Avana Electrosystems Limited
IPO Details
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Lot Distribution
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Company Fin.
₹10(16.95%)
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Avana Electrosystems Limited's has transitioned to a publicly listed entity following its IPO debut on Jan 20, 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 Jan 12, 2026 and Jan 14, 2026, reflecting investor appetite for the offering.
Allotment of shares was completed on Jan 16, 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.
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."
- 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.
- 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.
- Anantharamaiah Panish
- Gururaj Dambal
- S. Vinod Kumar
- K. N. Sreenath
Avana Electrosystems Limited
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