Home/IPOs/AVALON
Start Date03-04-2023
Application Timing10am-5pm
Price Range₹415 - ₹436
Min Qty34
Min. Investment₹14110
Listing DateNA
Close Date06-04-2023
About Avalon Technologies Limited
Why To Invest in Avalon Technologies Limited
Leading and fully integrated player in the EMS (Electronic Manufacturing Services) company. The IPO proceeds will be used for repaying outstanding borrowings of the company and subsidiary and working capital funding.
Strengths And Risks
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End-to-end Solution Provider:: Through their end-to-end capabilities, they help their customers achieve reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence.
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Diversified Product Portfolio: : Their capabilities include PCB design and assembly, cable assembly and wire harnesses, sheet metal fabrication and machining, magnetics, injection molded plastics and end-to-end box build of electronic systems.
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Diversified Client Base: : They have increased key customer base across industries over time from 54 customers in Fiscal 2020 to 62 customers in Fiscal 2021, to 81 customers in Fiscal 2022, to minimise key client concentration risk. The end-use industries include a mix of established and long product lifecycle industries, such as industrial, mobility and medical devices and high growth sunrise industries, such as solar, electric vehicles and hydrogen in the clean energy sector and digital infrastructure in the communications sector.
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Strong Customer Relationships: : Some of their key customers include Kyosan India Private Limited, Zonar Systems Inc, Collins Aerospace, e-Infochips Private Limited, The US Malabar Company, Meggitt (Securaplane Technologies Inc) and Systech Corporation, with whom they have relationships for more than seven years.
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Recognition: : They have been recognized by their customers with various awards including “Best Supplier Award for demonstrated sustained performance” from Collins Aerospace, Bengaluru in 2019 and “Supplier Excellence Award for Strategic Partnership” from Faiveley Transport Rail Technologies India Private Limited, a Wabtec Company in 2018
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Operational Risk: : Their manufacturing facilities are critical to business. Any disruption in manufacturing facilities can have adverse effects on business, operations and financial condition.
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Supply Risk: :
They mainly source raw materials, including integrated circuits, sensors and transistors, from certain suppliers, any increase in cost or supply chain disruption can impact business.
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Key Client Risk: : They are dependent on certain customers for a portion of revenues. Loss of relationship with any of these customers or a reduction in their demand can impact revenue.
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Competition: : They face significant competition, and risk due to rapid technological change, development of new products and their rapid obsolescence, evolving industry standards and significant price erosion over the life of a product.
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Pending Litigations: : Company has outstanding litigation against our Company, Promoters, Directors and Subsidiaries. An adverse outcome can impact reputation, business and revenue.
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