Avalon Technologies Limited IPO
Avalon Technologies Limited was a mainboard IPO in the Other Electrical Equipment sector, offered at ₹415–₹436 per share to raise ₹389 crore. The issue was subscribed 2.21× overall (QIBs 3.57×, NIIs 0.41×, retail 0.84×). It listed on 18 Apr 2023 at ₹436 and closed its first day at ₹398, a listing loss of -8.7% versus the ₹436 issue price. It now trades around ₹2,050 (+370.2% versus the issue price).
Frequently asked questions
- How many times was the Avalon Technologies Limited IPO subscribed?
- The Avalon Technologies Limited IPO was subscribed 2.21× overall — 3.57× in the QIB category, 0.41× among non-institutional investors, 0.84× in retail.
- What were the Avalon Technologies Limited IPO listing gains?
- Avalon Technologies Limited listed on 18 Apr 2023 at ₹436, closing its first day at ₹398 — a listing loss of -8.7% versus the ₹436 issue price.
- What were the retail allotment odds for the Avalon Technologies Limited IPO?
- Retail was subscribed 0.84×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 12 Apr 2023.
- What was the price band and lot size of the Avalon Technologies Limited IPO?
- The price band was ₹415–₹436 per share, with a minimum lot of 34 shares (₹14,824 at the upper band).
- Who were the registrar and lead manager for the Avalon Technologies Limited IPO?
- Link Intime India Private Limited was the registrar, and JM Financial was the book-running lead manager.