Avana Electrosystems IPO Subscribed 2.54x on Day 1

Avana Electrosystems IPO subscription started on Monday, January 12, 2025, and will close on January 14, 2026, as per the schedule. The price band is set at ₹56 to ₹59 per share with a face value of ₹10.

Avana Electrosystems IPO Subscription Status

Avana Electrosystems IPO subscribed over 2.54x on its First day till 05.00 PM on 12th January 2026.

Avana Electrosystems IPO subscription QIB investors’ portion is 0.00x times, while NII subscribed 2.82x times, and RII investors subscribed 3.87x times.

The company has received bids for 1,01,22,000 shares against 39,80,000 shares on offer on the First day.

Avana Electrosystems’ IPO was subscribed over 2.54x times on day 1.

About the 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 GMP

Avana Electrosystems IPO GMP was ₹5 as of Monday, 12th January. That indicates the IPO is trading at ₹64 with a ₹5 premium in the grey market against the issue price of ₹59.

Vijay Prajapati

An experienced stock market professional with expertise in IPO research, market insights, and equity strategies. With a strong background in research and capital markets, he delivers comprehensive coverage on upcoming IPOs, subscription patterns, grey market premium (GMP), and post-listing performance, along with detailed reviews, recommendations, and technical analysis.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.