Avalon Technologies Limited Incorporated in 1999, 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.
Avalon Technologies Limited IPO IPO Timetable
| Particular | Date |
| IPO Open Date | 03 Apr 2023 |
| IPO Close Date | 06 Apr 2023 |
| Allotment Date | 12 Apr 2023 |
| IPO Listing Date | 18 Apr 2023 |
Avalon Technologies Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 415 to Rs. 436 Per Equity Share |
| Market Lot | 34 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 865 Crore. |
Avalon Technologies Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 34 | Rs. 14824 |
| Maximum | 13 | 442 | Rs. 192712 |
| Small HNI (Minimum) | 14 | 476 | Rs. 207536 |
| Big HNI (Minimum) | 68 | 2312 | Rs. 1008032 |
Avalon Technologies Limited IPO Details Allotment Status
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Company Financials:
| Particular | 31 March 2022 | 31 March 2021 | 31 March 2020 |
| Total Assets | 587.96 | 512.48 | 449.65 |
| Total Revenue | 851.65 | 695.90 | 653.15 |
| Profit After Tax | 68.16 | 23.08 | 12.33 |
Company Promoters:
Kunhamed Bicha and Bhaskar Srinivasan are the promoters of the company.
Purpose of the 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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Avalon Technologies Limited B – 7, First Main Road, MEPZ, Tambaram, Chennai – 600 045 Phone: +9144 42220 400 Email: investorsrelations@avalontec.com Website: http://www.avalontec.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: Divgi.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
