Avalon Technologies Limited, Founded in 1999, stands as a prominent and fully integrated Electronic Manufacturing Services (EMS) entity. With comprehensive capabilities, they excel in delivering end-to-end box-build solutions within India, focusing on precision-engineered high-value products. Notably, the company secured a significant position in India’s revenue rankings for Fiscal 2022, solidifying its leadership in the segment.
Leveraging a distinctive global delivery model, Avalon presents a comprehensive suite of products and solutions, spanning from printed circuit board (PCB) design and assembly to the complete manufacturing of electronic systems (Box Build). Their services extend to various global original equipment manufacturers (OEMs), encompassing those from countries like China, Netherlands, United States, and Japan.
Avalon Technologies Limited’s offerings encompass a wide spectrum, including PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection molded plastics, and comprehensive box build for electronic systems.
Distinguished for their specialization in crafting and supporting critical integrated assemblies, components, sub-assemblies, and enclosures across multiple industry domains, Avalon empowers customers with exceptional services.
Stock Quote #
- Open: ₹529.50
- High – Low: ₹535.50 – ₹505.65
- Previous Close: ₹581.90
- Total Traded Value: 15,33,205
- 52 Weeks High: ₹732.10 (Jul 14, 2023)
- 52 Weeks Low: ₹348.00 (May 09, 2023)
- Updated On: Aug 11, 2023 4:00 PM
Avalon Technologies IPO Details #
Avalon Technologies IPO is a Book Built Issue. The IPO total issue size is Rs 865.00 Cr. The Avalon Technologies IPO price is ₹415 to ₹436 per share. The IPO will list on BSE, NSE.
| IPO Date | Apr 3, 2023 to Apr 6, 2023 |
| Listing Date | Apr 18, 2023 |
| Face Value | ₹2 per share |
| Price | ₹415 to ₹436 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 19,839,450 shares (aggregating up to ₹865.00 Cr) |
| Fresh Issue | 7,339,450 shares (aggregating up to ₹320.00 Cr) |
| Offer for Sale | 12,500,000 shares of ₹2 (aggregating up to ₹545.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
IPO Reservation #
Avalon Technologies IPO a total of 19,771,937 shares are offered. QIB: 5,915,011 (29.92%), RII: 1,983,944 (10.03%), NII: 2,975,917 (15.05%).
| Anchor Investor Shares Offered | 8,927,751 (45.15%) |
| QIB Shares Offered | 5,915,011 (29.92%) |
| NII (HNI) Shares Offered | 2,975,917 (15.05%) |
| Retail Shares Offered | 1,983,944 (10.03%) |
| Total Shares Offered | 19,771,937 (100%) |
Anchor Investors Details #
PO raises Rs 389.25 crore from anchor investors. Avalon Technologies IPO Anchor bid date is Mar 31, 2023. Avalon Technologies IPO Anchor Investors list
| Bid Date | Mar 31, 2023 |
| Shares Offered | 8,927,751 |
| Anchor Portion Size (In Cr.) | 389.25 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 26, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Aug 22, 2023 |
Avalon Technologies IPO Timetable (Tentative) #
IPO opens on Apr 3, 2023, and closes on Apr 6, 2023.
| IPO Open Date | Monday, 3 April 2023 |
| IPO Close Date | Thursday, 6 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on Apr 6, 2023 |
Avalon Technologies IPO Lot Size #
The minimum lot size of this Avalon Technologies IPO is 34 shares required is ₹14,824.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,824 |
| Retail (Max) | 13 | 442 | ₹192,712 |
| S-HNI (Min) | 14 | 476 | ₹207,536 |
| S-HNI (Max) | 67 | 2,278 | ₹993,208 |
| B-HNI (Min) | 68 | 2,312 | ₹1,008,032 |
| Lot Size Calculator | |||
Avalon Technologies IPO Promoter Holding #
Kunhamed Bicha and Bhaskar Srinivasan are the promoters of the company.
| Pre Issue Share Holding | 70.75% |
| Post Issue Share Holding | 51.24% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 449.65 | 653.15 | 12.33 | 248.48 |
| 31-Mar-21 | 512.48 | 695.90 | 23.08 | 295.33 |
| 31-Mar-22 | 587.96 | 851.65 | 68.16 | 294.05 |
| Amount in ₹ Crore | ||||
Key Performance Indicator #
Avalon Technologies IPO Market Cap is Rs 2846.76 Cr and P/E (x) is 55.54.
| KPI | Values |
|---|---|
| P/E (x) | 55.54 |
| Market Cap (₹ Cr.) | 2846.76 |
| ROE | 85.90% |
| ROCE | 27.40% |
| Debt/Equity | 3.64 |
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 IPO Subscription Status (Bidding Detail) #
The Avalon Technologies IPO is subscribed 2.34 times on Apr 6, 2023 7:02:00 PM. The public issue subscribed 0.88 times in the retail category, 3.77 times in the QIB category, and 0.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.77 |
| NII | 0.43 |
| bNII (bids above ₹10L) | 0.44 |
| sNII (bids below ₹10L) | 0.41 |
| Retail | 0.88 |
| Total | 2.34 |
Total Application : 38,944 (0.67 times)
Avalon Technologies IPO Prospectus #
Avalon Technologies IPO Listing Details #
| Listing Date | Apr 18, 2023 |
| BSE Script Code | 543896 |
| NSE Symbol | AVALON |
| ISIN | INE0LCL01028 |
| Final Issue Price | ₹436 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹436.00 |
| ₹431.00 |
| ₹387.75 |
| ₹435.30 |
| ₹397.45 |
| NSE |
|---|
| ₹436.00 |
| ₹396.00 |
| ₹388.95 |
| ₹400.00 |
| ₹397.95 |
Company Contact Information #
B – 7, First Main Road,
MEPZ, Tambaram,
Chennai – 600 045
Phone: +9144 42220 400
Email: investorsrelations@avalontec.com
Website: http://www.avalontec.com/
Avalon Technologies IPO Registrar #
Phone: +91-22-4918 6270
Email: avalontec.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Avalon Technologies IPO Lead Manager(s) #
- Jm Financial Limited (Past IPO Performance)
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) (Past IPO Performance)
- iifl Securities Ltd (Past IPO Performance)
- Nomura Financial Advisory And Securities (India) Pvt Ltd (Past IPO Performance)
FAQs #
What is the price range for Avalon Technologies IPO shares? #
The Avalon Technologies IPO price range is ₹415 to ₹436 per share.
When is the IPO open and closing dates for Avalon Technologies? #
The IPO is open from April 3, 2023, to April 6, 2023.
How many shares are being offered in the Avalon Technologies IPO? #
The IPO offers a total of 19,771,937 equity shares.
What is the allotment status date for Avalon Technologies IPO? #
The Avalon Technologies IPO shares will be listed on Tuesday, April 18, 2023.
What is the subscription status of Avalon Technologies IPO? #
The IPO offers 1,983,944 shares to retail investors and 5,915,011 shares to qualified institutional buyers.
What is the comparison between Avalon Technologies IPO and Mankind Pharma IPO? #
The Avalon Technologies IPO is proposed to list on BSE and NSE, while Mankind Pharma IPO is a Mainline IPO.
Please note that the above information is based on the data available and may be subject to change.
