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Avalon Technologies Ltd
Registered Office: B-7 First Main Road MEPZ, Tambaram, Chennai - 600045, Tamil Nadu
Phone: 91-44-42220400
Email: investorsrelations@avalontec.com
Website: www.avalontec.com
Initial public offering of 19,839,446* equity shares of face value of Rs. 2 each ("Equity Shares") of Avalon Technologies Limited (The "Company" or the "Company" or the "Issuer") for cash at a price of Rs. 436 per equity share (including a share premium of Rs. 434 per equity share) (the "Offer Price") aggregating to Rs. 865.00 crores* (the "Offer") comprising a fresh issue of 7,339,449* equity shares by the company aggregating to Rs. 320.00* crores (the "Fresh Issue") and an offer for sale of 12,499,997* equity shares aggregating to Rs. 545.00* crores comprising an offer for sale of 3,004,587* equity shares aggregating to Rs. 131.00* crores by Kunhamed Bicha, 3,944,954* equity shares aggregating to Rs. 172.00* crores by Bhaskar Srinivasan, (the "Promoter Selling Shareholders"), 366,972* equity shares aggregating to RS. 16.00* crores by T P Imbichammad, 229,357* equity shares aggregating to Rs. 10.00* crores by Mariyam Bicha ("Promoter Group Selling Shareholders"), 1,731,651* equity shares aggregating to Rs. 75.50* crores by Anand Kumar, 1,490,825* equity shares aggregating to Rs. 65.00* crores by Sareday Seshu Kumar, 1,731,651* equity shares aggregating to Rs. 75.50* crores by Luquman Veedu Ediyanam (the "Other Selling Shareholders", and together with the promoter selling shareholders and promoter group selling shareholders, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale*"). The company, in consultation with the brlms, has undertaken two pre-ipo placements of equity shares aggregating to approximately Rs. 30.00 crores and approximately Rs. 50.00 crores, respectively. The size of the fresh issue has been reduced by Rs. 80.00 crores pursuant to the pre - ipo placements. Accordingly, the revised fresh issue size aggregates to Rs. 320.00 crores. *Subject to finalisation of basis of allotment. Bids can be made for a minimum of 34 equity shares and in multiples of 34 equity shares thereafter.

Avalon Technologies Ltd

Registered Office: B-7 First Main Road MEPZ, Tambaram, Chennai - 600045, Tamil Nadu

Phone: 91-44-42220400

Email: investorsrelations@avalontec.com

Website: www.avalontec.com

Initial public offering of 19,839,446*** equity shares of face value of Rs. 2 each ("Equity Shares") of Avalon Technologies Limited (The "Company" or the "Company" or the "Issuer") for cash at a price of Rs. 436 per equity share (including a share premium of Rs. 434 per equity share) (the "Offer Price") aggregating to Rs. 865.00 crores*** (the "Offer") comprising a fresh issue of 7,339,449*** equity shares by the company aggregating to Rs. 320.00*** crores (the "Fresh Issue") and an offer for sale of 12,499,997*** equity shares aggregating to Rs. 545.00*** crores comprising an offer for sale of 3,004,587*** equity shares aggregating to Rs. 131.00*** crores by Kunhamed Bicha, 3,944,954*** equity shares aggregating to Rs. 172.00*** crores by Bhaskar Srinivasan, (the "Promoter Selling Shareholders"), 366,972*** equity shares aggregating to RS. 16.00*** crores by T P Imbichammad, 229,357*** equity shares aggregating to Rs. 10.00*** crores by Mariyam Bicha ("Promoter Group Selling Shareholders"), 1,731,651*** equity shares aggregating to Rs. 75.50*** crores by Anand Kumar, 1,490,825*** equity shares aggregating to Rs. 65.00*** crores by Sareday Seshu Kumar, 1,731,651*** equity shares aggregating to Rs. 75.50*** crores by Luquman Veedu Ediyanam (the "Other Selling Shareholders", and together with the promoter selling shareholders and promoter group selling shareholders, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale***"). The company, in consultation with the brlms, has undertaken two pre-ipo placements of equity shares aggregating to approximately Rs. 30.00 crores and approximately Rs. 50.00 crores, respectively. The size of the fresh issue has been reduced by Rs. 80.00 crores pursuant to the pre - ipo placements. Accordingly, the revised fresh issue size aggregates to Rs. 320.00 crores. ***Subject to finalisation of basis of allotment. Bids can be made for a minimum of 34 equity shares and in multiples of 34 equity shares thereafter.

Issue	Money Payable On
03-Apr-2023	06-Apr-2023	(Rs) 436.00 - 0.00	(Rs) 0.00 - 0.00

Issue

Money Payable On

Opens On

Closes On

Application

Allotment

03-Apr-2023

06-Apr-2023

(Rs) 436.00 - 0.00

(Rs) 0.00 - 0.00

(Rs)Cr.	Lead Managers to the Issue
Project Cost	299.40
Project Financed through Current Offer	865.00
Post Issue Equity Share Capital	13.06
Issue Price	(Rs) 436.00

(Rs)Cr.

Lead Managers to the Issue

Project Cost

299.40

Project Financed through Current Offer

865.00

Post Issue Equity Share Capital

13.06

Issue Price

(Rs) 436.00

Projects
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and one of its material subsidiaries ATSPL
Funding the working capital requirements of the company
General corporate purposes

Projects

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and one of its material subsidiaries ATSPL

Funding the working capital requirements of the company

General corporate purposes

Promoted By
Kunhamed Bicha
Bhaskar Srinivasan
BSE
NSE

Promoted By

Kunhamed Bicha

Bhaskar Srinivasan

BSE

NSE