Avana Electrosystems Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Avana Electrosystems Ltd IPO

The Company is a manufacturer of customised 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. These panels are used across various sectors and industries to facilitate the transmission and distribution of electrical power.

Avana Electrosystems Ltd IPO Details

Total Shares Offered

₹ 59,70,000

Offer to Public

7,94,000

Retail Max (Shares)

₹ 19,88,000

Pre Issue Promoters Holding

₹ 1,74,69,408

Exchange

NSE

Issue size

₹ 35.22 Cr

IPO Open Date

Jan 12, 2026

Close Date

Jan 14, 2026

Lot Size

4000

Min Investment

₹ 2,24,000

Issue Type

Book Building - SME

Listing Date

Jan 20, 2026

Avana Electrosystems Ltd IPO Dates

Jan 12, 2026

Opening date

Jan 14, 2026

Closing date

Jan 16, 2026

Basis of Allotment

Jan 19, 2026

Initiation of Refunds

Jan 19, 2026

Credit of Shares

Jan 20, 2026

Listing date

Details

Sector	Type
Sector	Electric Equipment
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	22x	2818000	62006000
NII	219.37x	864000	189532000
Retail	137.52x	1988000	273392000
Employee	0x	0	0
Total	87.93x	5970000	524930000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

22x

219.37x

137.52x

87.93x

2818000

864000

1988000

5970000

62006000

189532000

273392000

524930000

Avana Electrosystems Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	12.30	6.21	1.29
EBITDA	13.06	6.56	1.41
PAT	8.31	4.02	0.92
Total Assets	45.83	33.64	26.21
Share Capital	0.79	0.79	0.79
Total Borrowings	8.02	8.34	6.86
Operating Activities (Net Cash)	9.07	4.37	1.04
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	8.02	8.34	6.86
Net Cashflow	5.31	3.78	3.10

About Avana Electrosystems Ltd

The Company was originally incorporated as a private limited company under Companies Act 1956, in the name and style of `Avana Electrosystems Private Limited' under the Companies Act, 1956, pursuant to a Certificate of Incorporation dated July 16, 2010 issued by the Registrar of Companies, Bengaluru, Karnataka (RoC). Pursuant to a special resolution passed by its shareholders in the Extra Ordinary General Meeting held on December 09, 2024, the Company has been converted into a public limited company and the name of our Company was changed to `Avana Electrosystems Limited' and a fresh Certificate of Incorporation dated December 17, 2024 has been issued to the Company by the Central Processing Centre.

Power is among the most critical components of infrastructure, crucial for the economic growth and welfare of nations. The existence and development of adequate power infrastructure is essential for sustained growth of the Indian economy. The fundamental principle of India's power industry has been to provide universal access to affordable power in a sustainable way. India's power sector is one of the most diversified in the world. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, agricultural, and domestic waste. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come. In order to meet the increasing demand for electricity in the country, massive addition to the installed generating capacity is required.

Peer Comparison:

Danish Power Ltd
Aartech Solonics Ltd

Avana Electrosystems Ltd Key Points

Strengths

Strong customer relationships and wide customer base.

Customisation & Multi - Product Portfolio.

Quality Standard Certifications & Quality Tests.

Experienced Promoters and Senior Management Team.

Geographical reach.

Risk

The company's intend to set up its integrated manufacturing unit on land taken on leave and license from Karnataka Industrial Areas Development Board (KIADB) and a part of the IPO proceeds is proposed to be utilised for the same. As per the lease agreement entered with KIADB, there are certain prescribed conditions and timelines pertaining to commencement and completion of work. The Company was required to start the commercial productions by June 01, 2020. The Company didn't start the commercial production by the given date. Subsequently, the company has been granted one year extension of time by KIADB for the commercial productions i.e. till May 22, 2026. In case the company fails to start its commercial production by May 22, 2026,the company may faces consequences of non-adherence of the terms and conditions of KIADB, which could have an adverse impact on its growth plans and the company's business and financial condition.

The company has not identified any alternate source of funding to meet its capital expenditure requirements and hence any failures or delay on the company's part to mobilize the required resources or any shortfall in the Net Issue proceeds may delay the implementation schedule.

The company derives a significant portion of its revenue from operations from limited number of customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for the company's products could adversely affect its business, results of operations, financial condition and cash flows. Any adverse change in the business relationship with one or more of the company's top 5 and top 10 customers, including a reduction in order volume, changes in contract terms, delayed payments, or termination, could materially and adversely affect its revenue, cash flows, and overall financial performance.

Strategy

Integration of existing manufacturing units by relocating into one single expanded manufacturing unit.

Expanding its reach by establishing regional offices in Western, Eastern and North-Eastern region parts of India.

Expanding its dealer network across India.

Tapping export markets by participating in international exhibitions and appointing overseas representatives and dealers.

Broadening its product range to meet evolving market needs.

How To Apply for Avana Electrosystems Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Avana Electrosystems Ltd IPO?

Avana Electrosystems Ltd's IPO offers shares for up to 30.54 It begins on Jan 12, 2026 and ends on Jan 14, 2026.

What is the price of the Avana Electrosystems Ltd IPO?

The price of Avana Electrosystems Ltd IPO ranges between ₹56 to ₹59 per share.

What are the open and close dates for the Avana Electrosystems Ltd IPO?

The Avana Electrosystems Ltd IPO opens on Jan 12, 2026 and closes on Jan 14, 2026.

When will the Avana Electrosystems Ltd IPO be allotted?

The allotment for the Avana Electrosystems Ltd IPO will be finalised on Jan 16, 2026. The shares will be listed on BSE and NSE on Jan 20, 2026.

What is the minimum lot size required for Avana Electrosystems Ltd IPO?

The minimum lot size for Avana Electrosystems Ltd IPO is 4000 shares, priced between ₹56 to ₹59 per share.

What is the GMP of Avana Electrosystems Ltd IPO?

The GMP (Grey Market Premium) of Avana Electrosystems Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Avana Electrosystems Ltd IPO?

To check the allotment status of Avana Electrosystems Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Avana Electrosystems Ltd IPO getting listed?

The Avana Electrosystems Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 12, 2026, and closes on Jan 14, 2026. The allotment is finalised on Jan 16, 2026.

How do you apply for the Avana Electrosystems Ltd IPO?

To apply for the Avana Electrosystems Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.