Avana Electrosystems Share Price

Avana Electrosystems Limited was originally incorporated as a Private Limited company under Companies Act, 1956, dated July 16, 2010 with the Registrar of Companies, Karnataka. Pursuant to a Special Resolution passed by the shareholders, Company has been converted into a Public Limited Company dated December 17, 2024 and a fresh Certificate of incorporation has been obtained from the Central Processing Centre.The Company is a manufacturer of customised Control and Relay Panels ranging from 11kv to 220kv for Power System Monitoring, Control and Protection Applications Transmission Lines, Power Transformers, Bus Bar, Capacitor Bank, etc, for both indoor and outdoor usage, MV and LV Panels, Protection Relays and Substation Automation Systems. These panels are used across various sectors and industries to facilitate the transmission and distribution of electrical power such as in solar power plants, wind power farms, other power generation plants, power transmission stations, electricity board substations, power utilities companies etc. It manufacture relays used in electrical systems to detect faults and protect equipment by analysing electrical parameters. Company made a beginning by providing control, protection and automation solutions in the field of power system protection. It supply products to State owned Electricity Distribution Companies and private distribution companies. Besides, Company operates two production units i.e. Unit I and Unit II at Nelagadaranahalli Village, Bengaluru, Karnataka. Both these units have a combined total area of 12,500 sq. ft, with an installed capacity of 70,000 units in Unit I for protection relays and 600 units in Unit II for control and relay panels. Company has filed a Draft Prospectus with SEBI and is planning the issuance of 60,90,000 equity shares of face value of Rs 10 per equity, consisting a fresh issue of 50,90,000 equity shares and the offer for sale of 10,00,000 equity shares.