Initial public offering of 19,839,446*** equity shares of face value of Rs. 2 each ("Equity Shares") of Avalon Technologies Limited (The "Company" or the "Company" or the "Issuer") for cash at a price of Rs. 436 per equity share (including a share premium of Rs. 434 per equity share) (the "Offer Price") aggregating to Rs. 865.00 crores*** (the "Offer") comprising a fresh issue of 7,339,449*** equity shares by the company aggregating to Rs. 320.00*** crores (the "Fresh Issue") and an offer for sale of 12,499,997*** equity shares aggregating to Rs. 545.00*** crores comprising an offer for sale of 3,004,587*** equity shares aggregating to Rs. 131.00*** crores by Kunhamed Bicha, 3,944,954*** equity shares aggregating to Rs. 172.00*** crores by Bhaskar Srinivasan, (the "Promoter Selling Shareholders"), 366,972*** equity shares aggregating to RS. 16.00*** crores by T P Imbichammad, 229,357*** equity shares aggregating to Rs. 10.00*** crores by Mariyam Bicha ("Promoter Group Selling Shareholders"), 1,731,651*** equity shares aggregating to Rs. 75.50*** crores by Anand Kumar, 1,490,825*** equity shares aggregating to Rs. 65.00*** crores by Sareday Seshu Kumar, 1,731,651*** equity shares aggregating to Rs. 75.50*** crores by Luquman Veedu Ediyanam (the "Other Selling Shareholders", and together with the promoter selling shareholders and promoter group selling shareholders, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale***"). The company, in consultation with the brlms, has undertaken two pre-ipo placements of equity shares aggregating to approximately Rs. 30.00 crores and approximately Rs. 50.00 crores, respectively. The size of the fresh issue has been reduced by Rs. 80.00 crores pursuant to the pre - ipo placements. Accordingly, the revised fresh issue size aggregates to Rs. 320.00 crores. ***Subject to finalisation of basis of allotment. Bids can be made for a minimum of 34 equity shares and in multiples of 34 equity shares thereafter.