Bengaluru, January 9, 2026 – Avana Electrosystems Limited has announced the details of its upcoming initial public offering, scheduled to open for subscription from January 12 to January 14, 2026, with equity shares set to list on January 19, 2026. The issue is priced in the range of ₹56 to ₹59 per share, with a total issue size of ₹35 crore.
IPO Snapshot
| Particulars | Details |
|---|---|
| Issue Opens | January 12, 2026 |
| Issue Closes | January 14, 2026 |
| Price Band | ₹56 – ₹59 per share |
| Lot Size | 2,000 shares |
| Minimum Investment | ₹1,18,000 |
| Issue Size | ₹35 crore |
| Listing Date | January 19, 2026 |
Anchor Book Fully Subscribed at ₹59
Ahead of the public issue, Avana Electrosystems has completed its anchor investor allocation, garnering ₹9.97 crore at the upper end of the price band. A total of 16.90 lakh equity shares were allocated to anchor investors at ₹59 per share, reflecting early institutional confidence in the offering.Anchor Investor Allocation Details
| Anchor Investor | Shares Allocated | % of Anchor Portion | Amount (₹) |
|---|---|---|---|
| Fortune Hands Growth Fund | 5,86,000 | 34.67% | 3,45,74,000 |
| Founders Collective Fund | 5,08,000 | 30.06% | 2,99,72,000 |
| Aarth AIF Growth Fund | 2,56,000 | 15.15% | 1,51,04,000 |
| NAV Capital VCC – Emerging Star Fund | 1,70,000 | 10.06% | 1,00,30,000 |
| Shrem Investments Private Limited | 1,70,000 | 10.06% | 1,00,30,000 |
| Total | 16,90,000 | 100% | 9,97,10,000 |
Issue Schedule
| Event | Date |
|---|---|
| Issue Open Date | January 12, 2026 |
| Issue Close Date | January 14, 2026 |
| UPI Mandate Deadline | January 14, 2026 (5:00 PM) |
| Allotment Finalisation | January 15, 2026 |
| Refund Initiation | January 16, 2026 |
| Shares Credited to Demat | January 16, 2026 |
| Listing Date | January 19, 2026 |
| Mandate End Date | January 29, 2026 |
| Anchor Lock-in (50%) | February 14, 2026 |
| Anchor Lock-in (Remaining) | April 15, 2026 |
About Avana Electrosystems
Incorporated in July 2010 and converted into a public limited company in December 2024, Avana Electrosystems Limited is engaged in the manufacturing of control and relay panels and electrical relays. The company offers customised solutions ranging from 11 kV to 220 kV for power system monitoring, control, and protection applications.Avana’s products are widely used across transmission lines, substations, transformers, renewable energy projects, and power utilities. Operating on a B2B model, the company serves state utilities, EPC contractors, and private power sector players, supported by in-house design capabilities, customised engineering solutions, and quality-focused manufacturing.
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