Acetech E-Commerce IPO...
21 Feb, 2026
Avana Electrosystems IPO
Avana Electrosystem IPO is a book-building issue of ₹35.22 cr, which is a mix of a fresh issue of 0.52 cr and an offer for sale of 0.08 cr. The price band is set at ₹56 to ₹59 per share and the lot size for an application is 2,000. The minimum investment required by an individual investor is ₹2,36,000 (4,000 shares). The IPO opens for subscription on Jan 12, 2026 and closes on Jan 14, 2026. Their IPO will list on the NSE SME with a tentative listing date fixed as Jan 19, 2026.
Company Background
Avana Electrosystems Ltd. was incorporated in 2010. This company works in manufacturing customized Control and Relay Panels for power system monitoring, control and protection. They operate two manufacturing units in Peenya Industrial Estate, Bengaluru, with an aggregate covered area of approximately 12,500 sq. ft. Unit I has an installed capacity of around 70,000 protection relays per annum, while Unit II can produce about 600 control and relay panels annually, supported by in-house testing and calibration facilities. Its products (11 kV to 220 kV panels and relays) have been successfully supplied and commissioned across India and exported to other countries, reflecting strong market acceptance and engineering excellence.
Operations and Product Range
Facility and Production
This company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, specializing in customized Control and Relay Panels. The units are equipped with advanced machinery and in-house testing facilities, enabling production of MV/LV panels, protection relays, substation automation systems and related electrical control products for indoor and outdoor applications.
Brands and Market Presence
This company serves the power and industrial sectors, providing customized solutions for transmission lines, transformers, bus bars and capacitor banks. Their brand presence has made them a wide customer base and strong client relationships. Avana has established a significant presence across India, catering to utilities, industrial clients and private power companies.
Revenue Channels
- • Sales of products in both the domestic and international markets.
- • Customised solutions to meet the requirements of the clients.
- • B2B sales; supplying bulk products.
Management and Shareholding
Promoters and Shareholding
The promoters and shareholders of this company are experts and experienced in their work. They provide strategic direction, operational guidance and drive technological advancement in the company’s product offerings. Their combined experience and strategic oversight ensure operational efficiency, innovation and long-term growth.
Board Members
Avana’s board members contain five directors only, but they are experts in electrical engineering, industrial manufacturing and corporate governance. The board members of this company aim to expand market reach, enhance product innovation and maintain high-quality standards. Each member contributes in the company's strategic planning, operational oversight, customer relationship management and R&D guidance, steering the company toward sustainable growth.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Avana Electrosystems IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Avana Electrosystems IPO Details
| Detail | Description |
|---|---|
| IPO Date | 12 to 14 Jan, 2026 |
| Listing Date | Mon, Jan 19, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹56 to ₹59 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | 59,70,000 shares (agg. up to ₹35 Cr) |
| Reserved for Market Maker | 3,00,000 shares (agg. up to ₹2 Cr) Asnani Stock Broker Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | (Ex Market Maker) 48,76,000 shares (agg. up to ₹29 Cr) |
| Offer for Sale | 7,94,000 shares of ₹10 (agg. up to ₹5 Cr) |
| Net Offered to Public | 56,70,000 shares(agg. up to ₹33 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,74,69,408 shares |
| Share Holding Post Issue | 2,26,45,408 shares |
Avana Electrosystems IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Jan 12, 2026 |
| IPO Close Date | Wed, Jan 14, 2026 |
| Tentative Allotment | Thu, Jan 15, 2026 |
| Initiation of Refunds | Fri, Jan 16, 2026 |
| Credit of Shares to Demat | Fri, Jan 16, 2026 |
| Tentative Listing Date | Mon, Jan 19, 2026 |
Avana Electrosystems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,36,000 |
| Individual investors (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 |
Avana Electrosystems IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | - |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Strong network in the market and a broader customer base
- • High-quality products
- • Experienced promoters & management
- • PAN India Reach
Avana Electrosystems IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 53.91 | 36.28 | 5.61 | 27.41 | 9.94 | 5.68 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 49.42 | 62.93 | 8.31 | 21.80 | 21.01 | 5.69 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 38.07 | 53.26 | 4.02 | 13.49 | 12.69 | 9.27 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 28.52 | 28.59 | 0.92 | 9.46 | 8.67 | 7.33 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.76 | 3.67 |
| P/E (x) | 12.4 | 16.07 |
Avana Electrosystem IPO Proceeds
- • Capital investment in internal electric and plumbing work to set up the new manufacturing unit.
- • Meeting the capital requirements of the company.
- • General corporate expenses.
Conclusion
The Avana Electrosystem IPO provides an opportunity for investors to invest in a growing company. This company offers control and relay panels ranging from 11kV to 220kV for different purposes, like power transformers, Bus bars, etc. This company has managed its position in the market since 2010. Their team includes experienced promoters and a senior management team. Avana Electrosystem Ltd. has established a PAN India reach by providing specialized industrial production and advanced engineering solutions.
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Frequently Asked Questions (FAQs)
-
What are the Avana Electrosystem IPO issue dates and price band?
The IPO opens on January 12, 2026 and closes on January 14, 2026. The price band is ₹56 to ₹59 per share.
-
Where will the Avana Electrosystem IPO be listed?
The IPO is expected to be listed on the NSE SME platform.
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What does Avana Electrosystem Ltd. do?
They offer control and relay panels ranging from 11kV to 220kV for power system monitoring, control and protection applications, etc. Overall, they specialize in industrial production and advanced engineering solutions.
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How much is the Avana Electrosystem IPO size and issue type?
The IPO size is ₹35.00 cr and the issue type is a Book-building IPO.
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What is the lot size and minimum investment for the Avana Electrosystem IPO?
The lot size is 2,000 shares. The minimum investment for individual investors is ₹2,36,000.
-
How will the Avana Electrosystem IPO proceeds be used?
IPO Proceeds will be used for the purchase of capital expenditure for new manufacturing units and to meet working capital requirements and the rest will be used for the general corporate purposes.
