Avana Electrosystems Ltd is set to open its IPO on 12th January 2026. The issue is structured as a bookbuilding offering with a mix of fresh issue and offer for sale. Below is a detailed overview of Avana Electrosystems Ltd, its IPO details, and the company snapshot.
About Avana Electrosystems Ltd.
Incorporated in 2010, Avana Electrosystems Ltd is engaged in the 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 for transmission lines, power transformers, bus bars, capacitor banks, and other applications for both indoor and outdoor usage. It also offers MV and LV panels, protection relays and substation automation systems.
The company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, specialising in industrial production and advanced engineering solutions.
Product portfolio
- Indoor Type Control and Relay Panel
- Numerical Protection Relays
- Electromechanical Relays
- Substation Automation Panel
- Relay Test Block and Test Plug
As of August 31, 2025, the company had 129 employees.
Competitive strengths
- Strong customer relationships and a wide customer base
- Customisation and Multi
- Quality standard certifications and quality tests
- Experienced promoters and senior management team
- Geographical reach
Avana Electrosystems Ltd. IPO Details
Avana Electrosystems IPO is a book build issue of ₹35.22 crores. The issue is a combination of a fresh issue of 0.52 crore shares aggregating to ₹30.54 crores and an offer for sale of 0.08 crore shares aggregating to ₹4.68 crores.
Avana Electrosystems IPO opens for subscription on January 12, 2026 and closes on January 14, 2026. The allotment for the IPO is expected to be finalised on January 15, 2026. The IPO will list on NSE SME with a tentative listing date fixed as January 19, 2026.
The IPO price band is set at ₹56 to ₹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 ₹2,36,000 (4,000 shares) based on the upper price. The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,54,000.
Lead manager: Indcap Advisors Pvt. Ltd.
Registrar: Integrated Registry Management Services Pvt. Ltd.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Mon, Jan 12, 2026 |
| IPO Close Date | Wed, Jan 14, 2026 |
| Allotment | Thu, Jan 15, 2026 |
| Refund | Fri, Jan 16, 2026 |
| Credit of Shares | Fri, Jan 16, 2026 |
| Listing | Mon, Jan 19, 2026 |
Key IPO Details
| Particulars | Details |
| IPO Date | 12 to 14 Jan, 2026 |
| Listing Date | Mon, Jan 19, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 |
| Lot Size | 2,000 shares |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Capital and OFS |
| Listing At | NSE SME |
| Total Issue Size | 59,70,000 shares (aggregating up to ₹35 Cr) |
| Reserved for Market Maker | 3,00,000 shares (aggregating up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 48,76,000 shares (aggregating up to ₹29 Cr) |
| Offer for Sale | 7,94,000 shares of ₹10 (aggregating up to ₹5 Cr) |
| Net Offered to Public | 56,70,000 shares (aggregating up to ₹33 Cr) |
| Share Holding Pre Issue | 1,74,69,408 shares |
| Share Holding Post Issue | 2,26,45,408 shares |
| Market Cap (Pre IPO) | ₹133.61 Cr |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Lot Size of Avana Electrosystems IPO
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 Ltd. Financials
Avana Electrosystems Ltd.’s revenue increased by 18%, and profit after tax (PAT) rose by 107% between the financial year ending with March 31, 2025 and March 31, 2024.
Key Company Financials (₹ in crore)
| 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 |
Objects of the Issue
The company proposes to utilise the net proceeds from the issue towards the following objects:
| Issue Objects | Estimated Amount (₹ Cr.) |
| Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit | 11.55 |
| To meet the working capital requirements of the company | 8.40 |
| General corporate purposes | – |
Key Performance Indicators
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
| ROE | 47.11% |
| ROCE | 53.71% |
| Debt to Equity | 0.13 |
| RoNW | 38.13% |
| PAT Margin | 13.52% |
| EBITDA Margin | 20.36% |
| Price to Book Value | 4.73 |
Valuation Metrics
| Metric | Pre IPO | Post IPO |
| EPS (₹) | 4.76 | 3.67 |
| P E (x) | 12.4 | 16.07 |
| Promoter Holding | 100% | 73.64% |
Promoters: Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar and K N Sreenath.
Avana Electrosystems IPO: Peer Comparison
Avana Electrosystems IPO can be compared with peers such as Havells India Ltd, ABB India Ltd, Siemens Ltd, Schneider Electric Infrastructure Ltd, and CG Power and Industrial Solutions Ltd. Reviewing these companies helps investors gauge Avana Electrosystems’ positioning within the electrical equipment and power systems segment and better understand its scale, growth potential, and competitive landscape.
Similar Blogs:
- Victory Electric Vehicles International Ltd IPO Opens: Key Details Investors Shouldn’t Miss
- Bharat Coking Coal Ltd IPO Opens: Key Details Investors Shouldn’t Miss
- Yajur Fibres Limited IPO Opens: Key Details Investors Shouldn’t Miss
- Gabion Technologies India IPO Opens: Key Details Investors Shouldn’t Miss
- Modern Diagnostic & Research Centre Ltd. IPO Opens: Key Details Investors Shouldn’t Miss
Conclusion
Avana Electrosystems Ltd operates in customised control and relay panels and offers solutions ranging from 11kv to 220kv for power system monitoring, control and protection applications, alongside related panels and automation systems. The IPO is a bookbuilding issue with a fresh issue component and an offer for sale, and it is scheduled to list on NSE SME. Investors may review the stated objects of the issue, the financial performance and the KPI snapshot provided, and the peer comparison reference as part of their overall evaluation.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
