The Avana Electrosystems IPO opening date is January 12, 2026, and the IPO will close on January 14, 2026. The Avana Electrosystems IPO is a book-build issue. The company will raise approximately ₹35 crore through the IPO, which includes a fresh issue of ₹33 crore and an offer for sale of up to 794,000 equity shares with a face value of ₹10.
The price band for the Avana Electrosystems IPO is ₹56 to ₹59 per share. The retail quota is 35%, QIB 50%, and HNI 15%. The Avana Electrosystems IPO will be listed on the NSE on January 19, 2026. The allotment date for the Avana Electrosystems IPO is January 15, 2026.
The company reported revenue of ₹62.93 crore in 2025, compared to ₹53.26 crore in 2024. The company reported a profit of ₹8.31 crore in 2025, compared to ₹4.02 crore in 2024. According to financials, IPO investors should apply for the long term.
About Avana Electrosystems IPO
Avana Electrosystems Limited, founded in 2010, manufactures customized control and relay panels. Its product portfolio includes indoor-type control and relay panels, numerical protection relays, electromechanical relays, substation automation panels, and relay test blocks and test plugs.
The company manufactures control and relay panels ranging from 11kV to 220kV, which help monitor, control, and protect power systems. These panels are used in locations such as power transmission lines, transformers, substations, and capacitor banks. Additionally, the company offers medium-voltage and low-voltage panels, protection relays, and automation systems. The company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka.
Established in 2010, Avana Electrosystems Limited manufactures customized control and relay panels for power system monitoring, control, and protection.
The product range includes transmission lines, power transformers, bus bars, and capacitor banks for 11kV to 220kV applications, suitable for indoor and outdoor MV and LV installations.
Provides protection relays and substation automation systems to meet advanced grid and industrial needs.
Operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, focusing on industrial-scale production and engineering solutions.
The proceeds from the IPO will be used for capex, working capital (₹8.40 crore) to set up an integrated manufacturing unit (₹11.55 crore), and general corporate purposes.
Strengths
Strong customer relationships and a large client base – Long-standing associations support repeat orders and stability.
High customization capabilities – Ability to deliver multi-configuration panels to client specifications.
Quality certification and testing standards – Robust QA/QC processes enhance trust and compliance.
Weaknesses
KIADB lease and timeline risk – Failure to commence commercial production at the new unit by May 22, 2026, could result in penalties or adverse consequences under the lease terms.
Funding completion risk – No other funding has been secured; any delay or reduction in IPO proceeds could delay the implementation of capex.
Legal action risk – Ongoing cases, if decided incorrectly, could impact operations and financial condition.
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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 |  |
| RHP Draft Prospectus | |
Avana Electrosystems IPO Market Lot
The Avana Electrosystems IPO minimum market lot is 4,000 shares with ₹2,36,000 application amount.
| 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 | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Avana Electrosystems IPO Anchor Investors
| Anchor Bidding Date | January, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Avana Electrosystems IPO Dates
The Avana Electrosystems IPO date is January 12 and the close date is January 14. The Avana Electrosystems IPO allotment will be finalized on January 15 and the IPO listing 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 the company 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 | ₹- |
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