Avalon Technologies IPO Details ( Avalon Tech IPO Review )
(03 Apr 2023 – 06 Apr 2023)
Avalon Technologies Limited, established in 1999, is a prominent Electronic Manufacturing Services (“EMS”) provider in India, offering comprehensive solutions for box-build products. Their expertise lies in the production of high-value precision engineered products, and as of Fiscal 2022, the company ranks among the top revenue generators in the Indian market.
Avalon utilizes a distinctive global delivery approach, providing a comprehensive suite of products and solutions, ranging from PCB design and assembly to the production of entire electronic systems (Box Build), to various global original equipment manufacturers (OEMs). These OEMs are located in different countries such as China, the Netherlands, the United States, and Japan.
Avalon Technologies Limited provides a diverse range of services, including 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.
Avalon Technologies Limited specializes in manufacturing and providing design support for crucial integrated assemblies, sub-assemblies, components, and enclosures for various industry verticals. Their expertise enables them to offer customers exceptional services and solutions tailored to their specific needs.
Avalon Technologies Limited IPO Competitive Strength
- End-to-end integrated solutions, providing a “One Stop Shop” for electronics and electro-mechanical design and manufacturing services
- High entry barriers to business through our collective cross-industry experience, customer engagement capabilities and leading position in the high mix flexible volume product manufacturing segment
- Well-diversified business leading to strong growth avenues
- Established relationships with marquee customer base
- Global delivery footprint with high quality standards and advanced manufacturing and assembly capabilities
- Strong financial performance, stable cash flows and visible growth profile
- Experienced board management and operating team
Avalon Technologies IPO Financials Performance ( Results )
Avalon Technologies Limited Financial Information ( Restated Consolidated )
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | NAV (₹) | Borrowing |
| 31-Mar-20 | 449.65 | 653.15 | 12.33 | 2.21 | 8.93 | 248.48 |
| 31-Mar-21 | 512.48 | 695.90 | 23.08 | 4.01 | 11.19 | 295.33 |
| 31-Mar-22 | 587.96 | 851.65 | 68.16 | 11.30 | 15.60 | 294.05 |
Objective of IPO Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and one of the Material Subsidiaries, i.e. Avalon Technology and Services Private Limited (ATSPL)
- Funding the working capital requirements of the Company
- General corporate purposes
Avalon Technologies IPO Basic Details
| IPO Date | Apr 3, 2023 to Apr 6, 2023 |
| Listing Date | Tuesday, April 18, 2023 |
| Face Value | ₹2 per share |
| Price | ₹415 to ₹436 per share |
| Lot Size | 34 Shares |
| Issue Size | 19,839,450 shares (aggregating up to ₹865.00 Cr) |
| Fresh Issue | 7,339,450 shares (aggregating up to ₹320.00 Cr) |
| Offer for Sale | 12,500,000 shares of ₹2 (aggregating up to ₹545.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| QIB Shares Offered | 75% of the Offer |
| NII (HNI) Shares Offered | 15% of the Offer |
| Retail Shares Offered | 10% of the Offer |
| Company Promoters | Kunhamed Bicha And Bhaskar Srinivasan |
Avalon IPO Timetable
Avalon Technologies IPO will open on Apr 03, 2023 and close on Apr 06, 2023. You can join Avalon Technologies IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Apr 3, 2023 |
| Closing Date | Apr 6, 2023 |
| Basis of Allotment | Apr 12, 2023 |
| Initiation of Refunds | Apr 13, 2023 |
| Credit of Shares to Demat | Apr 17, 2023 |
| Listing Date | Apr 18, 2023 |
Avalon Technologies IPO Lot Size
For retail investors in Avalon Technologies IPO, 34 shares will come in 1 lot or the minimum investment will be ₹14,824. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹192,712.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 34 | ₹14,824 |
| Retail (Max) | 13 | 442 | ₹192,712 |
| S-HNI (Min) | 14 | 476 | ₹207,536 |
| S-HNI (Max) | 67 | 2,278 | ₹993,208 |
| B-HNI (Min) | 68 | 2,312 | ₹1,008,032 |
Avalon IPO Promoter Holding
| Pre Issue Share Holding | 70.75% |
| Post Issue Share Holding | 51.24% |
Avalon Technologies IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹11.30 per Equity Share |
| Price/Earning P/E Ratio | No Data |
| Return on Net Worth (RoNW) | 85.86% |
| Net Asset Value (NAV) | ₹15.60 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | No Data |
Avalon Technologies Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
| Avalon Technologies Limited | Consolidated | – | 2.00 | 11.30 | – | 85.86% | 15.60 | – |
| Peer Group | ||||||||
| Dixon Technologies Limited | Consolidated | 3,837.15 | 2.00 | 32.00 | 119.91 | 19.08% | 167.73 | 17.2 |
| Amber Enterprises Limited | Consolidated | 2,382.55 | 10.00 | 32.41 | 73.52 | 6.28% | 514.70 | 4.51 |
Avalon Technologies IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 13 April 2023 | ₹10 | – | – |
| 12 April 2023 | ₹9 | – | – |
| 11 April 2023 | ₹7 | – | – |
| 10 April 2023 | ₹9 | – | – |
| 9 April 2023 | ₹9 | – | – |
| 8 April 2023 | ₹11 | – | – |
| 7 April 2023 | ₹12 | – | – |
| 6 April 2023 | ₹12 | – | – |
| 5 April 2023 | ₹10 | – | – |
| 4 April 2023 | ₹10 | – | – |
| 3 April 2023 | ₹11 | – | – |
| 2 April 2023 | ₹12 | – | – |
| 1 April 2023 | ₹12 | – | – |
| 31 March 2023 | ₹11 | – | – |
| 30 March 2023 | ₹11 | – | – |
| 29 March 2023 | ₹22 | – | – |
| 28 March 2023 | ₹26 | – | – |
| 27 March 2023 | ₹0 | – | – |
| 26 March 2023 | ₹0 | – | – |
Avalon Technologies IPO Detail Video:
Avalon Technologies IPO Subscription Status (Bidding Detail)
The Avalon Technologies IPO on Apr 06, 2023 at 5:55:00 PM was subscribed 2.34 times, with the retail category being subscribed 0.88 times, the NII (Non-Institutional Investor) category being subscribed 0.43 times and the QIB (Qualified-Institutional Buyers) category being subscribed 3.77 times.
| Category | Subscription |
| QIB | 3.77x |
| NII | 0.43x |
| Retail | 0.88x |
| Total | 2.34x |
Avalon Technologies IPO Prospectus
Avalon Technologies IPO Rating
| Our Rating | 3.5.0/5.0 |
Avalon Technologies Compnay Contact Information
AVALON TECHNOLOGIES LIMITED
Registered and Corporate Office: B – 7, First Main Road, MEPZ,
Tambaram, Chennai – 600 045, Tamil Nadu, India
Tel: +91 44 42220 400
Contact Person: Dr. Rajesh V, Company Secretary, Compliance Officer and Legal Head
E-mail: investorsrelations@avalontec.com
Website: www.avalontec.com
Our Promoters: Kunhamed Bicha And Bhaskar Srinivasan
Corporate Identity Number: U30007TN1999PLC043479
Avalon Technologies IPO Registrar
Link Intime India Private Limited
Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West)
Mumbai 400 083 Maharashtra, India
Tel: + 91 22 4918 6200
E-mail: avalontec.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance E-mail: avalontec.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No: INR000004058
Avalon Technologies IPO Lead Manager
JM Financial Limited
Address: 7th Floor, Cnergy Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025, Maharashtra, India
Tel.: +91 22 6630 3030
E-mail: atl.ipo@jmfl.com
Investor Grievance E-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI Registration: INM000010361
DAM Capital Advisors Limited
Address: One BKC, Tower C, 15th Floor Unit No. 1511,
Bandra Kurla Complex Bandra (East), Mumbai – 400 051,
Maharashtra, India
Tel: +91 22 4202 2500
E-mail: avalon.ipo@damcapital.in
Investor grievance E-mail: complaint@damcapital.in
Website: www.damcapital.in
Contact person: Chandresh Sharma
SEBI Registration No: MB/INM000011336
IIFL Securities Limited
Address: 10th Floor, IIFL Centre Kamala City,
Senapati Bapat Marg Lower Parel (West)
Mumbai – 400 013 Maharashtra, India
Tel: +91 22 4646 4728
E-mail: avalon.ipo@iiflcap.com
Website: www.iiflcap.com
Investor Grievance E-mail: ig.ib@iiflcap.com
Contact person: Yogesh Malpani / Pawan Jain
SEBI Registration No: INM000010940
Nomura Financial Advisory and Securities (India) Private Limited
Address: Ceejay House, Level 11 Plot F, Shivsagar Estate,
Dr. Annie Besant Road, Worli, Mumbai 400 018
Maharashtra, India
Tel: +91 22 4037 4037
E-mail: avalontechnologiesipo@nomura.com
Investor grievance E-mail: investorgrievancesin@nomura.com
Website: www.nomuraholdings.com/company/group/asia/india/index.html
Contact person: Vishal Kanjani / Kshitij Thakur
SEBI Registration No: INM000011419
Avalon Technologies IPO FAQs
What is the lot size of Avalon Technologies IPO?
The total size of Avalon Technologies IPO is ₹865 crores out of which ₹320 crores is fresh issue and ₹545 crores is offer for sale (OFS).
When will Avalon Technologies IPO start?
Avalon Technologies IPO will Open from 03 April 2023 and IPO will Close on 06 April 2023.
What is the open date of Avalon Technologies IPO?
Avalon Technologies IPO will start from 03 April 2023.
What is the last date ( close date ) of Avalon Technologies IPO?
Avalon Technologies IPO will close from 06 April 2023.
What is the price band of Avalon Technologies IPO?
Avalon Technologies IPO price band is ₹415 to ₹436. ( Upper Price Band: ₹436, Lower Price Band: ₹415 )
What is the minimum amount required to apply for Avalon Technologies IPO?
The minimum investment for retailers to apply for Avalon Technologies IPO is ₹14,824 and the maximum investment is ₹192,712.
What is going on gray market premium of Avalon Technologies IPO?
View gray market premium of Avalon Technologies IPO by Clicking Here
How much is the GMP of Avalon Technologies IPO?
Watch Avalon Technologies IPO GMP Today: Click Here
What is the allotment date of Avalon Technologies IPO?
The allotment date of Avalon Technologies IPO is 12 April 2023.
How to check allotment status in Avalon Technologies IPO?
To check the allotment status of Avalon Technologies IPO, first of all go to the registrar website by clicking here, select your bad Avalon Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Avalon Technologies IPO?
The listing date of Avalon Technologies IPO is 18 April 2023.
How much will be the listing gain in Avalon Technologies IPO?
View listing gain of Avalon Technologies IPO by Clicking Here
How much time Avalon Technologies IPO is subscribed?
Total 1.70 times subscribed in Avalon Technologies IPO out of which 0.80 times subscription was done in retail quota, 0.41 times subscription in QIB quota and 2.63 times subscription in NII quota.
How to apply for Avalon Technologies IPO from Upstox?
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How to apply for Avalon Technologies IPO from Zerodha?
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How to apply for Avalon Technologies IPO from Angle One?
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