IPO Details
Bidding Dates
02 Apr '23 - 05 Apr '23
Minimum Investment
₹14,824 / 1 Lots ( 34 Shares )
Price Range
₹415-₹436
Maximum Investment
₹192,712 / 13 Lots ( 442 Shares )
Retail Discount
To be announced
Issue Size
₹865 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Avalon Technologies IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Apr 2, 2023
IPO Closing Date
Apr 5, 2023
Basis of Allotment
Apr 11, 2023
Initiation of Refunds
Apr 12, 2023
Credit of Shares to Demat Account
Apr 16, 2023
IPO Listing Date
Apr 17, 2023
Avalon Technologies IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Apr 2, 2023 |
0.00 | 0.01 | 0.17 | 0.03 |
Day 2Apr 4, 2023 |
0.00 | 0.05 | 0.48 | 0.10 |
Day 3Apr 5, 2023 |
3.77 | 0.43 | 0.88 | 2.34 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 3.77 |
| Non-Institutional Buyers | 0.43 |
| Retail Investors | 0.88 |
| Employees | [.] |
| Other | [.] |
| Total | 2.34 |
About Company
Avalon Technologies is a leading (by revenue earning of FY22) Electronic Manufacturing Services (EMS) company offering end-to-end box-building solutions focusing on high-quality precision-engineered products.
Avalon caters to global OEM companies in China, the USA, the Netherlands, and Japan. Through a developed global delivery system, Avalon offers a full-stack product and solution suite, complete with printed circuit board (PCB) design and assembly to manufacture complete electronic systems. Specialised services from Avalon Technologies include manufacturing and design support for critical integrated assemblies, sub-assemblies, components and enclosures for multiple industry verticals.
Avalon Technologies IPO Details:
Avalon Technologies IPO is a combination of fresh issues and offer-for-sale equities. The offer’s bidding window will open on April 06. 2023.
Avalon will raise a fund of Rs. 865 crores from 7,339,450 fresh equities worth Rs. 320 crores and 12,500,000 offer-for-sale shares close to a value of Rs. 545 crores. The issue price band is set at Rs. 415-436.
Retail investors are allotted >10% of the total issue size.
One lot of the issue will contain 34 shares. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots.
Avalon Technologies Ltd. IPO Objective
- Prepayment/repayment of certain borrowings by the company and its material subsidiary.
- Funding the working capital requirements and general corporate purposes.
Should you invest in Avalon Technologies Ltd.?
These are the top reasons to consider investing in Avalon Technologies Limited.
- Avalon is a leading fully-integrated box-building solution provider to global OEM players.
- The company has developed robust manufacturing capabilities to deliver quality products on time and supply chain efficiencies.
- It is the only Indian OEM company with full-fledged manufacturing units in the USA. Avalon Technologies has 12 manufacturing units located in the USA and India.
Avalon Technologies Ltd. Noteworthy highlights
- The company increased its customer base from 54 in Fiscal 2020 to 81 in Fiscal 2022.
- The total income of Avalon Technologies has increased at a CAGR of 14.19% from 2020 to 2022.
- The Indian EMS market is expected to grow at 32.3% CAGR between 2022 and 2026, and Avalon, as a key player, stands to gain from the growth.
Avalon Technologies Ltd Company Financials
| Particulars | Year ending on March 31, 2022 (₹ Lakh) | Total Year ending on March 31, 2021 (₹ Lakh) | Profit After TaxTotal Year ending on March 31, 2020 (₹ Lakh) |
|---|---|---|---|
| Revenue from Operations | 8,407.18 | 6,904.71 | 6,418.67 |
| Profit After Tax (PAT) (consolidated) | 681.64 | 230.82 | 123.26 |
| PAT Margin | 8.00% | 3.32% | 1.89% |
| EBITDA | 975.48 | 661.43 | 644.79 |
| EBITDA % | 11.60% | 9.58% | 10.05% |
| Period Ended | As at March 31, 2022 (₹ lakh) | As at March 31, 2021 (₹ lakh) | As at March 31, 2020 (₹ lakh) |
| Current Asset | 4,502.86 | 3,796.11 | 3,126.58 |
| Current Liabilities | 3990.14 | 3,791.67 | 3669.90 |
Know before investing
Strengths
3-
Avalon is one of the leading players in the Indian EMS domain, with a global footprint.
-
It’s a one-stop shop for electronics and electro-mechanical design and manufacturing services for its clients.
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The company has won many awards for service excellence.
Risks
3-
Supply interruption and changes in raw material prices will impact the company’s profitability.
-
Any disruption in the company's manufacturing units can adversely affect future profitability.
-
Changing client preferences can impact the company's performance and cash flow.
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Avalon Technologies IPO FAQs
Avalon Technologies Ltd. IPO opens for subscription on April 03, 2023. The company will raise Rs. 865 crore from 19,839,450 equity shares. The shares will be available at a price band of Rs. 415-436 per share.
A minimum of one lot will contain 34 shares.
The basis of the allotment date is April 12, 2023.
One lot of Avalon Technologies Ltd. IPO has 3000 shares.
The IPO will open on April 03, 2023.
Retail investors can apply for a minimum of one lot of 34 shares.
The listing date of Avalon Technologies Ltd. on BSE and NSE is April 18, 2023.
You can check the allotment status of your IPO application from the Angel One app.
To check the allotment status, enter the application number, DP ID, and PAN number into the app.
One can’t measure listing gain before the IPO listing date. You will get the update on the listing date of Avalon Technologies, which is April 18, 2023.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 34 shares.
