Avalon Technologies Limited

Avalon Technologies Limited

Avalon Technologies Limited
listed
₹14,110Min. investment
  1. Bid start
    3 Apr
  2. Bid end
    6 Apr
  3. Allotment
    5 Apr
  4. Release of funds
    13 Apr
  5. Demat transfer
    12 Apr
  6. Listing
    18 Apr

About Avalon Technologies Limited

Price range₹415 – ₹436
IPO type
Regular
Lot size34 shares
Issue size₹865Cr
RHP/DRHP
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Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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:
  1. Login to your Upstox account, using your six-digit PIN
  2. After logging in, click on ‘Discover’
  3. On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your Avalon Technologies IPO allotment status will be mentioned

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:
Company NameAvalon Technologies Limited Company TypePrivate
Founders NameKunhamed Bicha,T.P ImbichammedAvalon Technologies Limited IPO Price band₹415 – ₹436
  Financial snapshot
ParticularsFY 20FY 21FY 228M FY 23*
Revenue₹ 641 crore₹ 690 crore₹ 840 crore₹ 584 crore
Net Profit₹ 12 crore₹ 23 crore₹ 68 crore₹ 34 crore
  • 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

  1. Since its inception, Avalon Technologies has diversified its product offerings. It offers one-stop solutions for designing and manufacturing electronic components. 
  2. The company’s orderbook also increased consistently from ₹ 504 crore in FY20 to ₹ 1,190 crore in FY22.
  3. Between FY20 to FY22, the company's total income increased from ₹ 653 to ₹ 851 crore, a CAGR growth of over 14%. Meanwhile, its net profit increased by over 135% to ₹ 68 crore during the same period.   
  4. Government initiatives like the PLI scheme and Make in India are proving to be beneficial for the business.

Risks and threats

  1. The company heavily depends on a few customers for most of its revenue. For FY22, it earned over 64% of the revenues from its top ten customers.
  2. The company operates in a highly competitive segment. Any rapid technological changes or inability to compete could impact business. 
  3. The company earns a significant portion of its revenue from exports. Hence, any foreign exchange fluctuation could impact the company’s earnings and profitability.

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:
  1. Log in to your Upstox account, using your six-digit PIN
  2. After logging in, click on ‘Discover’
  3. On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Avalon Technologies IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

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:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details 
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque and your bank statement as needed
  4. Complete the e-verification using the OTP sent to your registered mobile number
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.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Avalon Technologies Limited ?

The issue size of the Avalon Technologies Limited is 865 Cr.

What is 'pre-apply' for Avalon Technologies Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Avalon Technologies Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.