Avana Electrosystems IPO Subscription Day 1: Check Online Status

Posted by : sachet | Mon Jan 12 2026

Here, the Avana Electrosystems IPO launched on 12th January 2026. Bidding for the issue will close today, 19th January 2026. The primary aim of the Avana Electrosystems IPO is to raise ₹35.22 crores from the market. Also, the Avana Electrosystems IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Avana Electrosystems IPO subscription and details.

Table of Contents

Avana Electrosystems IPO Details

IPO Open Date	12th January 2026
Face Value	₹10 per share
Price Band	₹56 to ₹59 per share
Lot Size	2,000 Shares
Issue Type	Bookbuilding Issue
Listing At	NSE & SME
IPO Close Date	14th January 2026
Listing Date	19th January 2026

The price band for Riddhi Display Equipment’s IPO has been set at ₹56 to ₹59 per share, and a total of 59,70,000 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.

Investor Categories	Shares Offered	Shares Percentage
Market Maker Shares Offered	3,00,000	5.03%
QIB Shares Offered	28,18,000	47.20%
NII (HNI) Shares Offered	8,64,000	14.47%
Retail Shares Offered	19,88,000	33.30%
Total Shares Offered	59,70,000	100.00%

Avana Electrosystems IPO Subscription Status

As of now, the Avana Electrosystems IPO has been subscribed to 0.63 times. Of these, 0.66 times are subscribed by retail investors, 1.37 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of Avana Electrosystems’s IPO listing on 19th January 2026. Avana Electrosystems also has a positive outlook behind the fresh issue of 0.52 crore shares, which will raise around Rs 35.22 crores.

Avana Electrosystems IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Avana Electrosystems IPO GMP for 12th January 2026.

The grey market premium for this IPO has surged to 23.73% or Rs 14.00 per share. It indicates that the estimated listing price per share is Rs 73.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
12-01-2026	₹59.00	₹14.00	₹73.00	23.73%
11-01-2026	₹59.00	₹14.00	₹73.00	23.73%
10-01-2026	₹59.00	₹14.00	₹73.00	23.73%
9-01-2026	₹59.00	₹8.00	₹67.00	13.56%
8-01-2026	₹59.00	₹8.00	₹67.00	13.56%
7-01-2026	₹59.00	₹4.5.00	₹63.50	7.63%
6-01-2026	₹59.00	₹0.00	₹59.00	0.00%
5-01-2026	₹59.00	₹0.00	₹59.00	0.00%
4-01-2026	₹0.00	₹0.00	₹0.00	0.00%

About Avana Electrosystems Ltd.

Avana Electrosystems Limited was established in 2010. Avana Electrosystems Limited is engaged in the 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, as well as Transmission Lines, Power Transformers, Bus Bars, Capacitor Banks, etc., for both indoor and outdoor use. The company also offers MV and LV Panels, Protection Relays, and Substation Automation Systems. The company operates two manufacturing units in Peenya Industrial Estate, Bengaluru, Karnataka, specialising in industrial production and advanced engineering solutions.

Avana Electrosystems Limited Financials

The company’s financial analysis is essential before applying for the Avana Electrosystems IPO. Look at the table to learn about Avana Electrosystems Limited’s financials.

Year Ended	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	49.42	38.07	28.52
Revenue	62.93	53.26	28.59
Profit After Tax	8.31	4.02	0.92
EBITDA	12.52	7.42	1.92
Net Worth	21.80	13.49	9.46
Reserves and Surplus	21.01	12.69	8.67
Total Borrowings	5.69	9.27	7.33

Explanation

Avana Electrosystems Limited’s revenue increased by 18% from ₹53.26 crores in March 2024 to ₹62.93 crores in March 2025. Moreover, the company’s PAT increased by 107% from ₹4.02 crores in March 2024 to ₹8.31 crores in March 2025.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Avana Electrosystems IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	12.4
EPS (Earnings Per Share)	4.76
RoNW	38.13%
ROCE	53.71%
ROE	47.11%
EBITDA Margin	20.36%
Price to Book Value	4.73
Market Capitalisation	₹133.61 Cr

Avana Electrosystems IPO Listing Expectations

Avana Electrosystems IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 23.73% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 73.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.

Avana Electrosystems IPO Dates

IPO Open Date	129th January 2026
IPO Close Date	14th January 2026
Allotment	15th January 2026
Refund Date	16th January 2026
IPO Listing Date	19th January 2026

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.