Avalon Technologies raised Rs 865 crore from the Initial Public Offering (IPO) which was a combination of fresh issue of Rs 320 crore and an offer for sale (OFS) worth Rs 545 crore
Bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP)
The company may consider raising Rs 80 crore through a pre-IPO placement and if such a placement is undertaken the size of the fresh issue will be reduced
The portion for Qualified Institutional Buyers (QIBs) got subscribed 3.57 times, while the category meant for Retail Individual Investors (RIIs) attracted 84 per cent subscription. The quota for non-institutional investors...
In SEBI's parlance, its observation implies its go ahead to launch the initial share-sale
The IPO comprises Rs 320 crore from fresh issuance of equity shares and Rs 545 crore through an offer for sale (OFS) of shares by promoters and existing shareholders
