Avana Electrosystems IPO
Market Sentiment
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | September 2025 |
|---|---|---|---|---|
| Revenue | 28.59 | 53.26 | 62.93 | 36.28 |
| Expense | 27.41 | 47.03 | 50.64 | 28.95 |
| Profit (PAT) | 0.92 | 4.02 | 8.31 | 5.61 |
| Total Assets | 28.52 | 38.07 | 49.42 | 53.91 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Danish Power Limited | 34.55 | 30.18 | 18 |
| Aartech Solonics Limited | 0.87 | 73.86 | 9 |
Promoters: Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar and K N Sreenath
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,74,69,408 | 100.00% |
| Promoter Holding Post Issue | 2,26,45,408 | 73.64% |
Strengths & Risks
- Heavily oversubscribed — 131.9x overall (final).
- Strong institutional (QIB) demand — 55.0x.
- Revenue grew 18% in the latest reported year.
- Solid profit margin — 13.2%.
- Strong return on equity — 47%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Established in 2010, Avana Electrosystems Limited manufactures customised control and relay panels. Its product portfolio comprises Indoor Type Control and Relay Panel, Numerical Protection Relays, Electromechanical Relays, Substation Automation Panel, and Relay Test Block and Test Plug. The company makes control and relay panels spanning from 11kV to 220kV, which help monitor, control, and protect power systems. These panels are used in places like power transmission lines, transformers, substations, and capacitor banks. Moreover, the company also offers medium-voltage and low-voltage panels, protection relays, and automation systems. The company runs its 2 manufacturing units situated in Peenya Industrial Estate, Bengaluru, Karnataka.
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
| Purpose | Amount (Cr) |
|---|---|
| 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 Purpose | - |
Resources & Documents
Avana Electrosystems has set a price band of Rs 56–Rs 59 per share in the electrical equipment sector. The stock listed with a 36.10% gain versus its issue price on January 20, 2026.
Established in 2010, Avana Electrosystems Limited manufactures customised control and relay panels. Its product portfolio comprises Indoor Type Control and Relay Panel, Numerical Protection Relays, Electromechanical Relays, Substation Automation Panel, and Relay Test Block and Test Plug. The company operates in the electrical equipment space.
The issue is promoted by Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar and K N Sreenath with Indcap Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated man… (Rs 12 crore) and To meet Working Capital requirements of the Company (Rs 8 crore).
On fundamentals, the company is posting revenue growth of 18.2%, a profit margin of 13.2%, return on equity of 47.1% in its most recent reported period. Listed peers in this segment include Danish Power Limited (P/E 30.18x, market cap Rs 18 crore) and Aartech Solonics Limited (P/E 73.86x, market cap Rs 9 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Avana Electrosystems IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Avana Electrosystems GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
No comments yet. Be the first to share your opinion!