On the last day, the Avana Electrosystems IPO was subscribed 131.82 times overall, while the retail quota was subscribed 137.52 times, QIB 54.97 times, and the NII quota 219.02 times, respectively.
Avana Electrosystems IPO Details
Avana Electrosystems received approval from SEBI for its IPO of ₹35 crores, a fresh issue of ₹33 crores, and offer for sale up to 7,94,000 equity shares with a face value of ₹10 each. Avana Electrosystems’ IPO price band is ₹56 to ₹59 per share.
Avana Electrosystems Funds Utilisations
- Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit
- To meet Working Capital requirements of the Company
- General Corporate Purpose
Avana Electrosystems Shares Distributions
Moreover, the retail category had 4,000 shares in a 2-lot size, with a minimum application and a maximum application.
S-HNI Minimum got 6,000 shares in 3 lot sizes.
S-HNI Maximum received 16000 shares in 8 lot sizes.
B-HNI Minimum received 18000 shares in 9 lot sizes.
To participate in this IPO, each investor group has a tailored investment range
- Retail Minimum Application:- ₹2,36,000.
- Retail Maximum Application:-₹2,36,000.
- S-HNI Minimum Application:- ₹3,54,000
- S-HNI Maximum Application:- ₹9,44,000
- B-HNI Minimum Application:- ₹10,62,000
Avana Electrosystems Subscription Duration
Started on January 12, 2026, and closed on January 14, 2026. The allotment was on January 15, 2026. Avana Electrosystems’ IPO listing is today, January 19, 2026.
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.
