Mumbai, Jan. 20 -- The scrip was listed at Rs 77.50, a premium of 31.36% compared with the initial public offer (IPO) price. The stock is currently down 1.94% over its listing price.

The counter hit a high of Rs 81.35 and a low of Rs 73.65. About 31.62 lakh shares of the company changed hands at the counter.

Avana Electrosystems' IPO was subscribed 122.64 times. The issue opened for bidding on 12 January 2026 and it closed on 14 January 2026. The price band of the IPO was set at Rs 56 to Rs 59 per share.

The IPO comprised 59,70,000 equity shares, including a fresh issue of 51,76,000 equity shares and offer for sale (OFS) of 7,94,000 equity shares.

The company intends to utilize the net proceeds for capital expenditure towards civil co...