Avana Electrosystems
January 12, 2026 – January 14, 2026
| Price | ₹56 - ₹59 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 2000 |
| Issue size | ₹35.93 cr |
| Allotment | Jan 15, 2026 |
| Listing | Jan 19, 2026 |
Avana Electrosystems Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 4000 | 236000 | 0 |
| sHNI | 3 | 6000 | 354000 | 0 |
| bHNI | 9 | 18000 | 1062000 | 0 |
Avana Electrosystems Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 0 | 100% |
Avana Electrosystems About
IPO Details
| Total Issue Size | 60,90,000 shares (aggregating up to ₹ 35.93 Cr) |
| Fresh Issue | 50,90,000 shares (aggregating up to ₹ 30.03 Cr) |
| Offer For Sale | 10,00,000 shares (aggregating up to ₹ 5.90 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,74,69,408 shares |
| Reserved for Market Maker | 3,00,000 shares (aggregating up to ₹1.77 Cr) |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Key Performance Indicator (KPI)
Details will be added soon.Company Financial (In ₹Crore)
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 49.42 | 38.07 | 28.52 |
| Total Income | 62.93 | 53.26 | 28.59 |
| Profit After Tax | 8.31 | 4.02 | 0.92 |
| EBITDA | 12.52 | 7.42 | 1.92 |
| NET Worth | 21.8 | 13.49 | 9.46 |
| Reserves and Surplus | 21.01 | 12.69 | 8.67 |
| Total Borrowing | 5.69 | 9.27 | 7.33 |
About Company
Incorporated in 2010, Avana Electrosystems Limited manufactures customised Control and Relay Panels for power system monitoring, control, and protection.
Product range covers 11kV to 220kV applications for transmission lines, power transformers, bus bars, capacitor banks, suitable for indoor and outdoor, MV and LV installations.
Offers Protection Relays and Substation Automation Systems, catering to advanced grid and industrial requirements.
Operates two manufacturing units at Peenya Industrial Estate, Bengaluru (Karnataka), focused on industrial-scale production and engineering solutions.
IPO proceeds will be used for capex to set up an integrated manufacturing unit (₹11.55 cr), working capital requirements (₹8.40 cr), and general corporate purposes.
Strength
Strong customer relationships and broad client base – Long-standing associations support repeat orders and stability.
High customisation capability – Ability to deliver multi-configuration panels tailored to client specifications.
Quality certifications and testing standards – Robust QA/QC processes enhance reliability and compliance.
Weakness
KIADB lease and timeline risk – Failure to commence commercial production by May 22, 2026 at the new unit may lead to penalties or adverse consequences under lease terms.
Funding execution risk – No alternate funding identified; any delay or shortfall in IPO proceeds could postpone capex implementation.
Legal proceedings exposure – Ongoing litigations, if decided adversely, may impact operations and financial condition.
Avana Electrosystems Lead Manager(s)
Avana Electrosystems Address
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
E-mail: cs@avanaelectrosystems.com
Website: https://avanaelectrosystems.com/