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15 Days Price Change

Avalon Technologies IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 415  to  436 per share
Profile
Min Investment ₹436
Profile
Lot Size 1
Profile
Face Value ₹2
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Avalon Technologies Limited is an Indian company that provides technology solutions and services to customers in India and internationally. The company was founded in 1995 and is headquartered in Bengaluru, Karnataka. Avalon Technologies offers a range of services, including software development, application maintenance and support, data analytics, cloud services, enterprise mobility solutions, and digital transformation services. The company's clients come from various industries, including healthcare, finance, retail, and manufacturing. The company has a team of experienced professionals and engineers who use cutting-edge technology to develop customised solutions for its clients. Avalon Technologies also partners with leading technology companies to provide the best possible solutions to its clients. Read More

Basic Info

Face Value 2 per share

Price 415  to  436 per share

P/E (x) 45.4

Sales( Cr.) 1098

PAT( Cr.) 63

EPS 9.6

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Kunhamed Bicha Bhaskar Srinivasan

Pre Issue Share Holding 100%

Post Issue Share Holding 42.24%

Listing Details:

Listing Price: 431

Listing Gain: -1.16%

Current Price: 1520.5

Gain On Issue: 1520.5 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Apr 03, 2023
Closing Date Apr 06, 2023
Allotment Apr 07, 2023
Refund Apr 10, 2023
Delivery of Shares Apr 10, 2023
Listing Date Apr 11, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 34 14,824
Retail (Max) 13 442 192,712
S-HNI (Min) 14 476 207,536
S-HNI (Max) 67 2278 993,208
B-HNI (Min) 68 2312 1,008,032

Objective of the Issue

1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and one of the Material Subsidiaries, i.e. Avalon Technology and Services Private Limited (ATSPL) 2. Funding the working capital requirements of the Company 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 14879588 56096047 3.8x
NII 2975918 1279645 0.4x
Retail 1983945 1745872 0.9x
EMP 0 0 0x
Total 19839450 46424313 2.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Avalon Technologies Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 642 690 841 945 867 1098
Other Income 11 6 11 15 15 17
Total Income 653 697 852 959 882 1115
Total Expenditure 577 625 743 832 805 983
Operating Profit 76 72 108 127 77 132
Interest 45 27 25 35 16 17
Depreciation 16 16 18 20 23 29
Exceptional Income / Expenses 0 0 20 0 0 0
Profit Before Tax 15 29 86 73 38 87
Provision for Tax 3 6 18 20 10 23
Profit After Tax 12 23 67 53 28 63
Adjustments -1 -2 -4 0 0 0
Profit After Adjustments 12 21 63 53 28 63
Adjusted Earnings Per Share 2.2 3.8 11.3 9 4.3 9.6

Avalon Technologies Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 47 60 89 537 547 612
Minority's Interest -43 -32 0 0 0 0
Borrowings 50 81 74 66 53 18
Other Non-Current Liabilities 3 1 12 29 32 26
Total Current Liabilities 367 379 399 544 275 369
Total Liabilities 423 489 574 1176 907 1024
Fixed Assets 99 104 114 128 147 185
Other Non-Current Assets 12 6 9 36 51 23
Total Current Assets 313 380 450 1012 709 817
Total Assets 423 489 574 1176 907 1024

Avalon Technologies Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 20 25 31 8 422 42
Cash Flow from Operating Activities 66 6 16 -13 17 25
Cash Flow from Investing Activities -19 -26 -18 -25 -146 54
Cash Flow from Financing Activities -42 28 -21 452 -251 -52
Net Cash Inflow / Outflow 4 7 -24 414 -380 27
Closing Cash & Cash Equivalent 25 31 8 422 42 69

Avalon Technologies Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.16 3.85 11.31 9.03 4.26 9.59
CEPS(Rs) 5.2 6.95 15.29 12.45 7.74 13.91
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 8.7 10.72 15.88 37.4 83.22 92.16
Core EBITDA Margin(%) 10.05 9.47 11.6 11.92 7.21 10.46
EBIT Margin(%) 9.39 8.08 13.14 11.38 6.28 9.42
Pre Tax Margin(%) 2.38 4.18 10.18 7.69 4.39 7.9
PAT Margin (%) 1.92 3.34 8.02 5.56 3.23 5.78
Cash Profit Margin (%) 4.34 5.62 10.17 7.64 5.87 8.38
ROA(%) 2.91 5.06 12.69 6 2.69 6.57
ROE(%) 26.47 43.34 90.71 34.37 7.33 10.97
ROCE(%) 20.42 17.17 29.93 17.53 7.01 14.12
Receivable days 64.7 78.15 77.99 74.1 82.72 83.57
Inventory Days 88.29 79.57 82.23 106.43 133.48 108.73
Payable days 120.51 105.35 81 79.58 79.03 74.18
PER(x) 0 0 0 0 115.87 79.08
Price/Book(x) 0 0 0 0 5.93 8.23
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.35 0.38 0.34 -0.11 3.81 4.61
EV/Core EBITDA(x) 2.95 3.68 2.63 -0.82 42.67 38.31
Net Sales Growth(%) 0 7.57 21.76 12.37 -8.21 26.63
EBIT Growth(%) 0 -7.35 97.89 -2.7 -49.34 89.91
PAT Growth(%) 0 87.26 192.25 -22.17 -46.7 126.69
EPS Growth(%) 0 78.43 194.09 -20.17 -52.83 125.18
Debt/Equity(x) 5.34 4.93 3.31 1.41 0.3 0.23
Current Ratio(x) 0.85 1 1.13 1.86 2.58 2.22
Quick Ratio(x) 0.43 0.62 0.54 1.28 1.43 1.3
Interest Cover(x) 1.34 2.07 4.45 3.09 3.32 6.19
Total Debt/Mcap(x) 0 0 0 0 0.05 0.03

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 27% 9% 11% 0%
Operating Profit CAGR 71% 7% 12% 0%
PAT CAGR 125% -2% 39% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 76% 53% NA% NA%
ROE Average 11% 18% 37% 36%
ROCE Average 14% 13% 17% 18%

Company Contact Information

Avalon Technologies Ltd.

T P I Block B – 7, First Main Road Mepz - Sez, Tambaram

IPO Lead Manager(s)

Avalon Technologies Ltd.

Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)

IIFL Securities Ltd.

JM Financial Ltd.

Nomura Financial Advisory & Securities (India) Pvt Ltd.

Registrar Info

Avalon Technologies Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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