Last updated on April 19, 2023
Avalon Technologies IPO description – The company is one of the leading fully integrated Electronic Manufacturing Services (EMS) players in India. It provides a full stack product and solution suite, right from PCB design and assembly to the manufacture of Box Build, to certain global OEMs, including OEMs located in the United States, China, Netherlands and Japan.
It specializes in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components and enclosures for multiple industry verticals. The end-use industries it caters to include a mix of established and long product lifecycle industries, such as industrial, mobility and medical devices and high growth “sunrise” industries, such as solar, electric vehicles and hydrogen in the clean energy sector and digital infrastructure in the communications sector. The company has 12 manufacturing units located across the United States and India.
Some of its key customers include Kyosan India Private Limited, Zonar Systems Inc., Collins Aerospace, e-Infochips Private Limited, The US Malabar Company, Meggitt (Securaplane Technologies Inc) and Systech Corporation, with whom it has had relationships for more than seven years.
Promoters of Avalon Technologies – Kunhamed Bicha and Bhaskar Srinivasan
Avalon Technologies IPO Details
| Avalon Technologies IPO Dates | 3 – 6 April 2023 |
| Avalon Technologies IPO Price | INR 415 – 436 per share |
| Fresh issue | INR 320 crore |
| Offer For Sale | INR 545 crore |
| Total IPO size | INR 865 crore |
| Minimum bid (lot size) | 34 shares (INR 14,824) |
| Face Value | INR 2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Avalon Technologies Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 8M FY 2023 | |
| Revenue | 653.2 | 695.9 | 851.7 | 597.0 |
| Expenses | 637.9 | 667.1 | 785.2 | 549.6 |
| Net income | 12.3 | 23.1 | 68.2 | 34.2 |
| PAT Margin (%) | 1.89 | 3.3 | 8.0 | 5.7 |
Avalon Technologies Offer News
Avalon Technologies Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.21 | 4.01 | 11.30 |
| PE ratio | – | – | 36.73 – 38.58 |
| RONW (%) | 25.19 | 40.36 | 85.86 |
| NAV | 8.93 | 11.19 | 15.60 |
| ROCE (%) | 26.83 | 21.26 | 27.41 |
| EBITDA (%) | 11.60 | 9.58 | 10.05 |
| Debt/Equity | 5.89 | 5.28 | 3.64 |
Avalon Technologies IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 17 Apr 2023 | 10 | – | – |
| 15 Apr 2023 | 12 | – | – |
| 13 Apr 2023 | 12 | – | – |
| 12 Apr 2023 | 17 | – | – |
| 11 Apr 2023 | 20 | – | – |
| 10 Apr 2023 | 25 | – | – |
| 8 Apr 2023 | 25 | – | – |
| 6 Apr 2023 | 25 | – | – |
| 5 Apr 2023 | 25 | – | – |
| 3 Apr 2023 | 25 | – | – |
| 31 Mar 2023 | 25 | – | – |
| 30 Mar 2023 | 25 | – | – |
| 29 Mar 2023 | 30 | – | – |
| 27 Mar 2023 | 30 | – | – |
Avalon Technologies IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 62,53,012 | 31,26,505 | 20,84,337 | 1,14,63,854 |
| 6 Apr 2023 | 3.57 | 0.41 | 0.84 | 2.21 |
| 5 Apr 2023 | 0.00 | 0.05 | 0.45 | 0.09 |
| 3 Apr 2023 | 0.00 | 0.01 | 0.16 | 0.03 |
Avalon Technologies IPO Reviews – Subscribe or Avoid?
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Avalon Technologies Offer Registrar
Link Intime India Private Limited
C-101, 247 Park, 1st Floor
L.B.S. Marg, Vikhroli West Mumbai
400 083, Maharashtra, India
Phone: +91 22 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Avalon Technologies Contact Details
AVALON TECHNOLOGIES LIMITED
B – 7, First Main Road, MEPZ,
Tambaram, Chennai – 600 045
Tamil Nadu, India
Phone: +91 44 42220 400
E-mail: [email protected]
Website: www.avalontec.com
Avalon Technologies IPO Allotment Status
Avalon Technologies IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Avalon Technologies IPO Dates & Listing Performance
| Avalon Technologies IPO Opening Date | 3 April 2023 |
| Avalon Technologies IPO Closing Date | 6 April 2023 |
| Finalisation of Basis of Allotment | 12 April 2023 |
| Initiation of refunds | 13 April 2023 |
| Transfer of shares to demat accounts | 17 April 2023 |
| Avalon Technologies IPO Listing Date | 18 April 2023 |
| Opening Price on NSE | INR 436 per share (no change) |
| Closing Price on NSE | INR 398 per share (down 8.72%) |
Avalon Technologies IPO FAQs
How many shares in Avalon Technologies IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Avalon Technologies Public Offer?
The best way to apply for Avalon Technologies public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Avalon Technologies IPO GMP today?
Avalon Technologies IPO GMP today is INR 10 per share.
What is Avalon Technologies kostak rate today?
Avalon Technologies kostak rate today is INR NA per application.
What is Avalon Technologies Subject to Sauda rate today?
Avalon Technologies Subject to Sauda rate today is INR NA per application.
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