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Avana Electrosystems Ltd
Registered Office:
No.8 Plot No.35 1st Main Road,2nd Phase Peenya Ind.Area,
Bengaluru - 560058,
Karnataka, India.
Phone : +91 80 4123 3386
Fax : NA
Email :
cs@avanelectrosystems.com
Website :
www.avanaelectrosystems.com
Initial public offer up to 59,70,000 equity shares of face value Rs, 10 each ("Equity Sharese") of Avana Electrosystems Ltd ( The "Company" or The "Issuer") for cash at a price of (
R
s
)59 per equity share including a share premium of (
R
s
)49 per equity share (The"Offer Price") Aggregating to (
R
s
)35.22 Crores ("The Offer") Comprising of a fresh issue of up to 51,76,000 equity shares aggregating to (
R
s
)30.54 Crores (The"Fresh Issue") and an offer for sale of up to 7,94,000 equity shares by the promoter selling shareholders ("Offer for Sale") aggregating to (
R
s
)4.68 Crores of which up to 3,00,000 equity shares aggregating to (
R
s
) 1.77 Crores will be reserved for subscription by market maker to the offer (The"Market Maker Reservation Portion"). The Offer less the market maker reservation portion i.e. Net offer of up to 56,70,000 equity share aggregating to (
R
s
) 33.45 Crores (The"Net Offer"). The Fresh offer and the net offer will constitute 26.36% and 25.04% respectively of the post offer paid-up equity share capital of the company. Price Band: (
R
s
) 59 per equity share of face value (
R
s
) 10/- each. The floor price is 5.9 times of the face value of the equity shares. Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
12-Jan-26
14-Jan-26
59.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 4000 Further Multiples of : 2000
(
R
s
.Cr
)
Lead Managers to the Issue
Project Cost
24.72
Indcap Advisors Pvt Ltd
Project Financed through Current Offer
35.22
Post Issue Equity Share Capital
22.65
Issue Price
59.00
Projects
Capital expenditure towards civil construction, internal electric work and internal plumbing to set up an integrated manufacturing unit
To meet Working Capital requirements of the Company
General Corporate Purposes
Promoted By
Anantharamaiah Panish
Vinod Kumar
Gururaj Dambal
Listing At
NSE - SME
Registrar to the Issue
No Data Available!!!