Avalon Technologies Ltd |
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| Initial public offering of 19,839,446*** equity shares of face value of
(Rs)2 each ("Equity Shares") of Avalon Technologies Limited (The "Company" or the "Company" or the "Issuer") for cash at a price of (Rs)436 per equity share (including a share premium of (Rs)434 per equity share) (the "Offer Price") aggregating to (Rs)865.00 crores*** (the "Offer") comprising a fresh issue of 7,339,449*** equity shares by the company aggregating to
(Rs)320.00*** crores (the "Fresh Issue") and an offer for sale of 12,499,997*** equity shares aggregating to (Rs)545.00*** crores comprising an offer for sale of 3,004,587*** equity shares aggregating to (Rs)131.00*** crores by Kunhamed Bicha, 3,944,954*** equity shares aggregating to
(Rs)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 (Rs)10.00*** crores by Mariyam Bicha ("Promoter Group Selling Shareholders"), 1,731,651*** equity shares aggregating to (Rs)75.50*** crores by Anand Kumar, 1,490,825*** equity shares aggregating to (Rs)65.00*** crores by Sareday Seshu Kumar, 1,731,651*** equity shares aggregating to (Rs)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 (Rs)30.00 crores and approximately (Rs)50.00 crores, respectively. The size of the fresh issue has been reduced by (Rs)80.00 crores pursuant to the pre - ipo placements. Accordingly, the revised fresh issue size aggregates to
(Rs)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. |
| Issue |
Money Payable On |
| Opened On |
Closed On |
Offer Price |
Application Money |
Allotment Money |
| 03-Apr-23 |
06-Apr-23 |
( )436.00 |
( )436.00 |
( )0.00 |
| Minimum Application for shares in Nos :34 Further Multiples of :34 |
| |
( Cr) |
Lead Managers to the Issue |
| Project Cost |
299.40 |
| DAM Capital Advisors Ltd | | IIFL Securities Ltd | | JM Financial Ltd | | Nomura Financial Advisory & Securities (I) Pvt Ltd |
|
| Project Financed through Current Offer |
865.00 |
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| Post Issue Equity Share Capital |
13.06 |
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| Face Value |
2 |
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| Issue Price |
( )436.00 |
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