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IPO Update for Avalon Technologies:

valon is a fully integrated electronic manufacturing company that offers end-to-end service solutions. It provides a full stack product and solution suite, right from PCB design and assembly to the manufacture of Box Build, to certain global OEMs.It specializes in manufacturing and providing design support for critical integrated assemblies, sub-assemblies, components and enclosures for multiple industry verticals. The end-use industries it caters to include a mix of established and long product lifecycle industries, such as industrial, mobility and medical devices and high growth “sunrise” industries, such as solar, electric vehicles and hydrogen in the clean energy sector and digital infrastructure in the communications sector.
 
The company has 12 manufacturing units located across the US and India. Some of its key clients include Kyosan India, Zonar Systems Inc, Collins Aerospace, and eInfochips, among others. The company's other capabilities include cable assembly and wire harnesses, sheet metal fabrication, machining, magnetics, and injection molded plastics.

For the period ended November 2022, the company recorded revenue of Rs 584 crore, while profit after tax (PAT) stood at Rs 34 crore.

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