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Avana Electrosystems Limited is a manufacturer specializing in customized Control and Relay Panels, ranging from 11kv to 220kv, for power system monitoring, control, and protection applications. The company also produces a range of protection and electromechanical relays. Serving various sectors including power generation plants, transmission stations, and electricity board sub-stations, Avana Electrosystems operates two manufacturing units in Bengaluru and is an ISO 9001:2015 certified company.
Jan 12, 2026
Jan 14, 2026
Jan 19, 2026
SME
Closed
35.22 Cr
30.54 Cr
4.68 Cr
₹56 - ₹59
2000
The net proceeds from the Fresh Issue are proposed to be utilised towards the following objects:
Funding capital expenditure of up to ₹1,155.38 lakhs towards civil construction, internal electric work, and internal plumbing to establish a new integrated manufacturing unit at Avverahalli Industrial Area, Bengaluru.
To meet working capital requirements of the company with an estimated amount of up to ₹860.00 lakhs to support the procurement of raw materials and manage operational expenses amid business expansion.
Funding general corporate purposes, which may include strategic initiatives, brand building, and other operational needs not covered by specific objects.
12.4
4.76
47.11%
53.71%
38.13%
—
13.52%
20.36%
4.73
Strong and established relationships with a wide and diversified customer base, including repeat business from key clients in the power sector.
Offers a comprehensive and customizable product portfolio, including a wide range of control and relay panels and various types of relays for different voltage systems.
Adherence to high quality standards, backed by ISO 9001:2015 certification and in-house testing facilities to ensure product reliability.
Led by an experienced team of promoters and senior management with extensive technical and financial expertise in the electrical equipment industry.
Significant revenue concentration, with a limited number of top customers accounting for a substantial portion of total revenue.
High geographical concentration of sales, with a majority of revenue generated from the states of Madhya Pradesh, Maharashtra, and Karnataka.
Dependence on a limited number of suppliers for key raw materials, exposing the company to risks of supply disruptions and price volatility.
Both manufacturing units and the registered office operate from leased premises, with lease deeds not being registered, posing operational risks.
Growing demand for electricity in India, driven by economic growth and government initiatives, which expands the market for power infrastructure components.
Supportive government policies like 'Make in India', National Smart Grid Mission, and renewable energy targets are expected to boost demand for switchgear products.
Potential to expand into export markets by participating in international exhibitions and establishing a network of overseas representatives and dealers.
Opportunity to broaden the domestic customer base and market reach by expanding the dealer network across India.
Operates in a highly competitive market with the presence of both large multinational corporations and numerous local players.
Vulnerability to fluctuations in the price and availability of key raw materials, which can be affected by global market conditions and supply chain disruptions.
Economic slowdowns or financial instability in Indian or global markets could adversely affect demand from the power and infrastructure sectors.
Changes in government policies, tax regimes, or environmental regulations applicable to the power industry could negatively impact business operations and profitability.
Avana Electrosystems Limited is a manufacturer specializing in customized Control and Relay Panels, ranging from 11kv to 220kv, for power system monitoring, control, and protection applications. The company also produces a range of protection and electromechanical relays. Serving various sectors including power generation plants, transmission stations, and electricity board sub-stations, Avana Electrosystems operates two manufacturing units in Bengaluru and is an ISO 9001:2015 certified company.
The Avana Electrosystems Ltd. IPO is scheduled to open for subscription on Jan 12, 2026 and close on Jan 14, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Avana Electrosystems Ltd. IPO is ₹56 to ₹59. Investors can place bids within this range once the issue opens.
The minimum lot size for the Avana Electrosystems Ltd. IPO is 2000 shares. The minimum investment amount ₹1,18,000.
The total issue size of the Avana Electrosystems Ltd. IPO is approximately ₹35.22. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Avana Electrosystems Ltd. IPO has been subscribed 21.71 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Avana Electrosystems Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Avana Electrosystems Ltd. are expected to list on stock exchanges on Jan 19, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Avana Electrosystems Ltd. IPO are proposed to be used for The net proceeds from the Fresh Issue are proposed to be utilised towards the following objects:, Funding capital expenditure of up to ₹1,155.38 lakhs towards civil construction, internal electric work, and internal plumbing to establish a new integrated manufacturing unit at Avverahalli Industrial Area, Bengaluru., To meet working capital requirements of the company with an estimated amount of up to ₹860.00 lakhs to support the procurement of raw materials and manage operational expenses amid business expansion., Funding general corporate purposes, which may include strategic initiatives, brand building, and other operational needs not covered by specific objects.
Before applying for the Avana Electrosystems Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
