Avana Electrosystems IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
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…
Open Date
Mon, 12 Jan 2026
Close Date
Wed, 14 Jan 2026
Price Band
₹ 56 – 59
Lot Size
2000
Issue Size
₹ 35.00 Cr
Minimum Investment
₹ 236,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Avana Electrosystems IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹35.00 Crore, comprising a fresh issue of 48.76 Lakh equity shares aggregating to ₹29.00 Crore and an offer for sale (OFS) of 7.94 Lakh equity shares aggregating to ₹5.00 Crore by the existing shareholders.
The Avana Electrosystems IPO remained open for subscription from January 12, 2026, to January 14, 2026. The basis of allotment was finalized on January 15, 2026, and the company's shares were listed on NSE SME Platform on January 20, 2026.
The company had fixed the price band at ₹56 to ₹59 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹236,000 (based on the upper price band) to apply for one lot.
Integrated Registry Management Services Private Limited served as the registrar to the issue. Indcap Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Avana Electrosystems Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Avana Electrosystems IPO Timeline (Tentative)
- IPO Open Date
- Mon, 12 Jan 26
- IPO Close Date
- Wed, 14 Jan 26
- Basis of Allotment
- Thu, 15 Jan 26
- Initiation of Refunds
- Fri, 16 Jan 26
- Credit of Shares to Demat
- Fri, 16 Jan 26
- Listing Date
- Tue, 20 Jan 26 — NSE & BSE
Open Date
12 January 2026
Close Date
14 January 2026
Basis Of Allotment
15 January 2026
Listing Date
20 January 2026
IPO Subscription
Check Live Subscription →The Avana Electrosystems IPO has received bids for 52,49,30,000 shares against 39,80,000 shares offered, resulting in an overall subscription of 131.89x. the NII category is subscribed 219.37x, Retail Investors 137.52x, and QIBs 54.97x. Within the NII category, BNII is subscribed 258.6x, while SNII is subscribed 140.9x.
QIB
54.97x
NII
219.37x
BNII
258.6x
SNII
140.9x
RII
137.52x
Total
131.89x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,88,000 shares, representing 49.95% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,28,000 shares (18.89%), while Non-Institutional Investors (NIIs) receive 8,64,000 shares (14.47%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,128,000 | 18.89% |
| Non-Institutional | 864,000 | 14.47% |
| BNII | 576,000 | 9.65% |
| SNII | 288,000 | 4.82% |
| Retail Investors | 1,988,000 | 49.95% |
| Total | 3,980,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Avana Electrosystems Limited KPI Information
| 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 |
| Pat Margin % | 15.69 | 13.52 | 7.59 | 3.25 |
Peers Comparison
| 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 |
About Avana Electrosystems Limited
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.
Avana Electrosystems IPO Promoters
- Anantharamaiah Panish
- Gururaj Dambal
- S Vinod Kumar
- K N Sreenath
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.64%
Avana Electrosystems IPO Objective
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
Avana Electrosystems Limited Address / Contact Details
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
Avana Electrosystems IPO Lot Size
The Avana Electrosystems IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,36,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,36,000.
| 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 |
Issue Reservation
- QIB — 18.89%
- NII — 14.47%
- RII — 49.95%
Avana Electrosystems IPO Registrar
Integrated Registry Management Services Private Limited
Check Allotment StatusBook Running Lead Managers
- Indcap Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Avana Electrosystems IPO?
Avana Electrosystems IPO is a Book-building IPO with a total issue size of ₹35 crore. The Avana Electrosystems IPO price band is ₹56 to 59 per share. The Avana Electrosystems IPO subscription opens on Mon, Jan 12, 2026, and closes on Wed, Jan 14, 2026. The Avana Electrosystems IPO will be listed on the NSE. Integrated Registry Management Services Private Limited is the registrar for the Avana Electrosystems IPO.
When will the Avana Electrosystems IPO open for subscription?
The Avana Electrosystems IPO opens on Mon, Jan 12, 2026 and closes on Wed, Jan 14, 2026
What is Avana Electrosystems IPO Price Band?
Avana Electrosystems IPO Price Band is ₹56 to 59 per share.
What is Avana Electrosystems IPO Lot Size?
Avana Electrosystems IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹236000 based on the upper price band
What is the minimum investment for Avana Electrosystems IPO?
The minimum investment for Avana Electrosystems IPO is ₹236000, based on one lot of 2000 shares at the upper price band of ₹59 per share.
How to apply for Avana Electrosystems IPO?
Investors can apply for the Avana Electrosystems IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jan 14, 2026. The application amount remains blocked until the Avana Electrosystems IPO allotment is finalized.
What is Avana Electrosystems IPO Issue Size?
Avana Electrosystems IPO issue size is ₹35 crores.
What is the Avana Electrosystems IPO Allotment Date?
Avana Electrosystems IPO allotment date is Thu, Jan 15, 2026.
Who is the Avana Electrosystems IPO Registrar?
The registrar for Avana Electrosystems IPO is Integrated Registry Management Services Private Limited. Investors can go to Integrated Registry Management Services Private Limited website to check Avana Electrosystems IPO allotment status, refund processing, and other IPO-related information.
What is the Avana Electrosystems IPO GMP?
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 27.12% over the issue price.
Who is the Avana Electrosystems IPO Lead Manager?
The book-running lead managers (BRLMs) for the Avana Electrosystems IPO are Indcap Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Avana Electrosystems IPO Red Herring Prospectus (RHP).