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Avalon Technologies IPO is a book build issue of ₹865.00 crores. The issue is a combination of fresh issue of 0.73 crore shares aggregating to ₹320.00 crores and offer for sale of 1.25 crore shares aggregating to ₹545.00 crores.
Avalon Technologies IPO bidding started from Apr 3, 2023 and ended on Apr 6, 2023. The allotment for Avalon Technologies IPO was finalized on Apr 12, 2023. The shares got listed on BSE, NSE on Apr 18, 2023.
Avalon Technologies IPO price band is set at ₹436.00 per share . The lot size for an application is 34. The minimum amount of investment required by an retail is ₹14,110 (34 shares). The lot size investment for sNII is 14 lots (476 shares), amounting to ₹2,07,536, and for bNII, it is 68 lots (2,312 shares), amounting to ₹10,08,032.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Avalon Technologies IPO RHP for detailed Information.
| IPO Date | April 3, 2023 to April 6, 2023 |
| Listing Date | April 18, 2023 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹415 to ₹436 per share |
| Issue Price Final | ₹436 per share |
| Lot Size | 34 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,98,39,446 shares (aggregating up to ₹865.00 Cr) |
| Fresh Issue | 73,39,449 shares (aggregating up to ₹320.00 Cr) |
| Offer for Sale | 1,24,99,997 shares of ₹2 (aggregating up to ₹545.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,79,53,128 shares |
| Share Holding Post Issue | 6,52,92,577 shares |
Avalon Technologies IPO offers total 1,98,39,446 shares. Out of which 1,48,79,586 (75.00%) allocated to QIB, 59,51,835 (30.00%) allocated to QIB, 29,75,916 (15.00%) allocated to NII, 19,83,944 (10.00%) allocated to RII and 89,27,751 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,48,79,586 (75.00%) | NA |
| − Anchor Investor Shares Offered | 89,27,751 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 59,51,835 (30.00%) | NA |
| NII (HNI) Shares Offered | 29,75,916 (15.00%) | NA |
| − bNII > ₹10L | 19,83,944 (10.00%) | 4,167 |
| − sNII < ₹10L | 9,91,972 (5.00%) | 2,083 |
| Retail Shares Offered | 19,83,944 (10.00%) | 58,351 |
| Total Shares Offered | 1,98,39,446 (100.00%) |
Avalon Technologies IPO raises ₹389.25 crore from anchor investors. Avalon Technologies IPO Anchor bid date is March 31, 2023. Avalon Technologies IPO Anchor Investors list
| Bid Date | March 31, 2023 |
| Shares Offered | 89,27,751 |
| Anchor Portion Size (In Cr.) | 389.25 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 12, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 11, 2023 |
Avalon Technologies IPO opens on April 3, 2023, and closes on April 6, 2023.
| IPO Open Date | Mon, Apr 3, 2023 |
| IPO Close Date | Thu, Apr 6, 2023 |
| Tentative Allotment | Wed, Apr 12, 2023 |
| Initiation of Refunds | Thu, Apr 13, 2023 |
| Credit of Shares to Demat | Mon, Apr 17, 2023 |
| Tentative Listing Date | Tue, Apr 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 6, 2023 |
Investors can bid for a minimum of 34 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,824 |
| Retail (Max) | 13 | 442 | ₹1,92,712 |
| S-HNI (Min) | 14 | 476 | ₹2,07,536 |
| S-HNI (Max) | 67 | 2,278 | ₹9,93,208 |
| B-HNI (Min) | 68 | 2,312 | ₹10,08,032 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 | ||||
The market capitalization of Avalon Technologies IPO is ₹2846.76 Cr.
| KPI | Values |
|---|---|
| ROE | 85.90% |
| ROCE | 27.40% |
| Debt/Equity | 3.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 55.54 |
The Company proposes to utilize the Net Proceeds towards funding the following objects:
[Dilip Davda] ATL is engaged in the global supply of critical and specialized components to industries across the board with a major focus on clean energy and new developments in EV and Hydrogen space. A strong order book of Rs. 1190+ cr. as of November 30, 2022, indicates future prospects of the company. Since it enjoys a niche place in the segment it operates, it may catch fancy post listing. Since over 45% of funds will be used to reduce its borrowings, it will bring savings in interest costs that will boost its bottom line going forward. Well-informed investors may park funds for medium to long-term rewards. Read detail review...
| Listing Date | April 18, 2023 |
| BSE Script Code | 543896 |
| NSE Symbol | AVALON |
| ISIN | INE0LCL01028 |
| Final Issue Price | ₹436 per share |
| BSE Listing Group | B |
Avalon Technologies Ltd.
B – 7, First Main Road,
MEPZ, Tambaram,
Chennai – 600 045
Chennai, Tamil Nadu
Phone: +9144 42220 400
Email: investorsrelations@avalontec.com
Website: http://www.avalontec.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: avalontec.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Avalon Technologies IPO is a main-board IPO of 1,98,39,446 equity shares of the face value of ₹2 aggregating up to ₹865.00 Crores. The issue is priced at ₹436 per share. The minimum order quantity is 34.
The IPO opens on April 3, 2023, and closes on April 6, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Avalon Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Avalon Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Avalon Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Avalon Technologies IPO opens on April 3, 2023 and closes on April 6, 2023.
Avalon Technologies IPO lot size is 34, and the minimum amount required for application is ₹14,824.
You can apply in Avalon Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Avalon Technologies IPO will be done on Wednesday, April 12, 2023, and the allotted shares will be credited to your demat account by Monday, April 17, 2023. Check the Avalon Technologies IPO allotment status.
The Avalon Technologies IPO listing date is on Tuesday, April 18, 2023.
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