Avalon Technologies IPO vs Tata Technologies IPO

Comparision between Avalon Technologies IPO and Tata Technologies IPO.

IPO Details

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

	Avalon Technologies IPO	Tata Technologies 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	Jm Financial Limited Citigroup Global Markets India Private Limited Bofa Securities India 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 Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of Tata Technologies IPO is ₹500.00 per share.

	Avalon Technologies IPO	Tata Technologies IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹415.00 per share	₹475.00 per share
Issue Price (Upper)	₹436.00 per share	₹500.00 per share
Issue Price (Final)	₹436.00 per share	₹500.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	34 shares	30 shares
Fresh Issue Size	73,39,450 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr
OFS Issue Size	1,25,00,000 shares	6,08,50,278 shares
OFS Issue Size (Amount)	up to ₹545.00 Cr	up to ₹3,042.51 Cr
Issue Size Total	1,98,39,450 shares	6,08,50,278 shares
Issue Size Total (Amount)	up to ₹865.00 Cr	up to ₹3,042.51 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of Avalon Technologies IPO and Tata Technologies IPO is Apr 06, 2023, and Nov 24, 2023, respectively.

	Avalon Technologies IPO	Tata Technologies IPO
Anchor Bid Date	Mar 31, 2023	Nov 21, 2023
Issue Open	Apr 03, 2023	Nov 22, 2023
Issue Close	Apr 06, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Apr 12, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Apr 13, 2023	Nov 29, 2023
Credit of Share (Tentative)	Apr 17, 2023	Nov 29, 2023
Listing date (Tentative)	Apr 18, 2023	Nov 30, 2023
Anchor Lockin End date 1	May 12, 2023	Dec 28, 2023
Anchor Lockin End date 2	Jul 11, 2023	Feb 26, 2024

Financials

Avalon Technologies IPO P/E ratio is 55.54, as compared to Tata Technologies IPO P/E ratio of 32.53.

Avalon Technologies IPO

Tata Technologies 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

Tata Technologies Limited Financial Information (Restated Consolidated)

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,142.42	5,201.49	4,218.00	3,572.74
Revenue	2,587.42	4,501.93	3,578.38	2,425.74
Profit After Tax	351.90	624.04	436.99	239.17
Net Worth	2,853.13	2,989.47	2,280.16	2,142.15
Reserves and Surplus	2,455.29	2,605.60	2,028.93	1,897.46
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

70.75%

66.79%

Promoter Shareholding (Post-Issue)

51.24%

55.39%

P/E Ratio

55.54

32.53

Market Cap

₹2846.76 Cr.

₹20283.43 Cr.

ROE

85.90%%

ROCE

27.40%%

Debt/Equity

3.64

EPS

₹15.37

RoNW

20.87%%

Shares Offered

In the Avalon Technologies IPO retail investors (RII) are offered 19,83,944 shares while in Tata Technologies IPO retail investors are offered 19,83,944 shares. Qualified institutional buyers (QIB) are offered 59,15,011 shares in Avalon Technologies IPO and 1,05,47,382 shares in Tata Technologies IPO.

	Avalon Technologies IPO	Tata Technologies IPO
Anchor Investor Reserveration	89,27,751 shares	1,58,21,071 shares
Market Maker Reserveration
QIB	59,15,011 shares	1,05,47,382 shares
NII	29,75,917 shares	79,10,537 shares
RII	19,83,944 shares	1,84,57,919 shares
Employee	0 shares	20,28,342 shares
Others
Total	1,08,44,186 shares	4,50,29,207 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas Tata Technologies IPO subscribed 69.43x.

	Avalon Technologies IPO	Tata Technologies IPO
QIB (times)	3.77x	203.41x
NII (times)	0.43x	62.11x
Big NII (times)	0.44x	70.67x
Small NII (times)	0.41x	44.98x
RII (times)	0.88x	16.50x
Employee (times)		3.70x
Other (times)		29.20x
Total (times)	2.34x	69.43x

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Divgi TorqTransfer Systems IPO	Avalon Technologies IPO
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Radiant Cash Management IPO	Global Surfaces IPO

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