Avalon IPO received oversubscription on the final day of its offer. The company launched its public offer from April 3rd to April 6th. The IPO comprised a fresh issue worth ₹320 crore and an offer for sale (OFS) aggregating to ₹865 crore.
Fully integrated Electronic Manufacturing Services (EMS) company, Avalon Technologies, is set to launch its initial public offering (IPO) today, 3 April 2023. The IPO will be open for subscription till 6 April 2023. The company has raised around Rs 389.25 crore from 24 anchor investors ahead of the IPO. aaa
Avalon Technologies is one of the leading fully integrated EMS companies with end-to-end operations in delivering box-build solutions in India in terms of revenue, with a focus on high-value precision engineered products. Ahead of the IPO, the company raises ₹389 crore from anchor investors.