Avana Electrosystems Limited IPO
Avana Electrosystems is engaged in the manufacturing of customized control and relay panels ranging from 11 kV to 220 kV, designed for power system monitoring, control and protection applications. Its product offerings cater to transmission lines, power transformers, bus bars, capacitor banks and substations, and are suitable for both indoor and outdoor installations, including medium-voltage and low-voltage panels. The Company also provides protection relays and substation automation systems that support efficient transmission and distribution of electrical power across various industries. In addition, Avana Electrosystems manufactures electrical relays used to detect system faults by analysing electrical parameters and initiating protective actions to safeguard equipment. Broadly, the Company’s operations are focused on the manufacture of (i) control and relay panels and (ii) relays.
Price Band₹56 - ₹59 |
Dates12 Jan - 14 Jan |
GMP₹12 (20.34%) |
Subscriptions92.58 times |
Issue Size₹35.22 Crs |
Avana Electrosystems IPO Key Dates
Opening Date
12 Jan 26
Closing Date
14 Jan 26
Basis Of Allotment
16 Jan 26
Initiations Of Refund
19 Jan 26
Credit Of Shares
19 Jan 26
Listing Date
20 Jan 26
Avana Electrosystems IPO Objects
- Capital expenditure for civil construction, electrical, & plumbing works to set up an integrated manufacturing unit
- To meet Working Capital requirements of the Company
- General Corporate Purposes
Avana Electrosystems IPO Details
Price Band₹56 - ₹59 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹30.54 Cr (0.52 Cr Shares) |
Offer For Sale₹4.68 Cr (0.08 Cr Shares) |
Total Issue₹35.22 Cr (0.60 Cr Shares) |
Face Value₹10 per equity share |
Avana Electrosystems IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
4,000
2,36,000
Maximum
2
4,000
2,36,000
|
|||
| Small HNI |
Minimum
3
6,000
3,54,000
Maximum
8
16,000
9,44,000
|
|||
| Big HNI |
Minimum
9
18,000
10,62,000
|
|||
Avana Electrosystems IPO Subscription
Updated as on 14-Jan-2026 19:00:20 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 22.00 | 28,18,000 | 6,20,06,000 |
| NII | 219.37 | 8,64,000 | 18,95,32,000 |
| bNII | 258.60 | 5,76,000 | 14,89,54,000 |
| sNII | 140.90 | 2,88,000 | 4,05,78,000 |
| Individual Investor | 137.52 | 19,88,000 | 27,33,92,000 |
| Total | 92.58 | 56,70,000 | 52,49,30,000 |
Avana Electrosystems IPO GMP
The estimated Grey Market Premium of Avana Electrosystems IPO is ₹12 per share (20.34%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 3,00,000 EQ. Shares |
Avana Electrosystems IPO Financials
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 35.75 | 61.49 | 52.99 | 28.41 |
| PAT | 5.61 | 8.31 | 4.02 | 0.92 |
| Net Worth | 27.41 | 21.80 | 13.49 | 9.46 |
| Borrowings | 5.68 | 5.69 | 9.27 | 7.33 |
| Assets | 53.91 | 49.42 | 38.07 | 28.52 |
| NAV (₹) | 15.69 | 12.48 | 7.72 | 5.42 |
| EPS (₹) | 3.21 | 4.76 | 2.30 | 0.53 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 20.36% |
| PAT | 13.52% |
| ROE | 47.11% |
| ROCE | 53.71% |
| PE Ratio | 12.39 |
| PB Ratio | 4.73 |
| Mkt Cap (in Crs.) | 133.61 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Avana Electrosystems IPO Peer Comparision
| Particulars | Avana Electrosystems | Danish Power | Aartech Solonics |
|---|---|---|---|
| Revenue | 61.49 | 426.71 | 36.35 |
| PAT | 8.31 | 57.59 | 2.76 |
| EPS (₹) | 4.76 | 34.55 | 0.87 |
| NAV (₹) | 12.48 | 162.51 | 19.80 |
| RONW | 38.13% | 18% | 8.74% |
| EBITDA | 20.36% | 19.40% | -0.53% |
| PAT Mrgn | 13.52% | 13.50% | 7.60% |
| PE Ratio | 12.39 | 22.07 | 66.86 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 29th, 2025 for Peers
Avana Electrosystems IPO Peer Comparision
| Particulars | Avana Electrosystems |
|---|---|
| Revenue | 61.49 |
| PAT | 8.31 |
| EPS (₹) | 4.76 |
| NAV (₹) | 12.48 |
| RONW | 38.13% |
| EBITDA | 20.36% |
| PAT Mrgn | 13.52% |
| PE Ratio | 12.39 |
| Danish Power | Aartech Solonics |
|---|---|
| 426.71 | 36.35 |
| 57.59 | 2.76 |
| 34.55 | 0.87 |
| 162.51 | 19.80 |
| 18% | 8.74% |
| 19.40% | -0.53% |
| 13.50% | 7.60% |
| 22.07 | 66.86 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 29th, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Anantharamaiah Panish | 25.43% |
| S Vinod Kumar | 23.72% |
| Gururaj Dambal | 25.43% |
| K N Sreenath | 25.43% |
| Total | 100.01% |
Management Details
| Name | Designation |
|---|---|
| Anantharamaiah Panish | MD |
| Ravi Kumar S | CFO |
Company Details
Name: Avana Electrosystems Limited
Address: No: 8, KIADB, Plot No. 35, 1st Main Road, 2nd Phase, Peenya Industrial Area, Nelagadaranahalli Village, Peenya Small Industries, Bengaluru – 560 058, Karnataka, India
Number: +91 80 4123 3386
Email: cs@avanaelectrosystems.com
Website: avanaelectrosystems.com
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Avana Electrosystems IPO is a SME IPO having an issue size of Rs. ₹35.22 Crs. Avana Electrosystems IPO is priced at ₹56 - ₹59 per share. The issue opens on 12 Jan 26 and closes on 14 Jan 26.
Avana Electrosystems IPO opens on 12 Jan 26 and closes on 14 Jan 26.
The estimated Grey Market Premium of Avana Electrosystems IPO is ₹12 per share (20.34%).
The minimum lot size of Avana Electrosystems IPO is 2000 shares & the minimum application amount is Rs. 118000.
The allotment date of Avana Electrosystems IPO is 16 Jan 26.
The listing date of Avana Electrosystems IPO is 20 Jan 26.
Avana Electrosystems IPO is subscribed 92.58 times.
Avana Electrosystems IPO is priced at ₹56 - ₹59 per share.
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