Avana Electrosystems IPO
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Avana Electrosystems IPO details
Schedule of Avana Electrosystems
| Issue open date | 12 Jan 2026 |
| Issue close date | 14 Jan 2026 |
| UPI mandate deadline | 14 Jan 2026 (5 PM) |
| Allotment finalization | 15 Jan 2026 |
| Refund initiation | 16 Jan 2026 |
| Share credit | 16 Jan 2026 |
| Listing date | 19 Jan 2026 |
| Mandate end date | 29 Jan 2026 |
| Lock-in end date for anchor investors (50%) | 14 Feb 2026 |
| Lock-in end date for anchor investors (remaining) | 15 Apr 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Avana Electrosystems
Avana Electrosystems Limited was incorporated in July 2010 and converted into a public limited company in December 2024. The Company is promoted by Anantharamaiah Panish, Gururaj Dambal, S. Vinod Kumar and K. N. Sreenath, each with over two decades of industry experience. The Company is engaged in the manufacturing of control and relay panels and electrical relays. Its product portfolio includes customised control and relay panels ranging from 11 kV to 220 kV for power system monitoring, control and protection applications. These products are used across transmission lines, substations, transformers, renewable energy projects and power utilities. Avana also manufactures relays used for fault detection and equipment protection in electrical systems. Avana operates on a B2B model, serving state utilities, EPC contractors and private power sector players. Its strengths lie in in-house design capabilities, customised engineering solutions, quality-focused manufacturing and long-standing promoter expertise in the power infrastructure sector
Financials of Avana Electrosystems
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 35.22 |
| Fresh Issue – Proceeds go to the company | 30.54 |
| Offer for sale – Proceeds go to the existing investors | 4.68 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure for the integrated manufacturing unit | 11.55 (37.81%) |
| Working capital requirements | 8.4 (27.50%) |
| General corporate purposes | 10.59 (35%) |
Strengths
- Experienced promoters with over two decades in the power sector.
- Strong in-house design and customised engineering capabilities.
- Wide product range across control panels and protection relays.
- Established relationships with utilities, EPC players and power companies.
- Consistent revenue growth and improving profitability in recent years.
Risks
- High dependence on government utilities and EPC contractors for revenue.
- Business performance linked to power sector capex and policy changes.
- Delay in setting up the new manufacturing facility may impact growth plans.
- Exposure to strict quality standards and risk of order cancellations.
- Concentration of ownership among promoters may limit public influence.