IPO Details

Bidding Dates

03 Apr '23 - 06 Apr '23

Minimum Investment

₹14,824 / 1 Lots ( 34 Shares )

Price Range


Maximum Investment

₹192,712 / 13 Lots ( 442 Shares )

Retail Discount

To be announced

Issue Size

₹865 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors   |  

Avalon Technologies IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Apr 3, 2023

IPO Closing Date

Apr 6, 2023

Basis of Allotment

Apr 12, 2023

Initiation of Refunds

Apr 13, 2023

Credit of Shares to Demat Account

Apr 17, 2023

IPO Listing Date

Apr 18, 2023

Avalon Technologies IPO Subscription Details


Day 1Apr 3, 2023

0.00 0.01 0.17 0.03

Day 2Apr 5, 2023

0.00 0.05 0.48 0.10

Day 3Apr 6, 2023

3.77 0.43 0.88 2.34

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 3.77
Non-Institutional Buyers 0.43
Retail Investors 0.88
Employees [.]
Other [.]
Total 2.34

About Company

Avalon Technologies is a leading (by revenue earning of FY22) Electronic Manufacturing Services (EMS) company offering end-to-end box-building solutions focusing on high-quality precision-engineered products.

Avalon caters to global OEM companies in China, the USA, the Netherlands, and Japan. Through a developed global delivery system, Avalon offers a full-stack product and solution suite, complete with printed circuit board (PCB) design and assembly to manufacture complete electronic systems. Specialised services from Avalon Technologies include manufacturing and design support for critical integrated assemblies, sub-assemblies, components and enclosures for multiple industry verticals.

Avalon Technologies IPO Details:

Avalon Technologies IPO is a combination of fresh issues and offer-for-sale equities. The offer’s bidding window will open on April 06. 2023. 

Avalon will raise a fund of Rs. 865 crores from 7,339,450 fresh equities worth Rs. 320 crores and 12,500,000 offer-for-sale shares close to a value of Rs. 545 crores. The issue price band is set at Rs. 415-436.

Retail investors are allotted >10% of the total issue size. 

One lot of the issue will contain 34 shares. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots.

Avalon Technologies Ltd. IPO Objective 

  • Prepayment/repayment of certain borrowings by the company and its material subsidiary.
  • Funding the working capital requirements and general corporate purposes.

Should you invest in Avalon Technologies Ltd.?

These are the top reasons to consider investing in Avalon Technologies Limited.

  • Avalon is a leading fully-integrated box-building solution provider to global OEM players.
  • The company has developed robust manufacturing capabilities to deliver quality products on time and supply chain efficiencies.
  • It is the only Indian OEM company with full-fledged manufacturing units in the USA. Avalon Technologies has 12 manufacturing units located in the USA and India.

Avalon Technologies Ltd. Noteworthy highlights

  • The company increased its customer base from 54 in Fiscal 2020 to 81 in Fiscal 2022. 
  • The total income of Avalon Technologies has increased at a CAGR of 14.19% from 2020 to 2022.
  • The Indian EMS market is expected to grow at 32.3% CAGR between 2022 and 2026, and Avalon, as a key player, stands to gain from the growth.

Avalon Technologies Ltd Company Financials

Particulars Year ending on March 31, 2022 (₹ Lakh) Total Year ending on March 31, 2021 (₹ Lakh) Profit After TaxTotal Year ending on March 31, 2020 (₹ Lakh)
Revenue from Operations 8,407.18 6,904.71 6,418.67
Profit After Tax (PAT) (consolidated) 681.64 230.82 123.26
PAT Margin 8.00% 3.32% 1.89%
EBITDA 975.48 661.43 644.79
EBITDA % 11.60% 9.58% 10.05%
Period Ended As at March 31, 2022 (₹ lakh) As at March 31, 2021 (₹ lakh) As at March 31, 2020 (₹ lakh)
Current Asset 4,502.86 3,796.11 3,126.58
Current Liabilities 3990.14 3,791.67 3669.90

Know before investing


  1. Avalon is one of the leading players in the Indian EMS domain, with a global footprint.

  2. It’s a one-stop shop for electronics and electro-mechanical design and manufacturing services for its clients.

  3. The company has won many awards for service excellence.


  1. Supply interruption and changes in raw material prices will impact the company’s profitability.

  2. Any disruption in the company's manufacturing units can adversely affect future profitability.

  3. Changing client preferences can impact the company's performance and cash flow.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Avalon Technologies IPO FAQs

What is Avalon Technologies Ltd? IPO?

Avalon Technologies Ltd. IPO opens for subscription on April 03, 2023. The company will raise Rs. 865 crore from 19,839,450 equity shares. The shares will be available at a price band of Rs. 415-436 per share.

A minimum of one lot will contain 34 shares.

When will Avalon Technologies Ltd. IPO be allotment available?

The basis of the allotment date is April 12, 2023.

What will be Avalon Technologies Ltd. IPO lot size?

One lot of Avalon Technologies Ltd. IPO has 3000 shares.

When will Avalon Technologies Ltd. IPO open for subscription?

The IPO will open on April 03, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot of 34 shares.

When will Avalon Technologies Ltd. list on exchanges?

The listing date of Avalon Technologies Ltd. on BSE and NSE is April 18, 2023.

How to check the allotment status of Avalon Technologies Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app.

To check the allotment status, enter the application number, DP ID, and PAN number into the app.

What would be the listing gains on Avalon Technologies Ltd. IPO?

One can’t measure listing gain before the IPO listing date. You will get the update on the listing date of Avalon Technologies, which is April 18, 2023.

I have finished the application process for Avalon Technologies Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.

How to approve the UPI mandate request for Avalon Technologies Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Avalon Technologies Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Avalon Technologies Ltd. IPO?

The minimum size of the application will be one lot of 34 shares.