IPO Trending
AVANASME / NSEListed
Avana Electrosystems

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.

₹56 - ₹59131.89x sub
Listed Price₹77.50
Listing Gain+31.36%

IPO Schedule & Timeline

Bookbuilding IPO
Open12 Jan 2026
Close14 Jan 2026
Allotment16 Jan 2026
Listing20 Jan 2026

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor16,90,000 shares
28.31%
QIB11,28,000 shares
18.89%
HNI8,64,000 shares
14.47%
Retail19,88,000 shares
33.3%
Market Maker3,00,000 shares
5.03%

Minimum Application Lots

Retail2 Lots (4,000 shares)
₹2,36,000
sHNI3 Lots (6,000 shares)
₹3,54,000
bHNI9 Lots (18,000 shares)
₹10,62,000

Company Promoters

Anantharamaiah PanishGururaj DambalS. Vinod KumarK. N. Sreenath

Company Background

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...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹36.28 Cr
Growth+26.9%
Revenue Trend (₹ in Crores)
0.024.148.272.4Mar-23Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2536.285.6153.915.68
Mar-2562.938.3149.425.69
Mar-2453.264.0238.079.27
Mar-2328.590.9228.527.33

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-253.2122.79%26.69%016.07
Mar-254.7647.11%53.71%12.40
Mar-232.335.07%40.02%00

Peer Comparison & Valuation

Financial Performance

Avana Electrosystems Ltd

NAV/Share (₹)12.48
RONW(%)38.13
EPS (Basic) (₹)4.76

Danish Power Limited

NAV/Share (₹)162.51
RONW(%)18.00
EPS (Basic) (₹)34.55

Aartech Solonics Limited

NAV/Share (₹)19.80
RONW(%)8.74
EPS (Basic) (₹)0.87

Valuation

Avana Electrosystems Ltd

P/E(X)0
CMP* (₹)0
Face value (₹)0

Danish Power Limited

P/E(X)30.18
CMP* (₹)0
Face value (₹)0

Aartech Solonics Limited

P/E(X)73.86
CMP* (₹)0
Face value (₹)0

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Integrated Registry Management Services Private Limited

Allotment Finalized
Allotment Date
16 Jan 2026
Official Status
Out / Finalized
Registrar
Integrated Registry Management Services Private Limited
Listing Date
20 Jan 2026

Official Allotment Verification Links

Official Registrar Portal
Integrated Registry Management Services Private Limited

Direct allotment verification on the official registrar portal appointed for Avana Electrosystems. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization16 Jan 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date20 Jan 2026Trading commences on exchange

How to Check Avana Electrosystems Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Avana Electrosystems from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Avana Electrosystems IPO

Complete issue overview for Avana Electrosystems (AVANA) IPO. The issue features an equity share price band of ₹56 – ₹59 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,18,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions