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Avalon Technologies IPO Details 2023

IPO Status: Listed [3rd Apr 2023 to 6th Apr 2023]

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Avalon Technologies IPO Detail

Avalon Technologies Limited offers a IPO issue size worth up to Rs 1025.00 Cr. The subscription for this IPO is opening from 03 Apr 2023 to 06 Apr 2023. The face value of the equity share is Rs 2 per share and the issue price band for this IPO is ranging from Rs 415 to Rs 436 per share along with the lot size of 34 shares and its multiples.

Stay updated with us to know more about the Avalon Technologies Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.

Avalon Technologies IPO Details

IPO Issue Opening Date: 3rd Apr 2023
IPO Issue Closing Date: 6th Apr 2023
IPO Issue Price: ₹415-436 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: Not more than 10% of the Offer
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹865.00 Cr
Offer for Sale: ₹545.00 Cr
Fresh Issue: ₹320.00 Cr
Face Value: ₹2 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 70.75%
Promoter Holding Post IPO: 51.24%
Allotment Status: Allotment Status
BSE Code: 543896


Avalon Technologies IPO Important Dates

In this section we have covered all important dates related to Avalon Technologies IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Avalon Technologies IPO important dates
IPO Activity Date
Basis of Allotment Date* 12th Apr 2023
Refunds Initiation* 13th Apr 2023
Credit of Shares to Demat* 17th Apr 2023
IPO Listing Date* 18th Apr 2023

* - Tentative Dates

Avalon Technologies IPO Lots

IPO Activity Date
Issue Price ₹415-436
Market Lot: 34 Shares
1 Lot Amount: ₹14824
Min Small HNI Lots(2-10 Lakh): 476 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 2312 shares (68 lots)
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  • About Company - Avalon Technologies

    This Company was incorporated as Avalon Technologies Private Limited in Nov 1999 in Chennai. They are one of the leading fully integrated Electronic Manufacturing Services ("EMS") companies with end-to-end capabilities in delivering box build solutions in India in terms of revenue in Fiscal 2022. Through a unique global delivery model, they provide 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 the United States, China, Netherlands and Japan.

    Avalon Technologies' capabilities include PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection moulded plastics and end-to-end box build of electronic systems. They specialize in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components and enclosures for multiple industry verticals. The end-user industries they cater to include a mix of established and long product lifecycle industries, such as industrial, mobility and medical devices and high growth industries, such as solar, electric vehicles and hydrogen in the clean energy sector and digital infrastructure in the communications sector.

    Its operations are enhanced by its 209-member strong product engineering teams, as of June 30, 2022, who have backgrounds in multiple engineering disciplines, including electrical and electronics, mechanical, aeronautical, plastics engineering and mechatronics, among others. They believe their engineering capabilities will enable us to offer customers innovative EMS solutions, and provide technological solutions to increase operational and cost efficiencies.

    Avalon Technologies IPO Strengths

    • End-to-end integrated solutions, providing a "One Stop Shop" for electronics and electro-mechanical design and manufacturing services
    • High entry barriers to business through its collective cross-industry experience, customer engagement capabilities and leading position in the high mix flexible volume product manufacturing segment
    • Well-diversified business leading to strong growth avenues
    • Established relationships with marquee customer base
    • Global delivery footprint with high quality standards and advanced manufacturing and assembly capabilities
    • Strong financial performance, stable cash flows and visible growth profile
    • Strong financial performance, stable cash flows and visible growth profile
    Incorporation Sector IPO Issue Size Website
    1999 Electronics Manufacturing ₹865.00 Cr

    Avalon Technologies IPO Objective

    The Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. 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);
    2. Funding the working capital requirements of the Company;
    3. General corporate purposes.

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    Avalon Technologies IPO Live Subscription (NSE + BSE)

    The table below is live update of IPO bidding details from NSE and BSE.

    • Qualified Institutional Buyers: 5,915,011 Shares
    • Non-Institutional Investors: 2,975,917 Shares
    • Retail Individual Investor: 1,983,944 Shares
    IPO Bidding Live Updates from BSE + NSE
    Day QIBNIIRIITotal
     # of Shares Offered5,915,011 (54.55%)2,975,917 (27.44%)1,983,944 (18.3%)10,844,186
    13rd Apr 2023 17:260.00x0.01x0.17x0.03x
    25th Apr 2023 19:040.00x0.05x0.48x0.10x
    36th Apr 2023 19:043.77x0.43x0.88x2.34x

    Avalon Technologies Financials for past 3 Years

    Past performance and financial results of Avalon Technologies.

    Avalon Technologies Limited Financial Information (Restated Consolidated)
    Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
    Amount in ? Crore

    Company Address

    Avalon Technologies Limited
    B – 7, First Main Road, MEPZ, Tambaram
    Chennai,Tamil Nadu-600045
    Phone: +9144 42220 400
    Email: [email protected]

    Avalon Technologies IPO Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Phone: +91-22-4918 6270
    Email: [email protected]

    Avalon Technologies IPO Lead Manager

    1. Jm Financial Limited
    2. Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
    3. Iifl Securities Ltd
    4. Nomura Financial Advisory And Securities (India) Pvt Ltd
    Avalon Technologies IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Avalon Technologies? Should I apply in Avalon Technologies IPO?

    Last Updated on 2023-04-26T16:04:46+00:00


    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Avalon Technologies IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Avalon Technologies IPO with Zerodha.

    Alternate approch to apply in Avalon Technologies IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Avalon Technologies IPO Review and Important Updates

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    Apply in Avalon Technologies IPO online

    To subscribe or apply in Avalon Technologies IPO, you can use the following methods:

    Avalon Technologies IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Avalon Technologies IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Avalon Technologies IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Avalon Technologies IPO. Most of the Syndicate Banks provide access to apply in Avalon Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Avalon Technologies IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Avalon Technologies IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Avalon Technologies IPO Review and Important Updates

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    Applying in Avalon Technologies IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Avalon Technologies IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Avalon Technologies IPO, please refer article >> Link

    Avalon Technologies IPO Review and Important Updates

    Steps to download the online application form for Avalon Technologies IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 34 and max 442 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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    Avalon Technologies IPO is going to be list on 18-04-2023. NSE Code for Avalon Technologies is AVALON. BSE Code for Avalon Technologies is 543896.

    Other relevant questions:

    When Avalon Technologies IPO will be listing? Avalon Technologies IPO NSE listing date?Avalon Technologies IPO date of listing.Avalon Technologies IPO BSE listing date?


    Avalon Technologies IPO Allotment Date is 12-04-2023.

    Other relevant questions:

    Avalon Technologies IPO share allotment date?Avalon Technologies IPO allotment date?


    User Reviews

    5. Jakkula phaneendra nath Mar 24 2023 02:30:08 AM Reply
    Avalon Technologies IPO expected listing gain.
    4. NIKITA MOURYA  Mar 24 2023 02:30:08 AM Reply
    Please confirm Avalon Technologies IPO GMP (grey market premium) and kostak.
    3. NAVEEN PRABHU Mar 24 2023 02:30:08 AM Reply
    Avalon Technologies IPO good or bad.
    2. Arulkumar S Mar 24 2023 02:30:08 AM Reply
    Avalon Technologies IPO whether to invest or not.
    1. Neal Mar 24 2023 02:30:08 AM Reply
    Avalon Technologies IPO - CRISIL Rating, Apply or not?.