According to main and secondary market consultants, the general public difficulty price ₹865 crore obtained lackluster response from buyers throughout classes as the difficulty was extremely priced. They went on so as to add that greater valuation could foil probabilities of greater premium for the allottees as Avalon Technologies shares could have a flat debut on Dalal Street immediately. Primary market consultants additionally imagine that Avalon Technologies IPO listing worth can be round ₹446 per fairness share as shares of the corporate is accessible at a premium of ₹10 in gray market immediately.

According to main and secondary market consultants, the general public difficulty price ₹865 crore obtained lackluster response from buyers throughout classes as the difficulty was extremely priced. They went on so as to add that greater valuation could foil probabilities of greater premium for the allottees as Avalon Technologies shares could have a flat debut on Dalal Street immediately. Primary market consultants additionally imagine that Avalon Technologies IPO listing worth can be round ₹446 per fairness share as shares of the corporate is accessible at a premium of ₹10 in gray market immediately.

Speaking on Avalon Technologies IPO listing, Abhay Doshi, Founder at UnlistedArea.com, which offers in unlisted shares, mentioned, “The IPO of Avalon Technologies received a lackluster response across all categories. While the company has reported attractive margins compared to its peers, the IPO pricing was bit expensive, leaving little for investors on table. Additionally, primary market sentiments remains to be jittery, which may result in a flat listing for Avalon Technologies with the IPO likely to list around its issue price.”

Speaking on Avalon Technologies IPO listing, Abhay Doshi, Founder at UnlistedArea.com, which offers in unlisted shares, mentioned, “The IPO of Avalon Technologies received a lackluster response across all categories. While the company has reported attractive margins compared to its peers, the IPO pricing was bit expensive, leaving little for investors on table. Additionally, primary market sentiments remains to be jittery, which may result in a flat listing for Avalon Technologies with the IPO likely to list around its issue price.”

Expecting additional dip in Avalon Technologies share worth after flat itemizing, A R Ramachandran, Co-founder & Trainer at Tips2trades mentioned, “Even though fundamentals of Avalon Technologies Ltd are great in terms of profitability and return ratios, PE ratio of above 50 in the current environment looks expensive.” Ramachandran suggested ‘purchase on dips’ technique post-listing within the scrip as he anticipated the Avalon Technologies shares to make additional lows after itemizing.

Expecting additional dip in Avalon Technologies share worth after flat itemizing, A R Ramachandran, Co-founder & Trainer at Tips2trades mentioned, “Even though fundamentals of Avalon Technologies Ltd are great in terms of profitability and return ratios, PE ratio of above 50 in the current environment looks expensive.” Ramachandran suggested ‘purchase on dips’ technique post-listing within the scrip as he anticipated the Avalon Technologies shares to make additional lows after itemizing.

What Avalon Technologies GMP alerts?

According to main market consultants, Avalon Technologies IPO GMP (gray market premium) immediately is ₹10, which implies gray market too is anticipating flat itemizing of Avalon Technologies shares. Unlisted share market consultants went on so as to add that Avalon Technologies IPO GMP immediately is ₹10, which implies gray market is anticipating that Avalon Technologies IPO itemizing worth can be round ₹446 ( ₹436 + ₹10), which is round 2 per cent greater from Avalon Technologies IPO worth band of ₹415 to ₹436 per fairness share.

What Avalon Technologies GMP alerts?

According to main market consultants, Avalon Technologies IPO GMP (gray market premium) immediately is ₹10, which implies gray market too is anticipating flat itemizing of Avalon Technologies shares. Unlisted share market consultants went on so as to add that Avalon Technologies IPO GMP immediately is ₹10, which implies gray market is anticipating that Avalon Technologies IPO itemizing worth can be round ₹446 ( ₹436 + ₹10), which is round 2 per cent greater from Avalon Technologies IPO worth band of ₹415 to ₹436 per fairness share.

Avalon Technologies administration has already introduced to make use of internet proceeds from public difficulty for reimbursement of all or a portion of sure excellent borrowings of itself and one among its subsidiaries Avalon Technology and Services. Also, the corporate plans to make use of recent capital proceeds for funding working capital necessities and common company functions.

Avalon Technologies administration has already introduced to make use of internet proceeds from public difficulty for reimbursement of all or a portion of sure excellent borrowings of itself and one among its subsidiaries Avalon Technology and Services. Also, the corporate plans to make use of recent capital proceeds for funding working capital necessities and common company functions.

In three days bidding from third to sixth April 2023, Avalon Technologies IPO bought subscribed 2.34 occasions on sturdy response by QIB class buyers. The retail portion of the general public difficulty bought subscribed 0.88 occasions whereas its QIB class bought subscribed 3.77 occasions. The public difficulty bought subscribed 0.43 occasions in NII phase.

In three days bidding from third to sixth April 2023, Avalon Technologies IPO bought subscribed 2.34 occasions on sturdy response by QIB class buyers. The retail portion of the general public difficulty bought subscribed 0.88 occasions whereas its QIB class bought subscribed 3.77 occasions. The public difficulty bought subscribed 0.43 occasions in NII phase.

Disclaimer: The views and suggestions made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to test with licensed consultants earlier than taking any funding choices.

Disclaimer: The views and suggestions made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to test with licensed consultants earlier than taking any funding choices.