The Avana Electrosystems IPO opened on 12 January 2025. It will close on 14 January 2025. The Total IPO Size is 35 Crores.
Avana Electrosystems has set its IPO price at 56-59 Rs per share. They divided IPO into three general categories: 1) QIB, 2) Retail 3) NII.
Avana Electrosystems is engaged in the manufacturing of Control and Relay Panels,Relays.
They are a manufacturer of customized 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.
These panels are used across various sectors and industries to facilitate the transmission and distribution of electrical power such as in solar power plants, wind power farms, other power generation plants, power transmission stations, electricity board substations, power utilities companies etc.
Check:- Upcoming SME IPO 2025
Avana Electrosystems IPO Promoter Holding
Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar and K N Sreenath are the Promoters of the company.
Avana Electrosystems IPO Date, Details & Price Band
| IPO Opening Dates | 12-January-2025 |
| IPO Closing Dates | 14-January-2025 |
| Price Band | 56-59 Rs |
| Fresh Issue | 30.54 crore |
| Offer for sale | 4.69 crore |
| Total IPO size | 35 crore |
| Face Value | 10 INR Per Share |
| Listing On | NSE SME |
| Market Cap | 133.61 Cr |
Avana Electrosystems IPO Market Lot
The Avana Electrosystems IPO minimum market lot is 4,000 shares with a 2,36,000 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 2 | 4,000 | 2,36,000 Rs |
| Retail Maximum | 2 | 4,000 | 2,36,000 Rs |
| HNI (Min) | 3 | 6,000 | 3,54,000 Rs |
Avana Electrosystems IPO: Object of the Issue
1. Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit
2. To meet Working Capital requirements of the Company
3. General Corporate Purposes
Restated Financial Information (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 30-Sep-25 | 53.91 | 36.28 | 5.61 |
| 31-Mar-25 | 49.42 | 62.93 | 8.31 |
| 31-Mar-24 | 38.07 | 53.26 | 4.02 |
Avana Electrosystems IPO GMP Grey Market Premium
Avana Electrosystems’s IPO GMP (Grey Market Premium) has started today. Check the Latest Avana Electrosystems IPO GMP Grey Market Premium, Kostak Rates, and Subject to Sauda Price here.
Avana Electrosystems IPO Prospectus
| DRHP | Download |
| RHP | Download |
Avana Electrosystems IPO Form Download
Avana Electrosystems IPO is available on the BSE Website as well as on our Portal. Please click here, Avana Electrosystems IPO Form Download.
Avana Electrosystems IPO Allotment Date & Details
| Allotment Date | 15-Jan-2025 |
| Initiation of refunds | 16-Jan-2025 |
| Transfer of shares to Demat accounts | 16-Jan-2025 |
| Listing Date | 19-Jan-2025 |
| Check Allotment Status | Click here |
Registrar of Avana Electrosystems IPO
Integrated Registry Management Services Private Limited
No 30 Ramana Residency,
4th Cross Sampige Road, Malleswaram,
Bengaluru – 560 003
Karnataka, India
Contact Person: S Giridhar
Email ID: [email protected]
Tel No: +91 80 23460815/816/817/818
SEBI Registration: INR00000054
Avana Electrosystems Contact Details
Avana Electrosystems IPO Lead Managers
Indcap Advisors Private Limited
Suite 1201, 12th Floor, Aurora Waterfront, GN 34/1, Sector 5,
Salt Lake City, Kolkata – 700091, West Bengal, India
Tel: +91 33 4069 8001
Email ID: [email protected]
Website: http://www.indcap.in/
Investor Grievance E-mail: [email protected]
Contact Person: Shraddha Khanna
SEBI Registration Number: INM000013031
