Avalon Technologies has debuted at Rs 431.00 on the BSE, down by 5 points or 1.15% from its issue price of Rs 436.
The scrip is currently trading at Rs 416.00, down by 20.00 points or 4.59% from its issue price. It has touched a high and low of Rs 435.30 and Rs 411.70 respectively. So far 1.38 lakh shares were traded on the counter.
The offering, which was open for subscription between April 3, 2023 and April 6, 2023 was subscribed 2.21 times. The issue price was fixed at Rs 436 per share i.e. at upper end of price band of Rs 415-436 apiece.
Avalon Technologies is an end-to-end electronic manufacturing service solutions provider and counts Kyosan India, Zonar Systems Inc, Collins Aerospace, e-Infochips, The US Malabar Company, Meggitt (Securaplane Technologies Inc) and Systech Corporation as some of its key clients.
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