IPO Note : Avalon Technologies Ltd By Asit C Mehta Investment
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Avalon Technologies Ltd
Avalon Technologies Limited (ATL) was incorporated on November 3, 1999. The Company is one of the leading fully integrated Electronic Manufacturing Services (“EMS”) companies with end-to-end capabilities in delivering box build solutions in India. In terms of revenue in Fiscal 2022, with a focus on high value precision engineered products, company provide a full stack product and solution suite, right from printed circuit board (“PCB”) design and assembly to the manufacture of complete electronic systems (“Box Build”), to certain global original equipment manufacturers (“OEMs”), including OEMs located in the United States, China, Netherlands, and Japan. The Company have enhanced their offering to include sheet metal fabrication, cable assembly and wire harnesses, magnetics, electromechanical assemblies, injection moulded plastics along with in-house design capabilities, thus making them a fully integrated player in the EMS industry.
Issue Details
The offer comprises Fresh Issue of Equity shares worth Rs. 320 Cr. and an Offer for Sale worth Rs. 545 Cr. aggregating to total IPO size worth Rs. 865 Cr.
Issue Objectives
* 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);
* Funding the working capital requirements of the Company;
* General corporate purposes
Outlook and Valuations
ATL is engaged in the global supply of critical and specialized components to industries across the board with a major focus on clean energy and new product developments used in Automotive (EV’s), Aerospace, Defence and Hydrogen space. Favourable policy initiatives such as ‘Make in India’ program of GOI, leading to high customer retention and cost-efficient manufacturing. Further, Company stand to benefit from the tailwinds of Aatmanirbhar Bharat and the Production Linked Incentive Scheme (PLI Scheme) across verticals, which would help to reduce import dependence as well as position India as an export hub. Hence, we recommend subscribing the issue from a long-term prospective.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at www.investmentz.com/disclaimer
SEBI Registration number is INZ000186336
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
