IPO

The company’s capabilities include PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection molded plastics and end-to-end box build of electronic systems.

Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services ("EMS") company. The company is one of the leaders in the segment in India in terms of revenue in Fiscal 2022.

We believe Avalon technology is well placed as a EMS company providing a “One Shop Stop” integrated solution for electronics, electro mechanical design and manufacturing services. We consider company’s strength in collective cross industry experience and strong product portfolio with flexible volume product manufacturing which helps them to have strong relationship with their clients, on an average relation with customers which accounts for 80% revenue in 2022 is more than 7 years.

IPO NOTE

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.

Avalon Technologies is one of the leading fully integrated Electronic Manufacturing Services with a wide range of product portfolio. The company largely generates its revenues from the United States (~63% of revenues), catering to the sunrise industries such as clean tech, power automation, mobility. The company has an order book of INR 1190 crores as on November 2022 with a customer base of 80.

Avalon Technologies is one of the leading fully integrated Electronic Manufacturing Services (“EMS”) companies with end-to-end operations in delivering box-build solutions in India in terms of revenue in Fiscal 2022, with a focus on high-value precision engineered products.

Electronic manufacturing services firm Avalon Technologies Ltd. (Avalon), is coming up with an IPO to raise around Rs. 865cr, which opens on 3rd Apr. and closes on 6th Apr. 2023. The price band is Rs. 415 - 436 per share.