The Rs 865 crore initial public offer (IPO) of Avalon Technologies opens for subscription today, April 3 and will conclude on April 6. The company is issuing its shares at an issue price band of Rs 415-436 per share. Click here to subscribe the IPO.
The IPO comprises a of fresh issue of shares up to Rs 324 crore and an offer for sale (OFS) of up to Rs 545 crore by promoters and selling shareholders. A total of 20.8 lakh equity shares will be on offer.
Check the live subscription status of the IPO on April 3 at 11.12 AM
Category | No.of shares offered | No. of shares bid for | No. of times of total meant for the category |
Qualified Institutional Buyers (QIBs) | 62,53,012 | – | 0.00 |
Non Institutional Investors(NIIs) | 31,26,505 | 11,050 | 0.00 |
Retail Individual Investors (RIIs) | 20,84,337 | 87,992 | 0.04 |
Total | 1,14,63,854 | 99,042 | 0.01 |
(Source: BSE)
The company has reserved 75% of the issue for QIBs, 15% for NIIs and 10% for retail investors
The company on Friday said it has raised a little over Rs 389 crore from anchor investors ahead of its initial share sale. The company has decided to allocate a total of 89.27 lakh equity shares to 24 funds at Rs 436 apiece.
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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