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 |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Avana Electrosystems IPO Review & Key Points
- Review:
Avana Electrosystems IPO Market Lot
The Avana Electrosystems IPO minimum market lot is 4,000 shares with ₹2,36,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,36,000 |
| Retail Maximum | 2 | 4,000 | ₹2,36,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,54,000 |
| S-HNI Maximum | 8 | 16,000 | ₹9,44,000 |
| B-HNI Minimum | 9 | 18,000 | ₹10,62,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Avana Electrosystems IPO Anchor Investors
| Anchor Bidding Date | January, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Avana Electrosystems IPO Dates
The Avana Electrosystems IPO date is January 12 and the close date is January 14. The Avana Electrosystems IPO allotment will be finalized on January 15 and the IPO listing on January 19.
| 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
The promoters of the company are Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar and K N Sreenath.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,74,69,408 | 100% |
| Promoter Holding Post Issue | 2,26,45,408 | 73.64% |
Objects of the Issue & Utilisation of proceeds
| Purpose | 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
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 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
Check Avana Electrosystems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| 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 | PE Ratio | RoNW % | NAV | Income |
| Danish Power Limited | 34.55 | 30.18 | 18.00% | 162.51 | 432.95Cr. |
| Aartech Solonics Limited | 0.87 | 73.86 | 8.74% | 19.80 | 39.33 Cr. |
IPO Lead Managers aka Merchant Bankers
- Indcap Advisors Pvt. Ltd.
Company Address
Avana Electrosystems Ltd.
No: 8, KAIDB, lot No. 35, 1st Main Road,
2nd Phase, Peenya Industrial Area,
Nelagadaranahalli Village, Peenya Small Industries
Bangalore Metropolitan Region, Karnataka, 560058
Phone: 91 80 4123 3386
Email: [email protected]
Website: https://avanaelectrosystems.com/
IPO Registrar
Integrated Registry Management Services Pvt. Ltd.
Phone: 044 – 28140801 to 28140803
Email: [email protected]
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
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