Avana Electrosystems IPO Details
The key details of Avana Electrosystems’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹35.22 Cr |
| Price Range | ₹56 - ₹59 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 4,000 |
| Investment (cut-off price) | ₹2,36,000 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | 73.64% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Avana Electrosystems IPO Timelines
The IPO process for Avana Electrosystems includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
12/01/2026
Start Date14/01/2026
End Date16/01/2026
Refund Initiation16/01/2026
Credit of Shares to Demat Ac19/01/2026
Listing DateAvana Electrosystems IPO Lot Size
The Avana Electrosystems IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹59 per share. For retail investors, the minimum and maximum application is 4,000 shares (2 lots) amounting to ₹2,36,000. For Small HNI (S-HNI) investors, the minimum application is 6,000 shares (3 lots) worth ₹3,54,000, while the maximum is 16,000 shares (8 lots) amounting to ₹9,44,000. Big HNI (B-HNI) investors need to apply for at least 18,000 shares (9 lots), totaling ₹10,62,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4000 | ₹2,36,000 |
| Retail Maximum | 2 | 4000 | ₹2,36,000 |
| S-HNI Minimum | 3 | 6000 | ₹3,54,000 |
| S-HNI Maximum | 8 | 16000 | ₹9,44,000 |
| B-HNI Minimum | 9 | 18000 | ₹10,62,000 |
Avana Electrosystems IPO Subscription Status
The subscription status for Avana Electrosystems IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Avana Electrosystems IPO Company Financials
Avana Electrosystems reports robust performance in FY2025 with Total Income of ₹62.93 crores, managing expenses at ₹50.64 crores, and achieving a strong PAT (Profit After Tax) of ₹8.31 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹28.59 | ₹27.41 | ₹0.92 |
| FY 2024 | ₹53.26 | ₹47.03 | ₹4.02 |
| FY 2025 | ₹62.93 | ₹50.64 | ₹8.31 |
About Company
Incorporated in 2010, Avana Electrosystems Limited is engaged in the manufacturing of customized Control and Relay Panels for power system monitoring, control, and protection applications. Its offerings cover voltage ranges from 11 kV to 220 kV and are used across transmission lines, power transformers, bus bars, capacitor banks, and related infrastructure, supporting both indoor and outdoor installations as well as medium and low voltage requirements.
The company operates two manufacturing units located in the Peenya Industrial Estate, Bengaluru, Karnataka, focused on industrial production and advanced engineering solutions. Its product portfolio includes indoor type control and relay panels, numerical and electromechanical protection relays, substation automation panels, and relay test blocks with test plugs. As of August 31, 2025, the workforce comprised 129 employees.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2010 | Energy | Anantharamaiah Panish |
Know Before Investing
Avana Electrosystems IPO Strengths
- Avana Electrosystems manufactures customised electrical control and relay panels for power distribution, transmission, automation, and renewable energy applications, serving utilities, industries, and EPC contractors.
- Panels are rigorously tested per IEC/IEC 61439 standards with certifications from CPRI and NABL, ensuring reliability and compliance for high‑voltage power infrastructure.
- Manufacturing facility in Bengaluru provides access to skilled electrical engineering talent, power sector ecosystem, and logistics for pan‑India and export deliveries.
- Rising electricity demand, renewable integration, smart grids, and infrastructure capex create sustained demand for control panels and automation solutions.
- In‑house design and prototyping enable tailored solutions for client specifications, supporting premium pricing and repeat business from EPCs and utilities.
Avana Electrosystems IPO Risks
- Custom panel manufacturing involves upfront material procurement and client credit; ₹10 crore allocation signals high receivables and inventory needs that can strain cash flows.
- Copper, steel, electrical components, and imported parts expose margins to commodity cycles and forex fluctuations without full pass‑through.
- Delays in panel fabrication, testing, or site installation can lead to penalties, client dissatisfaction, and cash flow issues.
- Dependence on EPC contractors and utilities for orders exposes revenue to tender cycles, client preferences, and payment delays from public sector buyers.
- Faces established electrical equipment manufacturers and regional players with greater scale, brand recognition, and bargaining power.
- Power infrastructure demand is tied to government capex, policy changes, and economic cycles, leading to order volatility.
Swot Analysis for Avana Electrosystems IPO
Strengths
High-Voltage Panel Expertise, Integrated Manufacturing Scale, Strong Financial Returns
Weaknesses
Customer Concentration, Supplier Dependency, Working Capital Intensity
Opportunities
Power T&D Capex Boom, Renewables Integration, Digital Retrofit Market
Threats
Competition from Globals, Regulatory Specification Changes, Supply Chain Volatility
Company Details
Avana Electrosystems Ltd.
No: 8, KAIDB, lot No. 35, 1st Main Road, 2nd Phase, Peenya Industrial Area, Nelagadaranahalli Village, Peenya Small Industries, Bangalore, Karnataka, 560058
Phone: 91 80 4123 3386
Email: cs@avanaelectrosystems.com
Website: https://avanaelectrosystems.com/
IPO Registar Details
Integrated Registry Management Services Pvt. Ltd.
Phone: 044 – 28140801 to 28140803
Email: smeipo@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
FAQs
The key objectives of Avana Electrosystems SME IPO are:
- Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit
- To meet Working Capital requirements of the Company
- General Corporate Purposes
Indcap Advisors Pvt. Ltd. is the book-running lead managers for the Avana Electrosystems IPO.
Avana Electrosystems offers solid growth potential as India’s power and renewable capex of about ₹2.4 lakh crore fuels demand for busbars and panels. Automated manufacturing ISO standards and planned 50% capacity expansion support scalability, while export opportunities and green energy exposure can drive steady revenue compounding despite competition and commodity risks.
The issue price for the Avana Electrosystems IPO is set between ₹56 to ₹59 per share.
To invest in two lot of Avana Electrosystems IPO, you need ₹2,24,000 at the lower price band (₹56 per share) or ₹2,36,000 at the upper price band (₹59 per share) for a lot size of 4,000 shares.
Avana Electrosystems IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on January 19, 2025.
Refund/unblocking of funds for Avana Electrosystems IPO will begin on January 16, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Avana Electrosystems IPO shares on listing day (January 19, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.