For this 865 million-dollar initial public offering (IPO), the electronics manufacturing services company Avalon Technologies has set a price range of 415-436 dollars per share. Bidding for anchor investors will open on March 31 and close on April 6, 2023, while the three-day issue will open for public subscription on April 3.
Market observers claim that Avalon Technologies shares are trading at a premium (GMP). 15 today on the gray market. On Tuesday, April 18, 2023, the company’s shares are expected to be listed on the major stock exchanges BSE and NSE.
Avalon Innovations Initial public offering Included 320 crore from new issue of value shares and 545 crore through offer available to be purchased (OFS) of offers by the advertisers and existing investors.
Kyosan India, Zonar Systems Inc., Collins Aerospace, eInfochips, The US Malabar Company, Meigit (SecurePlane Technologies Inc.), and Systec Corporation are among the clients of Avalon Technologies, an end-to-end provider of electronic manufacturing service solutions. Kunhamed Bicha and Bhaskar Srinivasan are the advertisers of the organization.
The company offers a wide range of services, including cable assembly and wire harness, sheet metal fabrication, machining, magnetics, and injection molded plastics, at 12 manufacturing facilities in the United States and India.
“The company has a remarkable PAT margin in comparison to its industry rivals. Based on FY22 data, Avalon Technologies’ initial public offering (IPO) valuation is 45x PE, which is comparable to the market average. According to Abhay Doshi, Unlisted Arena’s It will be interesting to see how the company does in light of the volatile market conditions right now.
“Investors should remain cautious in light of the current market conditions, despite the positive overall outlook for the IPO of Avalon Technologies. The electronics manufacturing sector is renowned for its volatility, and rising costs of raw materials can have a negative impact on business. Before investing in an IPO, investors should carefully examine the company’s performance, financial situation, and growth prospects.