Avalon Tech IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Avalon Tech

CMP

519.75

-1.00 (-0.19%)

  • DRHP
₹436

Offer Price

₹ 865.00 Cr

Issue Size

₹ 14,824

Min Investment

2.21x

Times Subscribed

34

Lot size

Time Line

  • 03
    Apr 2023
    Open
  • 06
    Apr 2023
    Close
  • 12
    Apr 2023
    Finalisation of Basis of Allotment
  • 13
    Apr 2023
    Initiation of Refunds
  • 17
    Apr 2023
    Transfer of Shares to Demat Account
  • 18
    Apr 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Sustaining and catering to high growth sunrise industry sectors such as clean energy and emerging communication technologies

  • Consolidate and expand its position in global markets for existing industry verticals

  • Creating high growth opportunities for its existing offerings

  • Focus on expanding its local manufacturing presence in its largest markets, namely the United States and India by leveraging country specific government policy initiatives

  • Continue to build on hybrid model of delivery leveraging access to high value market and low cost production base

Products & Services

  • The Company is one of the leading fully integrated electronic manufacturing services companies with end-to-end operations in delivering box build solutions in India.

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

Company Promoters

Promoters Holding

Issue For IPO
53.38%
Pre Holding

53.38%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2022 3-Yr trend
Revenue 690.47 (7.60%) 840.72 (21.80%) 85.86 (-)
Gross Profit 690.47 (7.60%) 840.72 (21.80%) 85.86 (-)
Net Income 690.47 (7.60%) 840.72 (21.80%) 85.86 (-)
Assets 690.47 (7.60%) 840.72 (21.80%) 85.86 (-)
Liabilities 690.47 (7.60%) 840.72 (21.80%) 85.86 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Avalon Technologies Ltd 840.72 63.16 415.41 289.43 85.86 3,955.10 5,459.67 2.66 0.67
Dixon Technologies (India) Ltd 10,697.08 190.17 4,277.17 4,277.17 19.07 32.00 168.04 4.44 0.46
Amber Enterprises India Ltd 4,206.40 109.19 4,912.46 4,912.46 6.29 32.41 526.17 2.22 0.59
Syrma SGS Technology Ltd 1,019.72 55.54 1,154.21 1,154.21 9.70 4.94 42.36 4.81 0.34
Kaynes Technology India Ltd 706.25 41.45 622.42 622.42 20.49 8.93 44.05 6.65 0.84

Book Running Managers

  • DAM Capital Advisors Ltd
  • IIFL Securities Ltd
  • Nomura Financial Advisory & Securities (I) Pvt Ltd
  • JM Financial Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

B-7 First Main Road MEPZ,
Tambaram,
Chennai - 600045
Phone : 91-44-42220400 Email : investorsrelations@avalontec.com www.avalontec.com

Offer Related Information

Initial public offering of 19,839,446*** equity shares of face value of Rs. 2 each ("Equity Shares") of Avalon Technologies Limited (The "Company" or the "Company" or the "Issuer") for cash at a price of Rs. 436 per equity share (including a share premium of Rs. 434 per equity share) (the "Offer Price") aggregating to Rs. 865.00 crores*** (the "Offer") comprising a fresh issue of 7,339,449*** equity shares by the company aggregating to Rs. 320.00*** crores (the "Fresh Issue") and an offer... More

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