Avana Electrosystems IPO
Avana Electrosystem IPO is a book-building issue of ₹35.22 cr, which is a mix of a fresh issue of 0.52 cr and an offer for sale of 0.08 cr. The price band is set at ₹56 to ₹59 per share and the lot size for an application is 2,000. The minimum investment required by an individual investor is ₹2,36,000 (4,000 shares). The IPO opens for subscription on Jan 12, 2026 and closes on Jan 14, 2026. Their IPO will list on the NSE SME with a tentative listing date fixed as Jan 19, 2026.
Company Background
Avana Electrosystems Ltd. was incorporated in 2010. This company works in manufacturing customized Control and Relay Panels for power system monitoring, control and protection. They operate two manufacturing units in Peenya Industrial Estate, Bengaluru, with an aggregate covered area of approximately 12,500 sq. ft. Unit I has an installed capacity of around 70,000 protection relays per annum, while Unit II can produce about 600 control and relay panels annually, supported by in-house testing and calibration facilities. Its products (11 kV to 220 kV panels and relays) have been successfully supplied and commissioned across India and exported to other countries, reflecting strong market acceptance and engineering excellence.
Operations and Product Range
Facility and Production
This company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, specializing in customized Control and Relay Panels. The units are equipped with advanced machinery and in-house testing facilities, enabling production of MV/LV panels, protection relays, substation automation systems and related electrical control products for indoor and outdoor applications.
Brands and Market Presence
This company serves the power and industrial sectors, providing customized solutions for transmission lines, transformers, bus bars and capacitor banks. Their brand presence has made them a wide customer base and strong client relationships. Avana has established a significant presence across India, catering to utilities, industrial clients and private power companies.