Anlon Technology Solutions Limited IPO

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i. Anlon Technology is primarily engaged in the business of providing engineering services for engineering systems, built on automotive chassis and allied areas, majorly for airports, high rise buildings and refineries. The Company also sells spare parts for performing engineering services which is ancillary part of the engineering services.

ii. In FY22, the company has entered into a contract for fabrication and installation of airport interior equipment where they did sourcing, supervising & quality control of the manufacturing process, and did safe transportation & installation of the end product to the installation site, overseeing safe installation, and have supplied conveyer belt systems in airports for air cargo handling companies and have also been providing equipment and services for runway maintenance.

iii. Simply, the company identifies requirements in aviation infrastructure and mobile fire-fighting, and coordinate for imports high performance equipment from world class suppliers. Part of the mission of the company is to understanding the need of the market and translate the same onto specialist manufacturers for working out and offer appropriate solutions. In case of overseas manufacturers, which most often is the case, Anlon provides end to end techno-commercial support which include specifying the solution, facilitate techno-commercial interaction between the manufacturer and the end user, and assist in order processing, and support in successful implementation by providing all logistic support in India such as custom clearance, inland transportation, etc. They further offer their help in installation, commissioning, training, warranty and post-warranty services and thus looking after the equipment for its whole lifetime.

iv. The compnay identify services and quality standard gaps, and provide solutions through high performance machines (primarily trucks) and other airport, fire fighting and rescue equipment and providing services of supply, operations and maintenance of equipments and spare parts.

v. There are two primary segments for bifurcation of revenue as per accounting standard, which are:

1. Engineering services

a. Commissions from Sale of Equipment
b. Spare Parts Trading
c. Maintenance and Service

2. Designing, Fabrication and Installation Services

vi.Competitive Strengths

i. Experienced management team
ii. Strong technical team
iii. Strengthening trust developed by and with Anlon in year.



Objects of the Anlon Technology Solutions Limited IPO:

The Company proposes to utilize the funds which are being raised through this Issue towards the following objects: 1. Funding the working capital requirements of the company 2. General Corporate Purposes

Anlon Technology Solutions Limited IPO Details:

Open Date: Dec 29 2022
Close Date: Jan 02 2023
Total Shares: 1,500,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 15 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 100 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jan 10 2023

Promoters And Management:

(i) Unnikrishnan Nair P M, aged 54 years, is the Chairman of the Board, Managing Director and Promoter of the Company. He holds Bachelor’s degree in Engineering – Mechanical from Bangalore University. He has more than 28 years of experience in the aviation industry. (ii) Beena Unnikrishnan, aged 53 years, Whole-Time Director and Promoter of the Company. She holds Bachelors Degree in Arts from University of Kerala. She has more 10 than years of experience in the Human Resources, operations and financial matters. (iii) Veena Praveen, aged 47 years, is the Non-Executive Director of the Company. She holds Bachelor’s degree in Commerce from M.G. University. She has more than 10 years of experience in accounting.  

Financials of Anlon Technology Solutions Limited IPO:

( Fig. in Lakhs )
Particulars (In Lakhs ) 2022 2021 2020
Revenue 1,959 1,444 1,381
EBITDA 436 137 115
PAT 243 74 69
OPM (%) 22.28% 9.52% 8.32%
EBIT 416 118 102
NPM (%) 12.40% 5.09% 4.96%
No.of Shares 56.05 56.05 56.05
EPS 4.3 1.3 1.2

Comparison With Peers:

Currently, there are no peers in the listed market which can be compared with Anlon Technology.

Recommendation on Anlon Technology Solutions Limited IPO:

Review and Recommendation of Anlon Technology Solutions Limited by IZ team is 5/10 1. Anlon Technology Solutions Ltd main line of business is the provision of engineering services for systems constructed on car chassis and related fields, primarily for airports, skyscrapers, and refineries. In addition to providing technical services, the company also offers spare parts for use in those services. 2. In FY22, the company entered a contract for fabrication and installation of airport interior equipment. They procured, supervised, and quality controlled production, safe transit & installation. They provided airport conveyor belt systems for cargo handlers and runway maintenance equipment and services. 3. Revenue are divided into two segments (i). Engineering services — Equipment commissions, spare parts trading, and maintenance and service. (ii). Designing, fabricating, and installing. 4. Their Service business is divided into two more categories: (i) Mobile Fire Fighting, Rescue, and Evacuation Equipment and Allied Services: (ii) Airport Rescue and Fire Fighting vehicles (ARFF) (ii) High rise building rescue, evacuation, and fire fighting equipment (iv) Fire Engines. 5. Other Airport Services: (i) Runway Rubber and Paint Removal Machines (ii) Bay and runway sweeping (iii) DARK-Disabled Aircraft Recovery Kit (iv) Airport components supply. 6. Competitive Strengths — Experienced management, strong technical staff, Anlon's years of trust ,Filling service gaps Customer service 24x7, technological Upgrades, after-sales servicing, and operation. 7. Their organisation serves consumers in Mumbai, Bangalore, Thane, Delhi, Hyderabad, Kurnool, Kannur, Jamnagar, Kolkata, Barmer, Ahmedabad, Lucknow, Guwahati, Mangalore, and Chennai. 8. The Revenue has Increased from 13 Crore in FY20 to 19 Crore in FY22. 9. The PAT has Increased from 68 Lakhs in FY20 to 2.42 Crore in FY22. 10. The EBITDA has increased from 1 Crore in FY20 to 4 Crore in FY22. 11. As per FY22, EPS is 4.3, ROE is 11% (post IPO) 12. As per FY22, Market Capitalization is 56 Crore & P/E is 23.2x

Lead Manager of Anlon Technology Solutions Limited IPO:


Registrar of Anlon Technology Solutions Limited IPO:

  1. Link Intime India Private Limited

Company Address:

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: Website  

Discussion on Anlon Technology Solutions Limited IPO:


    The final subscription of Anlon Technology Solutions is-

    QIB – 54X
    Non institutional buyers – 883x
    Retail investors – 443x


    Almost 4000 Crores of subscription has been received.

    The GMP of Anlon Technologies solutions ltd is around 60%.

    and Day 2 Subscription of IPO

    QIB 9x
    NII 73X
    Retail 113x


    DAY 1 Anion Technologies subscription –

    QIB 4.27 x
    NII 14.58 x
    Retail 35.12x

    Total SUBSCRIPTION 21.92x

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