Avalon Technologies IPO: Latest GMP, price band ahead of subscription opening next week
The price band is set at ₹415 to ₹436 per share
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The price band is set at ₹415 to ₹436 per share
Avalon Technologies is looking to raise Rs 865 crore via the IPO, of which Rs 320 crore will comprise fresh issuance of shares, while the remaining Rs 545 crore will be through an offer-for-sale by promoters and existing shareholders.
Paytm shares stood at Rs 630 apiece, up 1.4 per cent. Morgan Stanley's price target suggests a 10 per cent potential upside for the stock.
The three-day initial share-sale would be open for public subscription during April 3-6 and the bidding for anchor investors will open on March 31, Avalon Technologies announced.
Avalon Technologies IPO: The initial public offer (IPO) of Avalon Technologies will open for subscription on April 3, and it will remain open for four days till April 6. Through the IPO, the company aims to raise Rs 865 crore. Watch this Business Today Visual Story to check Avalon Technologies IPO GMP, price band, lost size and other details.