Avalon Technologies IPO Subscription Details

Bookbuilding IPO | ₹865 Cr | Listed at BSE, NSE | Mon, Apr 3, 2023 - Thu, Apr 6, 2023

Basis of Allotment - Avalon Technologies IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares)59,51,83589,27,7511,48,79,5869,91,97219,83,94429,75,91619,83,9441,98,39,446
Allotment price (Rs.)436436436436436436436436
No.of applications33245758320779033,14033,987
No.of shares applied2,22,97,33692,11,6543,15,08,9904,03,7167,02,67811,06,39416,69,9443,42,85,328
Amount collected (Rs.cr.)972.16 401.63 1,373.79 17.60 30.64 48.24 72.81 1,494.84
No.of times subscribed3.751.032.120.410.350.370.841.73
No.of shares allotted81,35,35789,27,7511,70,63,1084,03,7167,02,67811,06,39416,69,9441,98,39,446
Amount (Rs.cr.)354.70 389.25 743.95 17.60 30.64 48.24 72.81 865.00
No.of allottees33245758320779033,14033,987

IPO Shares Offered

Avalon Technologies IPO is a public issue of 1.98 Cr equity shares. The issue offers 0.20 Cr shares to retail investors, 1.49 Cr shares to qualified institutional buyers, and 0.30 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 1,48,79,586648.75 75.00%
    Anchor 89,27,751 389.25 45.00%
    QIB (Ex Anchor) 59,51,835 259.50 30.00%
NII 29,75,916129.75 15.00%
    bNII (> ₹10L)19,83,94486.50 10.00%
    sNII (< ₹10L)9,91,97243.25 5.00%
Retail19,83,94486.50 10.00%
Total1,98,39,446865.00 100%

Avalon Technologies IPO Anchor Investor Allocation

A total of 89,27,751 shares at a price of Rs 436 per share will be allotted to the anchor investors.

Anchor investors bid opening dateMar 31, 2023
Anchor investor price₹436.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days44,63,876
No. of shares locked-in for 90 days44,63,876
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 NOMURA TRUST & BANKING CO.LTD.,THE AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHER FUND NOMURA 8,94,506 39.00 10.02 4.51
2 ASHOKA INDIA OPPORTUNITIES FUND ASHOKA 8,94,506 39.00 10.02 4.51
3 HDFC LARGE & MID CAP FUND HDFC MUTUAL FUND 8,94,506 39.00 10.02 4.51
4 NIPPON INDIA SMALL CAP FUND NIPPON INDIA MUTUAL FUND 8,94,506 39.00 10.02 4.51
5 GOLDMAN SACHS FUNDS-GOLDMAN SACHS INDIA EQUITY PORTFOLIO GOLDMAN SACHS 8,94,506 39.00 10.02 4.51
6 NEUBERGER BERMAN EMERGING MARKETS EQUITY FUND NEUBERGER BERMAN 3,71,178 16.18 4.16 1.87
7 NEUBERGER BERMAN EMERGING MARKET EQUITY MASTER FUND LP NEUBERGER BERMAN 2,29,738 10.02 2.57 1.16
8 HOSTPLUS POOLED SUPERANNUATION TRUST NEUBERGER AUSTRALIA PTY.LTD. HOSTPLUS 2,93,590 12.80 3.29 1.48
9 ADITYA BIRLA SUN LIFE INSURANCE CO.LTD. ADITYA BIRLA SUN LIFE INSURANCE 6,10,605 26.62 6.84 3.08
10 FRANKLIN INDIA OPPORTUNITIES FUND FRANKLIN TEMPLETON MUTUAL FUND 2,75,264 12.00 3.08 1.39
11 FRANKLIN BUILD INDIA FUND FRANKLIN TEMPLETON MUTUAL FUND 2,29,330 10.00 2.57 1.16
12 HDFC LIFE INSURANCE CO.LTD. HDFC LIFE INSURANCE 4,58,728 20.00 5.14 2.31
13 WHITEOAK CAPITAL FLEXI CAP FUND WHITEOAK CAPITAL MUTUAL FUND 2,08,726 9.10 2.34 1.05
14 WHITEOAK CAPITAL MID CAP FUND WHITEOAK CAPITAL MUTUAL FUND 98,634 4.30 1.10 0.50
15 WHITEOAK CAPITAL ELSS TAX SAVER FUND WHITEOAK CAPITAL MUTUAL FUND 9,180 0.40 0.10 0.05
16 WHITEOAK CAPITAL BALANCED ADVANTAGE FUND WHITEOAK CAPITAL MUTUAL FUND 27,506 1.20 0.31 0.14
17 IIFL SELECT SERIES II IIFL 3,44,046 15.00 3.85 1.73
18 MAHINDRA MANULIFE ELSS TAX SAVER FUND MAHINDRA MANULIFE MUTUAL FUND 1,72,040 7.50 1.93 0.87
19 MAHINDRA MANULIFE SMALL CAP FUND MAHINDRA MANULIFE MUTUAL FUND 1,72,006 7.50 1.93 0.87
20 OPTIMIX WHOLESALE GLOBAL EMERGING MARKETS SHARE TRUST OPTIMIX 2,75,230 12.00 3.08 1.39
21 OAKS EMERGING UMBRELLA FUND PLC OAKS EMERGING & FRONTIER OPPORTUNITIES FUND OAKS 2,75,230 12.00 3.08 1.39
22 PRINCIPAL INTERNATIONAL EMERGING MARKETS SEPARATE ACCOUNT PRINCIPAL 1,14,682 5.00 1.28 0.58
23 PRINCIPAL FUNDS,INC.-GLOBAL EMERGING MARKETS FUND PRINCIPAL 1,14,682 5.00 1.28 0.58
24 GOLDMAN SACHS (SINGAPORE) PTE.-ODI GOLDMAN SACHS 1,74,826 7.62 1.96 0.88
89,27,751389.2510045.00

IPO Subscription FAQs

The Avalon Technologies IPO is subscribed 2.34 times by Apr 06, 2023 19:02.

Avalon Technologies IPO Subscription

Investor Category Subscription (times)
Qualified Institutional3.77
Non Institutional0.43
Retail Individual0.88
Total Subscription2.34

Retail category of Avalon Technologies IPO subscribed 0.88 times as of date Apr 06, 2023 19:02. The public issue closes on Thu, Apr 6, 2023 for bidding.

An investor can apply in Avalon Technologies IPO online via bank (using ASBA) or the broker (using UPI). The Avalon Technologies IPO shares are offered online only.

The Avalon Technologies IPO is subscribed 2.34 times by Apr 06, 2023 19:02.

The Avalon Technologies IPO allotment status is expected on or around Wednesday, April 12, 2023. Visit Avalon Technologies IPO allotment status to check.

The Avalon Technologies IPO listing date is April 18, 2023. The equity share of Avalon Technologies IPO will list on BSE, NSE.

Visit Avalon Technologies IPO subscription status page for real-time bidding information about Avalon Technologies IPO.

Avalon Technologies IPO Timetable

IPO opens OnMonday, April 3, 2023
IPO Closes OnThursday, April 6, 2023
Finalisation of Basis of AllotmentWednesday, April 12, 2023
Initiation of RefundsThursday, April 13, 2023
Credit of Shares to Demat AccountMonday, April 17, 2023
IPO Listing DateTuesday, April 18, 2023
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