Avana Electrosystems IPO Receives Exceptional Response, Subscribed 131.82x on Day 3

Avana Electrosystems Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription. The stock price band is set at ₹56-59 per share. The ₹35.22 crore IPO reached 131.82 times by 5:09:59 PM on day three.

Avana Electrosystems IPO subscription reached exceptional 131.82 times on day three. It was led by Non-Institutional Investors (219.02x), Individual Investors (137.52x), and Qualified Institutional Buyers Ex-Anchor (54.97x). Total applications reached 82,699.
 

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Subscription Status of Avana Electrosystems IPO:

Here are the subscription details for Avana Electrosystems IPO as of Day 3 (January 14, 2026, 5:09:59 PM):

Key Highlights - Day 3:

• Overall subscription reached exceptional 131.82 times, showing extraordinary improvement from day two's 21.71 times
• Non-institutional investors displaying exceptional interest at 219.02 times, building dramatically from day two's 31.66 times, indicating unprecedented HNI demand for this control and relay panels manufacturer
• Individual investors showing exceptional confidence at 137.52 times, building substantially from day two's 28.55 times, indicating extraordinary retail demand for this SME IPO
• Qualified institutional buyers (ex-anchor) displaying exceptional performance at 54.97 times, building dramatically from day two's 2.02 times, indicating very strong institutional appetite
• Cumulative bid amount reached ₹3,095.29 crores, significantly exceeding the net offer size of ₹33.45 crores (excluding anchor and market maker portions) by over 92 times
   

Avana Electrosystems IPO - Day 2 Subscription at 21.71 Times

Key Highlights - Day 2:

• Overall subscription reached exceptional 21.71 times, showing extraordinary improvement from day one's 2.58 times
• Non-institutional investors displaying exceptional interest at 31.66 times, building substantially from day one's 2.85 times
• Individual investors showing exceptional confidence at 28.55 times, building substantially from day one's 3.92 times
• Qualified institutional buyers displaying moderate performance at 2.02 times, building substantially from day one's 0.00 times
   

Avana Electrosystems IPO - Day 1 Subscription at 2.58 Times
 

Key Highlights - Day 1:

• Overall subscription reached weak 0.80 times, showing cautious initial investor interest
• Individual investors displaying moderate confidence at 1.22 times, indicating measured retail interest
• Non-institutional investors showing weak performance at 0.88 times, indicating weak HNI appetite
• Qualified institutional buyers displaying negligible performance at 0.00 times, indicating no institutional interest

About Avana Electrosystems Limited

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.