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Avalon Technologies IPO vs Tata Technologies IPO

Comparison between Avalon Technologies IPO and Tata Technologies IPO.

IPO Details

Avalon Technologies IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Tata Technologies IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 Avalon Technologies IPOTata Technologies IPO
LogoAvalon Technologies IPO LogoTata Technologies IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersNomura Financial Advisory & Securities (India) Pvt.Ltd.

IIFL Capital Services Ltd.

Dam Capital Advisors Ltd.

JM Financial Ltd.		BOFA Securities India Ltd.

Citigroup Global Markets India Pvt.Ltd.

JM Financial Ltd.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Avalon Technologies IPO is up to ₹865.00 Cr whereas the issue size of the Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of Tata Technologies IPO is ₹500.00 per share.

 Avalon Technologies IPOTata Technologies IPO
Face Value₹2 per share₹2 per share
Issue Price (Lower)₹415.00 per share₹475.00 per share
Issue Price (Upper)₹436.00 per share₹500.00 per share
Issue Price (Final)₹436.00 per share₹500.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size34 shares30 shares
Fresh Issue Size73,39,449 shares0 shares
Fresh Issue Size (Amount)up to ₹320.00 Crup to ₹0.00 Cr
OFS Issue Size1,24,99,997 shares6,08,50,278 shares
OFS Issue Size (Amount)up to ₹545.00 Crup to ₹3,042.51 Cr
Issue Size Total1,98,39,446 shares6,08,50,278 shares
Issue Size Total (Amount)up to ₹865.00 Crup to ₹3,042.51 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of Avalon Technologies IPO and Tata Technologies IPO is Apr 06, 2023, and Nov 24, 2023, respectively.

 Avalon Technologies IPOTata Technologies IPO
Anchor Bid DateMar 31, 2023Nov 21, 2023
Issue OpenApr 03, 2023Nov 22, 2023
Issue CloseApr 06, 2023Nov 24, 2023
Basis Of Allotment (Tentative)Apr 12, 2023Nov 28, 2023
Initiation of Refunds (Tentative)Apr 13, 2023Nov 29, 2023
Credit of Share (Tentative)Apr 17, 2023Nov 29, 2023
Listing date (Tentative)Apr 18, 2023Nov 30, 2023
Anchor Lockin End date 1May 12, 2023Dec 28, 2023
Anchor Lockin End date 2Jul 11, 2023Feb 26, 2024

Financials & KPIs

Avalon Technologies IPO P/E ratio is 55.54, as compared to Tata Technologies IPO P/E ratio of 32.53.

 Avalon Technologies IPOTata Technologies IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets587.96512.48449.65
Total Income851.65695.90653.15
Profit After Tax68.1623.0812.33
Total Borrowing294.05295.33248.48
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,142.425,201.494,218.003,572.74
Total Income2,587.424,501.933,578.382,425.74
Profit After Tax351.90624.04436.99239.17
NET Worth2,853.132,989.472,280.162,142.15
Reserves and Surplus2,455.292,605.602,028.931,897.46
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)70.7566.79
Promoter Shareholding (Post-Issue)51.2455.39
P/E Ratio55.5432.53
Market Cap₹2846.76 Cr.₹20283.43 Cr.
ROE85.9
ROCE27.4
Debt/Equity3.64
EPS₹11.30₹15.37
RoNW85.8620.87%

Shares Offered

In the Avalon Technologies IPO Retail Individual Investors (RII) are offered 19,83,944 shares while in Tata Technologies IPO retail investors are offered 19,83,944 shares. Qualified Institutional Buyers (QIB) are offered 59,51,835 shares in Avalon Technologies IPO and 1,05,47,382 shares in Tata Technologies IPO.

 Avalon Technologies IPOTata Technologies IPO
Anchor Investor Reservation89,27,751 shares1,58,21,071 shares
Market Maker Reservation0 shares
QIB59,51,835 shares1,05,47,382 shares
NII29,75,916 shares79,10,537 shares
RII19,83,944 shares1,84,57,919 shares
Employee20,28,342 shares
Others
Total1,98,39,446 shares6,08,50,278 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas Tata Technologies IPO subscribed 69.43x.

 Avalon Technologies IPOTata Technologies IPO
QIB (times)3.77x203.41x
NII (times)0.43x62.11x
Big NII (times)0.44x70.67x
Small NII (times)0.41x44.98x
RII (times)0.88x16.50x
Employee (times)3.70x
Other (times)29.20x
Total (times)2.34x69.43x

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Compare:

Avalon Technologies IPO Vs Tata Technologies IPO