Avana Electrosystems Ltd IPO Day 3 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 with investors bidding 47.8949 times the available shares. The retail investor portion of the IPO was subscribed 62.3119 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 bidding for the IPO on the last day, the qualified institutional buyers 10,262,000/204,990,000 (5.01%) portion of the IPO got bids for 9.0975 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 60.8694 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