Avalon Technologies Ltd
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Registered Office:
B-7 First Main Road MEPZ,Tambaram
,
Chennai
-
600045
,
Tamil Nadu
, India.
Phone :
91-44-42220400 Fax:
Email : investorsrelations@avalontec.com
Website : www.avalontec.com
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Initial public offering of 19,839,446*** equity shares of face value of
2 each ("Equity Shares") of Avalon Technologies Limited (The "Company" or the "Company" or the "Issuer") for cash at a price of 436 per equity share (including a share premium of 434 per equity share) (the "Offer Price") aggregating to 865.00 crores*** (the "Offer") comprising a fresh issue of 7,339,449*** equity shares by the company aggregating to
320.00*** crores (the "Fresh Issue") and an offer for sale of 12,499,997*** equity shares aggregating to 545.00*** crores comprising an offer for sale of 3,004,587*** equity shares aggregating to 131.00*** crores by Kunhamed Bicha, 3,944,954*** equity shares aggregating to
172.00*** crores by Bhaskar Srinivasan, (the "Promoter Selling Shareholders"), 366,972*** equity shares aggregating to RS. 16.00*** crores by T P Imbichammad, 229,357*** equity shares aggregating to 10.00*** crores by Mariyam Bicha ("Promoter Group Selling Shareholders"), 1,731,651*** equity shares aggregating to 75.50*** crores by Anand Kumar, 1,490,825*** equity shares aggregating to 65.00*** crores by Sareday Seshu Kumar, 1,731,651*** equity shares aggregating to 75.50*** crores by Luquman Veedu Ediyanam (the "Other Selling Shareholders", and together with the promoter selling shareholders and promoter group selling shareholders, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale***").
The company, in consultation with the brlms, has undertaken two pre-ipo placements of equity shares aggregating to approximately 30.00 crores and approximately 50.00 crores, respectively. The size of the fresh issue has been reduced by 80.00 crores pursuant to the pre - ipo placements. Accordingly, the revised fresh issue size aggregates to
320.00 crores.
***Subject to finalisation of basis of allotment.
Bids can be made for a minimum of 34 equity shares and in multiples of 34 equity shares thereafter.
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Issue
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Money Payable On
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Opens On
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Closes On
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Application
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Allotment
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03-Apr-23
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06-Apr-23
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436.00-0.00
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0.00-0.00
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Minimum Application for shares in Nos :34 Further
Multiples of :34
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Cr
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Lead Managers to the Issue
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Project Cost
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299.40
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Project Financed through Current Offer
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865.00
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Post Issue Equity Share Capital
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13.06
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Issue Price
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436.00
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