Incorporated in 2010, Avana Electrosystems Limited is engaged in the manufacturing of customised Control and Relay Panels used in power system monitoring, control and protection applications.
Avana Electrosystems IPO 2026 – Dates, Price Band, Lot Size, Review & Full Details
Book Building IPO | NSE SME
IPO Snapshot
12 January 2026
14 January 2026
15 January 2026
19 January 2026 (Tentative)
₹56 – ₹59 per share
2,000 shares
₹35.22 Crore
Bookbuilding IPO (Fresh + OFS)
Avana Electrosystems IPO Key Details
| Particular | Details |
|---|---|
| IPO Dates | 12 to 14 January 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Total Issue Size | 59,70,000 shares (₹35.22 Cr) |
| Market Cap (Pre-IPO) | ₹133.61 Crore |
| Listing At | NSE SME |
| Issue Type | Book Building IPO |
| Sale Type | Fresh Capital & Offer for Sale |
| Registrar | Integrated Registry Management Services Pvt. Ltd. |
| Lead Manager | Indcap Advisors Pvt. Ltd. |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Monday, 12 January 2026 |
| IPO Closes | Wednesday, 14 January 2026 |
| Allotment | Thursday, 15 January 2026 |
| Refunds | Friday, 16 January 2026 |
| Shares Credited | Friday, 16 January 2026 |
| Listing | Monday, 19 January 2026 |
IPO Lot Size & Investment Details
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum & 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 Details
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| NII | Not less than 15% of Net Offer |
About Avana Electrosystems Ltd.
Incorporated in 2010, Avana Electrosystems Limited is engaged in the manufacturing of customised Control and Relay Panels used in power system monitoring, control and protection applications.
The company manufactures panels ranging from 11kV to 220kV for transmission lines, transformers, bus bars, capacitor banks and substations, including indoor and outdoor panels, MV and LV panels and substation automation systems.
The company operates two manufacturing units located at Peenya Industrial Estate, Bengaluru, Karnataka. As on August 31, 2025, the company had 129 employees.
Product Portfolio
- Indoor Type Control and Relay Panels
- Numerical Protection Relays
- Electromechanical Relays
- Substation Automation Panels
- Relay Test Blocks and Test Plugs
Competitive Strengths
- Strong customer relationships and wide customer base
- Customisation capabilities
- Quality certifications and testing standards
- Experienced promoters and senior management
- Pan-India geographical reach
Financial Performance (₹ Crore)
| Particular | FY25 | FY24 | FY23 |
|---|---|---|---|
| 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 |
| Total Assets | 49.42 | 38.07 | 28.52 |
| Total Borrowing | 5.69 | 9.27 | 7.33 |
Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital expenditure for integrated manufacturing unit | 11.55 |
| Working capital requirements | 8.40 |
| General corporate purposes | — |
Key Performance Indicators (FY25)
| ROE | 47.11% |
| ROCE | 53.71% |
| Debt / Equity | 0.13 |
| RoNW | 38.13% |
| PAT Margin | 13.52% |
| EBITDA Margin | 20.36% |
| Price to Book Value | 4.73 |
| Post-IPO P/E | 16.07x |
Promoters
Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar and K N Sreenath.
IPO Registrar
Integrated Registry Management Services Pvt. Ltd.
Phone: 044-28140801 to 28140803
Email: smeipo@integratedindia.in
IPO Lead Manager
- Indcap Advisors Pvt. Ltd.
Lead Manager reports include performance summary and tracker.
Company Contact Details
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
Frequently Asked Questions (FAQ)
What is the Avana Electrosystems IPO date?
The IPO opens on 12 January 2026 and closes on 14 January 2026.
What is the price band of Avana Electrosystems IPO?
The price band is ₹56 to ₹59 per share.
What is the lot size of Avana Electrosystems IPO?
The minimum application size is 4,000 shares.
When will Avana Electrosystems IPO allotment be finalised?
The allotment is expected on 15 January 2026.
Where will Avana Electrosystems IPO list?
The IPO will list on NSE SME.
Avana Electrosystems seems like an interesting play in the power sector, especially with its focus on control and relay panels. The IPO price band of ₹56–59 could attract some attention, given the increasing demand for power system protection and monitoring equipment.