Comparison between Avana Electrosystems IPO and M R Maniveni IPO.
Avana Electrosystems IPO is a SME Bookbuilding IPO proposed to list at NSE SME while M R Maniveni IPO is a SME Bookbuilding proposed to list at BSE SME.
| Avana Electrosystems IPO | M R Maniveni IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Indcap Advisors Pvt.Ltd. | Capital Square Advisors Pvt.Ltd. |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | CapitalSquare Financial Services Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Avana Electrosystems IPO is up to ₹33.45 Cr whereas the issue size of the M R Maniveni IPO is up to ₹25.69 Cr. The final issue price of Avana Electrosystems IPO is ₹59.00 per share and of M R Maniveni IPO is ₹52.00 per share.
| Avana Electrosystems IPO | M R Maniveni IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹56.00 per share | ₹51.00 per share |
| Issue Price (Upper) | ₹59.00 per share | ₹52.00 per share |
| Issue Price (Final) | ₹59.00 per share | ₹52.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 48,76,000 shares | 49,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹28.77 Cr | up to ₹25.69 Cr |
| OFS Issue Size | 7,94,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹4.68 Cr | up to ₹0.00 Cr |
| Issue Size Total | 56,70,000 shares | 49,40,000 shares |
| Issue Size Total (Amount) | up to ₹33.45 Cr | up to ₹25.69 Cr |
Avana Electrosystems IPO opens on Jan 12, 2026, while M R Maniveni IPO opens on May 22, 2026. The closing date of Avana Electrosystems IPO and M R Maniveni IPO is Jan 14, 2026, and May 26, 2026, respectively.
| Avana Electrosystems IPO | M R Maniveni IPO | |
|---|---|---|
| Anchor Bid Date | Jan 09, 2026 | May 21, 2026 |
| Issue Open | Jan 12, 2026 | May 22, 2026 |
| Issue Close | Jan 14, 2026 | May 26, 2026 |
| Basis Of Allotment (Tentative) | Jan 15, 2026 | May 27, 2026 |
| Initiation of Refunds (Tentative) | Jan 16, 2026 | May 29, 2026 |
| Credit of Share (Tentative) | Jan 16, 2026 | May 29, 2026 |
| Listing date (Tentative) | Jan 20, 2026 | Jun 01, 2026 |
| Anchor Lockin End date 1 | Feb 14, 2026 | Jun 25, 2026 |
| Anchor Lockin End date 2 | Apr 15, 2026 | Aug 24, 2026 |
Avana Electrosystems IPO P/E ratio is 12.4, as compared to M R Maniveni IPO P/E ratio of 18.11.
| Avana Electrosystems IPO | M R Maniveni IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 98.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.64 | 72.46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.4 | 18.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹133.61 Cr. | ₹101.78 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 47.11 | 26.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 53.71 | 17.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.13 | 1.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.76 | ₹2.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 38.13 | 27.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Avana Electrosystems IPO Retail Individual Investors (RII) are offered 19,88,000 shares while in M R Maniveni IPO retail investors are offered 19,88,000 shares. Qualified Institutional Buyers (QIB) are offered 11,28,000 shares in Avana Electrosystems IPO and 9,82,000 shares in M R Maniveni IPO.
| Avana Electrosystems IPO | M R Maniveni IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,90,000 shares | 14,70,000 shares |
| Market Maker Reservation | 3,00,000 shares | 2,60,000 shares |
| QIB | 11,28,000 shares | 9,82,000 shares |
| NII | 8,64,000 shares | 7,56,000 shares |
| RII | 19,88,000 shares | 17,32,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 56,70,000 shares | 49,40,000 shares |
Avana Electrosystems IPO subscribed 92.53x in total, whereas M R Maniveni IPO subscribed 1.22x.
| Avana Electrosystems IPO | M R Maniveni IPO | |
|---|---|---|
| QIB (times) | 54.97x | 1.00x |
| NII (times) | 219.02x | 1.88x |
| Big NII (times) | 258.08x | 2.10x |
| Small NII (times) | 140.90x | 1.46x |
| RII (times) | 137.52x | 2.09x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 92.53x | 1.22x |
