Avana Electrosystems IPO Date, Review, Price, Allotment Details
The Avana Electrosystems IPO is scheduled to open on January 12, 2026, and will close on January 14, 2026. This is a book-built IPO through which the company plans to raise approximately ₹35 crore, consisting of a fresh issue of ₹33 crore and an offer for sale of up to 7,94,000 equity shares, each with a face value of ₹10.
The IPO price band has been fixed at ₹56 to ₹59 per share. The allocation is divided as 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high net-worth individuals (HNIs). The shares are expected to be listed on the NSE on January 19, 2026, with the allotment likely to be finalized on January 15, 2026.
Financially, the company reported revenue of ₹62.93 crore in FY2025, up from ₹53.26 crore in FY2024. Net profit also rose significantly to ₹8.31 crore in FY2025 compared to ₹4.02 crore in the previous year. Based on these financials, the IPO may be considered suitable for long-term investors.
Avana Electrosystems IPO Details
IPO Open Date January 12, 2026 IPO Close Date January 14, 2026 Face Value ₹10 Per Equity Share IPO Price Band ₹56 to ₹59 Per Share Issue Size Approx ₹35 Crores Fresh Issue Approx ₹33 Crores Offer for Sale: Approx 7,94,000 Equity Shares Issue Type Book Build Issue IPO Listing NSE SME DRHP Draft Prospectus 
Avana Electrosystems IPO Market Lot
The minimum application size for the Avana Electrosystems IPO is 4,000 equity shares, requiring an investment of ₹2,36,000.
Application Lot Size Shares Amount Retail Minimum 2 4,000 ₹2,36,000 Retail Maximum 2 4,000 ₹2,36,000 S-HNI Minimum 3 6,000 ₹3,54,000 S-HNI Maximum 8 16,000 ₹9,44,000 B-HNI Minimum 9 18,000 ₹10,62,000
IPO Reservation
Investor Category Share Offered -% Shares Anchor Investor 16,90,000 Shares 28.31% QIB (Ex. Anchor) 11,28,000 Shares 18.89% NII Shares Offered 8,64,000 Shares 14.47% Retail Shares Offered 19,88,000 Shares 33.30%
Avana Electrosystems IPO Anchor Investors
Anchor Bidding Date January, 2026 Anchor Investors List Shares Offered 16,90,000 Shares Anchor Size 9.97 Cr. lock-in period end date 50% shares (30 Days) February 14, 2026 lock-in period end date 50% shares (90 Days) April 15, 2026
Avana Electrosystems IPO Dates
The Avana Electrosystems IPO will open on January 12 and close on January 14. The allotment is expected to be finalized on January 15, with the shares scheduled to be listed on January 19.
IPO Open Date: January 12, 2026 IPO Close Date: January 14, 2026 Basis of Allotment: January 15, 2026 Refunds: January 16, 2026 Credit to Demat Account: January 16, 2026 IPO Listing Date: January 19, 2026 IPO Bidding Cut-off Time: January 14, 2026 – 5 PM
Promoters and Holding Pattern
The promoters of Avana Electrosystems are Anantharamaiah Panish, Gururaj Dambal, S. Vinod Kumar, and K. N. Sreenath.
Particular Shares % Share Promoter Holding Pre Issue 1,74,69,408 100% Promoter Holding Post Issue 2,26,45,408 73.64%
Objects of the Issue & Utilisation of proceeds
Purpose Crores Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit ₹11.55 To meet Working Capital requirements of the Company ₹8.40 General Corporate Purpose ₹-
About Avana Electrosystems IPO
Established in 2010, Avana Electrosystems Limited is engaged in the manufacturing of customised control and relay panels. Its product portfolio includes Indoor Type Control and Relay Panels, Numerical Protection Relays, Electromechanical Relays, Substation Automation Panels, as well as Relay Test Blocks and Test Plugs.
The company manufactures control and relay panels ranging from 11kV to 220kV, designed to monitor, control, and safeguard power systems. These panels are widely used across power transmission lines, transformers, substations, and capacitor banks. In addition, Avana Electrosystems Limited provides medium-voltage and low-voltage panels, protection relays, and advanced automation systems. The company operates two manufacturing facilities located at Peenya Industrial Estate, Bengaluru, Karnataka.
Avana Electrosystems IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹28.59 ₹27.41 ₹0.92 ₹28.52 2024 ₹53.26 ₹47.03 ₹4.02 ₹38.07 2025 ₹62.93 ₹50.64 ₹8.31 ₹49.42
Avana Electrosystems IPO Valuation – FY2025
Check Avana Electrosystems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 47.11% ROCE: 53.71% EBITDA Margin: 20.36% PAT Margin: 13.52% Debt to equity ratio: – Earning Per Share (EPS): ₹4.76 (Basic) Price/Earning P/E Ratio: N/A Return on Net Worth (RoNW): 38.13% Net Asset Value (NAV): ₹12.48
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Danish Power Limited 34.55 30.18 18.00% 162.51 432.95Cr. Aartech Solonics Limited 0.87 73.86 8.74% 19.80 39.33 Cr.
IPO Lead Managers aka Merchant Bankers
- Indcap Advisors Pvt. Ltd.
Company Address
Avana Electrosystems Ltd.
No: 8, KAIDB, lot No. 35, 1st Main Road,
2nd Phase, Peenya Industrial Area,
Nelagadaranahalli Village, Peenya Small Industries
Bangalore Metropolitan Region, Karnataka, 560058
Phone: 91 80 4123 3386
Email: cs@avanaelectrosystems.com
Website: https://avanaelectrosystems.com/
IPO Registrar
Integrated Registry Management Services Pvt. Ltd.
Phone: 044 – 28140801 to 28140803
Email: smeipo@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1