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

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

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…

Avalon Technologies IPO: All You Need To Know

The initial public offering of Avalon Technologies Ltd. is set to open on April 3 and close on April 6. With this IPO, the Chennai-based electronic manufacturing services provider aims to raise Rs 865 crore. It consists of a fresh issue of shares worth Rs 320 crore and an offer for sale worth Rs 545 crore.The company has priced its shares in the range of Rs 415–436 apiece. At the upper end of price band, the company will be valued at Rs 2,847 cr…