and Nomura Financial Advisory And Securities (India) Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Avalon Technologies IPO Red Herring Prospectus (RHP).