Avana Electrosystems IPO, a player in the electrical equipment segment, is launching its Initial Public Offering (IPO) in January 2026. Check out IPO dates, issue size, pricing, company profile, financial performance, objectives, and allotment process.
🗓️ Avana Electrosystems IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | January 12, 2026 |
| IPO Close Date | January 14, 2026 |
| Basis of Allotment | January 15, 2026 |
| Refund Initiation | January 16, 2026 |
| Shares Credited to Demat | January 16, 2026 |
| Expected Listing Date | January 19, 2026 |
| Stock Exchange | NSE SME |
The IPO remains open for three days, with allotment and listing scheduled shortly after the issue closes.
💰 Issue Size & Price Band
Avana Electrosystems IPO is a Book Building Issue with the following financial structure:
| Particulars | Details |
|---|---|
| Price Band | ₹56 – ₹59 per equity share |
| Face Value | ₹10 per equity share |
| Total Issue Size | ~₹35 crore |
| Fresh Issue | ~₹33 crore |
| Offer for Sale (OFS) | ~7,94,000 equity shares |
This IPO falls under the SME category, suitable for investors looking at early-stage listed companies
📊 Market Lot Size & Investment Requirement
| Investor Category | Lot Size | No. of Shares | Investment at ₹59 |
|---|---|---|---|
| Retail – Minimum | 2 Lots | 4,000 | ₹2,36,000 |
| Retail – Maximum | 2 Lots | 4,000 | ₹2,36,000 |
| S-HNI – Minimum | 3 Lots | 6,000 | ₹3,54,000 |
| S-HNI – Maximum | 8 Lots | 16,000 | ₹9,44,000 |
| B-HNI – Minimum | 9 Lots | 18,000 | ₹10,62,000 |
➡️ Applications must be made in multiples of 2,000 shares, and partial lot applications are not permitted.
🏢 About Avana Electrosystems Limited
Avana Electrosystems Limited is engaged in the manufacturing of control and relay panels, protection relays, and electrical systems used across power transmission, distribution, and industrial automation.
Avana Electro systems is one of the reputed manufacturers and solution provider of custom-engineered control & relay panels, Substation automation, Numerical protection relay, Electro mechanical relay & panel accessories for power system applications. The company specializes in the design, engineering, supply of feeder, transformer, busbar, and capacitor bank protection panels rated up to 220kV, including indoor & outdoor panels, medium & low-voltage panels, and advanced numerical protection relay systems.
Avana Electrosystems operates with state-of-the-art manufacturing facilities and strong engineering capabilities, supported by a qualified and experienced professional team. The company delivers comprehensive end-to-end solutions encompassing detailed engineering, precision manufacturing, rigorous testing, on-site commissioning of protection & control panels, in full compliance with applicable national and international standards.
Avana Electrosystems has established a strong and credible presence across the power sector, with its solutions successfully implemented by utilities, power generation companies, renewable energy projects—including solar, wind and industrial power infrastructure developers. Guided by an unwavering commitment to engineering excellence, quality, reliability and innovation. The company consistently delivers technologically advanced solutions that address the evolving demands of the global power industry
Key Products & Solutions
- Indoor Type Control & Relay Panels
- Numerical Protection Relays
- Electromechanical Relays
- Substation Automation Panels
- Relay Test Blocks & Test Plugs
As of August 2025, the company employed approximately 129 personnel, supporting its design, manufacturing, testing, and quality control operations.
📊 Financial Performance Snapshot
| Financial Year | Revenue (₹ Crore) | Profit After Tax (₹ Crore) |
|---|---|---|
| FY 2023 | 28.59 | 0.92 |
| FY 2024 | 53.26 | 4.02 |
| FY 2025 | 62.93 | 8.31 |
📈 The company has demonstrated strong revenue growth and improving profitability, with profits more than doubling in FY2025.
📌 IPO Objectives
The company intends to utilise the IPO proceeds for:
| Purpose | Amount |
|---|---|
| Setting up an integrated manufacturing unit | ₹11.55 crore |
| Working capital requirements | ₹8.40 crore |
| General corporate purposes | Remaining proceeds |
🟡 Allotment & Listing Process
- Allotment Finalisation: January 15, 2026
- Refunds & Demat Credit: January 16, 2026
- Listing Date: January 19, 2026
- Exchange: NSE SME
Investors can check allotment status using their PAN or application number on the registrar’s website.
⭐ IPO Review – Strengths & Considerations
✔️ Strengths
Avana Electrosystems has an established presence in the industrial electrical products segment, catering to power transmission, distribution, and industrial automation requirements.
The company offers a diversified product portfolio across protection, control, and automation solutions, which helps reduce dependency on a single product category.
In-house testing facilities and quality certifications enhance product reliability and ensure compliance with industry standards.
The management team is experienced and possesses strong technical and industry expertise, supporting efficient operations and long-term growth.
⚠️ Weakness
The company’s business is closely linked to the power and industrial sectors, making it sensitive to sectoral demand cycles.
As an SME-listed entity, post-listing liquidity may be lower compared to mainboard companies, which can impact trading volumes.
SME IPOs generally carry higher volatility and market-related risks, which investors should factor into their decision-making process.
Investors should carefully assess their risk appetite and investment horizon before considering participation in the IPO.
Disclamer
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
