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Avana Electrosystems IPO
₹1,12,000/2000 shares
Minimum Investment
IPO Details
12 Jan 26
14 Jan 26
₹1,12,000
2000
₹56 to ₹59
NSE
₹35 Cr
19 Jan 26
Avana Electrosystems IPO Timeline
Bidding Start
12 Jan 26
Bidding Ends
14 Jan 26
Allotment Finalisation
15 Jan 26
Refund Initiation
16 Jan 26
Demat Transfer
16 Jan 26
Listing
19 Jan 26
Avana Electrosystems IPO
Avana Electrosystems Limited, incorporated in 2010, manufactures customised control and relay panels used in power system monitoring, protection, and automation. The company produces panels ranging from 11kV to 220kV for substations, transformers, transmission lines, and capacitor banks. Its product portfolio includes numerical and electromechanical relays, substation automation panels, and relay testing accessories. Avana operates two manufacturing units in Peenya Industrial Estate, Bengaluru. It serves utilities, industrial customers, and infrastructure companies while focusing on quality standards, engineering precision, and long-term customer relationships across India.
Avana Electrosystems Limited IPO Overview
Avana Electrosystems Limited is launching a bookbuilding IPO of ₹35.22 crore comprising a fresh issue of ₹30.54 crore and an offer for sale of ₹4.68 crore. The IPO opens on 12 January 2026 and closes on 14 January 2026, with allotment expected on 15 January 2026 and listing scheduled on 19 January 2026 on NSE SME. The price band is ₹56 to ₹59 per share and the lot size is 2,000 shares. Indcap Advisors Private Limited is the book running lead manager and Integrated Registry Management Services Private Limited is the registrar. The issue includes a market maker portion of 3,00,000 shares.
Avana Electrosystems Limited IPO Details
| Particulars | Details |
| IPO Date | 12 January 2026 to 14 January 2026 |
| Listing Date | 19 January 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹56 to ₹59 per share |
| Lot Size | 2,000 shares |
| Total Issue Size | 59,70,000 shares (₹35 Cr) |
| Fresh Issue | 48,76,000 shares (₹29 Cr) |
| Offer for Sale | 7,94,000 shares (₹5 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,74,69,408 shares |
| Share Holding Post Issue | 2,26,45,408 shares |
| Market Maker Portion | 3,00,000 shares |
Avana Electrosystems IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not more than 50% |
| Retail | Not less than 35% |
| NII (HNI) | Not less than 15% |
Avana Electrosystems IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 4,000 | ₹2,36,000 |
| Retail (Max) | 2 | 4,000 | ₹2,36,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,54,000 |
| S-HNI (Max) | 8 | 16,000 | ₹9,44,000 |
| B-HNI (Min) | 9 | 18,000 | ₹10,62,000 |
Promoter Holding
| Status | Percentage |
| Pre-Issue | 100% |
| Post-Issue | 73.64% |
Avana Electrosystems IPO Valuation Overview
| KPI | Value |
| EPS (Pre IPO) | 4.76 |
| EPS (Post IPO) | 3.67 |
| P/E (Post) | 16.07 |
| RoNW | 38.13% |
| ROE | 47.11% |
| ROCE | 53.71% |
| EBITDA Margin | 20.36% |
| PAT Margin | 13.52% |
| Debt to Equity | 0.13 |
Objectives of the Proceeds
- Construction of integrated manufacturing facility including civil, electrical and plumbing works – ₹11.55 Cr
- Funding working capital requirements to support operational growth – ₹8.40 Cr
- Supporting general corporate purposes including administrative and expansion activities
Key Financials (₹ Crore)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 49.42 | 38.07 | 28.52 |
| Revenue | 62.93 | 53.26 | 28.59 |
| Profit After Tax | 8.31 | 4.02 | 0.92 |
| Reserves | 21.01 | 12.69 | 8.67 |
| Borrowings | 5.69 | 9.27 | 7.33 |
SWOT Analysis of Avana Electrosystems IPO
Strength and Opportunities
- Strong promoter experience.
- Established industrial presence
- Customised engineering capability
- Growing power infrastructure demand
- Quality certifications
- Export potential
Risks and Threats
- Customer concentration risk.
- Project execution delays
- Capital-intensive operations
- Regulatory and policy changes
- Technological obsolescence
- Raw material price volatility
Explore IPO Opportunities
Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
About Avana Electrosystems Limited
Avana Electrosystems IPO Strengths
- Well-established customer relationships supported by a broad, diversified and loyal client base.
- Ability to deliver customised solutions across multiple products, industries, applications, and customer needs.
- Certified quality standards supported by rigorous testing processes ensuring consistent product reliability and performance.
- Experienced promoters and senior leadership team with strong industry expertise and execution capabilities.
- Extensive geographical presence enabling access to diverse markets, customers, regions, and business opportunities.
Peer Comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV | P/E | RoNW | P/BV |
| Avana Electrosystems Ltd. | 4.76 | 4.76 | 12.48 | — | 38.13 | — |
| Peer Group | ||||||
| Danish Power Ltd. | 34.55 | 34.55 | 162.51 | 30.18 | 18.00 | 5.45 |
| Aartech Solonics Ltd. | 0.87 | 0.87 | 19.80 | 73.86 | 8.74 | 2.84 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On Avana Electrosystems Limited IPO
How can I apply for Avana Electrosystems Limited IPO?
You can apply through HDFC Sky using UPI-based ASBA during the subscription period.
What is the minimum investment amount?
The minimum retail investment is ₹2,36,000 for 4,000 shares at the upper price band.
When will Avana Electrosystems IPO list?
The shares are expected to list on NSE SME on 19 January 2026.
Is the IPO a fresh issue or OFS?
It includes both a fresh issue and an offer for sale component.
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