The initial public offer of Avalon Technologies of worth Rs 865 crore has been subscribed 2.20 times by 4.10 PM on day 3 of the offer.
The QIB portion of the offer of the IPO has been subscribed 3.57 times while NII and retail portions are subscribed 0.41 and 0.80 times.
The issue, which opened on April 3, will close today. The price band for the issue is set at Rs 415-436, and investors can bid for 34 shares in 1 lot and multiples thereof.
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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