Bookbuilding IPO | ₹35 Cr | Listed at NSE SME | Mon, Jan 12, 2026 - Wed, Jan 14, 2026
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 bidding started from Jan 12, 2026 and ended on Jan 14, 2026. The allotment for Avana Electrosystems IPO was finalized on Jan 15, 2026. The shares got listed on the NSE SME on Jan 20, 2026.
Avana Electrosystems IPO is set final issue price at ₹59 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,18,000 (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.
Indcap Advisors Pvt.Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd..
Refer to Avana Electrosystems IPO RHP for detailed Information.
IPO Open
Mon, Jan 12, 2026
IPO Close
Wed, Jan 14, 2026
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹133.61 Cr
| IPO Date | 12 to 14 Jan, 2026 |
| Listed on | Tue, Jan 20, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 59,70,000 shares (agg. up to ₹35 Cr) |
| Reserved for Market Maker | 3,00,000 shares Asnani Stock Broker Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (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) |
| Share Holding Pre Issue | 1,74,69,408 shares |
| Share Holding Post Issue | 2,26,45,408 shares |
| NSE Symbol | AVANA |
| ISIN | INE1KU201016 |
Avana Electrosystems IPO comprises a total issue size of 59,70,000 shares. The net offer to the public is 56,70,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,18,000 (49.70%) are allocated to QIB, 8,64,000 (15.24%) allocated to NII 19,88,000 (35.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,18,000 | 49.70% | 47.20% |
| − Anchor Investor Shares Offered | 16,90,000 | 28.31% | |
| − QIB (Ex. Anchor) Shares Offered | 11,28,000 | 18.89% | |
| NII (HNI) Shares Offered | 8,64,000 | 15.24% | 14.47% |
| − bNII > ₹10L | 5,76,000 | 9.65% | |
| − sNII < ₹10L | 2,88,000 | 4.82% | |
| Retail Shares Offered | 19,88,000 | 35.06% | 33.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.03% | |
| Total Shares Offered | 59,70,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| 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 raises ₹9.97 crore from anchor investors. Avana Electrosystems IPO Anchor bid date is January 9, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jan 9, 2026 |
| Shares Offered | 16,90,000 |
| Anchor Portion (₹ Cr.) | 9.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 14, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 15, 2026 |
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:
As on August 31, 2025, the company had 129 employees.
Competitve Strengths:
| 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 ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 8.60 |
| 3 | General Corporate Purposes | 4.57 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 22.79% | 47.11% |
| ROCE | 26.69% | 53.71% |
| Debt/Equity | 0.13 | |
| RoNW | 20.46% | 38.13% |
| PAT Margin | 15.69% | 13.52% |
| EBITDA Margin | 21.33% | 20.36% |
| Price to Book Value | 3.76 | 4.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.76 | 4.95 |
| P/E (x) | 12.4 | 11.91 |
| Promoter Holding | 100% | 73.64% |
| Market Cap | ₹133.61 Cr. |
The Avana Electrosystems IPO is subscribed 131.82 times on January 14, 2026 6:19:59 PM (Day 3). The public issue subscribed 137.52 times in the individual investors category, 54.97 times in the QIB category, and 219.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 54.97 | 11,28,000 | 6,20,06,000 | 44 |
| NII* | 219.02 | 8,64,000 | 18,92,32,000 | 0 |
| bNII (> ₹10L) | 258.08 | 5,76,000 | 14,86,54,000 | |
| sNII (< ₹10L) | 140.90 | 2,88,000 | 4,05,78,000 | |
| Individual Investor | 137.52 | 19,88,000 | 27,33,88,000 | 68,347 |
| Total | 131.82 | 39,80,000 | 52,46,26,000 | 82,699 |
Total Applications: 82,699
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Commission | 2.43 |
| 2 | Brokerage, Selling commission and Upload fees | 0.01 |
| 3 | Fees Payable to Registrar to the Offer | 0.03 |
| 4 | Legal Advisor to the Offer | 0.03 |
| 5 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 2.61 |
| 6 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.14 |
| 7 | Others: Fees payable to Peer Review Auditor | 0.04 |
| 8 | Fees Payable to Market Maker (for Three Years) | 0.11 |
| 9 | Concurrent Auditor Fees | 0.01 |
| 10 | PCS Search Report | 0.02 |
| 11 | Regulatory Filings | 0.34 |
| 12 | Miscellaneous | 0.94 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹77.50 |
| Low | ₹73.65 |
| High | ₹81.35 |
| Last Trade | ₹80.30 |
Integrated Registry Management Services Pvt.Ltd.
Lead Manager Reports
Avana Electrosystems IPO is a SME IPO of 59,70,000 equity shares of the face value of ₹10 aggregating up to ₹35 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jan 12, 2026, and closes on Wed, Jan 14, 2026.
Integrated Registry Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Avana Electrosystems IPO using UPI as a payment gateway. Zerodha customers can apply in Avana Electrosystems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Avana Electrosystems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Avana Electrosystems IPO opens on Mon, Jan 12, 2026 and closes on Wed, Jan 14, 2026.
Avana Electrosystems IPO lot size is 2000, and the minimum amount required for application is ₹2,36,000, with 2 lots being the minimum application size.
You can apply in Avana Electrosystems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Avana Electrosystems IPO will be done on Thursday, January 15, 2026, and the allotted shares will be credited to your demat account by Fri, Jan 16, 2026. Check the Avana Electrosystems IPO allotment status.
The Avana Electrosystems IPO listing date is on Tue, Jan 20, 2026.
