Comparison between Avana Electrosystems IPO and Utkal Speciality IPO.
Avana Electrosystems IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Utkal Speciality IPO is a SME Bookbuilding proposed to list at NSE SME.
| Avana Electrosystems IPO | Utkal Speciality IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Indcap Advisors Pvt.Ltd. | Affinity Global Capital Market Pvt.Ltd. |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Cameo Corporate Services 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 | |
| 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 Utkal Speciality IPO is up to ₹32.80 Cr. The final issue price of Avana Electrosystems IPO is ₹59.00 per share and of Utkal Speciality IPO is ₹66.00 per share.
| Avana Electrosystems IPO | Utkal Speciality IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹56.00 per share | ₹62.00 per share |
| Issue Price (Upper) | ₹59.00 per share | ₹66.00 per share |
| Issue Price (Final) | ₹59.00 per share | ₹66.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 48,76,000 shares | 49,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹28.77 Cr | up to ₹32.80 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 | 49,70,000 shares |
| Issue Size Total (Amount) | up to ₹33.45 Cr | up to ₹32.80 Cr |
Avana Electrosystems IPO opens on Jan 12, 2026, while Utkal Speciality IPO opens on Jun 10, 2026. The closing date of Avana Electrosystems IPO and Utkal Speciality IPO is Jan 14, 2026, and Jun 12, 2026, respectively.
| Avana Electrosystems IPO | Utkal Speciality IPO | |
|---|---|---|
| Anchor Bid Date | Jan 09, 2026 | |
| Issue Open | Jan 12, 2026 | Jun 10, 2026 |
| Issue Close | Jan 14, 2026 | Jun 12, 2026 |
| Basis Of Allotment (Tentative) | Jan 15, 2026 | Jun 15, 2026 |
| Initiation of Refunds (Tentative) | Jan 16, 2026 | Jun 16, 2026 |
| Credit of Share (Tentative) | Jan 16, 2026 | Jun 16, 2026 |
| Listing date (Tentative) | Jan 20, 2026 | Jun 17, 2026 |
| Anchor Lockin End date 1 | Feb 14, 2026 | |
| Anchor Lockin End date 2 | Apr 15, 2026 |
Avana Electrosystems IPO P/E ratio is 12.4, as compared to Utkal Speciality IPO P/E ratio of 14.12.
| Avana Electrosystems IPO | Utkal Speciality IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.64 | 73.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.4 | 14.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹133.61 Cr. | ₹128.92 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 47.11 | 35.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 53.71 | 23.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.13 | 0.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.76 | ₹4.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 38.13 | 30.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Avana Electrosystems IPO Retail Individual Investors (RII) are offered 19,88,000 shares while in Utkal Speciality IPO retail investors are offered 19,88,000 shares. Qualified Institutional Buyers (QIB) are offered 11,28,000 shares in Avana Electrosystems IPO and 50,000 shares in Utkal Speciality IPO.
| Avana Electrosystems IPO | Utkal Speciality IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,90,000 shares | 0 shares |
| Market Maker Reservation | 3,00,000 shares | 2,64,000 shares |
| QIB | 11,28,000 shares | 50,000 shares |
| NII | 8,64,000 shares | 19,68,000 shares |
| RII | 19,88,000 shares | 29,52,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 56,70,000 shares | 49,70,000 shares |
Avana Electrosystems IPO subscribed 92.53x in total, whereas Utkal Speciality IPO subscribed 1.63x.
| Avana Electrosystems IPO | Utkal Speciality IPO | |
|---|---|---|
| QIB (times) | 54.97x | 1.12x |
| NII (times) | 219.02x | 0.94x |
| Big NII (times) | 258.08x | 0.96x |
| Small NII (times) | 140.90x | 0.90x |
| RII (times) | 137.52x | 2.10x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 92.53x | 1.63x |
