Avalon Technologies makes muted debut, falls 5% post listing
The ₹865 crore IPO of the electronics manufacturing services company was subscribed 2.32 times on the back of a strong response from qualified institutional investors.
The ₹865 crore IPO of the electronics manufacturing services company was subscribed 2.32 times on the back of a strong response from qualified institutional investors.
While Zaggle and Cyient DLM received the SEBI’s "observation" on March 29, Healthvista India and Rashi Peripherals got nod for their IPOs on March 31.
Ahead of the initial share sale, the company has raised ₹389 crore from anchor investors by allocating 89.27 lakh equity shares to 24 funds at ₹436 apiece.
The ₹865 crore IPO of Avalon Technologies will open on April 3, which comprises fresh issue of equity shares worth ₹320 crore and an offer for sale aggregating up to ₹545 crore.