Incorporated in 2015, Anlon Technology Solutions Limited 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, majorly for airports, high-rise buildings, and refineries.
The company offers services such as Airport Rescue and Fire Fighting vehicles, High rise building rescue, evacuation and fire fighting equipment, Industrial Fire Engines, Runway Rubber removal and paint removal machines, Runway sweeping and Bay cleaning, Disabled Aircraft Recovery Kit (DARK), Supply of Airport interior components.
There are two primary segments for the bifurcation of the business:
1. Engineering services: Commissions from the Sale of Equipment, Spare Parts Trading, and Maintenance and Service.
2. Designing, Fabrication, and Installation Services: Maintenance and Service for the products sold.
The company clocked a total revenue in FY20, FY21 and FY22 of Rs. 1,381.25 lacs, Rs. 1,444.00 lacs and Rs. 1,958.60 lacs respectively.
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.
Competitive Strengths:
- Experienced management team and Strong technical team.
- Strengthening trust developed by and with Anlon in years.
- Fulfilling other service gaps.
- 24*7 Availability for customer service.
- Regular technological upgradation.
- After-sales service and operation.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1105.74 | 1381.25 | 68.54 | 172.3 | 171.3 | 17.83 |
| 31-Mar-21 | 1552.78 | 1444 | 73.51 | 245.82 | 244.82 | 161.05 |
| 31-Mar-22 | 2096.9 | 1958.6 | 242.94 | 488.76 | 487.76 | 580.94 |
| 30-Sep-22 | 2041.97 | 1341.96 | 239.2 | 822.96 | 412.46 | 557.87 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company proposes to utilize the funds which are being raised through this Issue towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
Anlon Technology Solutions IPO Details
| IPO Date | Dec 29, 2022 to Jan 2, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹95 to ₹100 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,500,000 shares of ₹10 (aggregating up to ₹15.00 Cr) |
| Fresh Issue | 1,500,000 shares of ₹10 (aggregating up to ₹15.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| Market Maker | RIKHAV SECURITIES LIMITED |
| Company Promoters | Mr. Unnikrishnan Nair P M and Mrs. Beena Unnikrishnan are the Promoters of the company. |
Anlon Technology Solutions IPO Tentative Timetable
Anlon Technology Solutions IPO opens on Dec 29, 2022, and closes on Jan 2, 2023. The Anlon Technology Solutions IPO bid date is from Dec 29, 2022 10.00 A.M. to Jan 2, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 29, 2022 |
| Closing Date | Jan 2, 2023 |
| Basis of Allotment | Jan 5, 2023 |
| Initiation of Refunds | Jan 6, 2023 |
| Credit of Shares to Demat | Jan 9, 2023 |
| Listing Date | Jan 10, 2023 |
Anlon Technology Solutions IPO Lot Size
The Anlon Technology Solutions IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Anlon Technology Solutions IPO Promoter Holding
| Pre Issue Share Holding | 94.55% |
| Post Issue Share Holding |
Anlon Technology Solutions IPO Review
ATSL is an engineering services provider with the supply of related spares and after-sales services. Based on its super earnings posted in the Pre-IPO period the issue is reasonably priced, but the sustainability of such super margins going forward is a major concern. The small equity base post IPO indicates longer gestation for migration to the mainboard. Well-informed cash surplus investors may park their funds for the medium to long term. Read detail review…
Anlon Technology Solutions IPO Anchor Investors
Anlon Technology Solutions IPO Anchor investor bid ended on Jan 2, 2023. A total of 1,500,000 shares are offered to Anchor investors. Anlon Technology Solutions IPO Anchor Investor Lock-in Period is Dec 28, 2022 for 50% of equity shares and May 11, 2023 for the remaining portion.
- Anchor Investor Bid Date: Dec 28, 2022
- Anchor Portion Size: Rs.15.00 crore (Shares offered * Upper Price)
- Anchor lock-in period end date (50% Shares): Around Feb 16, 2023 (30 Days)
- Anchor lock-in period end date (remaining shares): Around May 11, 2023 (90 Days)
Anlon Technology Solutions IPO Prospectus
Company Contact Information
Anlon Technology Solutions Limited
Gala No. 12 & 13, Sahakar Industrial Estate
Plot No. 164/166 Vasai Road, East,
Mumbai 401202
Phone: +91 80 41235861
Email: office.anlon@anlon.co.in
Website: https://www.anlon.co/
Anlon Technology Solutions IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: atsl.ipo@linkintime.co.in
Website: https://linkintime.co.in/