Everything you need to know about the Avalon Technologies Limited IPO

Incorporated in 1999, Avalon Technologies Limited is one of the leading fully integrated Electronic Manufacturing Services (EMS) companies. It provides products and solutions such as the design and manufacturing of Printed Circuit Boards (PCBs) and the manufacturing of complete electronic systems to Original Equipment Manufacturers (OEMs) across the United States, China, Netherlands, and Japan amongst others.

Objects of the issue:

  1. Repayment of all or a portion of certain outstanding borrowings availed by the company and one of its subsidiaries.
  2. Funding the working capital requirements.
  3. General corporate purposes.

The public offer of Avalon Technologies comprises a fresh issue of equity shares aggregating up to Rs. 320 crores and an offer for sale of equity shares worth Rs. 545 crores from existing shareholders.

Financial Snapshot

Financial Year Total Assets (₹ crores) Total Revenue (₹ crores) Profit After Tax (₹ crores) EBITDA (₹ crores) ROCE
March 31, 2020 449.65 653.15 12.33 64.48 26.83%
March 31, 2021 512.48 695.90 23.08 66.14 21.26%
March 31, 2022 587.96 851.65 68.16 97.55 27.41%
As of November 30, 2021 540.26 543.72 42.30 58.29 15.96%
As of November 20, 2022 703.04 596.98 34.19 68.06 17.58%

For more information on the company, you can check the IPO prospectus filed by the company;

Important information regarding the IPO

Issue Period 3rd April to 6th April 2023
Price Band ₹ 415 - 436
Minimum Bid Quantity 34 and multiples thereof
Face Value ₹ 2
Number of Shares 19,839,450 shares
Issue size ₹ 865 Cr
Date of Allotment 12th April 2023
Initiation of Refund 13th April 2023
Credit of shares 17th April
Date of Listing 18th April
Mandate end date 21st April 2023
Anchor Investors Lock-in End Date 6th May 2023

How do I apply to the Avalon Technologies Limited IPO?

You can apply for the Avalon Technologies Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Avalon Technologies Limited IPO?

You can check the allotment status for the Avalon Technologies Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.

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