About
Avana Electrosystems IPO is a book build issue of ₹35.22 crores. The issue is a combination of fresh issue of 0.52 crore shares aggregating to ₹30.54 crores and offer for sale of 0.08 crore shares aggregating to ₹4.68 crores.
Avana Electrosystems IPO bidding started from Jan 12, 2026 and ended on Jan 14, 2026. The allotment for Avana Electrosystems IPO was finalized on Jan 15, 2026. The shares got listed on NSE SME on Jan 20, 2026.
Avana Electrosystems IPO price band is set at ₹59 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,36,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,54,000.
Indcap Advisors Pvt.Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd..
Refer to Avana Electrosystems IPO RHP for detailed Information.
IPO Stock Quote & Charts
IPO Open
Mon, Jan 12, 2026
IPO Close
Wed, Jan 14, 2026
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹133.61 Cr
IPO Details
| IPO Date | 12 to 14 Jan, 2026 |
| Listed on | Tue, Jan 20, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 59,70,000 shares (agg. up to ₹35 Cr) |
| Reserved for Market Maker | 3,00,000 shares (agg. up to ₹2 Cr) Asnani Stock Broker Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 48,76,000 shares (agg. up to ₹29 Cr) |
| Offer for Sale | 7,94,000 shares of ₹10 (agg. up to ₹5 Cr) |
| Net Offered to Public | 56,70,000 shares (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 1,74,69,408 shares |
| Share Holding Post Issue | 2,26,45,408 shares |
| NSE Symbol | AVANA |
| ISIN | INE1KU201016 |
IPO Timetable
- IPO OpenMon, Jan 12, 2026
- IPO CloseWed, Jan 14, 2026
- AllotmentThu, Jan 15, 2026
- RefundFri, Jan 16, 2026
- Credit of SharesFri, Jan 16, 2026
- ListingTue, Jan 20, 2026
IPO Reservation
Avana Electrosystems IPO offers total 59,70,000 shares. Out of which 28,18,000 (47.20%) allocated to QIB, 11,28,000 (18.89%) allocated to QIB (Ex- Anchor), 8,64,000 (14.47%) allocated to
NII
19,88,000 (33.30%) allocated to RII and 16,90,000 (28.31%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.03%) |
| QIB Shares Offered | 28,18,000 (47.20%) |
| − Anchor Investor Shares Offered | 16,90,000 (28.31%) |
| − QIB (Ex. Anchor) Shares Offered | 11,28,000 (18.89%) |
| NII (HNI) Shares Offered | 8,64,000 (14.47%) |
| − bNII > ₹10L | 5,76,000 (9.65%) |
| − sNII < ₹10L | 2,88,000 (4.82%) |
| Retail Shares Offered | 19,88,000 (33.30%) |
| Total Shares Offered | 59,70,000 (100.00%) |
IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,36,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,36,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,54,000 |
S-HNI (Max) | 8 | 16,000 | ₹9,44,000 |
B-HNI (Min) | 9 | 18,000 | ₹10,62,000 |
IPO Anchor Investors
Avana Electrosystems IPO raises ₹9.97 crore from anchor investors. Avana Electrosystems IPO Anchor bid date is January 9, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jan 9, 2026 |
| Shares Offered | 16,90,000 |
| Anchor Portion (₹ Cr.) | 9.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 14, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 15, 2026 |
About Avana Electrosystems Ltd.
Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.
The company offers Control and Relay Panels ranging from 11kv to 220kv for Power System Monitoring, Control and Protection Applications Transmission Lines, Power Transformers, Bus Bar, Capacitor Bank, etc, for both indoor and outdoor usage, MV and LV Panels, Protection Relays and Substation Automation Systems.
The company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, specializing in industrial production and advanced engineering solutions.
Product Portfolio:
- Indoor Type Control and Relay Panel
- Numerical Protection Relays
- Electromechani cal Relays
- Substation Automation Panel
- Relay Test Block and Test Plug
As on August 31, 2025, the company had 129 employees.
Competitve Strengths:
- Strong customer relationships and wide customer base
- Customisation & Multi
- Quality Standard Certifications & Quality Tests
- Experienced Promoters and Senior Management Team
- Geographical reach
Company Financials (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 53.91 | 49.42 | 38.07 | 28.52 |
| Total Income | 36.28 | 62.93 | 53.26 | 28.59 |
| Profit After Tax | 5.61 | 8.31 | 4.02 | 0.92 |
| EBITDA | 7.63 | 12.52 | 7.42 | 1.92 |
| NET Worth | 27.41 | 21.80 | 13.49 | 9.46 |
| Reserves and Surplus | 9.94 | 21.01 | 12.69 | 8.67 |
| Total Borrowing | 5.68 | 5.69 | 9.27 | 7.33 |
| Amount in ₹ Crore | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit | 11.55 |
| 2 | To meet Working Capital requirements of the Company | 8.60 |
| 3 | General Corporate Purposes | 4.57 |
Key Performance Indicator (KPI)
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 22.79% | 47.11% |
| ROCE | 26.69% | 53.71% |
| Debt/Equity | 0.13 | |
| RoNW | 20.46% | 38.13% |
| PAT Margin | 15.69% | 13.52% |
| EBITDA Margin | 21.33% | 20.36% |
| Price to Book Value | 3.76 | 4.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.76 | 4.95 |
| P/E (x) | 12.4 | 11.91 |
| Promoter Holding | 100% | 73.64% |
| Market Cap | ₹133.61 Cr. |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.
IPO Review
Avana Electrosystems IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
The Avana Electrosystems IPO is subscribed 131.82 times on January 14, 2026 6:19:59 PM (Day 3). The public issue subscribed 137.52 times in the individual investors category, 54.97 times in the QIB category, and 219.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category |
Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 54.97 | 11,28,000 | 6,20,06,000 | 44 |
| NII* | 219.02 | 8,64,000 | 18,92,32,000 | 0 |
| bNII (> ₹10L) | 258.08 | 5,76,000 | 14,86,54,000 | |
| sNII (< ₹10L) | 140.90 | 2,88,000 | 4,05,78,000 | |
| Individual Investor | 137.52 | 19,88,000 | 27,33,88,000 | 68,347 |
| Total | 131.82 | 39,80,000 | 52,46,26,000 | 82,699 |
Total Applications: 82,699
*Market Maker portion is not included to NII/HNI.
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Commission | 2.43 |
| 2 | Brokerage, Selling commission and Upload fees | 0.01 |
| 3 | Fees Payable to Registrar to the Offer | 0.03 |
| 4 | Legal Advisor to the Offer | 0.03 |
| 5 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 2.61 |
| 6 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.14 |
| 7 | Others: Fees payable to Peer Review Auditor | 0.04 |
| 8 | Fees Payable to Market Maker (for Three Years) | 0.11 |
| 9 | Concurrent Auditor Fees | 0.01 |
| 10 | PCS Search Report | 0.02 |
| 11 | Regulatory Filings | 0.34 |
| 12 | Miscellaneous | 0.94 |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹77.50 |
| Low | ₹73.65 |
| High | ₹81.35 |
| Last Trade | ₹80.30 |
Check IPO Performance…
IPO Registrar
Integrated Registry Management Services Pvt.Ltd.
- 044 – 28140801 to 28140803
- smeipo@integratedindia.in
- Visit Website
IPO Lead Manager(s)
- Indcap Advisors Pvt.Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- 91 80 4123 3386
- cs@avanaelectrosystems.com
- Visit Website
IPO FAQs
Avana Electrosystems IPO is a SME IPO of 59,70,000 equity shares of the face value of ₹10 aggregating up to ₹35 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jan 12, 2026, and closes on Wed, Jan 14, 2026.
Integrated Registry Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Avana Electrosystems IPO using UPI as a payment gateway. Zerodha customers can apply in Avana Electrosystems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Avana Electrosystems IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Avana Electrosystems IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The Avana Electrosystems IPO opens on Mon, Jan 12, 2026 and closes on Wed, Jan 14, 2026.
Avana Electrosystems IPO lot size is 2000, and the minimum amount required for application is ₹2,36,000, with 2 lots being the minimum application size.
You can apply in Avana Electrosystems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Avana Electrosystems IPO will be done on Thursday, January 15, 2026, and the allotted shares will be credited to your demat account by Fri, Jan 16, 2026. Check the Avana Electrosystems IPO allotment status.
The Avana Electrosystems IPO listing date is on Tue, Jan 20, 2026.
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