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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:
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 Rs.59 per equity share including a share premium of Rs.49 per equity share (The"Offer Price") Aggregating to Rs.35.22 Crores ("The Offer") Comprising of a fresh issue of up to 51,76,000 equity shares aggregating to Rs.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 Rs.4.68 Crores of which up to 3,00,000 equity shares aggregating to Rs. 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 Rs. 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: Rs. 59 per equity share of face value Rs. 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.
Minimum Application for shares in Nos : 4000 Further Multiples of : 2000
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Indcap Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 35.22  
Post Issue Equity Share Capital (.Cr) 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

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