Avalon Technologies IPO: Make arrangements for money, earning opportunity coming next week, this IPO will open on April 3 – avalon technologies ipo will open for subscription on april 3rd 2023 know gmp and share price
reduced the size of the IPO
Avalon has completed a pre-IPO placement of Rs 160 crore. Under this, new shares worth Rs 80 crore have been issued. The company had earlier targeted to raise Rs 1,025 crore through the public offer. But later the company reduced the size of the IPO to Rs 865 crore. The size of the IPO has been reduced after the pre-IPO placement by the company worth Rs 160 crore.
Government is selling stake in this defense sector company, shares become cheaper by 6%, should you investApproval was received in January
In January, the company got the go-ahead from the capital market regulator SEBI to launch its IPO (Avalon Technologies IPO). The company will use the proceeds from the IPO to pay off debt, provide funds for working capital requirements and for general corporate purposes. The total debt of the company as on June 30, 2022 was Rs 312 crore.
Let us tell you that Avalon Technologies IPO was established in the year 1999. The company offers fully integrated services to global original equipment manufacturers in India, USA, China, Netherlands and Japan. The company has 12 manufacturing units in the US and India.
