Avana Electrosystems IPO
Avana Electrosystems IPO
Overview
Avana Electrosystems IPO is a book build issue of ₹35.22 crores. The issue is a combination of fresh issue of 0.52 crore shares aggregating to ₹30.54 crores and offer for sale of 0.08 crore shares aggregating to ₹4.68 crores. Avana Electrosystems IPO opens for subscription on Jan 12, 2026 and closes on Jan 14, 2026. The allotment for the Avana Electrosystems IPO is expected to be finalized on Jan 15, 2026. Avana Electrosystems IPO will list on NSE SME with a tentative listing date fixed as Jan 19, 2026. Avana Electrosystems IPO price band is set at ₹56 to ₹59 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,36,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,54,000. Indcap Advisors Pvt.Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue.
Total Shares
59,70,000
Issue Size
₹35 Cr
Price Band
₹56 – ₹59
Lot Size
2000 shares
Min. Investment
₹2,36,000
Max. Investment
₹2,36,000
Open Date
12 Jan, 2026
Close Date
14 Jan, 2026
Allotment
15 Jan, 2026
Listing
19 Jan, 2026
Max. Investment
₹2,36,000
Announced
12 Jan, 2026
Opening Date
12 Jan, 2026
Closing Date
14 Jan, 2026
Basis of Allotment
15 Jan, 2026
Initiation of Refunds
16 Jan, 2026
Credit of Shares
16 Jan, 2026
Listing Date
19 Jan, 2026
Live GMP
Est. Listing: ₹72
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About Avana Electrosystems IPO
Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.
The company offers Control and Relay Panels ranging from 11kv to 220kv for Power System Monitoring, Control and Protection Applications Transmission Lines, Power Transformers, Bus Bar, Capacitor Bank, etc, for both indoor and outdoor usage, MV and LV Panels, Protection Relays and Substation Automation Syste
Avana Electrosystems IPO Share Price
Issue Breakdown
Shareholding
Dilution: 29.6% increase in shares
Avana Electrosystems IPO Financial Health
Avana Electrosystems Ltd.'s revenue increased by 18% and profit after tax (PAT) rose by 107% between the financial year ending with March 31, 2025 and March 31, 2024.
Avana Electrosystems IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4000 | ₹2,36,000 |
| Individual investors (Retail) (Max) | 2 | 4000 | ₹2,36,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,54,000 |
| S-HNI (Max) | 8 | 16000 | ₹9,44,000 |
| B-HNI (Min) | 9 | 18000 | ₹10,62,000 |
(All values in CR)
Avana Electrosystems IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 47.11 |
| ROCE | 53.71 |
| Debt/Equity | 0.13 |
| RoNW | 38.13 |
| PAT Margin | 13.52 |
| EBITDA Margin | 20.36 |
| Price to Book Value | 4.73 |
(All values in CR)
Avana Electrosystems IPO Strength & Risk
Avana Electrosystems IPO – Strengths
Diversified product portfolio across electrical panels, switchgear, automation, and power systems
Presence across multiple industrial and power sector applications
Consistent improvement in revenue and operational performance
Established relationships with customers in infrastructure and industrial segments
Focus on quality standards and certified manufacturing processes
Experienced promoters with technical and industry expertise
Manufacturing setup located in an established industrial region
Avana Electrosystems IPO – Risks
Working capital intensive business model impacting cash flow management
Exposure to fluctuations in raw material prices affecting margins
Business performance linked to industrial and capital expenditure cycles
Competitive electrical equipment market with pricing pressure
Dependence on select customer segments and limited geographic regions
Operational risks related to expansion and execution delays
Use of leased premises may create continuity and cost-related challenges
Avana Electrosystems IPO Subscriptions Status
Avana Electrosystems IPO subscribed 131.82 times. The public issue subscribed 137.52 times in the individual investors category, 54.97 times in QIB (Ex Anchor), and 219.02 times in the NII category by January 14, 2026 5:44:59 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 16,90,000 | 16,90,000 | 9.97 |
| Market Maker | 1.00 | 3,00,000 | 3,00,000 | 1.77 |
| QIB (Ex Anchor) | 54.97 | 11,28,000 | 6,20,06,000 | 365.84 |
| Non-Institutional Buyers | 219.02 | 8,64,000 | 18,92,32,000 | 1 |
| bNII (bids above ₹10L) | 258.08 | 5,76,000 | 14,86,54,000 | 877.06 |
| sNII (bids below ₹10L) | 140.90 | 2,88,000 | 4,05,78,000 | 239.41 |
| Individual Investors | 137.52 | 19,88,000 | 27,33,88,000 | 1 |
| Total | 131.82 | 39,80,000 | 52,46,26,000 | 3 |
Avana Electrosystems IPO GMP
Avana Electrosystems SME IPO last GMP is ₹13, last updated Jan 14th 2026 04:37 PM. With the price band of 59.00, Avana Electrosystems SME IPO's estimated listing price is ₹72 (cap price + today's GMP).The expected percentage gain/loss per share is 22.03%. >> Avana Electrosystems SME IPO Retail Subject to Sauda: ₹19800 The lowest GMP is ₹0.00, while the highest GMP is ₹16.10.
Last updated 14 Jan, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 14 Jan, 2026 | 59 | ₹13▼ | 19800 | ₹72 (22.03%) | 26000 | 14 Jan, 2026 |
| 13 Jan, 2026 | 59 | ₹16.1▲ | 24500 | ₹75.1 (27.29%) | 32200 | 13 Jan, 2026 |
| 12 Jan, 2026 | 59 | ₹16▲ | 24300 | ₹75 (27.12%) | 32000 | 12 Jan, 2026 |
| 11 Jan, 2026 | 59 | ₹14 | 21300 | ₹73 (23.73%) | 28000 | 11 Jan, 2026 |
| 10 Jan, 2026 | 59 | ₹14▲ | 21300 | ₹73 (23.73%) | 28000 | 10 Jan, 2026 |
| 09 Jan, 2026 | 59 | ₹8 | 12200 | ₹67 (13.56%) | 16000 | 09 Jan, 2026 |
| 08 Jan, 2026 | 59 | ₹8▲ | 12200 | ₹67 (13.56%) | 16000 | 08 Jan, 2026 |
| 07 Jan, 2026 | 59 | ₹4.5▲ | 6800 | ₹63.5 (7.63%) | 9000 | 07 Jan, 2026 |
| 06 Jan, 2026 | 59 | ₹0 | - | ₹59 (0.00%) | - | 06 Jan, 2026 |
| 05 Jan, 2026 | 59 | ₹0 | - | ₹59 (0.00%) | - | 05 Jan, 2026 |
| 04 Jan, 2026 | 0 | ₹0 | - | ₹ (%) | - | 04 Jan, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Avana Electrosystems IPO
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Go to IPO Section
Find Avana Electrosystems IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.