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Avalon Technologies' IPO gets 3% subscription on Day 1
Avalon Technologies' initial public offering (IPO) got subscribed 3% on the first day, with bids for 3.68 lakh equity shares against 1.14 crore shares on offer. Retail investors accounted for 16% of the subscription, with non-institutional investors at 1%. No bids were made by institutional investors on the IPO, and it will close on April 6.
Avalon Technologies' initial public offering (IPO) got subscribed 3% on the first day, with bids for 3.68 lakh equity shares against 1.14 crore shares on offer. Retail investors accounted for 16% of the subscription, with non-institutional investors at 1%. No bids were made by institutional investors on the IPO, and it will close on April 6. 
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