Avana Electrosystems
CLOSEDIPO Date: 12 Jan - 14 Jan 2026
Listing Date: 20 Jan 2026
Price Range
Rs.56 - Rs.59
Issue Size
35 Cr
Min Investment
₹1,12,000
Lot Size
2000 Shares
Schedule of Avana Electrosystems
Issue open date
12 Jan 2026
Issue close date
14 Jan 2026
UPI mandate deadline
14 Jan 2026 (5 PM)
Allotment finalization
16 Jan 2026
Share credit
19 Jan 2026
Listing date
20 Jan 2026
Mandate end date
29 Jan 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 35 Cr |
| Fresh Issue | 30.54 Cr |
| Offer for Sale | 4.68 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Jan 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 19 Jan 2026 | ₹59 | ₹11 | ₹70 (17.8%) |
| 18 Jan 2026 | ₹59 | ₹12 | ₹71 (20.34%) |
| 17 Jan 2026 | ₹59 | ₹12 | ₹71 (20.34%) |
| 16 Jan 2026 | ₹59 | ₹13 | ₹72 (22.03%) |
| 13 Jan 2026 | ₹59 | ₹16 | ₹75 (27.29%) |
| 11 Jan 2026 | ₹59 | ₹14 | ₹73 (23.73%) |
| 10 Jan 2026 | ₹59 | ₹14 | ₹73 (23.73%) |
| 9 Jan 2026 | ₹59 | ₹8 | ₹67 (13.56%) |
| 8 Jan 2026 | ₹59 | ₹8 | ₹67 (13.56%) |
| 7 Jan 2026 | ₹59 | ₹5 | ₹64 (7.63%) |
| 6 Jan 2026 | ₹59 | ₹0 | ₹59 (0%) |
| 5 Jan 2026 | ₹59 | ₹0 | ₹59 (0%) |
| 4 Jan 2026 | ₹59 | ₹0 | ₹59 (0%) |
Performance Avana Electrosystems
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.56 - Rs.59 | ₹ 106 (31.36%) | ₹ 106.7 | 80.85% |
About Avana Electrosystems
Avana Electrosystems Limited manufactures control and relay panels and relays for power system monitoring, control, and protection applications. Its products include customised control and relay panels ranging from 11 kV to 220 kV for transmission lines, power transformers, bus bars, and capacitor banks, along with MV and LV panels, protection relays, and substation automation systems, including SCADA and BCU-based panels. The portfolio encompasses high-voltage and extra-high-voltage panels, medium-voltage indoor and outdoor panels, low-voltage systems such as AC/DC distribution boxes, on-load tap changer panels, metering panels, and protection and electromechanical relays. The company serves governmental power utilities and private energy producers, and operates two manufacturing units in Peenya, Bengaluru, Karnataka.
| Founded in | 2010 |
| Managing director | Mr Anantharamaiah Panish |
| Parent organization |
Financial Overview
Strengths
- Experienced promoters with over two decades in the power sector.
- Strong in-house design and customised engineering capabilities.
- Wide product range across control panels and protection relays.
- Established relationships with utilities, EPC players and power companies.
- Consistent revenue growth and improving profitability in recent years.
Risks
- High dependence on government utilities and EPC contractors for revenue.
- Business performance linked to power sector capex and policy changes.
- Delay in setting up the new manufacturing facility may impact growth plans.
- Exposure to strict quality standards and risk of order cancellations.
- Concentration of ownership among promoters may limit public influence.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 54.97 |
| Non-Institutional Investors (NIIs) | 162.64 |
| Retail Individual Investors (RIIs) | 135.62 |
| Employee | N/A |
| Total | 121.71 |