Avana Electrosystems Limited Link 
Allotment
Avana Electrosystems is set to launch its IPO on January 12, 2026, with the issue closing on January 14, 2026. This is a book-building issue, through which the company plans to raise approximately ₹35 crores, comprising a fresh issue of ₹33 crores and an offer for sale of up to 7,94,000 equity shares with a face value of ₹10 each.
The IPO price band is ₹56 to ₹59 per share. The allocation will be divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs). The IPO is scheduled to be listed on NSE on January 19, 2026, with allotment results expected on January 15, 2026.
Financial Performance:
The company reported a revenue of ₹62.93 crores in FY 2025, up from ₹53.26 crores in FY 2024. Profit after tax (PAT) rose to ₹8.31 crores in FY 2025, compared to ₹4.02 crores in FY 2024. Based on its financial growth, the IPO is suggested for investors with a long-term investment horizon.
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Open
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HIgh - Low
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Total Traded Value
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52 Weeks High
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52 Weeks Low
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Updates On
Jan 5, 2026
IPO. Open
Jan 12, 2026
IPO. Close
Jan 14, 2026
IPO. Price
₹59.00
IPO Market price
₹133.61 Cr
IPO Details
| IPO Date | 19 Jan |
| IPO Listing Date | 19 Jan |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹59.00 |
| IPO Issue Size | 59,70,000 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 1,74,69,408 shares |
IPO Timeline
| IPO Open Date | 12 Jan |
| IPO Close Date | 14 Jan |
| IPO Allotment (Tentative) | 15 Jan |
| Refunds | 16 Jan |
| Credit to Demat Account | 16 Jan |
| IPO Listing Date | 19 Jan |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 28,18,000 Shares |
| NII (HNI) Shares Offered | 8,64,000 Shares |
| Retail Shares Offered | 19,88,000 Shares |
IPO Lot Size
Investors can bid for a minimum of 4,000 shares, and thereafter in multiples of 2,000 shares.
| Application | Lots | Share | 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 |
Incorporated in 2010, Avana Electrosystems Limited specializes in the manufacturing of customized Control and Relay Panels for power system applications.
Products and Applications:
The company offers Control and Relay Panels ranging from 11kV to 220kV for power system monitoring, control, and protection of transmission lines, power transformers, bus bars, capacitor banks, and more. These products are designed for both indoor and outdoor usage, including MV and LV panels, protection relays, and substation automation systems.
Manufacturing Facilities:
Avana Electrosystems operates two manufacturing units located in Peenya Industrial Estate, Bengaluru, Karnataka, specializing in industrial production and advanced engineering solutions.
Product Portfolio:
Indoor Type Control and Relay Panels
Numerical Protection Relays
Electromechanical Relays
Substation Automation Panels
Relay Test Blocks and Test Plugs
As of August 31, 2025, the company had 129 employees.
Competitive Strengths:
Strong customer relationships and a wide customer base
Expertise in customization and multi-application solutions
Adherence to quality standards, certifications, and rigorous quality testing
Experienced promoters and senior management team
Expanding geographical reach
Company Financials (Consolidated)
| Assets | 49.42 | 38.07 | 28.52 |
| Total Income | 62.93 | 53.26 | 28.59 |
| Profit After Tax | 8.31 | 4.02 | 0.92 |
| EBITDA | 12.52 | 7.42 | 1.92 |
| NET Worth | 21.8 | 13.49 | 9.46 |
| Reserves and Surplus | 21.01 | 12.69 | 8.67 |
| Total Borrowing | 5.69 | 9.27 | 7.33 |
Key Performance Indicator (KPI)
| 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 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 11.55 |
| 2 | To meet out the expenses of Working Capital Requirement | 8.4 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Avana Electrosystems Ltd. Address
No: 8, KAIDB, lot No. 35, 1st Main Road,
2nd Phase, Peenya Industrial Area,
Nelagadaranahalli Village, Peenya Small Industries
Bangalore Metropolitan Region, Karnataka, 560058
91 80 4123 3386
cs@avanaelectrosystems.com
Detail Registrar
IPO Registrar
Integrated Registry Management Services Pvt.Ltd.
044 – 28140801 to 28140803
smeipo@integratedindia.in
Avana Electrosystems is launching a ₹35 crore book-building SME IPO comprising both a fresh issue and an offer for sale.
Retail investors must apply for a minimum of 4,000 shares, requiring an investment of approximately ₹2.36 lakh at the upper price band.
IPO proceeds will be used for setting up an integrated manufacturing unit, meeting working capital needs, and supporting general corporate purposes.
The company reported 18% revenue growth and 107% PAT growth in FY2025, reflecting strong operational improvement and profitability momentum.
Avana Electrosystems manufactures customized control and relay panels for power systems, serving transmission, substations, and industrial automation applications.
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