Avalon Technologies Limited IPO (Avalon Technologies IPO) Detail

 

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.

With its notable specialization in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components, and enclosures for multiple industry verticals, they help customers receive the best of services.

Avalon Technologies IPO Details

Avalon Technologies IPO is a Book Built Issue. The IPO total issue size is Rs 865.00 Cr. The Avalon Technologies IPO price is ₹415 to ₹436 per share. The IPO will list on BSE, NSE.

IPO Date	Apr 3, 2023 to Apr 6, 2023
Listing Date	Apr 18, 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 Reservation

Avalon Technologies IPO a total of 19,771,937 shares are offered. QIB: 5,915,011 (29.92%), RII: 1,983,944 (10.03%), NII: 2,975,917 (15.05%).

Anchor Investor Shares Offered	8,927,751 (45.15%)
QIB Shares Offered	5,915,011 (29.92%)
NII (HNI) Shares Offered	2,975,917 (15.05%)
Retail Shares Offered	1,983,944 (10.03%)
Total Shares Offered	19,771,937 (100%)

Avalon Technologies IPO Anchor Investors Details

Avalon Technologies IPO raises Rs 389.25 crore from anchor investors. Avalon Technologies IPO Anchor bid date is Mar 31, 2023. 

Bid Date	Mar 31, 2023
Shares Offered	8,927,751
Anchor Portion Size (In Cr.)	389.25
Anchor lock-in period end date for 50% shares (30 Days)	May 26, 2023
Anchor lock-in period end date for remaining shares (90 Days)	Aug 22, 2023

Avalon Technologies IPO Timetable (Tentative)

Avalon Technologies IPO opens on Apr 3, 2023, and closes on Apr 6, 2023.

IPO Open Date	Monday, 3 April 2023
IPO Close Date	Thursday, 6 April 2023
Basis of Allotment	Wednesday, 12 April 2023
Initiation of Refunds	Thursday, 13 April 2023
Credit of Shares to Demat	Monday, 17 April 2023
Listing Date	Tuesday, 18 April 2023
Cut-off time for UPI mandate confirmation	5 PM on Apr 6, 2023

Avalon Technologies IPO Lot Size

The minimum lot size of this Avalon Technologies IPO is 34 shares required is ₹14,824.

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 Promoter Holding

Kunhamed Bicha and Bhaskar Srinivasan are the promoters of the company.

Pre Issue Share Holding	70.75%
Post Issue Share Holding	51.24%

Company Financials

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
Amount in ₹ Crore

Performance Indicator

Avalon Technologies IPO Market Cap is Rs 2846.76 Cr and P/E (x) is 55.54.

KPI	Values
P/E (x)	55.54
Market Cap (₹ Cr.)	2846.76
ROE	85.90%
ROCE	27.40%
Debt/Equity	3.64