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Avalon Technologies Ltd. IPO

It is 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. 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.

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DRHP
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Open Date

2023-04-03

Close Date

2023-04-06

IPO Details

Check out the issue details for Avalon Technologies Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 436

Price Band

₹ 415 - 436

Issue Size

865 Cr.

Issue Type

Book Built

Open

2023-04-03

Close

2023-04-06

Listingprice

₹ 436

ListingGain

0.00%

Listing Date

2023-04-18

CMP

₹ 516.1

Current Return

18.37%

News

Avalon Technologies informs about certificate12 Apr, 11:02AM Avalon Technologies informs about allotment of equity shares19 Mar, 10:25AM Avalon Technologies - Quaterly Results1 Feb, 8:28PM Avalon Technologies - Quaterly Results1 Feb, 8:28PM Avalon Technologies informs about board meeting 22 Jan, 9:43AM Avalon Technologies inks agreement with C-DAC for HPC servers ‘RUDRA’13 Jan, 4:15PM Avalon Technologies informs about certificate9 Jan, 12:03PM Avalon Technologies informs about trading window closure29 Dec, 2:05PM Avalon Technologies informs about allotment of ESOP 16 Dec, 3:08PM Avalon Technologies - Quaterly Results8 Nov, 9:23PM Avalon Technologies informs about earnings conference call3 Nov, 1:17PM Avalon Technologies informs about board meeting 31 Oct, 10:28AM Avalon Technologies informs about appointment of chief operating officer18 Oct, 12:39PM Avalon Technologies informs about allotment of equity shares17 Oct, 10:14AM Avalon Technologies informs about voting results and scrutinizer report 26 Sep, 5:06PM Avalon Technologies informs about newspaper publication 4 Sep, 11:15AM Avalon Technologies informs about earnings call transcript17 Aug, 12:42PM Avalon Technologies - Quaterly Results10 Aug, 9:41PM Avalon Technologies - Quaterly Results10 Aug, 9:41PM Avalon Technologies informs about board meeting 2 Aug, 10:01AM

Company Financials

You can get the following financial statements of Avalon Technologies Ltd. as of now.

Exchange

NSE: AVALON BSE: 543896

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Subscription Details

The details about the Avalon Technologies Ltd IPO is as:

  • The issue size of the IPO is 865 Cr.
  • The price band for Avalon Technologies Ltd IPO is Rs 415 to Rs 436.
  • The shares of Avalon Technologies Ltd IPO will list on 18th April 2023.
  • The shares of Avalon Technologies Ltd IPO is subscribed 2.34 Times as of 5:13 pm, 6th April 2023.

 

Avalon Technologies Ltd IPO Valuation

The approx valuation of Avalon Technologies Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 436
Existing Shares (Qty) 5.79 Cr
Fresh Issue 320 Cr
Market Cap 2844.44 Cr
EPS (FY22) Rs 11.30
PE Ratio  38.58x
Industry PE  76.39x

 

Avalon Technologies Ltd IPO Issue Size

Avalon Technologies Ltd IPO issue size is 865 Cr.

Issue Amount
Fresh Issue 320 Cr
Offer For Sale 545 Cr

 

Avalon Technologies Ltd IPO share offer

The shares of Avalon Technologies Ltd IPO is subscribed 2.34 Times as of 5:13 pm, 6th April 2023. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Minimum 75%
Non-Institutional Maximum 15%
Retail Individual Maximum 10%

Allotment Details

Find below the dates for Avalon Technologies Ltd IPO:

Schedule Date
Basis of Allotment 12 April 2023
Refunds 13 April 2023
Credit to Demat Account 17 April 2023
IPO Listing Date 18 April 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 327.15 369.34 434.56 479.37
Total Expenditure 296.06 337.92 387.53 423.31
Operating Profit 31.1 31.42 47.03 56.06
Other Income 0.65 2.97 7.45 4.88
Interest 20.09 17.22 12.38 17.64
Depreciation 4.22 3.44 5.66 4.87
Exceptional Items 0 0 0 0
Profit Before Tax 7.44 13.73 36.44 38.43
Provision for Tax 1.79 2.1 9.21 10.06
Net Profit 5.66 11.62 27.23 28.37
Adjusted EPS (Rs.) 0.1 0.2 0.49 0.49

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 5.03 5.1 1.6 11.59
Total Reserves 185.19 203.66 223.89 645.4
Borrowings 7.52 6.96 20.66 19.81
Other N/C liabilities 4.01 4.83 8.07 10.8
Current liabilities 199.54 236.05 188.48 255.74
Total Liabilities 401.29 456.6 442.7 943.35
Assets
Net Block 30.77 36.37 42.48 46.09
Capital WIP 2.67 0 1.97 12.19
Intangible WIP 0 0 0 0
Investments 11.15 86.28 87.38 87.6
Loans & Advances 1.34 16.23 15.44 15.45
Other N/C Assets 0 0 0 0.2
Current Assets 355.36 317.71 295.43 781.83
Total Assets 401.29 456.6 442.7 943.35
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 2.95 5.29 5.79 3.45
Profit Before Tax 19.84 14.11 10.19 14.14
Tax 5.27 3.52 2.54 3.67
Profit After Tax 14.57 10.59 7.65 10.47
Adjusted EPS (Rs) 2.51 1.62 1.17 1.6

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 50.91 0
Dec 2023 50.97 0
Sep 2023 51.09 0
Jun 2023 51.24 0
Mar 2023 70.75 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 5.66 11.62 36.44 38.43
Adjustment 22.2 13.38 17.13 16.16
Changes in Assets & Liabilities 12.45 61.7 -47.53 -61.77
Tax Paid -4.39 -2.35 -10.29 -11.68
Operating Cash Flow 35.92 84.35 -4.25 -18.86
Investing Cash Flow -8.69 -78.54 -5.2 -15.44
Financing Cash Flow -17.03 -2.73 -9.6 448.93
Net Cash Flow 10.2 3.07 -19.04 414.63
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