Avana Electrosystems
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05 Avana Electrosystems IPO Details
- 06 Avana Electrosystems IPO Market Lot
- 07 IPO Reservation
- 08 Avana Electrosystems IPO Anchor Investors
- 09 Avana Electrosystems IPO Dates
- 10 Promoters and Holding Pattern
- 11 Objects of the Issue & Utilisation of Proceeds
- 12 About Avana Electrosystems IPO
- 13 Avana Electrosystems IPO Company Financial Report
- 14 Avana Electrosystems IPO Valuation – FY2025
- 15 Peer Group Comparison
IPO DESCRIPTION
Avana Electrosystems ₹35.22 crore book-build IPO is open from January 12 to January 14, 2026, with a price band of ₹56 to ₹59 per share and an NSE SME listing on January 19. The company’s profit more than doubled to ₹8.31 crores in 2025 on revenue of ₹62.93 crores, and with strong demand in the power infrastructure sector, the issue is recommended for long-term investors.
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 19 Jan 2026 | ₹12.00 | -₹1.00 | 20.34% |
| 16 Jan 2026 | ₹13.00 | -₹3.00 | 22.03% |
| 13 Jan 2026 | ₹16.00 | +₹2.00 | 27.12% |
| 12 Jan 2026 | ₹14.00 | +₹9.50 | 23.73% |
| 08 Jan 2026 | ₹4.50 | +₹4.50 | 7.63% |
| 07 Jan 2026 | ₹0.00 | - | 0.00% |
Avana Electrosystems IPO DETAILS
| IPO Open Date | January 12, 2026 |
| IPO Close Date | January 14, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹56 to ₹59 Per Share |
| Issue Size | Approx ₹35 Crores |
| Fresh Issue | Approx ₹33 Crores |
| Offer for Sale | Approx 7,94,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
Avana Electrosystems IPO Market LOT
The Avana Electrosystems IPO minimum market lot is 4,000 shares with an application amount of ₹2,36,000.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 4,000 | ₹2,36,000 |
| Retail Maximum | 4,000 | ₹2,36,000 |
| S-HNI Minimum | 6,000 | ₹3,54,000 |
| S-HNI Maximum | 16,000 | ₹9,44,000 |
| B-HNI Minimum | 18,000 | ₹10,62,000 |
IPO RESERVATION
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Ex. Anchor) | – | 50% |
| NII Shares Offered | – | 15% |
| Retail Shares Offered | – | 35% |
Avana Electrosystems IPO Anchor INVESTORS
| Anchor Bidding Date | January, 2026 |
| Shares Offered | – |
| Anchor Size | – |
| Lock-in Period (50% – 30 Days) | 2026 |
| Lock-in Period (50% – 90 Days) | 2026 |
Avana Electrosystems IPO DATES
| IPO Open Date | January 12, 2026 |
| IPO Close Date | January 14, 2026 |
| Basis of Allotment | January 15, 2026 |
| Refunds | January 16, 2026 |
| Credit to Demat Account | January 16, 2026 |
| IPO Listing Date | January 19, 2026 |
| IPO Bidding Cut-off Time | January 14, 2026 – 5 PM |
Promoters and Holding PATTERN
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,74,69,408 | 100% |
| Promoter Holding Post Issue | 2,26,45,408 | 73.64% |
Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar and K N Sreenath.
Objects of the Issue & Utilisation of PROCEEDS
| Purpose | Amount (₹ in Crores) |
|---|---|
| Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit | ₹11.55 |
| To meet Working Capital requirements of the Company | ₹8.40 |
| General Corporate Purpose | – |
About Avana Electrosystems IPO
Established in 2010, Avana Electrosystems Limited manufactures customised control and relay panels. Its product portfolio comprises Indoor Type Control and Relay Panel, Numerical Protection Relays, Electromechanical Relays, Substation Automation Panel, and Relay Test Block and Test Plug.
The company makes control and relay panels spanning from 11kV to 220kV, which help monitor, control, and protect power systems. These panels are used in places like power transmission lines, transformers, substations, and capacitor banks. Moreover, the company also offers medium-voltage and low-voltage panels, protection relays, and automation systems. The company runs its 2 manufacturing units situated in Peenya Industrial Estate, Bengaluru, Karnataka.
Avana Electrosystems IPO Company Financial REPORT
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | ₹28.59 | ₹27.41 | ₹0.92 | ₹28.52 |
| 2024 | ₹53.26 | ₹47.03 | ₹4.02 | ₹38.07 |
| 2025 | ₹62.93 | ₹50.64 | ₹8.31 | ₹49.42 |
Avana Electrosystems IPO Valuation – FY2025
| ROE | 47.11% |
| ROCE | 53.71% |
| EBITDA Margin | 20.36% |
| PAT Margin | 13.52% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹4.76 (Basic) |
| Price / Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 38.13% |
| Net Asset Value (NAV) | ₹12.48 |
Peer Group COMPARISON
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Danish Power Limited | 34.55 | 30.18 | 18.00% | 162.51 | ₹432.95 Cr. |
| Aartech Solonics Limited | 0.87 | 73.86 | 8.74% | 19.80 | ₹39.33 Cr. |