Avana Electrosystems Limited is engaged in the manufacturing of customized Control and Relay Panels, catering to power system monitoring, control, and protection requirements.
The company designs and manufactures panels and systems used across transmission lines, power transformers, bus bars, capacitor banks, and other critical power infrastructure, suitable for both indoor and outdoor applications.
The company’s offerings cover a wide voltage range from 11 kV to 220 kV and include MV and LV panels, protection relays, and substation automation systems. Avana focuses on tailor-made solutions, aligning product design and engineering with specific technical requirements of power utilities, EPC contractors, and private infrastructure players.
Avana Electrosystems currently operates two manufacturing units located at Peenya Industrial Estate, Bengaluru, Karnataka, which are equipped to handle industrial-scale production and advanced engineering processes. These facilities support in-house design, assembly, testing, and quality control of control and relay panels and related systems.
Product Portfolio:
- Indoor Type Control and Relay Panels
- Numerical Protection Relays
- Electromechanical Relays
- Substation Automation Panels
- Relay Test Blocks and Test Plugs
As of August 31, 2025, the company employed 129 personnel, including engineering, production, and support staff, enabling it to execute customised projects efficiently and maintain operational continuity.
Avana Electrosystems IPO – Details
| IPO Opening Date | 12 January 2026 |
| IPO Closing Date | 14 January 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 59,70,000 Shares Worth ₹35.00 Crore Fresh Issue: 51,76,000 Shares Worth ₹31.00 Crore Offer For Sale: 7,94,000 Shares Worth ₹5.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹56 – ₹59 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Integrated Registry Management Services Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Avana Electrosystems IPO – Date Schedule
| IPO Open Date | 12 January 2026 |
| IPO Close Date | 14 January 2026 |
| Basis of Allotment | 15 January 2026 |
| Initiation of Refund | 16 January 2026 |
| Credit of Shares to Demat | 16 January 2026 |
| IPO Listing Date | 19 January 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 14, 2026 |
Avana Electrosystems IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,36,000 |
| 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 |
Competitive Strength
- Strong customer relationships and wide customer base.
- Quality Standard Certifications & Quality Tests.
- Experienced Promoters and Senior Management Team.
- Geographical reach.
Company Promoters
- Anantharamaiah Panish
- Gururaj Dambal
- S Vinod Kumar
- K N Sreenath
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹28.59 Cr | ₹27.41 Cr | ₹0.92 Cr | ₹7.33 Cr |
| 31 March 2024 | ₹53.26 Cr | ₹47.03 Cr | ₹4.02 Cr | ₹9.27 Cr |
| 31 March 2025 | ₹62.93 Cr | ₹50.64 Cr | ₹8.31 Cr | ₹5.69 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 47.11% |
| ROCE | 53.71% |
| Debt/Equity | 0.13 |
| RoNW | 38.13% |
| PAT Margin | 13.52% |
| EBITDA Margin | 20.36% |
| Price to Book Value | 4.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.76 | 3.67 |
| P/E (x) | 12.40 | 16.07 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit. | ₹11.55 |
| To meet Working Capital requirements of the Company. | ₹8.40 |
| General corporate purposes. | – |
✅Strengths
- Customized Control & Relay Panels and protection solutions.
- Products covering 11 kV to 220 kV applications.
- Strong presence in power transmission & distribution sector.
- Ability to deliver client-specific engineered solutions.
- Planned an integrated manufacturing unit to improve scale and efficiency.
- Experienced promoters and skilled workforce (129 employees).
⚠️Risks
- Revenue concentration in few states.
- High dependence on private players / EPC contractors.
- Working capital intensive operations.
- Risk of delay or cost overrun in new manufacturing facility.
- Current units on lease basis.
- Risk of product rejection / quality issues.
Avana Electrosystems IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.64% |
Avana Electrosystems IPO Prospectus
- Avana Electrosystems IPO DRHP
- Avana Electrosystems IPO RHP
Company Contact Information
| Avana Electrosystems Ltd. No 8, KAIDB, lot No. 35, 1st Main Road, 2nd Phase, Peenya Industrial Area, Nelagadaranahalli Village, Peenya Small Industries Bangalore Metropolitan Region, Karnataka, 560058 Phone: 91 80 4123 3386 Email: cs@avanaelectrosystems.com Website: https://avanaelectrosystems.com/ |
Avana Electrosystems IPO Registrar
| Integrated Registry Management Services Pvt.Ltd. Phone: 044 – 28140801 to 28140803 Email: smeipo@integratedindia.in Website: https://www.integratedregistry.in/RegistrarsToSTANew.aspx?OD=2 |
Avana Electrosystems IPO Lead Manager(s)
| 1. Indcap Advisors Private Limited |
Avana Electrosystems IPO FAQ
| What is the Avana Electrosystems IPO? Avana Electrosystems IPO is an SME IPO. The issue is priced at ₹56 – ₹59 per equity share. The IPO is to be listed on NSE SME. |
| When will Avana Electrosystems IPO open? The IPO is to open on 12 January 2025 for QIB, NII, and Retail Investors. |
| What is Avana Electrosystems IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Avana Electrosystems IPO Size? Avana Electrosystems’ IPO size is ₹35.00 Crore. |
| What are the Avana Electrosystems IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,36,000, while the maximum bid is 4000 Shares for ₹2,36,000. |
| What is the Avana Electrosystems IPO Allotment Date? Avana Electrosystems’ IPO allotment date is 15 January 2026. |
| What is the Avana Electrosystems IPO Listing Date? Avana Electrosystems IPO listing date is 19 January 2026. The IPO is to be listed on the NSE SME. |
