The initial public offer of Avalon Technologies was closed on April 6 and allotment will likely to take place on April 12. The IPO had received dull response from the investors where retail and NII portions were subscribed 88% and 43% respectively. Only QIB portion was subscribed fully with 3.77 times.
On the allotment date, investors get to know the number of shares allotted to them as against the bids made. They can check the allotment status on the BSE or the registrar’s website at Link Intime India Pvt Ltd.
Avalon Technologies is one of the leading fully integrated electronic manufacturing services (EMS) companies with end-to-end operations in delivering box build solutions in India. The company provides a full stack product and solution suite, from printed circuit board design and assembly to the manufacturing of complete electronic systems.
Avalon Technologies IPO important details:
| Open date | April 3, 2023 |
| Close date | April 6, 2023 |
| Lot size | 34 shares |
| IPO size (Rs crore) | Rs 865 Crore |
| IPO price range (Rs) | Rs 415-436 per share |
| Minimum investment | Rs 14,824 |
| Basis of allotment date | April 12, 2023 |
| Refunds date | April 13, 2023 |
| Credit to demat account date | April 17, 2023 |
| Listing date | April 18, 2023 |
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