SME
IPO ·
NSE SME
Avana Electrosystems Ltd
Listed
Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.
Issue details
Price band
₹56 – ₹59
Face value
₹10
Lot size
2,000 shares
Minimum investment
₹2,36,000
Issue size
₹35.22 Cr
Fresh issue
₹28.77 Cr
Offer for sale
₹4.68 Cr
Issue type
Book Built
Exchange
NSE SME
Key dates
Opens
12 Jan 2026
Closes
14 Jan 2026
UPI mandate cut-off
5:00 PM on 14 Jan 2026
Allotment
15 Jan 2026
Refunds
16 Jan 2026
Shares in demat
16 Jan 2026
Listing
20 Jan 2026
Subscription and listing
Subscription
92.76x
Listing price
₹77.50
Registrar
Integrated Registry Management Services Pvt Ltd
Lead manager
Indcap Advisors
Subscription by category
Total
92.76x
Total applications
82,523
Anchor investors
Amount raised
₹9.97 Cr
Bid date
9 Jan 2026
50% lock-in ends
14 Feb 2026
Rest lock-in ends
15 Apr 2026
Listing day
Issue price
₹59
Open
₹77.50
High
₹81.35
Low
₹73.65
Day close
₹80.30
Listing gain at open
+31.36%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
28,18,000
47.20%
Anchor Investor Shares Offered
16,90,000
28.31%
QIB (Ex. Anchor) Shares Offered
11,28,000
18.89%
NII Shares Offered
8,64,000
14.47%
bNII > ₹10L
5,76,000
9.65%
sNII < ₹10L
2,88,000
4.82%
Retail Shares Offered
19,88,000
33.30%
Market Maker Shares Offered
3,00,000
5.03%
Total Shares Offered
59,70,000
100.00%
Finaccle’s quick read
Apply
FY25 income up 18%, PAT up 107%, ROE 22.79%, post-issue P/E 11.91x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
22.79%
ROCE
26.69%
Debt / equity
—
PAT margin
15.69%
P/E post issue
11.91
Market cap
₹133.61 Cr
Use of IPO money
Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit
₹11.55 Cr
To Meet Working Capital Requirements of the Company
₹8.60 Cr
General Corporate Purposes
₹4.57 Cr
Issue Expenses
₹6.71 Cr
Strengths
✓
Revenue up 18% in FY25 to ₹62.93 Cr
✓
PAT up 107% in FY25 to ₹8.31 Cr
✓
PAT margin of 15.69%
✓
ROE of 22.79% and ROCE of 26.69%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.