The IPO date for Avalon Technologies was recently set, the IPO will go public on April 3, 2023, and will conclude on April 6, 2023. Avalon Technologies IPO is anticipated to raise about 865 crores with an IPO involving a fresh offering of 320 crores and an offer for sale of up to 545 crores of 2 each now. The retail quota is 10%, the QIB quota is 75%, and the HNI quota is 15%.
Avalon Technologies Limited is one of the essential Vertically-Integrated Electronic Manufacturing Services (“EMS”) companies with a Global Manufacturing footprint of 1900+ individuals as of March 31, 2022. In terms of revenue in Fiscal 2022, Avalon is one of the commercial leaders in India. Avalon Technologies provides highly dependable electrical circuit card PCB Design, Sourcing, PCB Assembly, Prototyping, and Testing. Avalon Technologies also provides Box development and System Integration services.
Objectives of the Issue
- 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 company objectives.
Brokerage Firm IPO Review
- Canara Bank: Apply
- Choice Equity: Apply
- Jainam Broking: May Apply
- Reliance Securities: Apply
Avalon Technologies IPO GMP, Date & Price Band Details
| IPO Open: | April 3, 2023 |
| IPO Close: | April 6, 2023 |
| IPO Size: | Approx ₹865 Crores |
| Fresh Issue: | Approx ₹320 Crores |
| Offer for Sale: | Approx ₹545 Crores |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹415 to ₹436 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Avalon Technologies IPO Market Lot
The minimum market lot for the Avalon Technologies IPO is 34 shares with a 14,824 application amount. Retail investors can apply for up to 13 lots of 442 shares or 192,712 in altogether.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 34 | ₹14,824 |
| Retail Maximum | 13 | 442 | ₹192,712 |
| S-HNI Minimum | 14 | 476 | ₹207,536 |
| B-HNI Minimum | 68 | 2312 | ₹1,008,032 |
Avalon Technologies IPO Allotment & Listing Dates
The Avalon Technologies IPO date is April 3 and the close date is April 6. The Avalon Technologies IPO allotment will be finalized on April 12 and the IPO listing on April 18.
| Price Band Announcement: | March 28, 2023 |
| Anchor Investors Allotment: | March 31, 2023 |
| IPO Open Date: | April 3, 2023 |
| IPO Close Date: | April 6, 2023 |
| Basis of Allotment: | April 12, 2023 |
| Refunds: | April 13, 2023 |
| Credit to Demat Account: | April 17, 2023 |
| IPO Listing Date: | April 18, 2023 |
Avalon Technologies IPO Promoter Holding
- Pre Issue Share Holding: 75.02%
- Post Issue Share Holding
On their respective pages, you can check the status of an IPO subscription and an IPO allotment.
Avalon Technologies IPO Form
How do I apply for Avalon Technologies initial public offering? You can apply for the Avalon Technologies IPO using your bank account’s ASBA. Simply log in to your online bank and apply from your bank account by selecting the Avalon Technologies IPO in the Invest section. You can also apply for Avalon Technologies’ IPO by downloading IPO forms from the NSE and BSE. Check out the Avalon Technologies forms by choosing BSE Forms & NSE Forms free IPO forms to download, fill out, and send to your bank or broker.
Avalon Technologies Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹653 | ₹638 | ₹12.33 |
| 2021 | ₹696 | ₹667 | ₹23.08 |
| 2022 | ₹852 | ₹785 | ₹68.16 |
Avalon Technologies IPO Valuation – FY2022
Check here the details of Avalon Technologies’ IPO valuations such as Income Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| Earning Per Share (EPS): | ₹11.30 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 85.86% |
| Net Asset Value (NAV): | ₹15.60 per Equity Share |
Avalon Technologies IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: avalontec.ipo@linkintime.co.in
Website: https://linkintime.co.in
Company Address:
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
Avalon Technologies IPO Allotment Status Check
Check Avalon Technologies IPO allotment status on Linkintime website allotment URL. Click Here
Avalon Technologies IPO Lead Managers
- JM Financial Limited
- DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
- IIFL Securities Ltd
- Nomura Financial Advisory And Securities (India) Pvt Ltd
Avalon Technologies IPO FAQs
Q1. What is Avalon Technologies IPO?
Ans. Avalon Technologies IPO is a main-board IPO. They are going to raise ₹865 Crores via IPO. The issue is priced at ₹415 to ₹436 pr equity share. The IPO is to be listed on BSE & NSE.
Q2. When Avalon Technologies IPO will open?
Ans.The IPO is to open on April 3, 2023 for QIB, NII, and Retail Investors.
Q3. What is Avalon Technologies IPO Investors Portion?
Ans. The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
Q4. How to Apply the Avalon Technologies IPO?
Ans. You can apply for Avalon Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Avalon Technologies IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Avalon Technologies”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Avalon Technologies IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Avalon Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Avalon Technologies IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Avalon Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Avalon Technologies IPO Size?
Ans. Avalon Technologies IPO size is ₹865 crores.
Q9. What is Avalon Technologies IPO Price Band?
Ans. Avalon Technologies IPO Price Band is ₹415 to ₹436.
What is Avalon Technologies IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is 34 Shares with ₹14,824 amount while the maximum bid is 442 shares with ₹192,712.
Q10. What is the Avalon Technologies IPO Allotment Date?
Ans. Avalon Technologies IPO allotment date is April 12, 2023.
Q11. What is the Avalon Technologies IPO Listing Date?
Ans. Avalon Technologies IPO listing date is April 18, 2023. The IPO is to list on BSE and NSE.
