Avana Electrosystems Ltd. IPO

Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.

The company offers 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, for both indoor and outdoor usage, MV and LV Panels, Protection Relays and Substation Automation Systems.

The company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, specializing in industrial production and advanced engineering solutions.

Product Portfolio:

  • Indoor Type Control and Relay Panel
  • Numerical Protection Relays
  • Electromechani cal Relays
  • Substation Automation Panel
  • Relay Test Block and Test Plug

As on August 31, 2025, the company had 129 employees.

Competitve Strengths:

  • Strong customer relationships and wide customer base
  • Customisation & Multi
  • Quality Standard Certifications & Quality Tests
  • Experienced Promoters and Senior Management Team
  • Geographical reach

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets53.9149.4238.0728.52
Total Income36.2862.9353.2628.59
Profit After Tax5.618.314.020.92
EBITDA7.6312.527.421.92
NET Worth27.4121.8013.499.46
Reserves and Surplus9.9421.0112.698.67
Total Borrowing5.685.699.277.33
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit11.55
2To meet Working Capital requirements of the Company8.40
3General Corporate Purposes 

Key Performance Indicator (KPI)

KPI as of Mon, Mar 31, 2025.

KPIValues
ROE47.11%
ROCE53.71%
Debt/Equity0.13
RoNW38.13%
PAT Margin13.52%
EBITDA Margin20.36%
Price to Book Value4.73
 Pre IPOPost IPO
EPS Rs4.763.67
P/E (x)12.416.07

Avana IPO Details

IPO Date 12 to 14 Jan, 2026
Listing Date Mon, Jan 19, 2026T
Face Value ₹10 per share
Price Band ₹56 to ₹59
Lot Size 2,000 Shares
Sale Type Fresh Capital & OFS
Issue Type Bookbuilding IPO
Listing At NSE SME
Total Issue Size 59,70,000 shares (agg. up to ₹35 Cr)
Reserved for Market Maker
3,00,000 shares (agg. up to ₹2 Cr)
Asnani Stock Broker Pvt.Ltd.
Fresh Issue (Ex Market Maker)48,76,000 shares (agg. up to ₹29 Cr)
Offer for Sale 7,94,000 shares of ₹10 (agg. up to ₹5 Cr)
Net Offered to Public 56,70,000 shares (agg. up to ₹33 Cr)
Share Holding Pre Issue 1,74,69,408 shares
Share Holding Post Issue 2,26,45,408 shares

Avana IPO Promoter Holding

Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar and K N Sreenath are the promoters of the company.

Share Holding Pre Issue100%
Share Holding Post Issue73.64%

SHARIAH SCREENING for - Avana Electrosystems Ltd. IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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