Comparison between Avana Electrosystems IPO and Pajson Agro India IPO.
Avana Electrosystems IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Pajson Agro India IPO is a SME Bookbuilding proposed to list at BSE SME.
| Avana Electrosystems IPO | Pajson Agro India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Indcap Advisors Pvt.Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Avana Electrosystems IPO is up to ₹33.45 Cr whereas the issue size of the Pajson Agro India IPO is up to ₹70.23 Cr. The final issue price of Avana Electrosystems IPO is ₹59.00 per share and of Pajson Agro India IPO is ₹118.00 per share.
| Avana Electrosystems IPO | Pajson Agro India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹56.00 per share | ₹112.00 per share |
| Issue Price (Upper) | ₹59.00 per share | ₹118.00 per share |
| Issue Price (Final) | ₹59.00 per share | ₹118.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1200 shares |
| Fresh Issue Size | 48,76,000 shares | 59,52,000 shares |
| Fresh Issue Size (Amount) | up to ₹28.77 Cr | up to ₹70.23 Cr |
| OFS Issue Size | 7,94,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹4.68 Cr | up to ₹0.00 Cr |
| Issue Size Total | 56,70,000 shares | 59,52,000 shares |
| Issue Size Total (Amount) | up to ₹33.45 Cr | up to ₹70.23 Cr |
Avana Electrosystems IPO opens on Jan 12, 2026, while Pajson Agro India IPO opens on Dec 11, 2025. The closing date of Avana Electrosystems IPO and Pajson Agro India IPO is Jan 14, 2026, and Dec 15, 2025, respectively.
| Avana Electrosystems IPO | Pajson Agro India IPO | |
|---|---|---|
| Anchor Bid Date | Jan 09, 2026 | Dec 10, 2025 |
| Issue Open | Jan 12, 2026 | Dec 11, 2025 |
| Issue Close | Jan 14, 2026 | Dec 15, 2025 |
| Basis Of Allotment (Tentative) | Jan 15, 2026 | Dec 16, 2025 |
| Initiation of Refunds (Tentative) | Jan 16, 2026 | Dec 17, 2025 |
| Credit of Share (Tentative) | Jan 16, 2026 | Dec 17, 2025 |
| Listing date (Tentative) | Jan 20, 2026 | Dec 18, 2025 |
| Anchor Lockin End date 1 | Feb 14, 2026 | Jan 14, 2026 |
| Anchor Lockin End date 2 | Apr 15, 2026 | Mar 15, 2026 |
Avana Electrosystems IPO P/E ratio is 12.4, as compared to Pajson Agro India IPO P/E ratio of 10.11.
| Avana Electrosystems IPO | Pajson Agro India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Pajson Agro India Ltd.'s revenue increased by 95% and profit after tax (PAT) rose by 509% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.64 | 62.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.4 | 10.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹133.61 Cr. | ₹280.95 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 47.11 | 60.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 53.71 | 48.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.13 | 0.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.76 | ₹11.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 38.13 | 46.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Avana Electrosystems IPO Retail Individual Investors (RII) are offered 19,88,000 shares while in Pajson Agro India IPO retail investors are offered 19,88,000 shares. Qualified Institutional Buyers (QIB) are offered 11,28,000 shares in Avana Electrosystems IPO and 11,82,000 shares in Pajson Agro India IPO.
| Avana Electrosystems IPO | Pajson Agro India IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,90,000 shares | 17,72,400 shares |
| Market Maker Reservation | 3,00,000 shares | 3,57,600 shares |
| QIB | 11,28,000 shares | 11,82,000 shares |
| NII | 8,64,000 shares | 9,00,000 shares |
| RII | 19,88,000 shares | 20,97,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 56,70,000 shares | 59,52,000 shares |
Avana Electrosystems IPO subscribed 92.53x in total, whereas Pajson Agro India IPO subscribed 4.56x.
| Avana Electrosystems IPO | Pajson Agro India IPO | |
|---|---|---|
| QIB (times) | 54.97x | 10.92x |
| NII (times) | 219.02x | 6.86x |
| Big NII (times) | 258.08x | 7.73x |
| Small NII (times) | 140.90x | 5.14x |
| RII (times) | 137.52x | 3.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 92.53x | 4.56x |
