NSE List Price : ₹77.50

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Category	Times
QIBs	54.97x
HNIs	219.37x
Retail	137.52x
Total : 131.89x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	4,000	₹236,000
Retail Maximum	2	4,000	₹236,000
S-HNI Minimum	3	6,000	₹354,000
S-HNI Maximum	8	16,000	₹944,000
B-HNI Minimum	9	18,000	₹1,062,000

About the Company

Founded in 2010, Avana Electrosystems Limited is engaged in the manufacturing of customised control and relay panels. Its product range includes Indoor Control and Relay Panels, Numerical Protection Relays, Electromechanical Relays, Substation Automation Panels, as well as Relay Test Blocks and Test Plugs.

The company designs and produces control and relay panels rated from 11kV to 220kV, which are used for monitoring, controlling, and safeguarding power systems. These panels find application across power transmission networks, transformers, substations, and capacitor banks. In addition, Avana Electrosystems offers medium- and low-voltage panels, protection relays, and automation solutions. The company operates two manufacturing facilities located at Peenya Industrial Estate, Bengaluru, Karnataka.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹28.59	₹27.41	₹0.92	₹28.52
2024	₹53.26	₹47.03	₹4.02	₹28.52
2025	₹62.93	₹50.64	₹8.31	₹49.42

Company Promoter

Anantharamaiah Panish

Gururaj Dambal

S Vinod Kumar

K N Sreenath

Know before investing

• • Strengths

  Established and diversified customer relationships – Long-term client associations help ensure repeat business and provide revenue stability.

  Advanced customisation expertise – Capability to supply multi-configuration panels designed to meet specific customer requirements.

• • Risks

  KIADB lease and schedule risk – Any delay in starting commercial operations at the new facility beyond May 22, 2026 could result in penalties or other negative implications under the lease agreement.

  Capital execution risk – With no backup funding arrangements in place, any delay or insufficiency in IPO proceeds may defer the planned capital expenditure.

Objects of the Issue & Utilisation of proceeds

Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit.

To meet Working Capital requirements of the Company.

General Corporate Purpose.

Company  Address

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
Phone: 91 80 4123 3386
Email: cs@avanaelectrosystems.com
Website: https://avanaelectrosystems.com/

IPO Registrar

Integrated Registry Management Services Pvt. Ltd.
Phone: 044 – 28140801 to 28140803
Email: smeipo@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1

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