Incorporated in 1999, 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.
Objects of the Issue with Infinium Pharmachem IPO
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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 Limited
(Amount in ₹ Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 449.65 | 653.15 | 12.33 | 248.48 |
| 31-Mar-21 | 512.48 | 695.90 | 23.08 | 295.33 |
| 31-Mar-22 | 587.96 | 851.65 | 68.16 | 294.05 |
Avalon Technologies IPO Details
| IPO Date | Apr 3, 2023 to Apr 6, 2023 |
| Face Value | ₹2 per share |
| Price | ₹415 to ₹436 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 19,839,450 shares (aggregating up to ₹865.00 Cr) |
| Fresh Issue | 7,339,450 shares (aggregating up to ₹320.00 Cr) |
| Offer for Sale | 12,500,000 shares of ₹2 (aggregating up to ₹545.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Avalon Technologies IPO Tentative Timetable
Infinium Pharmachem IPO opens on Mar 31, 2023, and closes on Apr 5, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Apr 3, 2023 |
| Closing Date | Apr 6, 2023 |
| Basis of Allotment | Apr 12, 2023 |
| Initiation of Refunds | Apr 13, 2023 |
| Credit of Shares to Demat | Apr 17, 2023 |
| Listing Date | Apr 18, 2023 |
Avalon Technologies IPO Lot Size
The Avalon Technologies IPO lot size is 34 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,824 |
| Retail (Max) | 13 | 442 | ₹192,712 |
| S-HNI (Min) | 14 | 476 | ₹207,536 |
| S-HNI (Max) | 67 | 2,278 | ₹993,208 |
| B-HNI (Min) | 68 | 2,312 | ₹1,008,032 |
Avalon Technologies IPO FAQs
What is Avalon Technologies IPO?
Avalon Technologies IPO is a main-board IPO of 19,839,450 equity shares of the face value of ₹2 aggregating up to ₹865.00 Crores. The issue is priced at ₹415 to ₹436 per share. The minimum order quantity is 34 Shares.
The IPO opens on Apr 3, 2023, and closes on Apr 6, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Avalon Technologies IPO will open?
The Avalon Technologies IPO opens on Apr 3, 2023 and closes on Apr 6, 2023.
What is the lot size of Avalon Technologies IPO?
Avalon Technologies IPO lot size is 34 Shares.
How to apply for Avalon Technologies IPO?
You can apply in Avalon Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Avalon Technologies IPO allotment?
The finalization of Basis of Allotment for Avalon Technologies IPO will be done on Apr 12, 2023, and the allotted shares will be credited to your demat account by Apr 17, 2023.
When is Avalon Technologies IPO listing date?
The date of Avalon Technologies IPO listing is Apr 18, 2023.