About Company
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 regarding revenue in Fiscal 2022.
Avalon caters to global OEM companies in China, the USA, the Netherlands, and Japan. Through a developed global delivery system, Avalon offers a full-stack product and solution suite, complete with printed circuit board (PCB) design and assembly to manufacture complete electronic systems. Specialized services from Avalon Technologies include manufacturing and design support for critical integrated assemblies, sub-assemblies, components, and enclosures for multiple industry verticals.
Avalon Technologies IPO Details:
Avalon Technologies IPO is a combination of fresh issues and offer-for-sale equities. The offer’s bidding window will open on April 06. 2023.
Avalon will raise a fund of Rs. 865 crores from 7,339,450 fresh equities worth Rs. 320 crores and 12,500,000 offer-for-sale shares close to a value of Rs. 545 crores. The issue price band is set at Rs. 415-436.
Retail investors are allotted >10% of the total issue size.
One lot of the issue will contain 34 shares. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots.
| Bidding Dates 03 Apr ’23 – 06 Apr ’23 | Price Range ₹415-₹436 |
| Minimum Investment ₹14,824 / 1 Lots ( 34 Shares ) | Maximum Investment ₹192,712 / 13 Lots ( 442 Shares ) |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Issue Size ₹865 Cr |
Avalon Technologies IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date Apr 3, 2023 | IPO Closing Date Apr 6, 2023 |
| Basis of Allotment Apr 12, 2023 | Initiation of Refunds Apr 13, 2023 |
| Credit of Shares to Demat Account Apr 17, 2023 | IPO Listing Date Apr 18, 2023 |
Avalon Technologies IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Apr 3, 2023 | 0.00 | 0.01 | 0.17 | 0.03 |
| Day 2 Apr 5, 2023 | 0.00 | 0.05 | 0.47 | 0.10 |
| Day 3 Apr 6, 2023 | 3.77 | 0.43 | 0.88 | 2.34 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 3.77 |
| Non-Institutional Buyers | 0.43 |
| Retail Investors | 0.88 |
| Employees | [.] |
| Other | [.] |
| Total | 2.34 |
Avalon Technologies Ltd. IPO Objective
- Prepayment/repayment of certain borrowings by the company and its material subsidiary.
- Funding the working capital requirements and general corporate purposes.
Should you invest in Avalon Technologies Ltd.?
These are the top reasons to consider investing in Avalon Technologies Limited.
- Avalon is a leading fully-integrated box-building solution provider to global OEM players.
- The company has developed robust manufacturing capabilities to deliver quality products on time and supply chain efficiencies.
- It is the only Indian OEM company with full-fledged manufacturing units in the USA. Avalon Technologies has 12 manufacturing units located in the USA and India.
Avalon Technologies Ltd. Noteworthy highlights
- The company increased its customer base from 54 in Fiscal 2020 to 81 in Fiscal 2022.
- The total income of Avalon Technologies has increased at a CAGR of 14.19% from 2020 to 2022.
- The Indian EMS market is expected to grow at 32.3% CAGR between 2022 and 2026, and Avalon, as a key player, stands to gain from the growth.
Avalon Technologies Ltd Company Financials
| Particulars | Year ending on March 31, 2022 (₹ Lakh) | Total Year ending on March 31, 2021 (₹ Lakh) | Profit After Tax Total Year ending on March 31, 2020 (₹ Lakh) |
|---|---|---|---|
| Revenue from Operations | 8,407.18 | 6,904.71 | 6,418.67 |
| Profit After Tax (PAT) (consolidated) | 681.64 | 230.82 | 123.26 |
| PAT Margin | 8.00% | 3.32% | 1.89% |
| EBITDA | 975.48 | 661.43 | 644.79 |
| EBITDA % | 11.60% | 9.58% | 10.05% |
| Period Ended | As at March 31, 2022 (₹ lakh) | As at March 31, 2021 (₹ lakh) | As at March 31, 2020 (₹ lakh) |
| Current Asset | 4,502.86 | 3,796.11 | 3,126.58 |
| Current Liabilities | 3990.14 | 3,791.67 | 3669.90 |
Know before investing
Strengths
- Avalon is one of the leading players in the Indian EMS domain, with a global footprint.
- It’s a one-stop shop for electronics and electro-mechanical design and manufacturing services for its clients.
- The company has won many awards for service excellence.
Risks
- Supply interruption and changes in raw material prices will impact the company’s profitability.
- Any disruption in the company’s manufacturing units can adversely affect future profitability.
- Changing client preferences can impact the company’s performance and cash flow.
Please Click Here To Apply For Avalon Technologies IPO
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