Issue Open Date
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03-Apr-23
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Issue Closing Date
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06-Apr-23
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Application Money
|
100
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Allotment Money
|
|
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Price Band (Rs.)
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415-436
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Minimum Bid Quantity.
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34
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Issue Size (Shares)
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11463854
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Market Lot
|
1
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Objective :
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1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and one of our Material Subsidiaries, i.e. Avalon Technology and Services Private Limited (“ATSPL”); 2. Funding the working capital requirements of our Company. 3. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
|
Subscription Ratio
|
|
Offered / Reserved
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Bid For
|
|
Non-Institutional Investors
|
3126505
|
1276326
|
0.41
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Qualified Institutional Buyers
|
6253012
|
22303864
|
3.57
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Retail Individual Investors
|
6253012
|
22303864
|
3.57
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|
|
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Business Description
We are one of the leading fully integrated Electronic Manufacturing Services (“EMS”) companies with end-to-end capabilities 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
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Promoter's Holding
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Total Share Capital
|
40999758
|
Offered to Public
|
19839446
|
Promoter's Holding (Pre-Issue)
|
70.75
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Promoter's Holding (Post-Issue)
|
51.24
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More..
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Address
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T P I Block B – 7 First Main Road Mepz - Sez Tambaram
Chennai
,
Tamil Nadu
,
600045
Phone :
044 4222 0400
Email :
corp@avalontec.com
Website :
www.avalontec.com
|
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Registrar
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Link Intime India Pvt Ltd.
C 101 247 Park LBS Marg Vikhroli (West) Mumbai
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Listed at
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BSE, NSE
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Lead Manager
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Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.) IIFL Securities Ltd. JM Financial Ltd. Nomura Financial Advisory & Securities (India) Pvt Ltd.
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Promoters
|
Bhaskar Srinivasan Kunhamed Bicha
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