Avalon Technologies Limited IPO is set to launch on 3 April, 2023. The company initiated its business operations in the year 1999. The company is a fully integrated EMS (Electronic Manufacturing Services) company. They have an end to end capability in box build solutions in India which has a primary focus on high value precision engineered products. It is a leader in its own segment in terms of revenue in the year 2022.
It has a very unique global delivery model. Avalon Technologies offers a full stack product and solution suite. It starts with the PCB designing, assembly and manufacturing of electronic box build systems. The capability of the company extends to certain global OEMs which are located in the Netherlands, China, Japan and the United States.
The company offers PCB design and assembly, sheet metal fabrication, cable assembly and wire harness, magnetics, machining, end to end box build of electronic systems, injection moulded plastics etc.
Avalon Technologies Limited IPO DETAILS
Avalon Technologies Limited IPO is set to launch on 3 April, 2023. The subscription timeline extends till 6 April, 2023. The size for the IPO is 865 Crore Rs. Shares issued through fresh issue mode are worth 320 Crore Rs. Shares issued through offer for sale mode are worth Rs 545 Crore. The lot size is 34 shares and the price is 415 to 436 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.2 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Avalon Technologies Limited IPO
| IPO OPENING DATE | 3 April, 2023 |
| CLOSING DATE FOR IPO | 6 April, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 2 Rs. per share |
| IPO price band | 415 to 436 Rs per share |
| LOT SIZE | 34 shares |
| MINIMUM ORDER QUANTITY | 34 shares |
| ISSUE SIZE | 865 Crore Rs. |
| OFFER FOR SALE | 545 Crore Rs |
| FRESH ISSUE | 320 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 18 April, 2023 |
Avalon Technologies Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 3 April, 2023 |
| CLOSING DATE FOR IPO | 6 April, 2023 |
| IPO ALLOTMENT DATE | 12 April, 2023 |
| REFUNDS | 13 April, 2023 |
| DEMAT A/C CREDITED ON | 17 April, 2023 |
| IPO LISTING DATE | 18 April, 2023 |
Avalon Technologies Limited IPO begins for subscription from 3 April, 2023. The IPO subscription would continue till 6 April, 2023. The allotment status for the shareholders who applied would come on 12 April, 2023. The refunds for the ones who did not get allotment would be initiated on 13 April, 2023. The DEMAT accounts of shareholders would be credited on 17 April, 2023. The listing of the company would be accompanied on 18 April, 2023.
Avalon Technologies Limited IPO : Lead Managers
The lead managers are :
- DAM Capital Advisors Limited
- JM Financial Limited
- Nomura Financial Advisory and Securities India Limited
- IIFL Securities Limited
The minimum lot size for the company is decided at 34 shares. This holding accounts to 14824 Rs.. The maximum lot size is decided at 442 shares. This amounts to 192712 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 34 shares | 14824 Rs. |
| Maximum | 442 shares | 192712 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The money raised will be also utilised for the working capital requirements.
- The IPO money will be used to repay the borrowings of the firm
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 449 | 512 | 587 |
| Revenue | 653 | 696 | 851 |
| PAT | 12 | 23 | 68 |
Avalon Technologies Limited had an asset base of 449 Crore Rs in 2020. This increased to 512 Crore Rs in 2021 and 587 Crore Rs in 2022. The revenue of the firm was 653 Crore Rs in 2020 which increased to 696 Crore Rs in 2021 and 851 Crore Rs in 2022. The company has been profitable for the last 3 years. The profits are 12 Crore Rs for 2020, 23 Crore Rs for 2021 and 68 Crore Rs for 2022.
PROS
- They have an end to end capability in box build solutions in India which has a primary focus on high value precision engineered products. It is a leader in its own segment in terms of revenue in the year 2022.
- The company offers PCB design and assembly, sheet metal fabrication, cable assembly and wire harness, magnetics, machining, end to end box build of electronic systems, injection moulded plastics etc.
- It has a very unique global delivery model. Avalon Technologies offers a full stack product and solution suite. It starts with the PCB designing, assembly and manufacturing of electronic box build systems. The capability of the company extends to certain global OEMs which are located in the Netherlands, China, Japan and the United States.
CONS
- The profitability of the company is low compared to its revenue and asset base.
Avalon Technologies Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Avalon Technologies Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
