| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹865.00 Cr |
| Fresh Issue | ₹320.00 Cr |
| Offer for Sale | ₹545.00 Cr |
| Face Value | βΉ2 Per Equity Share |
| Price Band | βΉ415.00-436.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543896 |
| NSE Code | AVALON |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 34 shares and in multiples thereof
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 in terms of revenue in Fiscal 2022.
Through a unique global delivery model, Avalon offers 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 countries like China, Netherlands, United States, and Japan.
The offerings of Avalon Technologies Limited include PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection molded plastics, and end-to-end box build of electronic systems.
With its notable specialization in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components, and enclosures for multiple industry verticals, they help customers receive the best of services.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (βΉ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and one of our Material Subsidiaries, i.e. Avalon Technology and Services Private Limited (βATSPLβ); | 145.00 |
| 2 | Funding the working capital requirements of the Company; and | 90.00 |
| 3 | General corporate purposes | 64.40 |
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 587.96 | 512.48 | 449.65 |
| Total Income | 851.65 | 695.90 | 653.15 |
| Profit After Tax | 68.16 | 23.08 | 12.33 |
| Total Borrowing | 294.05 | 295.33 | 248.48 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 85.9% |
| ROCE | 27.4% |
| Debt / Equity | 3.64% |
| RoNW | 85.86% |
| PAT Margin | 8.00% |
| EBITDA Margin | 11.60% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (βΉ) | 11.30 | |
| P/E (x) | 55.54 | |
| Promoter Holding | 70.75% | 51.24% |
| Market Cap | βΉ2846.76 Cr. | |