Anlon Technology Solutions IPO will open for subscription from 29 December 2022. the company aims for an issue size of ₹15 Cr through this IPO.
About Company
Anlon Technology is primarily engaged in the business of providing engineering services. The company provides engineering services for engineering systems, built on automotive chassis and allied areas, mostly for airports, high-rise buildings, and refineries.
The company also sells spare parts for performing engineering services. In FY 2022, it entered into a contract for the fabrication and installation of airport interior equipment where it did sourcing, supervising & quality control of the manufacturing process, and did safe transportation & installation of the end product to the installation site.
The company provides services to clients spread across the country, namely in cities like Mumbai, Bangalore, Thane, Delhi, Hyderabad, Kurnool, Kannur, Jamnagar, Kolkata, Barmer, Ahmedabad, Lucknow, Guwahati, Mangalore, and Chennai. There are two primary segments for the company’s business:
- Engineering services: (Commissions from the Sale of Equipment, Spare Parts Trading, and Maintenance and Service)
- Designing, Fabrication, and Installation Services: (Maintenance and Service for the products sold)
Basic details about the company
| Full name | Anlon Technology Solutions Limited |
| Sector | Capital Goods |
| Industry | Engineering |
| Company Website | https://www.anlon.co/ |
The objective of the Issue
- Funding the working capital requirements of the company
- General Corporate Purposes
Major Competitive strengths
- The experienced management team and Strong technical team.
- 24*7 Availability for customer service and Fulfilling other service gaps.
- 24*7 Availability for customer service and After-sales service and operation.
IPO Timetable
| IPO Opening date | 29 December 2022 |
| IPO Closing | 02 January 2023 |
| Basis of Allotment | 05 January 2023 |
| Initiation Refund | 06 January 2023 |
| Credit to Demat Account | 09 January 2023 |
| Listing Date | 10 January 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹15.00 Cr – 1,500,000 shares |
| Fresh Issue | ₹15.00 Cr – 1,500,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹95 to ₹100 per share |
| Lot size | 1200 Shares |
| Retail Allocation | 35% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 13.69 | 14.35 | 19.34 | 13.20 |
| Expenses | 12.86 | 13.40 | 16.17 | 10.09 |
| Net income | 0.69 | 0.74 | 2.43 | 2.39 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.71 | 1.83 | 6.06 |
| PE ratio | – | – | 16.50 |
| RONW (%) | 39.78 | 29.90 | 49.71 |
| NAV | – | – | 20.05** |
| ROCE (%) | 57.71 | 31.94 | 37.58 |
| EBITDA Margin (%) | 7.95 | 9.21 | 20.98 |
Company Promoters
- Mr. Unnikrishnan Nair P M
- Mrs. Beena Unnikrishnan
Promoter Holding
| Pre Issue Share Holding | 94.55% |
| Post Issue Share Holding | -% |
Lead Manager(s)
- GYR Capital Advisors Limited
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: +91 022 49186200
Email: atsl.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
ANLON TECHNOLOGY SOLUTIONS LIMITED
Plot No.22, Doddaballapur Integrated
Textile Park SW-51, Apparel Park,
Phase II, KIADB Industrial Area
Doddaballapur, Karnataka 561203
Phone:+91 80 41235861
E-mail: office.anlon@anlon.co.in
Website: www.anlon.co
Allotment Status
Anlon Technology IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Anlon Technology Solutions IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
