Shares of Avana Electrosystems are set to make their stock market debut today, January 20, on the NSE SME platform, with grey market trends indicating a premium listing.
Ahead of the debut, the company’s IPO is commanding a grey market premium of around 17 percent. The SME issue was priced at Rs 59 per share and closed for subscription on January 14 after attracting strong demand across investor categories.
GMP Indicates Higher Listing Price
Based on the prevailing grey market premium, Avana Electrosystems shares are indicated to list in the range of Rs 69 to Rs 70 per share. Grey market activity is unofficial and subject to change closer to the actual listing, but it reflects positive investor sentiment ahead of the debut.GMP Note:
The grey market premium mentioned above is an unofficial indicator based on informal market activity and is not regulated. GMP figures are subject to rapid change and may fluctuate closer to the listing. They should not be considered as a guarantee of listing price or post listing performance. Investors are advised to rely on official market data and their own assessment before taking any investment decisions.
IPO Structure and Fundraising Details
The Rs 35.22 crore initial public offering comprised a fresh issue of shares worth Rs 30.54 crore and an offer for sale of Rs 4.68 crore by existing shareholders.The public issue saw overwhelming participation, with overall subscription reaching 131.82 times. The non institutional investor segment was subscribed 219.02 times, while retail investors bid 137.52 times the shares reserved for them. Qualified institutional buyers, excluding anchor investors, subscribed 54.97 times. Anchor investors had earlier invested Rs 9.97 crore in the issue on January 9.
Business Overview
Avana Electrosystems is engaged in the manufacture of customised control and relay panels used in power system monitoring, control and protection applications. Its product portfolio includes panels and relays for transmission lines, power transformers, bus bars and substations, with voltage applications ranging from 11 kV to 220 kV.The company operates two manufacturing facilities located at Bengaluru’s Peenya Industrial Estate and has a workforce of 129 employees.
Financial Performance
The company has reported steady financial growth. For the year ended March 2025, Avana Electrosystems posted total income of Rs 62.93 crore and a profit after tax of Rs 8.31 crore, compared with a PAT of Rs 4.02 crore in FY24.For the six months ended September 2025, the company reported a profit after tax of Rs 5.61 crore on income of Rs 36.28 crore.
Use of IPO Proceeds
Proceeds from the fresh issue are planned to be utilised primarily for setting up an integrated manufacturing unit, meeting working capital requirements and for general corporate purposes.With strong subscription figures and a healthy grey market premium, Avana Electrosystems enters its listing day with positive market sentiment, as investors track its actual performance following the debut on the NSE SME platform.
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The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.