Avalon Technologies IPO closes today; issue subscribed 63%, retail portion booked 64%
Avalon Technologies IPO | Overall, EMS industry is expected to grow at a CAGR of 32 percent to reach Rs 4.5 lakh crore by FY26, from Rs 1.47 lakh crore in FY22.
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Avalon Technologies IPO | Overall, EMS industry is expected to grow at a CAGR of 32 percent to reach Rs 4.5 lakh crore by FY26, from Rs 1.47 lakh crore in FY22.
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The price band has been fixed at Rs 415-436 per share of face value of Rs 2 each.
The brokerage firms are majorly positive on Avalon's issue and suggest subscribing to it citing its reasonable valuations, health growth prospects, solid track record and sound balance sheet.
The first initial public offering (IPO) of Avalon Technologies, for the financial year 2023-24, is set to open for subscription next week.