How to Check Avana Electrosystems IPO Allotment Status

Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels. The company was incorporated in 2010.

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 includes Indoor Type Control and Relay Panel, Numerical Protection Relays, Electromechanical Relays, Substation Automation Panel, and Relay Test Block and Test Plug. As on August 31, 2025, the company had 129 employees. As of September 30, 2025, Avana Electrosystems had total assets of ₹53.91 crore.

The Avana Electrosystems IPO came with a total issue size of ₹35.22 crore, comprising a fresh issue of ₹30.54 crore and an offer for sale of ₹4.68 crore. The IPO opened on January 12, 2026, and closed on January 14, 2026. The allotment is expected on Thursday, January 15, 2026. The share price band was set at ₹56 to ₹59 per share.

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Steps to Check Avana Electrosystems IPO Allotment Status on Registrar Site

• Visit the Integrated Registry Management Services Pvt. Ltd.
• Select "Avana Electrosystems" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Avana Electrosystems IPO Allotment Status on NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Avana Electrosystems" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Avana Electrosystems IPO Subscription Status

Avana Electrosystems IPO received exceptional investor interest, being subscribed 131.82 times overall. Here is the category-wise breakdown as of 5:09:59 PM on January 14, 2026:

• QIB Category (Ex Anchor): 54.97 times
• Non-Institutional Investors (NII): 219.02 times
• Retail Investors: 137.52 times

Avana Electrosystems IPO Share Price and Investment Details

The minimum investment required was ₹2,36,000 for 2 lots (4,000 shares). The issue raised ₹9.97 crore from anchor investors. Given the overall subscription of 131.82 times, with strong institutional participation at 54.97 times, extraordinarily high NII participation at 219.02 times, and exceptionally strong retail subscription at 137.52 times, the IPO is expected to list with a substantial premium.

Utilisation of IPO Proceeds

The proceeds will be utilised for capital expenditure towards civil construction, internal electrical work, and internal plumbing to set up an integrated manufacturing unit amounting to ₹11.55 crore, meeting working capital requirements amounting to ₹8.40 crore, and for general corporate purposes.

Business Overview

Avana Electrosystems Limited is engaged in the manufacturing of control panels, relay panels, and relays for the power sector. The company has reported steady growth in its top and bottom lines during the reported periods and had an order book of ₹52.24 crore as of November 30, 2025.

The company maintains strong financial metrics with an ROE of 47.11% and a debt-to-equity ratio of 0.13.

The company benefits from strong and long-standing customer relationships with a wide customer base, customisation capabilities, adherence to quality standards supported by certifications and testing, an experienced promoter-led senior management team, and broad geographical reach. However, investors should note the post-issue P/E ratio of 11.91 and Price to Book Value of 4.73.