Avalon Technologies IPO To Open On April 3, 2023: Key Dates, GMP, Price Band, And More
Avalon Technologies which is an electronic manufacturing company is launching its 865 crore IPO In April news week
The Avalon Technologies IPO, or initial public offering, is set to open for subscription on April 3, 2023. The IPO will remain open for bidding till Thursday, April 6, 2023. With this IPO, the electronic manufacturing service solutions provider aims to raise ₹865 crore.
Let’s understand more about the Avalon Technologies IPO, its latest GMP, the Avalon Technologies IPO schedule, etc.
About Avalon Technologies Limited
Avalon Technologies Limited is a leading electronic manufacturing services company. Incorporated in 1999, Avalon Technologies is engaged in providing end-to-end box-build solutions, focusing on high-value precision-engineered products. The company’s offerings include printed circuit board design and assembly, sheet metal fabrication and machining, cable assembly and wire harnesses, magnetics, injection moulded plastics, and end-to-end box build of electronic systems.
Avalon Technologies IPO
The Avalon Technologies IPO includes a fresh issue of equity shares worth ₹320 crore and an offer for sale, or OFS, of shares worth ₹545 crore by the company’s promoters and existing shareholders. Avalon Technologies will use the proceeds from the fresh issue of shares for funding working capital requirements, debt repayment, and general corporate purposes.
Avalon Technologies IPO- Key Dates
The complete Avalon Technologies IPO schedule is as follows:
Avalon Technologies IPO Price Band
The price band for this ₹865 crore IPO has been fixed at ₹415-₹436 per share. To apply for the Avalon Technologies IPO, bidders will have to apply for a minimum of 34 shares and in multiples thereof.
Avalon Technologies IPO GMP
As per market observers, the shares of Avalon Technologies are trading at a GMP, or grey market premium of ₹16 yesterday. Avalon Technologies is expected to list its shares on the leading stock exchanges NSE and BSE on Thursday, April 18, 2023.
Avalon's CMD Kunhamed Bicha and CFO R M Subramanian in Conversation With BQ Prime
Check out the video below where they share the outlook
Watch The Video Here: Avalon Tech's IPO To Open Soon; Here Is All You Need To Know
For more information on upcoming IPOs, take a look at the IPO Videos at IPO Adda
Disclaimer: The above data has been recorded at the time of writing and is liable to change. Investors are advised to invest at their own discretion.
