Avalon Technologies Ltd.
Industry:
Electronics - Components
Issue Details
Open Date
03 Apr 2023Close Date
06 Apr 2023Size (in Crs.)
499.824
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-21Lot Size
34
Type
Book building
Face Value
2
Market Lot
1
Objective of the Issue
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.
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, right from printed circuit board (“PCB”) design and assembly to the manufacture of complete electronic systems (“Box Bui... Show More
Address
T P I Block B – 7, First Main Road , Mepz - Sez, Tambaram ,
Chennai
600045
Promoter Holding
Promoters:
Bhaskar Srinivasan, Kunhamed Bicha
Total Share Capital
40999758
Offered to Public
19839446
% Promoter's Holding (Pre-Issue)
70.75
% Promoter's Holding (Post-Issue)
51.24
Shares on offer
Total Share Offer
40999758
Of above offred to public
19839446
Post Issue shares
NA
Post Issue Promoters
51.24
Lead Managers to the Issue:
Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.), IIFL Securities Ltd., JM Financial Ltd., Nomura Financial Advisory & Securities (India) Pvt Ltd.
Registrar Details
Registrar Name:
MUFG Intime India Pvt Ltd.
Address
C 101, 247 Park , LBS Marg , Vikhroli (West) , Mumbai
400083
Phone No.
+91 810 811 8484
Website
https://in.mpms.mufg.com/
Fax
91-022-49186060