Avana Electrosystems IPO GMP Price, Analysis, And Details

Avana Electrosystems IPO- Company Analysis

Avana Electrosystems IPO under the SME IPO category is a bookbuild issue of Rs. 35.22 Cr by Avana Electrosystems Limited and is producing customized control and relay panels.

The company offers Control and Relay Panels with voltages ranging from 11 kv to 220 kv for Power System Monitoring, Control and Protection Applications, Transmission Lines, Power Transformers, Bus Bar, Capacitor Bank, etc., for both indoor and outdoor use, MV and LV Panels, Protection Relays and Substation Automation Systems.

Product Line:

• Type Control and Relay Panel for Indoor Use

• Relays for Numerical Protection

• Electromechanical Relays 

• Substation Automation Panel Test Block 

• Test Plug for Relays
  
  

Avana Electrosystems IPO Details

The Avana Electrosystems IPO date of opening is 12 Jan 2026, its initial public offering will end on 14 Jan, IPO allotment on Jan 15 and refund initiation on Jan 16, 2026.

The Rs. 35.22 crore new SME IPO comprises a combination of fresh issue of 0.52 crore shares (Rs. 30.54 Cr) and offer for sale of 0.08 crore shares (Rs. 4.68 Cr).

The Avana Electrosystems IPO listing date (expected) might be on Monday, Jan 19, 2026, and listing at the NSE and SME. 

The Avana Electrosystems IPO price band is Rs. 56 to Rs. 59.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Jan 12, 2026
IPO Closing Date	Jan 14, 2026
IPO Allotment Date	Jan 15, 2026
Refund Initiation	Jan 16, 2026
IPO Listing Date	Jan 19, 2026

 

Click to open demat account and apply for the IPO.

 

Company Financials

(Amount in Cr)

Particulars	30 Sep 2025	31 Mar 2025	31 Mar 2024
Assets	49.42	38.07	28.52
Total Income	62.93	53.26	28.59
PAT	8.31	4.02	0.92
EBITDA	12.52	7.42	1.92
Net Worth	21.80	13.49	9.46
Reserves & Surplus	21.01	12.69	8.67
Total Borrowing	5.69	9.27	7.33

 

Cash Flows

(Amount in lac)

Net Cash Flow	30 Sep 2025	31 Mar 2025	31 Mar 2024
Net Cash Flow Operating Activities	676.66	94.77	(31.75)
Net Cash Flow Investing Activities	(74.24)	(109.50)	(119.32)
Net Cash Flow Financing Activities	(450.04)	82.92	231.46

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit. ~ Rs. 11.55 Cr.

• To meet the Working Capital requirements of the Company. ~ Rs. 8.40 Cr.

• General Corporate Purposes.
  
  

Listed Peers of Avana Electrosystems Ltd.

Name of the Company	Face Value (₹)	EPS (₹)	P/E Ratio (x)
Danish Power Limited	34.55	30.18	10
Aartech Sonics Limited	0.87	73.86	5

 

Valuation

KPI	Value
ROE	47.11%
ROCE	53.71%
Debt / Equity	0.13
RoNW	38.13%
PAT Margin	13.52%
EBITDA Margin	20.36%

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 4.76 from the last year, the resulting P/E ratio is 12.39x.

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IPO's Strengths

• Strong client ties and a large clientele

• Certifications of Quality Standards and Quality Tests

• Senior Management Team and Skilled Promoters

• Geographical extent.
  
  

IPO’s Weaknesses

• The company is engaging in some legal actions that could negatively impact our business and financial situation if they are decided negatively.

• Dependence on a small number of suppliers for components and raw materials

• In order to implement our idea in the proposed integrated production unit, the company has not yet granted the contract for internal electrical, plumbing, and civil construction.
  
  

Avana Electrosystems IPO GMP (Grey Market Premium)

Avana Electrosystems IPO GMP today is Rs. 0 as of 06 Jan 2026 while writing this information. With a price band set at Rs. 59. This suggests that the estimated listing price of the IPO could be around Rs. 59, indicating a gain/loss of 0%.

Avana Electrosystems IPO Summary

IPO Opening & Closing Date	12 Jan, 2026 to 14 Jan, 2026
Face Value	Rs. 10 per Share
Issue Price	Rs. 56 to Rs. 59 per Share.
Lot Size	2000 Shares
Issue Size	59,70,000 Shares (Rs. 35 Cr)
Offer for Sale	7,94,000 Shares (Rs. 5 Cr)
Fresh Issue	48,76,000 Shares (Rs. 29 Cr)
Listing at	NSE, SME
Issue Type	Bookbuild issue IPO
Registrar	Integrated Registry Management Services Pvt. Ltd.

 

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (4000 Shares) for Rs. 2,36,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,54,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

Avana Electrosystems IPO Allotment Status

To check the Avana Electrosystems IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Avana Electrosystems Ltd.

• Anantharamaiah Panish

• Gururaj Dambal

• S Vinod Kumar 

• K N Sreenath

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	73.64%

 

IPO Lead Managers

• Indcap Advisors Pvt. Ltd.
  
  

Dividend Policy

The company has not paid a dividend during the last three financial years.

 

Conclusion

The Avana Electrosystems IPO appears to be a sound SME, as evidenced by its excellent ROCE, minimal debt, and increasing profitability. The company's integrated manufacturing development plan and long-term growth potential are supported by a reasonable P/E valuation. Supplier dependence and execution risk make it difficult for investors to make well-informed decisions.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.