Successful IPO of Avana Electrosystems on National Stock Exchange

🇮🇳 Indcap Advisors

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January 20, 2026

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Energy & Cleantech

Avana Electrosystems Limited

Successful IPO of Avana Electrosystems on National Stock Exchange

Deal Crux

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APAC

🇮🇳 India

Energy & Cleantech

Other

2026

Avana is a manufacturer of customised Control & Relay Panels (11kV–220kV) for Power System Monitoring, Control & Protection applications. Indcap acted as the Sole Book Running Lead Manager (BRLM) to the issue wherein we:

– Managed end-to-end IPO process and regulatory compliances.
– Conducted financial, legal, and business due diligence.
– Prepared and filed offer documents with SEBI and NSE.
– Coordinated with all intermediaries and advisors.
– Successfully listed the company on the NSE Emerge platform.

Member Firm

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Indcap Advisors Private Limited

Founded with a vision to combine institutional-quality execution with entrepreneurial agility, Indcap Advisors has spent over 25 years advising businesses across India. We have served 500+ clients, aggregating to transactions over ₹1 lakh crore (US$11+ billion) across M&A, IPO advisory, debt syndication, and strategic corporate advisory—spanning family-owned enterprises to professionally managed companies.