IPO Details

Avana Electrosystems IPO

Avana Electrosystems Limited

Apply Now Track All IPOs

SME IPO

₹1,12,000

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Avana Electrosystems Limited

Industry / Sector: Electrical Equipment / Control & Relay Panels

Founded Year: 2010

Promoters: Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar, K N Sreenath

Incorporated in 2010, Avana Electrosystems Limited manufactures customised Control and Relay Panels (11kV to 220kV) and protection relays for power transmission, distribution, solar/wind plants and utilities. It operates two leased units in Peenya Industrial Area, Bengaluru, with 129 employees (as on Aug 31, 2025) and holds ISO 9001:2015 certification.

IPO Basic Details

Company Name	Avana Electrosystems Limited
IPO Type	SME IPO
Price Band	₹56 – ₹59
Lot Size	2000
Total Issue Size	₹35.22 Cr (59,70,000 shares)

IPO Strengths & Risks

Strengths

Strong customer relationships and wide customer base
High customisation capability
ISO 9001:2015 & quality testing certifications
Experienced promoters & management (20+ years)
Geographical reach and expanding exports (Kuwait)

Risks

Heavy dependence on power sector tenders
Leased manufacturing units & new unit execution risk
Working capital intensive business
Competition from larger players
Delay in new facility commercial production

IPO Important Dates

IPO Open Date	12 Jan 2026
IPO Close Date	14 Jan 2026
Basis of Allotment	15 Jan 2026
Refund Initiation	16 Jan 2026
Demat Credit Date	16 Jan 2026
Listing Date	20 Jan 2026
Anchor Investor Date	-
UPI Mandate Deadline	14 Jan 2026

IPO Objectives

Capital expenditure for machinery and equipment – -
Funding working capital requirements – ₹8.60 Cr
Debt repayment – -
General corporate purposes – ₹4.57 Cr

Investor Reservation

QIB Quota	47.20% (Anchor 28.31%, QIB ex-anchor 18.89%)
Retail Quota	33.30%
HNI Quota	14.47% (bNII 9.65%, sNII 4.82%)
Employee Quota	-
Shareholder Quota	-
Anchor Investor Allocation	-

Market Lot Details

Application	Lot Size	Shares	Amount
Retail Minimum	2 lots	4000	₹2,36,000
Retail Maximum	2 lots	4000	₹2,36,000
S-HNI Minimum	3 lots	6000	₹3,54,000
S-HNI Maximum	-	-	-
B-HNI Minimum	9 lots	18000	₹10,62,000

Key Performance Indicators (KPI)

ROE	47.11% (FY25) / 22.79% (Sep-25)
ROCE	53.71% (FY25) / 26.69% (Sep-25)
RoNW	38.13% (FY25) / 20.46% (Sep-25)
PAT Margin	13.52% (FY25) / 15.69% (Sep-25)
EBITDA Margin	20.36% (FY25) / 21.33% (Sep-25)
EPS	₹4.76 (pre) / ₹4.95 (post)
NAV per share	₹12.48 (FY25)
Debt to Equity	0.13
P/E Ratio	12.4x (pre) / 11.91x (post)
Industry P/E	18–25x (electrical equipment)

Company Financial Data

Period	Assets	Total Income	PAT	EBITDA	Net Worth	Borrowings
31 Mar 2023	₹28.52 Cr	₹53.26 Cr	₹4.02 Cr	₹7.42 Cr	₹13.49 Cr	₹7.33 Cr
31 Mar 2024	₹38.07 Cr	₹62.93 Cr	₹8.31 Cr	₹12.52 Cr	₹21.80 Cr	₹9.27 Cr
31 Mar 2025	₹49.42 Cr	₹62.93 Cr	₹8.31 Cr	₹12.52 Cr	₹21.80 Cr	₹5.69 Cr
30 Sep 2025	₹53.91 Cr	₹36.28 Cr	₹5.61 Cr	₹7.63 Cr	₹27.41 Cr	₹5.68 Cr

Grey Market Premium

GMP Price	₹20 – ₹24 (~34–41%)
Kostak Rate	N/A
Subject to Sauda	N/A
Last Updated	Jan 2026
Estimated Listing Price	₹80 – ₹85

IPO Subscription Data

Total Subscription	131.82x
QIB (Ex Anchor)	54.97x
HNI Subscription	219.02x (bNII 258x, sNII 141x)
Retail Subscription	137.52x
Anchor	-

IPO Intermediaries

Registrar: Integrated Registry Management Services Private Limited

Registrar Website: https://www.integratedindia.in

IPO Lead Manager(s)

Indcap Advisors Private Limited

IPO Documents

DRHP RHP Prospectus PDF Investor Presentation

Explore More Investment Opportunities

Discover IPOs, unlisted shares, and broker comparison tools curated for smart investors.

Insight Hub

Read IPO news, blogs & market insights

→

Unlisted Shares

Invest before public listing

→

Compare Brokers

Find the best broker platform

→