Avalon Technologies IPO Date, Review, Price, Allotment, Analysis

Avalon Technologies IPO Details: Avalon Technologies IPO date is fixed, the IPO is to hit the market on April 3, 2023 and will close on April 6, 2023. Avalon Technologies IPO to raise around ₹865 crores via IPO that comprises fresh issue of ₹320 crores and offer for sale up to ₹545 crores of ₹2 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.,

Avalon Technologies IPO

Table of Contents

Avalon Technologies Limited is one of the leading Vertically-Integrated Electronic Manufacturing Services (“EMS”) companies with a Global Manufacturing footprint with 1900+ employees as on 31st March 2022. Avalon is one of the leaders in he segment in India in terms of revenue in Fiscal 2022.

Avalon Technologies offer PCB Design, Sourcing, PCB Assembly, Prototyping, and Testing for highly reliable electronics circuit card. Avalon Technologies also offer Box build and System Integration services. Avalon supplies components such as precision mechanical parts, plastics parts, sheet metal parts, coils, transformers, cables, and harnesses for meeting internal requirements during Box Build, System Integration, and Product Integration. Avalon Technologies also sell these parts separately to customers. They offer their services to industries like Medical, Telecommunication, Railways, Power, Aerospace & Defense, and Industrial for the design and manufacturing of their products.

Objects 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.

Avalon Technologies IPO Review (Apply or Not)

  • May Apply

Brokerage Firm IPO Review

  • Canara Bank: Apply
  • Choice Equity: Apply
  • Jainam Broking: May Apply
  • Reliance Securities: Apply

Avalon Technologies IPO Date & Price Band Details

IPO Open:April 3, 2023
IPO Close:April 6, 2023
IPO Size:Approx ₹865 Crores
Fresh Issue:Approx ₹320 Crores
Offer for Sale:Approx ₹545 Crores
Face Value:₹2 Per Equity Share
IPO Price Band:₹415 to ₹436 Per Share
IPO Listing on:BSE & NSE
Retail Quota:10%
QIB Quota:75%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Avalon Technologies IPO Market Lot

The Avalon Technologies IPO minimum market lot is 34 shares with ₹14,824 application amount. The retail investors can apply up-to 13 lots with 442 shares or ₹192,712 amount.

ApplicationLot SizeSharesAmount
Retail Minimum134₹14,824
Retail Maximum13442₹192,712
S-HNI Minimum14476₹207,536
B-HNI Minimum682312₹1,008,032

Avalon Technologies IPO Allotment & Listing Dates

The Avalon Technologies IPO date is April 3 and the close date is April 6. The Avalon Technologies IPO allotment will be finalized on April 12 and the IPO listing on April 18.

Price Band Announcement:March 28, 2023
Anchor Investors Allotment:March 31, 2023
IPO Open Date:April 3, 2023
IPO Close Date:April 6, 2023
Basis of Allotment:April 12, 2023
Refunds:April 13, 2023
Credit to Demat Account:April 17, 2023
IPO Listing Date:April 18, 2023

Avalon Technologies IPO Promoter Holding

  • Pre Issue Share Holding: 75.02%
  • Post Issue Share Holding

You can check IPO subscription status and IPO allotment status on their respective pages.

Avalon Technologies IPO Form

How to apply for the Avalon Technologies IPO? You can apply for Avalon Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Avalon Technologies IPO in the Invest section. The other option is you can apply for Avalon Technologies IPO via IPO forms downloaded via NSE and BSE. Check out the Avalon Technologies forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Avalon Technologies Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2020₹653₹638₹12.33
2021₹696₹667₹23.08
2022₹852₹785₹68.16

Avalon Technologies IPO Valuation – FY2022

Check Avalon Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹11.30 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):85.86%
Net Asset Value (NAV):₹15.60 per Equity Share

Peer Group

  • Dixon Technologies Limited
  • Amber Enterprises Limited

Company Promoters

  • Kunhamed Bicha
  • Bhaskar Srinivasan

Avalon Technologies IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Avalon Technologies IPO Allotment Status Check

Check Avalon Technologies IPO allotment status on Linkintime website allotment URL. Click Here

Avalon Technologies IPO Lead Managers

  • JM Financial Limited
  • DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
  • IIFL Securities Ltd
  • Nomura Financial Advisory And Securities (India) Pvt Ltd

Company Address

Avalon Technologies Limited
B – 7, First Main Road,
MEPZ, Tambaram,
Chennai – 600 045
Phone: +9144 42220 400
Email: [email protected]
Website: http://www.avalontec.com/

Avalon Technologies IPO FAQs

What is Avalon Technologies IPO?

Avalon Technologies IPO is a main-board IPO. They are going to raise ₹865 Crores via IPO. The issue is priced at ₹415 to ₹436 pr equity share. The IPO is to be listed on BSE & NSE.

When Avalon Technologies IPO will open?

The IPO is to open on April 3, 2023 for QIB, NII, and Retail Investors.

What is Avalon Technologies IPO Investors Portion?

The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.

How to Apply the Avalon Technologies IPO?

You can apply for Avalon Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Avalon Technologies IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Avalon Technologies”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Avalon Technologies IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Avalon Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Avalon Technologies IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Avalon Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Avalon Technologies IPO Size?

Avalon Technologies IPO size is ₹865 crores.

What is Avalon Technologies IPO Price Band?

Avalon Technologies IPO Price Band is ₹415 to ₹436.

What is Avalon Technologies IPO Minimum and Maximum Lot Size?

The minimum bid is 34 Shares with ₹14,824 amount while the maximum bid is 442 shares with ₹192,712.

What is the Avalon Technologies IPO Allotment Date?

Avalon Technologies IPO allotment date is April 12, 2023.

What is the Avalon Technologies IPO Listing Date?

Avalon Technologies IPO listing date is April 18, 2023. The IPO is to list on BSE and NSE.

Note: The Avalon Technologies IPO price band and date are not officially announced yet. The IPO grey market premium (Avalon Technologies IPO Premium) will be added to the IPO grey market page as it will start).

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