Avalon Technologies Ltd.
Issue Open Date 03-Apr-23  
Issue Closing Date 06-Apr-23  
Application Money 100  
Allotment Money  
Price Band () 415 - 436  
Minimum Bid Quantity. 34  
Issue Size (Shares) 11463854  
Market Lot 1  
Objective

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.

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 engineered products. Through a unique global delivery model (source: F&S Report), we provide a full stack product and solution suite, ri...

Promoter's Holding
Total Share Capital   40999758  
Offered to Public   19839446  
Promoter's Holding (Pre-Issue)   70.75  
Promoter's Holding (Post-Issue)   51.24  
Address
Address :T P I Block B – 7
First Main Road
Mepz - Sez
Tambaram
City :Chennai, State :Tamil Nadu Pincode :600045 Phone :044 4222 0400 Email : corp@avalontec.com Website : www.avalontec.com
Registrar
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
Listed at
BSE, NSE
Lead Manager
Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)
IIFL Securities Ltd.
JM Financial Ltd.
Nomura Financial Advisory & Securities (India) Pvt Ltd.
Promoters
Bhaskar Srinivasan
Kunhamed Bicha

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