NEW DELHI: Electronic production services and products company Avalon TechnologiesThe preliminary percentage sale were given subscribed 3 in keeping with cent at the first day of be offering on Monday.
The Initial Public Offering (IPO) gained bids for three.68 lakh fairness stocks in opposition to 1.14 crore stocks on be offering, consistent with the information to be had with the National Stock Exchange (NSE).
The portion for retail person buyers (RIIs) gained 16 in keeping with cent subscription whilst the quota for non-institutional buyers (NIIs) used to be subscribed an insignificant 1 in keeping with cent.
However, no bids had been made through Qualified Institutional Buyers (QIBs) for the IPO.
The factor will shut on April 6.
On Friday, Avalon Technologies stated it has raised just a little over Rs 389 crore from anchor buyers.
The IPO incorporates a contemporary factor aggregating Rs 320 crore and an be offering on the market of as much as Rs 545 crore through promoters and present shareholders.
The corporate has fastened a worth band of Rs 415-436 in keeping with percentage.
Proceeds from the contemporary factor could be used in opposition to debt fee, investment operating capital necessities and basic company functions.
Founded in 1999, Avalon is an end-to-end digital production provider answers supplier. It has 12 production devices positioned throughout the United States and India.
JM Financial, DAM Capital Advisors, IIFL Securities and Nomura Financial Advisory and Securities (India) Pvt Ltd are the service provider bankers for the IPO.
Shares of the corporate are to be indexed at the BSE and NSE on April 18.
The Initial Public Offering (IPO) gained bids for three.68 lakh fairness stocks in opposition to 1.14 crore stocks on be offering, consistent with the information to be had with the National Stock Exchange (NSE).
The portion for retail person buyers (RIIs) gained 16 in keeping with cent subscription whilst the quota for non-institutional buyers (NIIs) used to be subscribed an insignificant 1 in keeping with cent.
However, no bids had been made through Qualified Institutional Buyers (QIBs) for the IPO.
The factor will shut on April 6.
On Friday, Avalon Technologies stated it has raised just a little over Rs 389 crore from anchor buyers.
The IPO incorporates a contemporary factor aggregating Rs 320 crore and an be offering on the market of as much as Rs 545 crore through promoters and present shareholders.
The corporate has fastened a worth band of Rs 415-436 in keeping with percentage.
Proceeds from the contemporary factor could be used in opposition to debt fee, investment operating capital necessities and basic company functions.
Founded in 1999, Avalon is an end-to-end digital production provider answers supplier. It has 12 production devices positioned throughout the United States and India.
JM Financial, DAM Capital Advisors, IIFL Securities and Nomura Financial Advisory and Securities (India) Pvt Ltd are the service provider bankers for the IPO.
Shares of the corporate are to be indexed at the BSE and NSE on April 18.