... IPO Details

🗓️ IPO Dates: 12 – 14 January 2026
💰 Issue Size: Up to 59,70,000 equity shares (Fresh Issue + OFS)
💵 Price Band: To be announced
📦 Lot Size: To be announced
📊 Issue Type: SME IPO (Book Built Issue)
📈 Listing: NSE EMERGE

Avana Electrosystems Limited is an electrical systems manufacturer. The IPO consists of a fresh issue and offer for sale. Suitable for investors looking at SME manufacturing exposure with higher risk appetite.

IPO Details

IPO Review & Key Points

• IPO includes both fresh issue and promoter offer for sale
• Company will receive funds only from the fresh issue portion
• Listing proposed on NSE EMERGE (SME platform)
• Price band and valuation yet to be announced
• Suitable for SME-focused investors with higher risk tolerance

IPO Market Lot

IPO Reservation

IPO Anchor Investors

Anchor investor bidding is scheduled on 9 January 2026. Allocation may be made to eligible Qualified Institutional Buyers as per SEBI ICDR Regulations.

IPO Dates

Promoters and Holding Pattern

• Anantharamaiah Panish
• Gururaj Dambal
• S Vinod Kumar
• K N Sreenath

Objects of the Issue

• Funding working capital requirements
• General corporate purposes

Company Financial Report

Financial details are disclosed in the RHP under restated financial statements. Investors should review revenue, profitability, and cash flow trends before investing.

IPO Valuation

IPO valuation metrics such as P/E ratio and market capitalization will be available after announcement of the price band.

Peer Group Comparison

Peer comparison will be updated once final pricing and valuation details are disclosed.

Lead Managers

IPO FAQs

• Is this a mainboard IPO? No, it is an SME IPO.
• Which exchange? NSE EMERGE.
• Is it a fresh issue? Yes, along with OFS.
• Is price band announced? Not yet.