Avalon Technologies IPO Date, Review, GMP

Avalon Technologies IPO will open on 03 April 2023 and close on 06 April 2023. The LOT size of this IPO is 34 shares.

Avalon Technologies IPO GMP Price

The GMP Price of Avalon Technologies IPO is Rs. -11 as per Market search.

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.

About Company

Avalon Technologies IPO will open on 03 April 2023 and will close on 06 April 2023. The price band is Rs. 415-436 per equity share and a lot of shares are 34. They are going to be listed on NSE BSE.

Avalon Technologies IPO Subscription Status (Live Data)

CategoryDay 1Day 2Day 3
QIB
NII
RII
Total
Avalon Technologies IPO Subscription Status

Avalon Technologies IPO Details

DescriptionAvalon Technologies IPO Details
Issue Size19,839,450 shares
(aggregating up to ₹865.00 Cr)
Issue Open  Date03 April 2023
Issue Close Date06 April 2023
IPO Price Band₹415 – ₹436
Face Value ₹2 per share
Market Lot 34 Shares
Minimum Order Quantity 34 Shares
Listing  NSE BSE
Avalon Technologies IPO Details

Avalon Technologies Financial Information (Restated)

Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-20449.65653.1512.33248.48
31-Mar-21512.48695.9023.08295.33
31-Mar-22587.96851.6568.16294.05
Avalon Technologies Financial Information (Restated)

Avalon Technologies IPO Important Dates

Offer start 03 April 2023
Offer end 06 April 2023
Allotment finalization 12 April 2023
Refund initiation  13 April 2023
Demat transfer 17 April 2023
Listing 18 April 2023
Avalon Technologies IPO Important Dates

Avalon Technologies IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)134₹14,824
Retail (Max)13442₹192,712
S-HNI (Min)14476₹207,536
B-HNI (Min)682312₹1,008,032

Company Promoters

The promoter of the Company is Mr. Kunhamed Bicha and Bhaskar Srinivasan.

Avalon Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: avalontec.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

Avalon Technologies Company Address

Avalon Technologies Limited
B – 7, First Main Road,
MEPZ, Tambaram,
Chennai – 600 045
Phone: +9144 42220 400
Email: investorsrelations@avalontec.com
Websitehttp://www.avalontec.com/

How to Apply Avalon Technologies IPO?

You can signup or login to Zerodha and apply there.

Also, Check the Upcoming IPO watch list

What is Avalon Technologies IPO?

Avalon Technologies IPO will open on 03 April 2023 and close on 06 April 2023.

When will Avalon Technologies IPO open?

Avalon Technologies IPO will open on 03 April 2023.

When will Avalon Technologies IPO close?

Avalon Technologies IPO will close on 06 April 2023.

What is the LOT size of Avalon Technologies IPO?

The LOT size of Avalon Technologies IPO is 34 shares.

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