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Anlon Technology Solutions Limited IPO Detail

Anlon Technology Solutions Limited IPO Detail

Incorporated in 2015, Anlon Technology Solutions Limited is primarily engaged in the business of providing engineering services. The company provides engineering services for engineering systems, built on automotive chassis and allied areas, majorly for airports, high-rise buildings, and refineries.

The company offers services such as Airport Rescue and Fire Fighting vehicles, High rise building rescue, evacuation and fire fighting equipment, Industrial Fire Engines, Runway Rubber removal and paint removal machines, Runway sweeping and Bay cleaning, Disabled Aircraft Recovery Kit (DARK), Supply of Airport interior components.

There are two primary segments for the bifurcation of the business:

1. Engineering services: Commissions from the Sale of Equipment, Spare Parts Trading, and Maintenance and Service.

2. Designing, Fabrication, and Installation Services: Maintenance and Service for the products sold.

The company clocked a total revenue in FY20, FY21 and FY22 of Rs. 1,381.25 lacs, Rs. 1,444.00 lacs and Rs. 1,958.60 lacs respectively.

The company provides services to clients spread across the country, namely in cities like Mumbai, Bangalore, Thane, Delhi, Hyderabad, Kurnool, Kannur, Jamnagar, Kolkata, Barmer, Ahmedabad, Lucknow, Guwahati, Mangalore and Chennai.

Competitive Strengths:

  • Experienced management team and Strong technical team.
  • Strengthening trust developed by and with Anlon in years.
  • Fulfilling other service gaps.
  • 24*7 Availability for customer service.
  • Regular technological upgradation.
  • After-sales service and operation.

Company Promoters

Mr. Unnikrishnan Nair P M and Mrs. Beena Unnikrishnan

IPO Details

IPO Opening DateDec 29, 2022
IPO Closing DateJan 02, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹100 per equity share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtNSE SME
Issue Size₹15.00 Cr
Fresh Issue1,500,000 shares of ₹10 (aggregating up to ₹15.00 Cr)
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 4.27x - - 10.15x 26.20x 16.51x
Day 2 9.24x - - 73.43x 113.23x 75.04x
Day 3 54.53x - - 883.58x 447.06x 428.62x

IPO Tentative Timetable

The Anlon Technology Solutions Limited IPO open date is Dec 29, 2022, and the close date is Jan 02, 2023. The issue may list on Jan 10, 2023.

IPO Open DateDec 29, 2022
IPO Close DateJan 02, 2023
Basis of Allotment DateJan 05, 2023
Initiation of RefundsJan 06, 2023
Credit of Shares to Demat AccountJan 09, 2023
IPO Listing DateJan 10, 2023

IPO Lot Size

The Anlon Technology Solutions Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).

ApplicationLotsSharesAmount (Cut-off)
Minimum11200₹120000
Maximum11200₹120000

IPO Promoter Holding

Pre Issue Share Holding94.55%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-20 1105.74 1381.25 68.54
31-Mar-21 1552.78 1444 73.51
31-Mar-22 2096.9 1958.6 242.94

Objects of the Issue:

The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:

  1. Funding the working capital requirements of the company
  2. General Corporate Purposes

Anlon Technology Solutions Limited IPO Registrar:

Link Intime India Private Ltd

Anlon Technology Solutions Limited IPO Lead Manager(s):

GYR Capital Advisors Limited

Company Contact Information:

Anlon Technology Solutions Limited

Gala No. 12 & 13, Sahakar Industrial Estate

Plot No. 164/166 Vasai Road, East,

Mumbai 401202