About
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:
- Repayment of all or a portion of certain outstanding borrowings availed by the company and one of its subsidiaries.
- Funding the working capital requirements.
- 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% |
IPO Schedule
| Issue Period | 3rd April to 6th April 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | 12th April 2023 |
| Initiation of Refunds | 13th April 2023 |
| Credit of Shares | 17th April 2023 |
| Date of Listing | 18th April 2023 |
| 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.