Avana Electrosystems IPO
Open SmeCurrent GMP
₹16 (+27.12%)
Price Band
₹ 56 – 59
Lot Size
2000
Issue Size
₹35 Cr
Minimum Investment
₹236000 (4000 Shares)
Listing Date
20 January 2026
Subscription
131.89x
About the Company
Avana Electrosystems Limited, incorporated in 2010, is engaged in the design, manufacturing, and supply of customized Control and Relay Panels for power system applications.
The company offers a comprehensive range of Control and Relay Panels from 11 kV to 220 kV, catering to power system monitoring, control, and protection requirements for transmission lines, power transformers, bus bars, capacitor banks, and related applications. These solutions are suitable for both indoor and outdoor installations and include Medium Voltage (MV) and Low Voltage (LV) panels, protection relays, and substation automation systems.
Avana Electrosystems Limited operates two manufacturing units located in the Peenya Industrial Estate, Bengaluru, Karnataka, equipped to support industrial-scale production and advanced engineering solutions.
Product Portfolio
- Indoor Type Control and Relay Panels
- Numerical Protection Relays
- Electromechanical Relays
- Substation Automation Panels
- Relay Test Blocks and Test Plugs
As of August 31, 2025, the company employed 129 personnel, supporting its operations across engineering, manufacturing, quality control, and project execution.
Promoters
- Anantharamaiah Panish
- Gururaj Dambal
- S Vinod Kumar
- K N Sreenath
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.64%
Objects of the Issue
The Company Avana Electrosystems IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit
- To meet Working Capital requirements of the Company
- General Corporate Purposes
Address / Contact Info
Avana Electrosystems Ltd.
No: 8, KAIDB, lot No. 35, 1st Main Road,
2nd Phase, Peenya Industrial Area,
Nelagadaranahalli Village, Peenya Small Industries
Bangalore Metropolitan Region, Karnataka, 560058
Phone: 91 80 4123 3386
Email: cs@avanaelectrosystems.com
Website: avanaelectrosystems.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 12 January 2026
IPO Close Date
Wednesday, 14 January 2026
Basis of Allotment
Thursday, 15 January 2026
Initiation of Refunds
Friday, 16 January 2026
Credit of Shares to Demat
Friday, 16 January 2026
Listing Date
Tuesday, 20 January 2026 — NSE & BSE
Important Dates
Open Date
12 January 2026
Close Date
14 January 2026
Basis Of Allotment
15 January 2026
Listing Date
20 January 2026
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 49.42 | 38.07 | 28.52 |
| Revenue | 62.93 | 53.26 | 28.59 |
| Profit After Tax | 8.31 | 4.02 | 0.92 |
| Net Worth | 21.8 | 13.49 | 9.46 |
| Reserve & Surplus | 21.01 | 12.69 | 8.67 |
| Total Borrowings | 5.69 | 9.27 | 7.33 |
EPS Pre
4.76%
EPS Post
3.67%
P/E Pre
12.40
P/E (Post Issue)
16.07x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 22.79 | 47.11 | 35.07 | 10.25 |
| ROCE % | 26.69 | 53.71 | 40.02 | 15.31 |
| Debt / Equity | 0 | 0.13 | 0.37 | 0.37 |
| RoNW % | 20.46 | 38.13 | 29.84 | 9.75 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 15.69 | 13.52 | 7.59 | 3.25 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1128000 | 18.89 | 0 |
| Non-Institutional | 864000 | 14.47 | 0 |
| BNII | 576000 | 9.65 | 0 |
| SNII | 288000 | 4.82 | 0 |
| Retail Investors | 1988000 | 49.95 | 0 |
| Total | 3980000 | 100 | 0 |
Subscription Status ( Wed, 14 Jan 26 01:39 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1128000 | 62006000 | 54.97x |
| Non-Institutional | 864000 | 189532000 | 219.37x |
| BNII | 576000 | 148954000 | 258.6x |
| SNII | 288000 | 40578000 | 140.9x |
| Retail Investors | 1988000 | 273392000 | 137.52x |
| Total | 3980000 | 524930000 | 131.89x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Avana Electrosystems Ltd | 10 | 0.00 | 4.76 | 4.76 | 38.13 | 12.48 |
| Danish Power Ltd | 10 | 22.07 | 34.55 | 34.55 | 18.00 | 162.51 |
| Aartech Solonics Ltd | 5 | 66.86 | 0.87 | 0.87 | 8.74 | 19.80 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 236,000.00 |
| Retail (Max) | 2 | 4,000 | 236,000.00 |
| S-HNI (Min) | 3 | 6,000 | 354,000.00 |
| S-HNI (Max) | 8 | 16,000 | 944,000.00 |
| B-HNI (Min) | 9 | 18,000 | 1,062,000.00 |
Registrar
Integrated Registry Management Services Private Limited
044 - 28140801
einward@integratedindia.in
https://www.integratedindia.in
Book Running Lead Managers
- Indcap Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Avana Electrosystems IPO is a Book-building IPO worth ₹35 crores. The price band is ₹56 to 59 per share. The IPO opens on Mon, Jan 12, 2026 and closes on Wed, Jan 14, 2026. It will be listed on BSE and NSE. Integrated Registry Management Services Private Limited is the registrar.
The Avana Electrosystems IPO opens on Mon, Jan 12, 2026 and closes on Wed, Jan 14, 2026
Avana Electrosystems IPO Price Band is ₹56 to 59.
Avana Electrosystems IPO lot size is 2000, and the minimum amount required for application is ₹236000.
The minimum investment for Avana Electrosystems IPO is approximately ₹236000 based on the upper price band.
To apply for the Avana Electrosystems IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Jan 14, 2026. After submission, funds are blocked until the basis of allotment of Avana Electrosystems IPO is finalised.
Avana Electrosystems IPO issue size is ₹35 crores.
Avana Electrosystems IPO allotment date is Sat, Jun 27, 2026.
The registrar for Avana Electrosystems IPO is Integrated Registry Management Services Private Limited. Investors can go to Integrated Registry Management Services Private Limited website for IPO allotment status, refund processing, and other queries related to Avana Electrosystems IPO through their official website or helpline.
The Avana Electrosystems IPO GMP (Grey Market Premium) is ₹16 as of Wed, Jan 14, 2026. Based on the upper price band of ₹59 per share, the estimated Avana Electrosystems IPO listing price is ₹75, indicating a potential listing gain of approximately 31% over the issue price.