Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.The company offers Control and Relay Panels ranging from 11kv to 220kv for Power System Monitoring, Control and Protection Applications Transmission Lines, Power Transformers, Bus Bar, Capacitor Bank, etc, for both indoor and outdoor usage, MV and LV Panels, Protection Relays and Substation Automation Systems.The company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, specializing in industrial production and advanced engineering solutions.Product Portfolio:Indoor Type Control and Relay PanelNumerical Protection RelaysElectromechani cal RelaysSubstation Automation PanelRelay Test Block and Test PlugAs on August 31, 2025, the company had 129 employees.Competitve Strengths:Strong customer relationships and wide customer baseCustomisation & MultiQuality Standard Certifications & Quality TestsExperienced Promoters and Senior Management TeamGeographical reach
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
300,000 | ₹1.770 |
|
QIB (Ex Anchor)
|
2,818,000 | ₹16.630 |
|
NII
|
864,000 | ₹5.100 |
|
Retail
|
1,988,000 | ₹11.730 |
| Total ** | 5,970,000 | ₹35.220 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 4,000 | ₹236,000 |
| Retail (Max — 13 Lots) | 13 | 26,000 | ₹1,534,000 |
| S-HNI (Min — 14 Lots) | 14 | 28,000 | ₹1,652,000 |
| S-HNI (Max — 66 Lots) | 66 | 132,000 | ₹7,788,000 |
| B-HNI (Min — 67 Lots) | 67 | 134,000 | ₹7,906,000 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 864,000 | 1,988,000 | 2,852,000 |
| Allotment price (Rs.) | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | 16.63 | 1.77 | 18.40 | — | — | 5.10 | 11.73 | 35.23 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 864,000 | 1,988,000 | 2,852,000 |
| Amount (Rs.cr.) | 16.63 | 1.77 | 18.40 | — | — | 5.10 | 11.73 | 16.83 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 300,000 | ₹1.77 |
5.03%
|
| QIB (Ex Anchor) | 2,818,000 | ₹16.63 |
47.20%
|
| NII / HNI | 864,000 | ₹5.10 |
14.47%
|
| Retail (RII) | 1,988,000 | ₹11.73 |
33.30%
|
| Total | 5,970,000 | ₹35.22 |
100.00%
|
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 62.93 | 53.26 | 28.59 |
| EBITDA | 12.52 | 7.42 | 1.92 |
| Profit After Tax (PAT) | 8.31 | 4.02 | 0.92 |
| Net Worth | 21.80 | 13.49 | 9.46 |
| Total Assets | 49.42 | 38.07 | 28.52 |
| Reserves & Surplus | 21.01 | 12.69 | 8.67 |
| Total Borrowings | 5.69 | 9.27 | 7.33 |
| EBITDA Margin (%) | 20.36% | — | — |
| PAT Margin (%) | 13.52% | — | — |
Avana Electrosystems Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: