Avana Electrosystems came to market through an SME IPO that opened on 12 January 2026 and closed on 14 January 2026, and the shares listed on 20 January 2026 on NSE SME. The price band was ₹56 to ₹59 per share and one lot was 2000 shares, so the minimum application was ₹1,18,000. The issue size was ₹35.22 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Integrated Registry Management Services Pvt.Ltd was the registrar to the issue, and Indcap Advisors Pvt.Ltd was the lead manager.
As of 14 January 2026.
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Avana Electrosystems Limited is a company incorporated in the year 2010 and is involved in the business of manufacturing customized Control and Relay Panels. Control Relay Panels from 11kv to 220kv for the following applications: Power System Monitoring Control Protection,Transmission Lines,Power Transformers,Bus Bar,Capacitor Bank,etc. It has two manufacturing facilities at Peenya Industrial Estate, Bengaluru, Karnataka, which exclusively concentrate on industrial manufacturing and engineering solutions. Product Portfolio:
Indoor Type Control and Relay Panel Numerical Protection Relays Functioning Of Electromech Substation Automation Panel Test Relay Block and Test Plug relay test block As at August 31, 2025, it had 129 employees.
As described in the offer document.
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Anantharamaiah Panish, Gururaj Dambal, S Vinod Kumar, K N Sreenath. Promoter holding 100% before the issue and 73.64% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Avana Electrosystems IPO was a ₹35.22 crore book-built issue, comprising a fresh issue of ₹30.53 crore and an offer for sale of ₹4.69 crore. It was priced at ₹56–₹59 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,36,000). The IPO was open from January 12 to January 14, 2026 and was subscribed 131.89x.
Shares listed on NSE SME on January 20, 2026 at ₹77.50, a 31.4% premium to the issue price of ₹59. Integrated Registry Management Services Pvt. Ltd. is the registrar. Indcap Advisors Pvt. Ltd. is the book running lead manager.
The price band of Avana Electrosystems IPO is ₹56 to ₹59 per share.
The lot size of Avana Electrosystems IPO is 2000 shares.
The minimum investment for Avana Electrosystems IPO is approximately ₹2,36,000 based on the upper price band.
The allotment date of Avana Electrosystems IPO is Jan 16, 2026.
Avana Electrosystems IPO's final recorded GMP before listing was ₹9 per share (a 15% premium over the ₹59 upper price band). The shares listed at ₹77.5. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Avana Electrosystems IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Avana Electrosystems IPO allotment status on Rupix for quick and easy access.
₹56 to ₹59 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,18,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,18,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 12 January 2026 and closed on 14 January 2026.
The basis of allotment was published on 16 January 2026 by Integrated Registry Management Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 20 January 2026 on NSE SME.
The issue size was ₹35.22 crore. The fresh issue was 51,76,000 shares (aggregating up to ₹30.53 crore). The offer for sale was 7,94,000 shares (aggregating up to ₹4.69 crore).