Avalon Technologies IPO Day 2: Check live subscription status here

5 Apr 2023 , 04:20 PM

Investors have shown less interest in the initial public offer (IPO) of Avalon Technologies Limited. The company has received only 3% subscription on the day 1.

On day 2, the issue was subscribed 8% by 4.10 pm. Retail investors has subscribed to 40% of the shares reserved while Non Institutional Investors (NIIs) has subscribed only 4% to the reserved portion. 

Avalon Technologies is one of the leading fully integrated Electronic Manufacturing Services with a wide range of product portfolio. The company largely generates its revenues from the United States (~63% of revenues), catering to the sunrise industries such as clean tech, power automation, mobility.

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