IPO

Avalon Technologies Limited IPO

Mainboard

Other Electrical Equipment

Listed On: Apr 18, 2023 at ₹ 436.0(NSE)

₹ 14824 /34 Shares

Check Allotment

03 Apr, 2023

Open Date

06 Apr, 2023

Close Date

12 Apr, 2023

Allotment Date

18 Apr, 2023

Listing Date
Price Summary

Last Closing

878.00 (101.38%)

52 Week High

1,318.00

52 Week Low

598.00

Last Update

19-Dec-2025 3:30 PM
Avalon Technologies Limited IPO Issue Details
  • Issue Price ₹415-436 per equity share
  • Face Value ₹2 Per Equity Share
  • Issue Price 19,839,450 shares of ₹2 (aggregating up to ₹865.00 Cr)

    #Fresh Issue: 7,339,450 shares of ₹2 (aggregating up to ₹320.0 Cr)

    #Offer for Sale: 12,500,000 shares of ₹2 (aggregating up to ₹545.0 Cr)
  • Listing at BSE, NSE
  • List Price 436.0(NSE)
  • Listing Date 2023-04-18
  • Lead Manager JM Financial Limited
    DAM Capital Advisors Ltd
    IIFL Securities Ltd
    Nomura Financial Advisory And Securities (India) Pvt Ltd
  • Registrar Link Intime India Private Ltd
Avalon Technologies Limited IPO Details
  • Retail Portion 10% (Number of Retail Applications : 58,350 Approx),
    (Number of sHNI Applications : 2,084 Approx),
    (Number of bHNI Applications : 4,168 Approx)
Avalon Technologies Limited IPO Documents
DRHP
RHP
Avalon Technologies Limited IPO Details


The IPO of Avalon Technologies Limited is priced at ₹415-436 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Apr 3, 2023 and ends on Apr 6, 2023. The allotment for Avalon Technologies Limited IPO will be finalized on Apr 12, 2023. Avalon Technologies Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Apr 18, 2023. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are JM Financial Limited, DAM Capital Advisors Ltd, IIFL Securities Ltd, Nomura Financial Advisory And Securities (India) Pvt Ltd.


The Avalon Technologies Limited IPO sets its price band at 415-436 for each share. A single application for Avalon Technologies Limited IPO must contain at least 34 shares.

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Avalon Technologies Limited IPO Subscription Analysis And Details
Retail
0.84x
QIB
3.57x
NII
0.41x
bNII
0.42x
sNII
0.39x
Total
2.21x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 5,915,011 2,975,917
1,983,945    991,972 		1,983,944 10,844,186
Day 1 03-04-23 05:00 PM
0.00 x 0.01
0.01 x   0.02 x 		0.17 x 0.03 x
Day 2 05-04-23 05:00 PM
0.00 x 0.05
0.03 x   0.09 x 		0.48 x 0.10 x
Day 3 06-04-23 05:00 PM
3.57 x 0.41
0.42 x   0.39 x 		0.84 x 2.21 x
Avalon Technologies Limited Valuations
Earnings Per Share (EPS) ₹11.30/-
P/E Ratio N/A
RoNW 85.86%
Net Asset Value (NAV) - As on 31.03.22 ₹15.60
Avalon Technologies Limited Company Financials
In Crs.
In Cr.
31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets 587.96 512.48 449.65 N/A
Revenue 851.65 695.90 653.15 N/A
Profit After Tax 68.16 23.08 12.33 N/A
About Avalon Technologies Limited Company

Avalon Technologies Limited 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.

The offerings of Avalon Technologies Limited include 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.

With its notable specialization in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components, and enclosures for multiple industry verticals, they help customers receive the best of services.

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Avalon Technologies Limited - Promoter(s)

Kunhamed Bicha

Bhaskar Srinivasan

Pre Issue Share Holding : 70.75%

Post Issue Share Holding : 51.24%

Avalon Technologies Limited IPO - Issue Objectives
1

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)

2

Funding the working capital requirements of the Company

3

General corporate purposes.

Avalon Technologies Limited IPO - Anchor Investors

Avalon Technologies raises Rs 389.25 crore via anchor book ahead of IPO.

The marquee participants in the anchor book were Nomura Trust, Ashoka India Opportunities Fund, Goldman Sachs, Neuberger Berman Emerging Markets Equity Fund, HDFC MF, Aditya Birla Sun Life Insurance Company, HDFC Life Insurance Company, Whiteoak Capital, Mahindra Manulife Mutual Fund, Oaks Emerging Umbrella Fund Plc, and Principal Funds Inc.