Avalon Technologies IPO Date, Price, Review
Avalon Technologies IPO: Know everything about Avalon Technologies IPO. Avalon Technologies Limited IPO Date, Avalon Technologies IPO Review and analysis. We will discus about Avalon Technologies IPO Benefits & Risks. Also, all information related to Avalon Technologies IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Avalon Technologies IPO
Avalon Technologies International Limited is a precision engineering company that mainly manufactures Bearing Cages and Stamped Components. Avalon Technologies Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 865 crore through IPO (Initial public offering).
Avalon Technologies IPO will open on 03 April 2023 and close on 06 April 2023. The price band of the Avalon Technologies IPO is ₹415 to ₹436. Avalon Technologies IPO size is 865 Crores. The offer includes 320 Crores under fresh issue and 545 Crores under offer for sale. Avalon Technologies IPO QIB quota is 75%, NII quota is 15% and RII quota is 10%. Avalon Technologies IPO listing date is 18 April 2023. You can know about Avalon Technologies IPO GMP (Grey Market Premium) below.
Avalon Technologies has given good financial performance. The company made a profit of ₹68.16 crores in the financial year 2022 (March 2021). The IPO of Avalon Technologies will be listed on NSE and BSE. Avalon Technologies IPO face value is ₹2 per equity share.
We will discuss Avalon Technologies' financials, benefits, and risks of investing in the company.
About Avalon Technologies International Ltd
Avalon Technologies Limited was incorporated in the year 1999. Avalon is a global, vertically integrated electronics manufacturing services ("EMS") company. Avalon Technologies Limited mainly focuses on high-value precision engineered products.
The company's clients span both industry leaders and innovative enterprises. Avalon Technologies provides a full spectrum of integrated manufacturing services to customers in industries around the world.
Avalon Technologies Limited is primarily involved in PCB design and assembly, sheet metal fabrication and machining, cable assembly and wire harness, magnetics, injection molded plastic, end-to-end box build of electronic systems, etc.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
Avalon Technologies IPO Date and Price Band Details
| IPO Open: | 03 April 2023 |
| IPO Close: | 06 April 2023 |
| Listing Date: | 18 April 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹865 crores |
| Fresh Issue: | Approx ₹320 crores |
| Offer For Sale: | Approx ₹545 crores |
| Price Band: | ₹415 to ₹436 per share |
| Face Value: | ₹2 per Equity share |
| QIB Portion: | 75% |
| Retail Portion: | 10% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Avalon Technologies IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 34 Shares |
| Minimum Amount: | ₹14,824 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 442 Shares |
| Maximum Amount: | ₹192,712 |
Avalon Technologies IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 03 April 2023 |
| IPO Closing Date: | 06 April 2023 |
| Basis of Allotment: | 12 April 2023 |
| Refund Date: | 13 April 2023 |
| Credit to Demat Account: | 17 April 2023 |
| Listing Date: | 18 April 2023 |
Avalon Technologies IPO Review
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You can also check the latest IPO subscription status and IPO allotment status of Avalon Technologies IPO on our website.
Avalon Technologies Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The profit of the company was 68.16 crores in the financial year 2022.
- Avalon Technologies Limited primarily focuses on high-value name products.
- The company's clients continue to be both industry leaders and job seekers.
- The company has an experienced and dedicated senior management team.
- The company has a diversified product portfolio.
- Avalon Technologies provides a full spectrum of integrated manufacturing services to customers around the world.
Risks
- Promoter holding was already low and will become lower after selling their stake through OFS in this IPO.
- Avalon Technologies Limited continues to face stiff competition.
- Their inability to diversify the product of their engineering business may stunt the growth of the company.
- COVID-19 has had a negative impact on the company.
Avalon Technologies Ltd Financials
Avalon Technologies Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2020 | ₹449.65 | ₹653.15 | ₹12.33 |
| 2021 | ₹512.48 | ₹695.90 | ₹23.08 |
| 2022 | ₹587.96 | ₹851.65 | ₹68.16 |
| - | ₹- | ₹- | ₹- |
Promoters
- Kunhamed Bicha
- Bhaskar Srinivasan
Contact Details of Avalon Technologies Limited
B – 7, First Main Road, MEPZ,
Tambaram, Chennai – 600 045,
Tamil Nadu, India
Telephone: +9144 42220 400
E-mail: investorsrelations@avalontec.com
Website:www.avalontec.com
Avalon Technologies Lead Managers
- JM Financial Limited
- IIFL Securities Limited
- DAM Capital Advisors Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Avalon Technologies IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: avalontec.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been good. In the financial year 2022, the company had a profit of Rs 68.16 crore. The promoter holding in the company is very low. Our suggestion will be updated when the Avalon Technologies Limited IPO starts. Avalon Technologies Limited IPO financial details and other information are given above.
Avalon Technologies IPO FAQs
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