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The first initial public offering (IPO) of Avalon Technologies, for the financial year 2023-24, is set to open for subscription next week.
Avalon Technologies IPO Day 1: Electronic manufacturing services firm Avalon Technologies Ltd's initial public offering is set to open for subscription today
Among the risks, any increase in the cost of raw materials or components, or any delay, shortage, or interruption in the supply of raw materials and major production inputs may adversely affect the business.
Avalon Technologies is one of the leading fully integrated EMS companies with end-to-end operations in delivering box-build solutions in India in terms of revenue, with a focus on high-value precision engineered products. Ahead of the IPO, the company raises ₹389 crore from anchor investors.
Avalon Technologies' IPO will kick off at Dalal Street for subscription on Monday, April 3, 2023. The electronics maker will be selling its shares in the range of Rs 415-436 apiece.