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Avana Electrosystems IPO
Price Band
₹56.0–59.0
Issue Size
₹35.22 Cr
Lot Size
2,000 shares
Min Investment
₹236,000
2 LOTS MIN
GMP
+₹10.5 (17.8%)
Issue Price
₹59.0
Avana Electrosystems IPO AI Summary
- Avana Electrosystems IPO is listed on NSE SME in the Heavy Electrical Equipment sector.
- Price band: ₹56.0–₹59.0 per share, lot size 2,000 shares (min. investment ₹236,000, 2 lots minimum).
- Subscription window: 12 Jan–14 Jan 2026, listing on 20 Jan 2026.
- Current GMP is +₹10.5 (17.8%), an estimated listing price of ₹70 — unofficial and can change daily.
Avana Electrosystems Limited is set to enter the market with a focus on customized control and relay panels, supported by a strong management team and a solid customer base. The IPO aims to raise ₹35.22 Cr to enhance its manufacturing capabilities and meet working capital needs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Avana Electrosystems IPO Grey Market Premium (GMP) Today
GMP
+₹10.5
GMP %
+17.8%
Est. Listing
₹69.5
Updated: 14 Jul 2026 15:53
About the 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: Indoor Type Control and Relay Panel Numerical Protection Relays Electromechani cal Relays Substation Automation Panel Relay Test Block and Test Plug As on August 31, 2025, the company had 129 employees. Competitve Strengths: Strong customer relationships and wide customer base Customisation & Multi Quality Standard Certifications & Quality Tests Experienced Promoters and Senior Management Team Geographical reach
Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 53.91 | 49.42 | 38.07 | 28.52 |
| Total Income | 36.28 | 62.93 | 53.26 | 28.59 |
| Profit After Tax | 5.61 | 8.31 | 4.02 | 0.92 |
| EBITDA | 7.63 | 12.52 | 7.42 | 1.92 |
| NET Worth | 27.41 | 21.80 | 13.49 | 9.46 |
| Reserves and Surplus | 9.94 | 21.01 | 12.69 | 8.67 |
| Total Borrowing | 5.68 | 5.69 | 9.27 | 7.33 |
Key Ratios
EPS
₹4.76
NAV
₹12.48
ROE
47.11%
ROCE
53.71%
RoNW
38.13%
P/B Value
4.73
P/E Ratio
12.4
Market Cap
₹133.61 Cr
PAT Margin
13.52%
Debt/Equity
0.13
Promoters
Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar and K N Sreenath
Objects of the Issue
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 8.60 3 General Corporate Purposes 4.57 4 Issue Expenses 6.71 Total 31.43
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹28.59 Cr in the year ending 31 Mar 2023, rising to ₹53.26 Cr by 31 Mar 2024, then increasing further to ₹62.93 Cr by 31 Mar 2025, before dropping to ₹36.28 Cr as of 30 Sep 2025. Though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.92 Cr in the year ending 31 Mar 2023, increasing to ₹4.02 Cr by 31 Mar 2024, then rising to ₹8.31 Cr by 31 Mar 2025, before declining to ₹5.61 Cr as of 30 Sep 2025. Again, this last figure is for a 9-month period and not directly comparable to the previous full years.
Valuation
The company has an EPS of ₹4.76, which puts its implied P/E ratio at approximately 12.4 at the issue price. This is in line with peers in the sector, which typically trade at similar valuations.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO. It is the price at which the shares are traded in the grey market before the official listing. A positive GMP suggests that investors are willing to pay more than the issue price, indicating potential demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse might want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties associated with new listings.
IPO Timeline, Explained
The IPO opens for subscription on January 12, 2026, and closes on January 14, 2026. Allotment of shares will be done on January 15, 2026, and the shares are expected to be listed on January 20, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the first day of trading. However, these gains can be unpredictable and are influenced by market sentiment, demand, and overall market conditions. Investors should be aware that there is no guarantee of listing gains.
This evaluation is generated from Avana Electrosystems's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Avana Electrosystems IPO GMP today?
Avana Electrosystems IPO GMP today is +₹10.5 (17.8%), indicating an estimated listing price of ₹70. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Avana Electrosystems IPO?
The price band of Avana Electrosystems IPO is ₹56.0–₹59.0 per share.
When does Avana Electrosystems IPO open and close?
Avana Electrosystems IPO opens on 12 January 2026 and closes on 14 January 2026.
When does Avana Electrosystems IPO list on the stock exchange?
Avana Electrosystems IPO listed on 20 January 2026 at ₹69.5.
What is the lot size for Avana Electrosystems IPO?
The lot size for Avana Electrosystems IPO is 2000 shares, requiring a minimum investment of ₹236,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹56.0 to ₹59.0.
What is the minimum investment required?
The minimum investment required is ₹236,000, which corresponds to a lot size of 2000 shares.
When does the IPO open and close?
The IPO opens on January 12, 2026, and closes on January 14, 2026.
What is GMP and what does it indicate?
GMP stands for Grey Market Premium, which indicates the expected listing gain of the IPO. A GMP of ₹10.5 suggests a potential gain of around 17.8% on the issue price.
When will the shares be listed?
The shares are expected to be listed on January 20, 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Jan 2026
Close
14 Jan 2026
Allotment
15 Jan 2026
Listing
20 Jan 2026
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