Avalon Technologies IPO vs Divgi TorqTransfer Systems IPO

Comparision between Avalon Technologies IPO and Divgi TorqTransfer Systems IPO.

IPO Details

Avalon Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Divgi TorqTransfer Systems IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Avalon Technologies IPO	Divgi TorqTransfer Systems IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Jm Financial Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Inga Ventures Pvt Ltd Equirus Capital Private Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Avalon Technologies IPO is up to ₹865.00 Cr whereas the issue size of the Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of Divgi TorqTransfer Systems IPO is ₹590.00 per share.

	Avalon Technologies IPO	Divgi TorqTransfer Systems IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹415.00 per share	₹560.00 per share
Issue Price (Upper)	₹436.00 per share	₹590.00 per share
Issue Price (Final)	₹436.00 per share	₹590.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	34 shares	25 shares
Fresh Issue Size	73,39,450 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr	up to ₹180.00 Cr
OFS Issue Size	1,25,00,000 shares	39,34,243 shares
OFS Issue Size (Amount)	up to ₹545.00 Cr	up to ₹232.12 Cr
Issue Size Total	1,98,39,450 shares
Issue Size Total (Amount)	up to ₹865.00 Cr	up to ₹412.12 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while Divgi TorqTransfer Systems IPO opens on Mar 01, 2023. The closing date of Avalon Technologies IPO and Divgi TorqTransfer Systems IPO is Apr 06, 2023, and Mar 03, 2023, respectively.

	Avalon Technologies IPO	Divgi TorqTransfer Systems IPO
Anchor Bid Date	Mar 31, 2023	Feb 28, 2023
Issue Open	Apr 03, 2023	Mar 01, 2023
Issue Close	Apr 06, 2023	Mar 03, 2023
Basis Of Allotment (Tentative)	Apr 12, 2023	Mar 09, 2023
Initiation of Refunds (Tentative)	Apr 13, 2023	Mar 10, 2023
Credit of Share (Tentative)	Apr 17, 2023	Mar 13, 2023
Listing date (Tentative)	Apr 18, 2023	Mar 14, 2023
Anchor Lockin End date 1	May 12, 2023	Apr 08, 2023
Anchor Lockin End date 2	Jul 11, 2023	Jun 07, 2023

Financials

Avalon Technologies IPO P/E ratio is 55.54, as compared to Divgi TorqTransfer Systems IPO P/E ratio of 35.16.

Avalon Technologies IPO

Divgi TorqTransfer Systems IPO

Financial

Avalon Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	449.65	653.15	12.33	248.48
31-Mar-21	512.48	695.90	23.08	295.33
31-Mar-22	587.96	851.65	68.16	294.05
Amount in ₹ Crore

Divgi TorqTransfer Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	303.70	170.74	28.04	209.53	203.51	50.41
31-Mar-21	362.88	195.03	38.04	295.88	288.99	0.26
31-Mar-22	405.37	241.87	46.15	340.02	326.25	0.12
30-Sep-22	430.21	137.55	25.66	356.20	342.44	0.50
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

70.75%

67.18%

Promoter Shareholding (Post-Issue)

51.24%

P/E Ratio

55.54

35.16

Market Cap

₹2846.76 Cr.

₹1804.39 Cr.

ROE

85.90%%

ROCE

27.40%%

Debt/Equity

3.64

EPS

RoNW

Shares Offered

In the Avalon Technologies IPO retail investors (RII) are offered 19,83,944 shares while in Divgi TorqTransfer Systems IPO retail investors are offered 19,83,944 shares. Qualified institutional buyers (QIB) are offered 59,15,011 shares in Avalon Technologies IPO and 20,95,528 shares in Divgi TorqTransfer Systems IPO.

	Avalon Technologies IPO	Divgi TorqTransfer Systems IPO
Anchor Investor Reserveration	89,27,751 shares	31,43,290 shares
Market Maker Reserveration
QIB	59,15,011 shares	20,95,528 shares
NII	29,75,917 shares	10,47,763 shares
RII	19,83,944 shares	6,98,509 shares
Employee	0 shares	0 shares
Others
Total	1,08,44,186 shares	38,41,800 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas Divgi TorqTransfer Systems IPO subscribed 5.44x.

	Avalon Technologies IPO	Divgi TorqTransfer Systems IPO
QIB (times)	3.77x	7.83x
NII (times)	0.43x	1.40x
Big NII (times)	0.44x	0.89x
Small NII (times)	0.41x	2.41x
RII (times)	0.88x	4.31x
Employee (times)
Other (times)
Total (times)	2.34x	5.44x

Compare with others

Avalon Technologies IPO	Divgi TorqTransfer Systems IPO
HMA Agro Industries IPO	Nexus Select Trust REIT
IKIO Lighting IPO	Mankind Pharma IPO
Tata Technologies IPO	Avalon Technologies IPO
Nexus Select Trust REIT	Udayshivakumar Infra IPO
Mankind Pharma IPO	Global Surfaces IPO
Udayshivakumar Infra IPO	Signatureglobal India IPO
Global Surfaces IPO	Radiant Cash Management IPO
Divgi TorqTransfer Systems IPO	KFin Technologies IPO
Signatureglobal India IPO	Abans Holdings IPO
Radiant Cash Management IPO	Sah Polymers IPO

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