Avana Electrosystems
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 12 to Jan 14 2026
Price Band
₹56 - 59
Current GMP
₹77.5 (+31.36%)
Subscription
131.82 times
IPO Details
| IPO Date | 12 to 14 Jan, 2026 |
| Listing Date | Tue, Jan 20, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹56 to ₹59 |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 59,70,000 shares (agg. up to ₹ 35 Cr) |
| Reserved for Market Maker | 3,00,000 shares (agg. up to ₹ 2 Cr) Asnani Stock Broker Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 48,76,000 shares (agg. up to ₹ 29 Cr) |
| Offer for Sale | 7,94,000 shares of ₹ 10 (agg. up to ₹ 5 Cr) |
| Net Offered to Public | 56,70,000 shares (agg. up to ₹ 33 Cr) |
| Share Holding Pre Issue | 1,74,69,408 shares |
| Share Holding Post Issue | 2,26,45,408 shares |
| NSE Symbol | AVANA |
| ISIN | INE1KU201016 |
IPO Date
12 to 14 Jan, 2026
Listing Date
Tue, Jan 20, 2026
Face Value
₹ 10 per share
Price Band
₹56 to ₹59
Issue Price
₹59 per share
Lot Size
2,000 Shares
Sale Type
Fresh Capital & OFS
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
59,70,000 shares (agg. up to ₹ 35 Cr)
Reserved for Market Maker
3,00,000 shares (agg. up to ₹ 2 Cr) Asnani Stock Broker Pvt.Ltd.
Fresh Issue (Ex Market Maker)
48,76,000 shares (agg. up to ₹ 29 Cr)
Offer for Sale
7,94,000 shares of ₹ 10 (agg. up to ₹ 5 Cr)
Net Offered to Public
56,70,000 shares (agg. up to ₹ 33 Cr)
Share Holding Pre Issue
1,74,69,408 shares
Share Holding Post Issue
2,26,45,408 shares
NSE Symbol
AVANA
ISIN
INE1KU201016
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 54.97 |
| NII*** | 219.02 |
| bNII (> ₹10L) | 258.08 |
| sNII (< ₹10L) | 140.90 |
| Individual Investors | 137.52 |
| Total ** | 131.82 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
54.97
NII***
219.02
bNII (> ₹10L)
258.08
sNII (< ₹10L)
140.90
Individual Investors
137.52
Total **
131.82
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Jan 1 2 (Day 1) | 0.00 | 2.85 | 2.56 | 3.42 | 3.92 | 2.58 |
| Jan 1 3 (Day 2) | 2.02 | 31.66 | 34.13 | 26.71 | 28.55 | 21.71 |
| Jan 1 4 (Day 3) | 54.97 | 219.02 | 258.08 | 140.90 | 137.52 | 131.82 |
DayJan 1
2 (Day 1)
QIB (Ex Anchor)0.00
NII*2.85
NII (> ₹10L)2.56
NII (< ₹10L)3.42
Individual Investors3.92
Total2.58
DayJan 1
3 (Day 2)
QIB (Ex Anchor)2.02
NII*31.66
NII (> ₹10L)34.13
NII (< ₹10L)26.71
Individual Investors28.55
Total21.71
DayJan 1
4 (Day 3)
QIB (Ex Anchor)54.97
NII*219.02
NII (> ₹10L)258.08
NII (< ₹10L)140.90
Individual Investors137.52
Total131.82
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 20-01-2026 | 59.00 | 10.5(17.80%) | 69.5 |
| 19-01-2026 | 59.00 | 10.5(17.80%) | 69.5 |
| 18-01-2026 | 59.00 | 12(20.34%) | 71 |
| 17-01-2026 | 59.00 | 12(20.34%) | 71 |
| 16-01-2026 | 59.00 | 13(22.03%) | 72 |
| 15-01-2026 | 59.00 | 13(22.03%) | 72 |
| 14-01-2026 | 59.00 | 13(22.03%) | 72 |
| 13-01-2026 | 59.00 | 16.1(27.29%) | 75.1 |
| 12-01-2026 | 59.00 | 16(27.12%) | 75 |
| 11-01-2026 | 59.00 | 14(23.73%) | 73 |
| 10-01-2026 | 59.00 | 14(23.73%) | 73 |
| 09-01-2026 | 59.00 | 8(13.56%) | 67 |
| 08-01-2026 | 59.00 | 8(13.56%) | 67 |
| 07-01-2026 | 59.00 | 4.5(7.63%) | 63.5 |
| 06-01-2026 | 59.00 | 0(0.00%) | 59 |
| 05-01-2026 | 59.00 | 0(0.00%) | 59 |
| 04-01-2026 | 0(%) | (%) |
Date20-01-2026
Price59.00
GMP10.5(17.80%)
Estimate List Price69.5
Date19-01-2026
Price59.00
GMP10.5(17.80%)
Estimate List Price69.5
Date18-01-2026
Price59.00
GMP12(20.34%)
Estimate List Price71
Date17-01-2026
Price59.00
GMP12(20.34%)
Estimate List Price71
Date16-01-2026
Price59.00
GMP13(22.03%)
Estimate List Price72
Date15-01-2026
Price59.00
GMP13(22.03%)
Estimate List Price72
Date14-01-2026
Price59.00
GMP13(22.03%)
Estimate List Price72
Date13-01-2026
Price59.00
GMP16.1(27.29%)
Estimate List Price75.1
Date12-01-2026
Price59.00
GMP16(27.12%)
Estimate List Price75
Date11-01-2026
Price59.00
GMP14(23.73%)
Estimate List Price73
Date10-01-2026
Price59.00
GMP14(23.73%)
Estimate List Price73
Date09-01-2026
Price59.00
GMP8(13.56%)
Estimate List Price67
Date08-01-2026
Price59.00
GMP8(13.56%)
Estimate List Price67
Date07-01-2026
Price59.00
GMP4.5(7.63%)
Estimate List Price63.5
Date06-01-2026
Price59.00
GMP0(0.00%)
Estimate List Price59
Date05-01-2026
Price59.00
GMP0(0.00%)
Estimate List Price59
Date04-01-2026
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open | Mon, Jan 12, 2026 |
| IPO Close | Wed, Jan 14, 2026 |
| Allotment | Thu, Jan 15, 2026 |
| Refund | Fri, Jan 16, 2026 |
| Credit of Shares | Fri, Jan 16, 2026 |
| Listing | Tue, Jan 20, 2026 |
IPO Open
Mon, Jan 12, 2026
IPO Close
Wed, Jan 14, 2026
Allotment
Thu, Jan 15, 2026
Refund
Fri, Jan 16, 2026
Credit of Shares
Fri, Jan 16, 2026
Listing
Tue, Jan 20, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,36,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,36,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,54,000 |
| S-HNI (Max) | 8 | 16,000 | ₹9,44,000 |
| B-HNI (Min) | 9 | 18,000 | ₹10,62,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares4,000
Amount₹2,36,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares4,000
Amount₹2,36,000
ApplicationS-HNI (Min)
Lots3
Shares6,000
Amount₹3,54,000
ApplicationS-HNI (Max)
Lots8
Shares16,000
Amount₹9,44,000
ApplicationB-HNI (Min)
Lots9
Shares18,000
Amount₹10,62,000
Key Performance Indicator
| ROE | 22.79% |
| ROCE | 26.69% |
| Debt/Equity | |
| RoNW | 20.46% |
| PAT Margin | 15.69 |
| EBITDA Margin | 21.33 |
| Price to Book Value | 3.76 |
ROE
22.79%
ROCE
26.69%
Debt/Equity
RoNW
20.46%
PAT Margin
15.69
EBITDA Margin
21.33
Price to Book Value
3.76
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Avana Electrosystems | 4.76 | 4.76 | 12.48 | 38.13 | ||
| Danish Power | 34.55 | 34.55 | 162.51 | 22.07 | 18.00 | 3.98 |
| Aartech Solonics | 0.87 | 0.87 | 19.80 | 66.86 | 8.74 | 2.47 |
Company NameAvana Electrosystems
EPS (Basic)4.76
EPS (Diluted)4.76
NAV (₹ per share)12.48
P/E (x)
RoNW (%)38.13
P/BV Ratio
Company NameDanish Power
EPS (Basic)34.55
EPS (Diluted)34.55
NAV (₹ per share)162.51
P/E (x)22.07
RoNW (%)18.00
P/BV Ratio3.98
Company NameAartech Solonics
EPS (Basic)0.87
EPS (Diluted)0.87
NAV (₹ per share)19.80
P/E (x)66.86
RoNW (%)8.74
P/BV Ratio2.47
IPO Reservation
| Market Maker Shares Offered | 3,00,000 (5.03%) |
| QIB Shares Offered | 28,18,000 (47.20%) |
| − Anchor Investor Shares Offered | 16,90,000 (28.31%) |
| − QIB (Ex. Anchor) Shares Offered | 11,28,000 (18.89%) |
| NII (HNI) Shares Offered | 8,64,000 (14.47%) |
| − bNII > ₹10L | 5,76,000 (9.65%) |
| − sNII < ₹10L | 2,88,000 (4.82%) |
| Retail Shares Offered | 19,88,000 (33.30%) |
| Total Shares Offered | 59,70,000 (100.00%) |
Market Maker Shares Offered
3,00,000 (5.03%)
QIB Shares Offered
28,18,000 (47.20%)
− Anchor Investor Shares Offered
16,90,000 (28.31%)
− QIB (Ex. Anchor) Shares Offered
11,28,000 (18.89%)
NII (HNI) Shares Offered
8,64,000 (14.47%)
− bNII > ₹10L
5,76,000 (9.65%)
− sNII < ₹10L
2,88,000 (4.82%)
Retail Shares Offered
19,88,000 (33.30%)
Total Shares Offered
59,70,000 (100.00%)
Information about company
Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.
The company offers 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.
The company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, specializing in industrial production and advanced engineering solutions.
Product Portfolio:
As on August 31, 2025, the company had 129 employees.
Competitve Strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit 11.55 2 To meet Working Capital requirements of the Company 8.40 3 General Corporate Purposes
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