Open Date

03 Apr 2023

06 Apr 2023


Rs. 865.00 Cr

Close Date

Lot Size

IPO Size

Listing At


Listing Date

18 Apr 2023

Price Range

₹ 415 to ₹ 436 per share

Avalon Technologies is one of the leading fully integrated Electronic Manufacturing Services (“EMS”) companies with end-to-end operations in delivering box build solutions in India in terms of revenue in Fiscal 2022, with a focus on high value precision engineered products. 

Objective of the Avalon Technologies IPO:  The net proceeds from the issue will be used for: •    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) •    Funding the working capital requirements •    General corporate purposes

The IPO comprises of fresh issue of 7,339,450 equity shares and an offer for sale of 12,500,000 equity shares which aggregates the issue size to Rs. 865 cr.

Avalon Technologies IPO is promoted by Kunhamed Bicha and Bhaskar Srinivasan.

The allotment date of Avalon Technologies IPO  is set for 12th April

JM Financial, DAM Capital Advisors, IIFL Securities, Nomura Financial Advisory and Securities are the lead book managers to the issue.