Avalon Technologies Limited IPO Detail
Incorporated in 1999, Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services ("EMS") company. They have end-to-end capabilities in delivering box-build solutions in India, focusing on high-value precision engineered products. The company is one of the leaders in the segment in India in terms of revenue in Fiscal 2022.
Through a unique global delivery model, Avalon offers 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 countries like China, Netherlands, United States, and Japan.
The offerings of Avalon Technologies Limited include PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection molded plastics, and end-to-end box build of electronic systems.
With its notable specialization in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components, and enclosures for multiple industry verticals, they help customers receive the best of services.
Incorporated in 1999, Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services ("EMS") company. They have end-to-end capabilities in delivering box-build solutions in India, focusing on high-value precision engineered products. The company is one of the leaders in the segment in India in terms of revenue in Fiscal 2022.
Through a unique global delivery model, Avalon offers 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 countries like China, Netherlands, United States, and Japan.
The offerings of Avalon Technologies Limited include PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection molded plastics, and end-to-end box build of electronic systems.
With its notable specialization in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components, and enclosures for multiple industry verticals, they help customers receive the best of services.
Company Promoters
Kunhamed Bicha and Bhaskar SrinivasanIPO Details
| IPO Opening Date | Apr 03, 2023 |
| IPO Closing Date | Apr 06, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹415 - 436 per equity share |
| Market Lot | 34 Shares |
| Min Order Quantity | 34 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹865.00 Cr |
| Fresh Issue | ₹320.00 Cr |
| Offer for Sale | ₹545.00 Cr |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.01x | 0.17x | 0.03x |
| Day 2 | 0.00x | - | - | 0.05x | 0.47x | 0.10x |
| Day 3 | 3.77x | - | - | 0.43x | 0.88x | 2.34x |
IPO Tentative Timetable
The Avalon Technologies Limited IPO open date is Apr 03, 2023, and the close date is Apr 06, 2023. The issue may list on Apr 18, 2023.
| IPO Open Date | Apr 03, 2023 |
| IPO Close Date | Apr 06, 2023 |
| Basis of Allotment Date | Apr 12, 2023 |
| Initiation of Refunds | Apr 13, 2023 |
| Credit of Shares to Demat Account | Apr 17, 2023 |
| IPO Listing Date | Apr 18, 2023 |
IPO Lot Size
The Avalon Technologies Limited IPO market lot size is 34 shares. A retail-individual investor can apply for up to 13 lots (442 shares or ₹192712).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 34 | ₹14824 |
| Maximum | 13 | 442 | ₹192712 |
IPO Promoter Holding
| Pre Issue Share Holding | 70.75% |
| Post Issue Share Holding | 51.24% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 449.65 | 653.15 | 12.33 |
| 31-Mar-21 | 512.48 | 695.90 | 23.08 |
| 31-Mar-22 | 587.96 | 851.65 | 68.16 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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;
- General corporate purposes.
Avalon Technologies Limited IPO Registrar:
Link Intime India Private Ltd
Avalon Technologies Limited IPO Lead Manager(s):
JM Financial Limited DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd) IIFL Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
Company Contact Information:
Avalon Technologies Limited
B – 7, First Main Road,
MEPZ, Tambaram,
Chennai – 600 045
