-- / 34 shares
IPO Details
Issue Date
--
Investment/lot
--
Price Range
436
Lot Size
34
IPO Size
₹ 865.00 Cr
IPO Listing Details
Listing On
18 Apr'23
Issue Price
--
Listed Price
₹ 436
Retail Gain/Listing Gain
▲0.00%
IPO Timeline
Company Background
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. Through a unique global delivery model, the company is able to provide a full stack product and solution suite to certain global original equipment manufacturers (OEMs), including OEMs located in the United States, China, Netherlands and Japan. This enables customers to achieve tangible benefits such as reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence. (Source: F&S Report)
Avalon Technologies has increased their key customer base over time, from 54 customers in Fiscal 2020, to 81 customers in Fiscal 2022, increasing their order book (open order) from ₹5,046.72 million as of March 31, 2020, to ₹8,578.69 million as of March 31, 2022.
Being a fully integrated EMS provider, Avalon Technologies have repeatedly been recognized with various awards including “Best Supplier Award for demonstrated sustained performance” from Collins Aerospace, Bengaluru in 2019 and “Supplier Excellence Award for Strategic Partnership” from Faiveley Transport Rail Technologies India Private Limited, a Wabtec Company in 2018.
Risk Factors
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Dependent on few customers for a portion of revenues
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Competitive pressures in the industry
Key Strategies
Here are a few strategies Avalon Technologies Limited has for its business:
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Sustaining and catering to high growth sunrise industry sectors such as clean energy and emerging communication technologies
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Consolidate and expand position in global markets for existing industry verticals
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Creating high growth opportunities for existing offerings
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Focus on expanding their local manufacturing presence in their largest markets, namely the United States and India by leveraging country specific government policy initiatives
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Continue to build on hybrid model of delivery leveraging access to high value market and low cost production base
Avalon Technologies Limited Financials
And finally here’s a look at key financials of Avalon Technologies Limited
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 58s
How to apply for an IPO using UPI ID
Kotak Securities
•01m 19s
Avalon Technologies Ltd IPO FAQs
When is Avalon Technologies Ltd IPO listing date?
Avalon Technologies Ltd will list on 2023-04-18.
What is the issue size of Avalon Technologies Ltd IPO?
865.00 is the issue size of Avalon Technologies Ltd IPO.
What is the price band of the Avalon Technologies Ltd IPO?
The price band of Avalon Technologies Ltd IPO is ₹436 to ₹0.
What is Avalon Technologies Limited IPO?
The Avalon Technologies Limited IPO has an issue size of Rs. 865 crores. The IPO opens for subscription on 3rd April and ends on 6th April.
Who is the Registrar of Avalon Technologies Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Avalon Technologies Limited business?
You can read more about Avalon Technologies Limited and its IPO from the company’s red herring prospectus (RHP) here: Avalon Technologies Limited RHP.
