Avana Electrosystems IPO GMP Today, Subscription Status & Review 2026
15 January 2026 ·
Avana Electrosystems Ltd IPO: GMP Trends, Subscription Demand, Financials & Investment Outlook
Introduction to Avana Electrosystems IPO
The Avana Electrosystems IPO is among the most closely tracked NSE SME IPOs of January 2026, especially due to rising interest in power transmission, grid automation, and substation infrastructure. With India’s continued focus on upgrading transmission networks and integrating renewable energy, demand for control, relay, and automation panels is expected to remain strong.
Investors tracking Avana Electrosystems IPO GMP today are primarily evaluating short-term listing sentiment alongside the company’s long-term fundamentals.
Avana Electrosystems IPO Key Highlights
| Metric | Details |
|---|---|
| IPO Type | Book Building IPO |
| Total Issue Size | ₹35.22 Crore |
| Fresh Issue | ₹30.54 Crore |
| Offer for Sale | ₹4.68 Crore |
| Listing Exchange | NSE SME |
| Issue Price | ₹59 per share |
Avana Electrosystems IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | Jan 12, 2026 |
| IPO Close Date | Jan 14, 2026 |
| Allotment Date | Jan 15, 2026 |
| Refund Initiation | Jan 16, 2026 |
| Listing Date | Jan 19, 2026 |
Avana Electrosystems IPO Lot Size & Investment Details
| Category | Shares | Investment Amount |
|---|---|---|
| Retail (Minimum) | 4,000 | ₹2,36,000 |
| Retail (Maximum) | 4,000 | ₹2,36,000 |
| S-HNI (Minimum) | 6,000 | ₹3,54,000 |
| S-HNI (Maximum) | 16,000 | ₹9,44,000 |
| B-HNI (Minimum) | 18,000 | ₹10,62,000 |
IPO Structure: Fresh Issue vs OFS
The Avana Electrosystems Ltd IPO consists of both fresh issue and offer for sale (OFS) components.
The fresh issue portion will be used to strengthen working capital, expand operations, and support business growth.
The OFS component allows partial monetisation by existing shareholders and does not directly add capital to the company.
This mixed structure is common among SME IPOs and generally indicates balanced promoter intent.
Avana Electrosystems IPO Investor Allocation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| QIB | 28,18,000 | 47.20% |
| Anchor Investors | 16,90,000 | 28.31% |
| NII (HNI) | 8,64,000 | 14.47% |
| Retail Investors | 19,88,000 | 33.30% |
| Market Maker | 3,00,000 | 5.03% |
About Avana Electrosystems Ltd
Incorporated in 2010, Avana Electrosystems Limited specialises in manufacturing customised Control and Relay Panels for power system monitoring, protection, and automation.
The company serves applications across:
Transmission lines
Power transformers
Bus bars and capacitor banks
Substations and grid automation
Product Portfolio & Industry Applications
Avana Electrosystems’ product range includes:
Indoor Type Control & Relay Panels
Numerical Protection Relays
Electromechanical Relays
Substation Automation Panels
Relay Test Blocks and Test Plugs
These products cater to medium- and high-voltage power infrastructure, positioning the company within India’s critical energy ecosystem.
Manufacturing Facilities & Operations
The company operates two manufacturing units located at Peenya Industrial Estate, Bengaluru, a major industrial hub. These facilities support advanced engineering, customisation, and stringent quality testing.
As of August 31, 2025, Avana Electrosystems employed 129 personnel, reflecting a lean but specialised workforce.
Competitive Strengths
Key strengths supporting the Avana Electrosystems IPO review include:
Strong customer relationships and repeat clientele
High level of product customisation
Compliance with quality certifications and testing standards
Experienced promoters and management team
Growing geographical reach across power infrastructure projects
Avana Electrosystems Financials
| Metric | FY2023 | FY2024 | FY2025 | Sep 2025 |
|---|---|---|---|---|
| Total Assets | 28.52 | 38.07 | 49.42 | 53.91 |
| Total Income | 28.59 | 53.26 | 62.93 | 36.28 |
| Profit After Tax | 0.92 | 4.02 | 8.31 | 5.61 |
| Net Worth | 9.46 | 13.49 | 21.80 | 27.41 |
Avana Electrosystems IPO GMP Today
The Avana Electrosystems IPO GMP today is closely monitored as an indicator of grey-market sentiment. IPO GMP reflects short-term demand expectations but does not guarantee listing performance, especially for SME IPOs.
Investors typically assess GMP alongside:
Subscription trends
Anchor investor participation
Financial growth consistency
Avana Electrosystems IPO Subscription Status
The Avana Electrosystems IPO subscription status is expected to see strong participation from:
Retail investors seeking SME exposure
HNIs targeting listing gains
QIBs evaluating infrastructure-linked growth
Subscription momentum often plays a key role in shaping GMP trends during the IPO window.
Key Risks for Investors
SME IPOs have limited post-listing liquidity
Revenue concentration in power infrastructure projects
Dependence on capex cycles and utility spending
Short operating history at larger revenue scale
Avana Electrosystems IPO Review: Should You Apply?
The Avana Electrosystems IPO review suggests it may be suitable for investors who:
Understand SME IPO volatility
Are comfortable with medium-term holding
Prefer infrastructure-linked manufacturing plays
Strong financial growth and sector tailwinds are positives, while conservative investors should moderate position sizing.
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