Avana Electrosystems IPO
Electrical Equipment - Listed on 20 January 2026
Avana Electrosystems IPO listing summary
Avana Electrosystems (Electrical Equipment) closed its IPO window in 2026 and listed on NSE and BSE on 20 January 2026 at an upper band issue price of Rs 59, opening at Rs 77.5 for a listing gain of +31.4% and closing day one at Rs 80.3 (+36.1% on closing basis). The IPO was subscribed 131.89x overall - QIB 54.97x, HNI/NII 219.37x, Retail 137.52x. The total issue size was Rs 35.22 Cr (Fresh Issue Rs 30.54 Cr, OFS Rs 4.68 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Avana Electrosystems IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 12 | +20.34% |
| Day 2 | Rs 12 | +20.34% |
| Day 3 | Rs 12 | +20.34% |
| Day 4 | Rs 15 | +25.42% |
| Day 5 | Rs 15 | +25.42% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Avana Electrosystems IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Avana Electrosystems IPO - FAQs
What was the listing gain of Avana Electrosystems IPO?
Avana Electrosystems IPO listed at +31.4% versus the upper issue price of Rs 59 on 20 January 2026.
How many times was Avana Electrosystems IPO subscribed?
Avana Electrosystems IPO was subscribed 131.89x overall. QIB portion was subscribed 54.97x, HNI / NII 219.37x and Retail 137.52x.
What was the IPO GMP for Avana Electrosystems?
IPO GMP started at Rs 12 on Day 1 and moved to Rs 15 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.