The upcoming initial public offering(IPO) is-
Anlon Technology Solutions Limited-
Anlon Technology Solutions Limited is engaged in the business of providing engineering services for engineering systems, built on automotive chassis and allied areas for airports, high-rise buildings, and refineries. The Company also sells spare parts for engineering services which are an ancillary part of its engineering services. It has entered into a contract for the fabrication and installation of airport interior equipment where it does sourcing, supervising & quality control of the manufacturing process, and safe transportation & installation of the end product to the installation site.
The company identifies requirements in aviation infrastructure and mobile fire-fighting and coordinates for imports of equipment from world-class suppliers. In the case of overseas manufacturers, Anlon provides end-to-end techno-commercial support, facilitates techno-commercial interaction between the manufacturer and the end user, and assists in order processing, and its successful implementation. The company further offers its help in installation, commissioning, training, warranty, and post-warranty services thereby looking after the equipment for its whole lifetime.
The promoters of the company are Mr. Unnikrishnan Nair P. M and Mrs. Beena Unnikrishnan. The net proceeds from the issue would be utilized for funding the working capital requirements of the company and general corporate purposes.
The company had revenues of Rs 13.81 crore with a profit of 68.45 lakhs (Year ended March 31, 2020), revenues of Rs.14.44 crores with a profit of Rs. 73.51 lakhs (Year ended March 31, 2021), and revenue of Rs. 19.58 crores with a net profit of Rs. 2.42 crores (Year ended March 31, 2022).
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