Page 5 - Avalon Technologies News Today

Stocks to watch: Shares of firms like Avalon Tech, SBI, Bank of India, Tata Coffee, Pidilite, and others will be in focus on Wednesday's trade.

Stocks to watch out for today: SBI, Tata Coffee, Avalon Technologies, Piramal Pharma, Bank of India, Pidilite Industries, Tata Communications and more

The IPO will be entirely an offer-for-sale (OFS) of 40,058,844 shares, where promoters and other existing shareholders will offload their stake.

Avalon Technologies IPO listing date has been fixed on 18th April 2023 i.e. today.

Avalon Technologies's IPO was open for subscription between April 3-6 as the company raised Rs 865 crore via primary route in the fixed price band of Rs 415-436.

The stocks of ICICI Lombard, Tata Coffee and Crisil will be in focus as the companies are announcing the results for the last quarter today.

Avalon IPO shares now traded flat to negative in the grey market, analysts on anonymity said. The sharp profit booking in the equity markets after nine-day run might also impact the listing performance.

Shares of Indian electronic manufacturing services firm Avalon Technologies fell as much as 8.5% in the early hours of their trading debut today, underscoring weak investor interest in a volatile capital market.

ICICI Lombard Insurance, Schaeffler India, CRISIL and Tata Coffee will be among the stocks in focus as they will be declaring their March quarter earnings today.

The stock started off at Rs 431 on the BSE against issue price of Rs 436 per share, while the listing price on the NSE was Rs 436.