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Published 1 year ago

Avalon Technologies announces IPO with price band of INR 415-436

Summary by The Hindu Business Line
Avalon Technologies, an EMS company that provides end-to-end box build solutions for OEMs, is set to launch its IPO on 3 April 2023, which will remain open until 6 April 2023. The IPO size will be INR 865 crore, with INR 320 crore being a fresh issue and INR 545 crore being an offer for sale. The company aims to use the proceeds for debt repayment, working capital needs and general corporate purposes. The promoters’ ownership of the company will…

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