31 Mar 2020
Assets449.65
Total Income653.15
Profit After Tax12.33
Total Borrowing248.48
At a glance
Updated 2026-08-23Avalon Technologies is a Mainboard IPO with an issue size of ₹865.00 crore, proposed for listing on BSE, NSE. The offer opens on 3rd Apr 2023 and closes on 6th Apr 2023. The issue structure includes a fresh issue of ₹320.00 crore and an offer-for-sale component of ₹545.00 crore. The current listing schedule points to 18th Apr 2023.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹865.00 Cr
Fresh issue₹320.00 Cr
Offer for sale₹545.00 Cr
Face value₹2
Price band₹415.00–₹436.00
Allotment12th Apr 2023
Listing18th Apr 2023
Grey market
GMP page ↗Latest GMP₹7.00
GMP / upper price1.61%
Est. listing₹443.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens3rd Apr 2023
Closes6th Apr 2023
Allotment12th Apr 2023
Refund13th Apr 2023
Demat17th Apr 2023
Listing18th Apr 2023
Subscription demand
Full bidding ↗NO DATAWaiting for a verified live exchange update.
Company
Use of proceeds
| Object | Amount |
|---|---|
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and one of our Material Subsidiaries, i.e. Avalon Technology and Services Private Limited (“ATSPL”); | ₹145.00 Cr |
| Funding the working capital requirements of the Company; and | ₹90.00 Cr |
| General corporate purposes | ₹64.40 Cr |
Financials
Full financials ↗31 Mar 2021
Assets512.48
Total Income695.90
Profit After Tax23.08
Total Borrowing295.33
31 Mar 2022
Assets587.96
Total Income851.65
Profit After Tax68.16
Total Borrowing294.05
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
| EBITDA Margin |
Valuation & shareholding
Pre-IPO EPS11.30
Pre-IPO P/E55.54
Promoter holding pre70.75%
Promoter holding post51.24%
Market cap₹2846.76 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | ₹27.21 Cr |
| Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs(1)(2)(3)(4) | ₹2.47 Cr |
| Advertising and marketing expenses | ₹6.04 Cr |
| Fee payable to statutory auditors**, independent chartered accountant***, chartered engineer# and market research firms## | ₹3.78 Cr |
| Others | — |
| (i) Listing fees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses; | ₹2.93 Cr |
| (ii) Printing and distribution of stationery; | ₹1.42 Cr |
| (iii) Fees payable to legal counsel; and | ₹8.72 Cr |
| (iv) Miscellaneous. | ₹4.02 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- JM Financial Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.