Avana Electrosystems Limited IPO
Avana Electrosystems Limited IPO
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Avana Electrosystems Limited's has transitioned to a publicly listed entity following its IPO debut on 20-01-2026 at the NSE exchange. The public offering successfully raised 59,70,000 Shares, consisting of 51,76,000 Sharesin new capital and ₹4.69 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹56 to ₹59 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between 12-01-2026 and 14-01-2026, reflecting investor appetite for the offering.
Allotment of shares was completed on 16-01-2026, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Avana Electrosystems IPO About Company
Incorporated in 2010, Avana Electrosystems Limited is engaged in the manufacturing of customised control and relay panels used for power system monitoring, control, and protection applications such as transmission lines, power transformers, bus bars, and capacitor banks. The company offers control and relay panels ranging from 11 kV to 220 kV for both indoor and outdoor usage, along with MV and LV panels, protection relays, substation automation systems, relay test blocks, and test plugs. Avana Electrosystems operates two manufacturing units located at Peenya Industrial Estate, Bengaluru, Karnataka, focusing on industrial production supported by advanced engineering capabilities.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Avana Electrosystems IPO Strength Factors
- Strong Customer Relationships: Long-term associations support repeat orders and business stability.
- High Customization Capability: Can deliver multi-configuration panels tailored to client needs.
- Quality Certifications & Testing: Robust QA/QC processes ensure reliable and compliant products.
Avana Electrosystems IPO Risk Factors
- Lease & Timeline Risk: Delays in starting commercial production by May 22, 2026 at the KIADB unit may result in penalties.
- Funding Execution Risk: Lack of alternate funding means IPO delays or shortfalls could postpone capex projects.
- Legal Proceedings Risk: Ongoing litigations, if decided unfavorably, could affect operations and finances.
Avana Electrosystems IPO Lead Manager(s)
- Indcap Advisors Private Limited
Avana Electrosystems IPO Promoter(s)
- Anantharamaiah Panish
- Gururaj Dambal
- S. Vinod Kumar
- K. N. Sreenath
Avana Electrosystems IPO FAQs
Avana Electrosystems Limited IPO subscribed 131.89 times. The public issue subscribed 137.52 times in the retail category,54.97times in QIB, and 258.6 times in the HNI (10+) category byJanuary 20, 2026 4:15:00 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Avana Electrosystems IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Avana Electrosystems IPO FAQs
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The basis of allotment for Avana Electrosystems Limited IPO is available now.
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