Avalon Tech IPO: Shares to debut on BSE, NSE on this date
Avalon Tech IPO listing date: The initial public offering (IPO) of a Chennai-based provider of IT services and solutions will be listed on both the leading stock exchanges -- the National Stock Exchange (NSE) and BSE tomorrow at 10 PM.
Avalon Technologies IPO listing date: Avalon Technologies shares are set to debut on Dalal Steet on April 18, Tuesday. The initial public offering (IPO) of a Chennai-based provider of IT services and solutions will be listed on both the leading stock exchanges -- the National Stock Exchange (NSE) and BSE tomorrow at 10 PM.
Avalon Technologies IPO subscribed 2.34 times in total. The public issue subscribed 0.88 times in the retail category, 3.77 times in Qualified Institutional Buyers (QIBs) and 0.43 times in the Non-Institutional Investors NII category by April 6.
Avalon Tech IPO opened for subscription on April 3 and ended on April 6. The initial share sale of Avalon Technologies comprised of fresh issuance worth Rs 320 crore and an offer for sale (OFS) worth Rs 545 crore by existing shares. The IPO settled the allotment on April 12.
Potential investors could bid for Avalon Tech shares in a range of Rs 415-436 apiece under the IPO. Bids were accepted in multiples of 34, translating to Rs 14,110-14,824 per lot.
Also read- Top dividend stock: Seven companies that have rewarded investors with up to 2050% dividend recently
Incorporated in 1999, Avalon Technologies is an integrated electronic manufacturing service (EMS) company. The company has end-to-end capabilities in delivering box-build solutions in India and is focused on high-value precision engineered products.
Avalon offers a full-stack product and solution suite to certain global original equipment manufacturers (OEMs). These include OEMs located in countries such as China, the Netherlands, the US, and Japan.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
12:45 PM IST