Avana Electrosystems Limited
Bookbuilding IPO · NSE
- Price band
- ₹56 - ₹59
- Lot size
- 2,000 shares
- Issue amount
- ₹35.22 cr
- Total subscription
- 131.89×
- Opens
- 12 Jan 2026
- Closes
- 14 Jan 2026
- Allotment
- 16 Jan 2026
- Listing
- 20 Jan 2026
Offer at a glance
Issue overview
- Issue size
- 59,70,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,12,000
- Fresh issue
- ₹30.53 cr
- Offer for sale
- ₹4.69 cr
- Registrar
- Integrated Registry Management Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,18,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,74,69,408
- Shares after issue
- 2,26,45,408
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,36,000 |
| sHNI | 3 | 6,000 | ₹3,54,000 |
| bHNI | 9 | 18,000 | ₹10,62,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 14 Jan 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 44 |
| NIB | 0 | 14,308 |
| RETAIL | 497 | 68,348 |
| HNIs(10L +) | 96 | 8,044 |
| HNIs (2-10L) | 48 | 6,264 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.66 | 365.84 |
| FIIs | 0 | 90.73 |
| FIs | 0 | 1.01 |
| Mutual Funds | 0 | 0.76 |
| Others | 0 | 273.34 |
| RETAIL | 11.73 | 1,613.01 |
| HNIs 2+ | 1.7 | 239.41 |
| HNIs 10+ | 3.4 | 878.83 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-23 |
|---|---|---|---|
| EPS | 3.21 | 4.76 | 2.3 |
| ROE | 22.79 | 47.11 | 35.07 |
| ROCE | 26.69 | 53.71 | 40.02 |
| RONW | 20.46 | 38.13 | 29.84 |
| PRE IPO(PE) | 0 | 12.4 | 0 |
| POST IPO(PE) | 16.07 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Avana Electrosystems Ltd | 0 | 0 | 0 | 12.48 | 38.13 | 4.76 |
| Danish Power Limited | 30.18 | 0 | 0 | 162.51 | 18.00 | 34.55 |
| Aartech Solonics Limited | 73.86 | 0 | 0 | 19.80 | 8.74 | 0.87 |
Company information
Company profile
Incorporated in 2010, Avana Electrosystems Limited is engaged in the manufacturing of customised control and relay panels used for power system monitoring, control, and protection applications such as transmission lines, power transformers, bus bars, and capacitor banks. The company offers control and relay panels ranging from 11 kV to 220 kV for both indoor and outdoor usage, along with MV and LV panels, protection relays, substation automation systems, relay test blocks, and test plugs. Avana Electrosystems operates two manufacturing units located at Peenya Industrial Estate, Bengaluru, Karnataka, focusing on industrial production supported by advanced engineering capabilities.
Strengths
- Strong Customer Relationships: Long-term associations support repeat orders and business stability.
- High Customization Capability: Can deliver multi-configuration panels tailored to client needs.
- Quality Certifications & Testing: Robust QA/QC processes ensure reliable and compliant products.
Risk factors
- Lease & Timeline Risk: Delays in starting commercial production by May 22, 2026 at the KIADB unit may result in penalties.
- Funding Execution Risk: Lack of alternate funding means IPO delays or shortfalls could postpone capex projects.
- Legal Proceedings Risk: Ongoing litigations, if decided unfavorably, could affect operations and finances.
Promoters
Anantharamaiah Panish
Gururaj Dambal
S. Vinod Kumar
K. N. Sreenath
Registrar & documents
Lead manager
Indcap Advisors Private Limited
Registrar & contacts
Integrated Registry Management Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
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
[email protected]Company website ↗Understanding AVANA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.