Check live subscription details of Avalon Technologies IPO on day 2

5 Apr 2023 , 11:13 AM

Avalon Technologies IPO which opens for subscription on Monday, April 3, was subscribed 3% on day 1 of the offer. The company is offering its shares at a price band of Rs 412-436 per share and investors can bid for 34 shares in one lot and in multiples thereof. Click here to subscribe the IPO.

On day 2 by 11.10 AM the issue has seen muted response from the investors and was subscribed 0.05 times. The retail investors’ portion was subscribed 0.26 times, while the categories of non-institutional investors (NIIs) received 0.02 times subscription and qualified institutional buyers (QIBs) received no bids so far.

The company commenced its operations in 1999 as a pure play PCB assembler with a niche focus on their capabilities and has become vertically integrated to include multiple offerings. They have a significant level of vertical integration in the EMS industry that includes PCB assembly, cable assembly and wire harnesses, sheet metal fabrications and machining, injection molded plastics, magnetics and end-to-end box build.

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