Avana Electrosystems IPO
Bookbuilding IPO | ₹35.00 Cr | Listing at NSE SME
IPO Open
Mon, Jan 12, 2026
IPO Close
Wed, Jan 14, 2026
Price Band
₹56.00 to ₹59.00
Market Cap (Pre-IPO)
₹133.61 Cr
IPO Details
| IPO Date | Jan 12, 2026 to Jan 14, 2026 |
| Listing Date | Tentative: Jan 19, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹56.00 to ₹59.00 |
| Lot Size | 2000 Shares (Minimum: ₹118,000.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Issue Size | ₹35.00 Crores |
| Total Shares Offered | 5,970,000 shares |
| Fresh Issue | 4,876,000 shares |
| Offer For Sale | 794,000 shares |
Avana Electrosystems IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 28,18,000 (47.20%) |
| Retail Shares Offered | 19,88,000 (33.30%) |
| NII Shares Offered | 8,64,000 (14.47%) |
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 |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹236,000 |
| Retail (Max) | 2 | 4,000 | ₹236,000 |
| S-HNI (Min) | 3 | 6,000 | ₹354,000 |
| S-HNI (Max) | 8 | 16,000 | ₹944,000 |
| B-HNI (Min) | 9 | 18,000 | ₹1,062,000 |
Avana Electrosystems Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 53.91 | 49.42 | 38.07 | 28.52 |
| Total Income | 36.28 | 62.93 | 53.26 | 28.59 |
| Profit After Tax | 5.61 | 8.31 | 4.02 | 0.92 |
| EBITDA | 7.63 | 12.52 | 7.42 | 1.92 |
| NET Worth | 27.41 | 21.80 | 13.49 | 9.46 |
| Reserves and Surplus | 9.94 | 21.01 | 12.69 | 8.67 |
| Total Borrowing | 5.68 | 5.69 | 9.27 | 7.33 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 47.11% |
| ROCE (Return on Capital Employed) | 53.71% |
| Debt/Equity | 0.13 |
| RoNW (Return on Net Worth) | 38.13% |
| PAT Margin (Profit After Tax Margin) | 13.52% |
| EBITDA Margin | 20.36% |
| Price to Book Value | 4.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.76 | 3.67 |
| P/E (x) | 12.40 | 16.07 |
| Promoter Holding | 100.00% | 73.64% |
Company Promoters
- Anantharamaiah Panish
- Gururaj Dambal
- S Vinod Kumar and K N Sreenath are the promoters of the company.
Company Overview
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 Systems.
The company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, specializing in industrial production and advanced engineering solutions.
Product Portfolio:
- Indoor Type Control and Relay Panel
- Numerical Protection Relays
- Electromechani cal Relays
- Substation Automation Panel
- Relay Test Block and Test Plug
As on August 31, 2025, the company had 129 employees.
Company Strengths
- Strong customer relationships and wide customer base
- Customisation & Multi
- Quality Standard Certifications & Quality Tests
- Experienced Promoters and Senior Management Team
- Geographical reach
Use of Proceeds
| 1) | Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit | 11.55 |
| 2) | To meet Working Capital requirements of the Company | 8.40 |
| 3) | General Corporate Purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Avana Electrosystems IPO Peer Comparison
Avana Electrosystems peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Avana Electrosystems | 4.76 | 4.76 | 12.48 | 0.00 | 38.13 | 0.00 | Standalone |
| Danish Power | 34.55 | 34.55 | 162.51 | 22.07 | 18.00 | 3.98 | Consolidated |
| Aartech Solonics | 0.87 | 0.87 | 19.80 | 66.86 | 8.74 | 2.47 | Consolidated |
Quick Info
| Sector | Power and Energy |
| Exchange | NSE SME |
| Market Cap (Pre-IPO) | ₹133.61 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jan 12, 2026 |
| IPO Close | Jan 14, 2026 |
| Allotment Date | Jan 15, 2026 |
| Credit to Demat | Jan 16, 2026 |
| Listing Date | Tentative: Jan 19, 2026 |
Lead Manager(s)
Indcap Advisors Pvt.Ltd.
Registrar
Integrated Registry Management Services Pvt.Ltd.
044 - 28140801 to 28140803
https://www.integratedregistry.in/RegistrarsToSTANew.aspx?OD=2
Description
- 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.