News Details

( As on 05/01/2026 16:00)

Avana Electrosystems announces launch of initial public offering

Avana Electrosystems Ltd. has announced public offering of 5970000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 49.00 per share. The gross proceeds of the issue are expected to be Rs 3,522.30 lakhs.

The company's initial public offer (IPO) will open on 12 January 2026 and is expected to close on 14 January 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 56.00-59.00 per share.

The IPO includes a fresh Issue of 5970000 Equity Shares of the Company at an price of Rs 59.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Avana Electrosystems Ltd. anticipates using the proceeds of the issue for .

Indcap Advisors Pvt. Ltd. as lead manager & Integrated Registry Management Services Pvt. Ltd. is the registrar, to the issue.