The Avana Electrosystems IPO minimum market lot is 4,000 shares with ā¹2,36,000 application amount. The Avana Electrosystems IPO is a SME IPO, and it is to be listed on NSE SME.
Business Overview
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Avana Electrosystems IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 2.02 | 54.97 |
| NII | 2.81 | 31.64 | 219.02 |
| RII | 3.86 | 28.32 | 137.52 |
| Total | 2.54 | 21.59 | 131.82 |
Avana Electrosystems IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Avana Electrosystems IPO Review and Rating
- May Apply For Long-term View
Avana Electrosystems IPO Form
How to apply for the Avana Electrosystems IPO? You can apply for Avana Electrosystems IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Avana Electrosystems IPO in the Invest section. The other option is you can apply for Avana Electrosystems IPO via IPO forms downloaded online. Check out the Asston Pharmaceuticals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
