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Explore how Avana Electrosystems Ltd.’s IPO performed on its opening day, including investor participation across categories, price band and lot size details, important IPO dates, and step-by-step process on how to apply through ASBA or UPI.
Avana Electrosystems entered the primary market with its IPO opening for subscription on January 12, 2026. The company operates in the electrical and electronics solutions space and is looking to raise funds to support business expansion and operational requirements. The IPO is a book-built issue with a price band of ₹56 to ₹59 per share and is listed on the NSE SME platform. The total issue size is approximately ₹35.22 crore, comprising a fresh issue and an offer for sale.
The Avana Electrosystems Ltd. IPO received a strong response on its opening day, driven mainly by robust demand from retail and non-institutional investors. Institutional participation was absent on Day 1, which is common in several SME IPOs during the early bidding phase.
On the first day of bidding, the IPO was subscribed 1.58× overall, indicating healthy investor interest right from the start.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
2.53× |
Non-Institutional Investors (NII) |
1.51× |
Total |
1.58× |
On the second day of bidding, the Avana Electrosystems Ltd. IPO was subscribed 10.25× overall.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
15.77× |
Non-Institutional Investors (NII) |
10.75× |
Total |
10.25× |
The trend indicates robust participation from retail and non-institutional investors, suggesting strong market interest.
On the third day, the Avana Electrosystems Ltd. IPO maintained significant traction, with an overall subscription of 119.72×. The IPO saw substantial demand from both Retail Individual Investors (RII) and Non-Institutional Investors (NII), outpacing Qualified Institutional Buyers (QIBs).
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
54.97× |
Retail Individual Investors (RII) |
131.84× |
Non-Institutional Investors (NII) |
161.79× |
Total |
119.72× |
Strong RII and NII participation suggests positive sentiment in the SME space, with growing interest from investors.
The price band for the Avana Electrosystems Ltd. IPO is fixed at ₹56 to ₹59 per share, with a face value of ₹10 per share. The IPO follows the standard SME structure with a relatively higher minimum investment.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
2 |
4,000 |
₹2,36,000 |
S-HNI (Min) |
3 |
6,000 |
₹3,54,000 |
B-HNI (Min) |
9 |
18,000 |
₹10,62,000 |
At the upper price band, the minimum retail investment stands at ₹2.36 lakh, which positions the IPO primarily for investors with a higher risk appetite and capital availability.
For detailed insights about the company, issue particulars, and the latest updates, visit the Avana Electrosystems IPO on Bajaj Markets.
Below is the tentative timeline outlining the key milestones of the Avana Electrosystems Ltd. IPO:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
January 12, 2026 |
Issue opens for subscription |
IPO Close Date |
January 14, 2026 |
Last day to submit bids |
Basis of Allotment |
January 15, 2026 |
Finalisation of allotment |
Refunds Initiation |
January 16, 2026 |
Refunds for unallotted investors |
Credit of Shares to Demat |
January 16, 2026 |
Shares credited to Demat accounts |
Listing Date |
January 19, 2026 |
Listing on NSE SME |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Avana Electrosystems Ltd. IPO using either the ASBA facility through banks or UPI-based applications via broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Avana Electrosystems Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Avana Electrosystems Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Check other Upcoming Ipo’s here: Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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Posted on 19 Dec
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