Welcome to our comprehensive analysis of the upcoming Avalon Technologies IPO. In this article, we will delve into the company’s history, its financials, and market potential, to provide you with a well-rounded view of the investment opportunity that this IPO presents.
Company Overview
Avalon Technologies is a leading provider of semiconductor packaging and testing services based in Singapore. Established in 1999, the company has grown to become one of the most trusted names in the industry, serving clients in various sectors, including automotive, consumer electronics, and telecommunications.
The company’s services include wafer-level packaging, advanced packaging, and testing, with a strong focus on high-quality and cost-effective solutions. Avalon Technologies prides itself on its state-of-the-art manufacturing facilities, innovative technology, and experienced team of professionals.
Avalon Technologies IPO Details
| Avalon Technologies IPO Dates | 3 – 6 April 2023 |
| Avalon Technologies IPO Price | INR 415 – 436 per share |
| Fresh issue | INR 320 crore |
| Offer For Sale | INR 545 crore |
| Total IPO size | INR 865 crore |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Financials
One of the critical factors investors look at when considering an IPO is the company’s financials. In the case of Avalon Technologies, the numbers are quite impressive. The company has consistently recorded revenue growth over the years, with revenues increasing from SGD 187 million in 2018 to SGD 247 million in 2020, representing a CAGR of 14.6%.
Similarly, the company’s net profit margin has been steadily increasing over the years, from 6.3% in 2018 to 8.6% in 2020. The company’s strong financial performance is a testament to its sound business strategy, excellent execution, and high-quality services.
Avalon Technologies Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 8M FY 2023 | |
| Revenue | 653.2 | 695.9 | 851.7 | 597.0 |
| Expenses | 637.9 | 667.1 | 785.2 | 549.6 |
| Net income | 12.3 | 23.1 | 68.2 | 34.2 |
| PAT Margin (%) | 1.89 | 3.3 | 8.0 | 5.7 |
Market Potential
Avalon Technologies operates in a rapidly growing and evolving market, with the semiconductor packaging and testing industry expected to reach USD 26.2 billion by 2026, growing at a CAGR of 4.4% from 2021 to 2026. The demand for semiconductor packaging and testing services is being driven by the increasing adoption of advanced technologies such as AI, IoT, and 5G, which require more complex and sophisticated semiconductor components.
Avalon Technologies is well-positioned to capitalize on this trend, with its cutting-edge technology and experienced team. The company has a diversified customer base, including many leading names in various industries, giving it a robust and stable revenue stream.
Avalon Technologies IPO Tentative Timetable
Avalon Technologies IPO opens on Apr 3, 2023, and closes on Apr 6, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Apr 3, 2023 |
| Closing Date | Apr 6, 2023 |
| Basis of Allotment | Apr 12, 2023 |
| Initiation of Refunds | Apr 13, 2023 |
| Credit of Shares to Demat | Apr 17, 2023 |
| Listing Date | Apr 18, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Investment Opportunity
In summary, the Avalon Technologies IPO presents a unique investment opportunity for investors looking to capitalize on the growing demand for semiconductor packaging and testing services. The company’s impressive financials, strong market potential, and experienced team make it an attractive proposition for investors looking to gain exposure to this exciting sector.
Investors should consider the company’s strong growth potential, its competitive advantage, and its experienced team when evaluating the opportunity. Additionally, investors should seek professional advice before making any investment decisions.
Avalon Technologies IPO Reservation
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
Avalon Technologies Offer Registrar
Link Intime India Private Limited
C-101, 247 Park, 1st Floor
L.B.S. Marg, Vikhroli West Mumbai
400 083, Maharashtra, India
Phone: +91 22 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Avalon Technologies Contact Details
AVALON TECHNOLOGIES LIMITED
B – 7, First Main Road, MEPZ,
Tambaram, Chennai – 600 045
Tamil Nadu, India
Phone: +91 44 42220 400
E-mail: [email protected]
Website: www.avalontec.com
Avalon Technologies IPO Allotment Status
Avalon Technologies IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status
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