Avana Electrosystems IPO Details
SME
Avana Electrosystems IPO opens for subscription on 12 Jan 2026 and closes on 14 Jan 2026. The IPO will be listed on NSE with the tentative listing date set for 19 Jan 2026.
Avana Electrosystems IPO price band has been fixed at ₹56 – ₹59 per share.The face value is ₹10 per share with a lot size of 2000.
Avana Electrosystems IPO total issue size comprises 59,70,000 shares (aggregating up to ₹35.22 Cr.). This includes a fresh issue of 51,76,000 shares (aggregating up to ₹30.54 Cr.). Offer for Sale consists of 7,94,000 shares (aggregating up to ₹4.68 Cr.). Pre-issue shareholding stands at 1,74,69,408, which will increase to 2,26,45,408 post-issue.
Avana Electrosystems IPO carries a ₹13 (22.03%) GMP, reflecting investor sentiment.
Avana Electrosystems IPO Lot Size : Individual Minimum is 2 lots (4,000 shares) amounting to ₹236,000. Individual Maximum is 2 lots (4,000 shares) amounting to ₹236,000. SHNI Minimum is 3 lots (6,000 shares) amounting to ₹354,000. SHNI Maximum is 8 lots (16,000 shares) amounting to ₹944,000. BHNI Minimum is 9 lots (18,000 shares) amounting to ₹1,062,000.
The Lead Managers for Avana Electrosystems IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Indcap Advisors Pvt. Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Asnani Stock Broker Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Avana Electrosystems Limited RHP.
Avana Electrosystems IPO Details
Avana Electrosystems IPO Subscription
Avana Electrosystems IPO Application Wise Breakup
Avana Electrosystems IPO Dates
- 12 Jan 2026Opening dateOpen
- 14 Jan 2026Closing dateClose
- 15 Jan 2026Allotment Date Allotment
- 16 Jan 2026Initiation of RefundsRefund
- 16 Jan 2026Credit of SharesCredit
- 19 Jan 2026Listing dateListing
Avana Electrosystems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 4000 | ₹236,000 |
| Individual Maximum | 2 | 4000 | ₹236,000 |
| SHNI Minimum | 3 | 6000 | ₹354,000 |
| SHNI Maximum | 8 | 16000 | ₹944,000 |
| BHNI Minimum | 9 | 18000 | ₹1,062,000 |
Avana Electrosystems IPO Reservation
Promoter Holding
Avana Electrosystems IPO Valuations
Avana Electrosystems Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 | 21.80 | 13.49 | 9.46 |
| Reserves and Surplus | 21.01 | 12.69 | 8.67 |
| Total Borrowing | 5.69 | 9.27 | 7.33 |
| Amount in ₹ Crore | |||
About Avana Electrosystems IPO
Avana Electrosystems Limited was incorporated in 2010 and is engaged in the manufacturing of customised Control and Relay Panels for power system monitoring, control, and protection applications. The Company serves utilities, EPC contractors, and industrial customers across transmission and distribution infrastructure.
Avana Electrosystems offers Control and Relay Panels ranging from 11 kV to 220 kV, designed for applications involving transmission lines, power transformers, bus bars, capacitor banks, and related systems. Its solutions are suitable for indoor and outdoor installations, covering medium-voltage (MV) and low-voltage (LV) panels, along with protection relays and substation automation systems.
The Company operates two manufacturing units located at Peenya Industrial Estate, Bengaluru, Karnataka, equipped for industrial-scale production and advanced engineering, enabling delivery of application-specific, reliable, and compliant 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, Avana Electrosystems Limited employed 129 personnel, supporting its manufacturing, engineering, quality assurance, and project execution functions.
With its focus on custom engineering, quality standards, and power-system expertise, Avana Electrosystems Limited is positioned to support the evolving needs of India’s power transmission and distribution sector.
Strength Of Avana Electrosystems IPO
- Strong customer relationships and wide customer base.
- Customisation & Multi - Product Portfolio.
- Quality Standard Certifications & Quality Tests.
- Experienced Promoters and Senior Management Team.
- Geographical reach.
- In-house R&D Team.
Risk Of Avana Electrosystems IPO
- The company's intend to set up its integrated manufacturing unit on land taken on leave and license from Karnataka Industrial Areas Development Board (KIADB) and a part of the IPO proceeds is proposed to be utilised for the same. As per the lease agreement entered with KIADB, there are certain prescribed conditions and timelines pertaining to commencement and completion of work. The Company was required to start the commercial productions by June 01, 2020. Our Company didn't start the commercial production by the given date. Subsequently, the company has been granted one year extension of time by KIADB for the commercial productions i.e. till May 22, 2026. In case the company fails to start its commercial production by May 22, 2026,the company may face consequences of non-adherence of the terms and conditions of KIADB, which could have an adverse impact on its growth plans and the company's business and financial condition.
- The company has not identified any alternate source of funding to meet its capital expenditure requirements and hence any failures or delay on the company's part to mobilize the required resources or any shortfall in the Net Issue proceeds may delay the implementation schedule.
- The company derives a significant portion of its revenue from operations from limited number of customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for the company's products could adversely affect its business, results of operations, financial condition and cash flows. Any adverse change in the business relationship with one or more of the company's top 5 and top 10 customers, including a reduction in order volume, changes in contract terms, delayed payments, or termination, could materially and adversely affect its revenue, cash flows, and overall financial performance.
- A significant portion of its revenue from operations is generated from three states (Madhya Pradesh, Maharashtra and Karnataka). Any adverse development affecting the company's business operations in these regions could have a negative impact on its revenue and results of operations.
- The company depends on the Tender / Government Orders from State owned Power Distribution and Transmission Companies, Private Players engaged in panel manufacturing / EPC Contractors and Dealers for selling of the company's products. The company's significant dependence on Private Players for supply of its products may affect the company's revenue from operation and profits.
- The company's reliance for raw materials/components is highly dependent on a few limited numbers of suppliers and the loss of one or more such suppliers, the deterioration of their financial condition or prospects, or higher demand from its competitors could adversely affect the company's supplies from these suppliers. Any adverse change in its business relationship with one or more of the company's top 5 and top 10 suppliers, including a reduction in materials supplied, changes in supply terms, changes in payment terms, or termination of its orders, could materially and adversely affect the company's revenue, cash flows, and overall financial performance and also expose it to risks of supply disruptions, pricing volatility which may adversely impact our production schedules and financial performance.
- The company does not possess the information, consents, confirmations, or undertakings from the immediate relative (R. Manoharan -father-in-law) of one of our Promoters i.e., S. Vinod Kumar. R. Manoharan is considered as a part of the Promoter Group as per Regulation 2(1)(pp) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the details of him, along with any entities associated with him as part of the Company's "promoter group", are required to be disclosed in the Offer Documents.
- The company is subject to strict quality requirements by its customers any product defect issues, and any failures by it to comply with these requirements may lead to the cancellation of existing and future orders, recalls and product rejections.
- The company does not own both its manufacturing units and the Registered Office from where the company operates. Both our manufacturing units including registered office has been taken on lease basis. Further, the lease deed of its manufacturing units is not registered.
- The Company may face the likelihood of time overrun and cost overrun during the relocation of its two manufacturing units into one integrated unit is subject to various risks and uncertainties, and any time overrun, cost overrun or failures in implementation may adversely affect the company's business, financial condition, and results of operations
Objectives Avana Electrosystems IPO
1. Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit
2. To meet Working Capital requirements of the Company
3. General Corporate Purposes
Company Contact Details
Avana Electrosystems Ltd.
No: 8, KAIDB, lot No. 35, 1st Main Road,
2nd Phase, Peenya Industrial Area,
Nelagadaranahalli Village, Peenya Small Industries
Bangalore Metropolitan Region, Karnataka, 560058
Phone: 91 80 4123 3386
Email: cs@avanaelectrosystems.com
Website: https://avanaelectrosystems.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports