How to check the Avalon Technologies Limited IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Avalon Technologies Ltd IPO allotment status:
About Avalon Technologies Limited IPO
Incorporated in 1999, Avalon Technologies is one of the leading electronic component manufacturers. It focuses on designing and manufacturing complete electronic systems, printed circuit boards (PCB), sheet metal fabrication and many others products.
Over the years, the company has diversified its product offerings which has helped it to gain clients across industries. As on 30th November, 2022, its order book stood at ₹1,190 crore. Meanwhile, the company has 12 manufacturing units located across the United States and India. Each unit integrates manufacturing, warehousing and logistics to support its global delivery model.
According to an industry report, electronic manufacturing services (EMS) is expected to reach a market size of $60 billion by 2026 in India, a CAGR growth of over 32%. Besides this, the company has unique competitive advantages in Indian markets like financial incentives under the production linked incentive (PLI) scheme, low-cost labour and Make In India initiatives.
Avalon Technologies IPO will combine a fresh issue and an offer for sale. The money raised through the fresh issue will be utilised to repay all or portion of the outstanding borrowings of the company and its subsidiaries. Funding the working capital requirement and for general corporate purposes.
Here are key details about the Avalon Technologies IPO:
*First eight months (April to November) of FY23
Here’s a quick look at Avalon Technologies Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
Avalon Technologies Limited IPO details
| Avalon Technologies Limited IPO date
The offer document filed by the company with the SEBI mentions that the Avalon Technologies IPO’s opening date – in other words, the Avalon Technologies IPO launch date – will be 3rd April 2023. The Avalon Technologies IPO closing date is 6th April 2023. After this, investors will be updated about the allotment status on 12 April 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 17 April 2023. The Avalon Technologies IPO listing date is 18 April 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Avalon Technologies Limited IPO Price Band
The entire IPO is a book-built issue. The Avalon Technologies IPO price band has been set between ₹415 and ₹436 per share. Interested investors can choose a price within this band to apply for the IPO.
The Avalon Technologies IPO listing price will be determined on 18 April 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| Avalon Technologies Limited IPO Lot size
The Avalon Technologies IPO details have been declared. The Avalon Technologies IPO lot size is set at 34 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Avalon Technologies IPO issue size is approx ₹865 crore.
How to apply for the Avalon Technologies Limited IPO?
If you are interested in this investment opportunity but unsure how to apply for the Avalon Technologies IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Avalon Technologies Ltd IPO on Upstox:
Open a demat account with Upstox to apply for the Avalon Technologies Limited IPO
To apply for the Avalon Technologies Ltd IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Avalon Technologies Limited IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Avalon Technologies IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, because of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
You can apply on Upstox’s website and app once the Avalon Technologies IPO opens for the subscription.
The Avalon Technologies IPO launch date is 3rd April 2023. The Avalon Technologies IPO will be open for subscription till 6th April 2023.
The Avalon Technologies lot size is 34 shares and the minimum investment required is ₹14,110.
The Avalon Technologies IPO price band is ₹415 – ₹436 per share.
The size of the Avalon Technologies IPO is approx. ₹865 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add a bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 17th April 2023.
Avalon Technologies shares will list on NSE and BSE
Avalon Technologies shares’ listing date is 18th April 2023.