Avana Electrosystems Ltd
IPO Day 2 Subscription Status
Avana Electrosystems Ltd IPO Day 2 Subscriptions Status: Check Bidding Details
Summary of IPO:
Avana Electrosystems Ltd IPO consists of an offer for sale of 4.68 shares and a fresh issue of ₹30.54. The IPO’s price band is ₹56 – ₹59 per share. The company’s shares will be listed on NSE - SME on 19 Jan 26
The initial public offering of Avana Electrosystems Ltd ended the second day with investors bidding 8.2556 times the available shares. The retail investor portion of the IPO was subscribed 13.0584 times the available shares on offer. Retail investors have 1,988,000/4,280,000 (46.45%) shares of the total issue reserved for them.
At the end of bidding on day 2, the qualified institutional buyers -/35,334,000 (0.00%) portion of the IPO got bids for - times the available shares on offer. The QIB portion includes insurance companies, domestic mutual funds, foreign institutional buyers, and other institutional investors.
The non institutional investors quota got bids for 8.0533 times the available quota of shares. This segment includes HNI and ultra HNI investors.
Here are the key details of Avana Electrosystems Ltd IPO
Offer for sale: 4.68 shares
Fresh issue: 30.54
Price Band: ₹56 – ₹ 59 per share
Bid open dates: 12 Jan 26
Allotment date: 15 Jan 26
Listing date: 19 Jan 26
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