Avalon Technologies IPO: Check IPO Details, Date, Price | Espresso


Avalon Technologies Limited to Open on April 03. Check IPO Details, Issue Date, Price

March 29, 2023
Avalon Technologies Limited to Open on April 03. Check IPO Details, Issue Date, Price

Avalon Technologies Limited is coming out with a fresh public issue to raise Rs. 865 crores from the market.

Below are the details of the Avalon Technologies Limited IPO:

  • Issue opens – April 03 (Monday)
  • Issue closes – April 06 (Thursday)
  • Issue size – Rs. 865 crores
  • Price band – Rs. 415 to 436 per equity share
  • Bid lot – 34 shares and in multiples thereof.

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And here are some details of the company and further details on the Avalon Technologies Limited.

Company details:

  • Avalon Technologies Limited are 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 (source: F&S Report), with a focus on high value precision engineered products. Through a unique global delivery model (source: F&S Report), they provide 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 the United States, China, Netherlands and Japan.
  • Their capabilities 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. They specialize in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components and enclosures for multiple industry verticals. The end-use industries they cater to include a mix of established and long product lifecycle industries, such as industrial, mobility and medical devices and high growth “sunrise” industries, such as solar, electric vehicles and hydrogen in the clean energy sector and digital infrastructure in the communications sector.
  • They have developed long relationships with certain of their customers through a client servicing model which aims to provide fully integrated solutions, robust manufacturing capabilities, delivering quality products on time, supply chain efficiency as well as a focus on new product development. Certain of their key customers include Kyosan India Private Limited, Zonar Systems Inc., Collins Aerospace, e-Infochips Private Limited, The US Malabar Company, Meggitt (Securaplane Technologies Inc) and Systech Corporation, with whom they have had relationships for more than seven years.
  • They have been recognized by their customers 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.

Issue Size:

865 crores

Issue break-up:

  • QIB – 75% of the offer – Rs. 648.75 crores
  • NIB – 15% of the offer – Rs. 129.75 crores
  • RET – 10% of the offer – Rs. 86.50 crores




Link Intime India Private Limited


All Retail & NII bidders' (bids up to Rs 5,00,000) applications through brokers are compulsorily in UPI Mode.


  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected.
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Thursday, April 06, 2023

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