Description

NSE announces the listing of Avana Electrosystems Limited equity shares on the EMERGE SME Platform effective January 20, 2026, with initial trading in Trade for Trade Surveillance Segment.

Summary

NSE has admitted Avana Electrosystems Limited’s equity shares for trading on the EMERGE SME Platform effective January 20, 2026. The company’s shares will trade under symbol AVANA with ISIN INE1KU201016, initially in Series ‘ST’ (Trade for Trade Surveillance Segment with Settlement Type ‘W’) before shifting to Series ‘SM’ (Normal Rolling Segment). The IPO issue price is Rs. 59 per share with a face value of Rs. 10.

Key Points

  • Symbol: AVANA
  • ISIN: INE1KU201016
  • Total equity shares: 22,645,408 (distinctive numbers 1 to 22,645,408)
  • Face value: Rs. 10 per share
  • IPO issue price: Rs. 59 per share
  • Market lot size: 2,000 equity shares
  • Initial trading series: ST (Trade for Trade Surveillance Segment - Settlement Type ‘W’)
  • Subsequent series: SM (Normal Rolling Segment - Settlement Type ‘N’)
  • Market maker maximum permissible spread: Within 10%
  • Market maker: Asnani Stock Broker Private Limited
  • Registrar & Transfer Agent: Integrated Registry Management Services Private Limited

Regulatory Changes

No regulatory changes. This circular implements existing SEBI regulations:

  • SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 (Pre-open session for IPO)
  • NSE Circular NSE/CMTR/37202 dated March 14, 2018 (Continuous market trading)
  • NSE Capital Market Trading Regulations Part A, Regulation 3.1.1 and 2.5.5

Compliance Requirements

  • Members must identify the security by its designated code (AVANA)
  • Trading must be conducted in specified lot sizes of 2,000 equity shares
  • The security will participate in pre-open session for IPO category
  • Lock-in requirements apply as per Annexure I (794,000 shares with distinctive numbers 1 to 6,073,206)

Important Dates

  • Circular date: January 19, 2026
  • Effective date for listing and trading: January 20, 2026
  • Company financial year: April 2025 to March 2026

Impact Assessment

Market Impact: Low - This is a standard SME IPO listing with no broader market implications beyond the addition of one new security to the EMERGE platform.

Operational Impact: Minimal - Members can trade the new security following standard procedures. Initial placement in Trade for Trade Surveillance Segment provides additional monitoring.

Company Details:

  • Registered office: Bengaluru, Karnataka
  • Business: Electrosystems manufacturing
  • Company Secretary: Ms. Amrutha Naveen
  • Contact: cs@avanaelectrosystems.com, +91 80 4123 3386

Impact Justification

Routine SME IPO listing announcement with standard procedures and limited market-wide impact