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 Panel
- Numerical Protection Relays
- Electromechani cal Relays
- Substation Automation Panel
- Relay Test Block and Test Plug
As on August 31, 2025, the company had 129 employees.
Competitve Strengths:
- Strong customer relationships and wide customer base
- Customisation & Multi
- Quality Standard Certifications & Quality Tests
- Experienced Promoters and Senior Management Team
- Geographical reach
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit | ₹12 |
| To meet Working Capital requirements of the Company | ₹8 |
| General Corporate Purposes | — |
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 49 | 38 | 29 |
| Revenue | 63 | 53 | 29 |
| PAT | 8 | 4 | 1 |
| EBITDA | 13 | 7 | 2 |
| Net Worth | 22 | 13 | 9 |
| Reserves | 21 | 13 | 9 |
| Total Borrowing | 6 | 9 | 7 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,818,000 (47%) | — |
| NII / HNI | — | 864,000 (14%) | — |
| Retail (RII) | — | 1,988,000 (33%) | — |
| Market Maker | — | 300,000 (5%) | — |
| Total | — | 5,970,000 (100%) | — |
* Amount calculated at upper price band (₹59) · ** Total includes all investor categories
- 1 Initiation of Refund 16 Jan 2026
- 2 Credit of Shares to Demat 16 Jan 2026
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹5 compares to post-issue EPS of ₹4 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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