IPO

Avana Electrosystems Limited IPO

NSE SME

Listed On: Jan 20, 2026 at ₹ 77.5

₹ 236000 /4000 Shares
*Min Investment

Check Allotment

12 Jan, 2026

Open Date

14 Jan, 2026

Close Date

16 Jan, 2026

Allotment Date

20 Jan, 2026

Listing Date
Expected Premium
+ ₹9-10 (15.25%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Avana Electrosystems IPO Live Subscription Details
View Subscription Details
QIB 54.97x
Individual 137.52x
NIIs 219.37x
BHNI 258.60x
SHNI 140.90x
Individual 137.52x
Total 131.89x
Last updated: 14 Jan 2026, 05:57 PM
Avana Electrosystems IPO Issue Details
  • Issue Price ₹56-59 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 59,70,000 shares(aggregating up to ₹35.22 crore)
  • Fresh Share 51,76,000 shares(aggregating up to ₹30.53 crore)
  • Offer For Sale 7,94,000 shares(aggregating up to ₹4.69 crore)
  • Listing at NSE SME
  • List Price 77.5
  • Listing Date 2026-01-20
  • Lead Manager Indcap Advisors Pvt.Ltd.
  • Registrar Integrated Registry Management Services Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 4000 ₹2,36,000
Individual(max) 2 4000 ₹2,36,000
SHNI(min) 3 6000 ₹3,54,000
SHNI(max) 8 16000 ₹9,44,000
BHNI(min) 9 18000 ₹10,62,000
Avana Electrosystems IPO Reservation

Avana Electrosystems IPO offers total 5970000 shares. Out of which 1128000 (18.89%) allocated to QIB, 864000 (14.47%) allocated to NII,1988000 (33.3%) allocated to RII, NA (NA%) allocated to employees and 1690000 (28.31%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1690000 (28.31%)
Market Maker Shares Offered 300000 (5.03%)
QIB Shares Offered 1128000 (18.89%)
NII (HNI) Shares Offered 864000 (14.47%)
bNII > ₹10L 576000 (9.39%)
sNII < ₹10L 288000 (4.85%)
Individual Shares Offered 1988000 (33.3%)
Total Shares Offered 5970000 (100%)
Avana Electrosystems IPO Documents
DRHP
RHP
ANCHOR
Avana Electrosystems IPO Details


Avana Electrosystems Limited IPO is an SME IPO, priced at ₹56-59 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 59,70,000 equity shares, aggregating up to ₹35.22 crores..

The IPO bidding window is open from Jan 12, 2026 to Jan 14, 2026. The allotment is expected to be finalized on Jan 16, 2026, and the tentative listing date is Jan 20, 2026.

The minimum lot size for Individual investors is 4000 shares, with a minimum investment of ₹2,36,000.

Indcap Advisors Pvt.Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Integrated Registry Management Services Pvt.Ltd., and

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Avana Electrosystems IPO Subscription Analysis And Details
Retail
137.52x
QIB
54.97x
NII
219.37x
bNII
258.60x
sNII
140.90x
Total
131.89x
As on QIB NII
bNII   sNII 		Individual Total
Shares Offered / Reserved 11,28,000 8,64,000
5,76,000    2,88,000 		19,88,000 39,80,000
Day 1 12-01-26 05:00 PM
0.00 x 2.80 x
2.56 x   3.29 x 		3.80 x 2.51 x
Day 2 13-01-26 05:00 PM
2.02 x 31.97 x
34.65 x   26.62 x 		28.30 x 21.65 x
Day 3 14-01-26 05:00 PM
54.97 x 219.37 x
258.60 x   140.90 x 		137.52 x 131.89 x
Total No of Applications
82,699
Subscription on the basis of Applications
Retail:137.52x BHNI:83.79x SHNI:130.5x
Avana Electrosystems Valuations
EPS Pre IPO ₹4.76/-
EPS Post IPO ₹3.67/-
P/E Pre IPO 12.40
P/E Post IPO 16.07
ROE 47.11%
ROCE 53.71%
Debt/Equity 0.13
RoNW 38.13%
PAT Margin 13.52%
Price to Book Value 4.73
Market Cap. 133.61 Cr.
Avana Electrosystems Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 53.91 49.42 38.07 28.52
Revenue 36.28 62.93 53.26 28.59
Profit After Tax 5.61 8.31 4.02 0.92
Net Worth 27.41 21.80 13.49 9.46
Reserves & Surplus 9.94 21.01 12.69 8.67
Total Borrowing 5.68 5.69 9.27 7.33
About Avana Electrosystems Company

Avana Electrosystems Limited is a company incorporated in the year 2010 and is involved in the business of manufacturing customized Control and Relay Panels.

Control Relay Panels from 11kv to 220kv for the following applications: Power System Monitoring Control Protection,Transmission Lines,Power Transformers,Bus Bar,Capacitor Bank,etc.
It has two manufacturing facilities at Peenya Industrial Estate, Bengaluru, Karnataka, which exclusively concentrate on industrial manufacturing and engineering solutions.

Product Portfolio:
Indoor Type Control and Relay Panel
Numerical Protection Relays
Functioning Of Electromech
Substation Automation Panel
Test Relay Block and Test Plug
relay test block

As at August 31, 2025, it had 129 employees.

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Avana Electrosystems - Promoter(s)

Anantharamaiah Panish

Gururaj Dambal

S Vinod Kumar

K N Sreenath

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.64%

Avana Electrosystems IPO - Issue Objectives
1

Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit

2

To meet Working Capital requirements of the Company

3

General Corporate Purposes

Contact Details

Avana Electrosystems

No: 8, KAIDB, Lot No. 35, 1st Main Road, 2nd Phase, Peenya Industrial Area, Nelagadaranahalli Village, Peenya Small Industries Bangalore Metropolitan Region, Karnataka, 560058

+91 80 4123 3386

cs@avanaelectrosystems.com

https://avanaelectrosystems.com/index-2.html

Registrar Contact Details

Integrated Registry Management Services Pvt.Ltd

044 - 28140801 to 28140803

smeipo@integratedindia.in

https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1