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Vans Electroengineerings IPO

GMP, Subscription, Price, Allotment, Listing Date & AI Prediction

closed

BSE SME

PRICE BAND

Rs 112 - 118

LOT SIZE

2,400

Shares

MIN INVEST

Rs 2.8L

CUT-OFF

Rs 118

per share

Open

29 Sept 2026

Last Day

01 Oct 2026

Allotment

05 Oct 2026

Expected Refund

06 Oct 2026

Listing

07 Oct 2026

GMP Today

28m ago

+59.3%

+Rs 70 premium

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GMP Graph

Est. Listing Price

GMP Based

Rs 188

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 168,000

+59.3% (2400 shares)

Subscription

624.17x

Not open

Sub. Page

Final Subscription

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Current IPO Status: closed

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About Vans Electroengineerings

Electrical Equipment

Incorporated in February 2022 and based in Salem, Tamil Nadu, VANS Electroengineerings manufactures specialised electrical equipment for railway electrification and related infrastructure. The company has an ISO 9001:2015 certified facility and supplies products primarily to Indian Railways, railway contractors, metro contractors, power distribution companies, industrial customers and renewable energy projects. Its product portfolio includes single-pole vacuum circuit breakers, double-pole vacuum circuit breakers, single-pole vacuum interrupters and double-pole vacuum interrupters. Several products are approved by RDSO for railway traction applications.

IPO_DETAILS_LONG: VANS Electroengineerings IPO is a BSE SME book-built issue of 28,80,000 equity shares of face value ₹10 each at a price band of ₹112 to ₹118 per share. The total issue size is up to ₹33.98 Cr and the issue is entirely a fresh issue. The IPO opened on September 29, 2026 and closes on October 1, 2026. Allotment is scheduled for October 5, refund and share credit for October 6, and listing on BSE SME is scheduled for October 7, 2026. The stated market lot is 1,200 shares. The company proposes to use ₹25 Cr of the net proceeds for working capital requirements, with the balance for general corporate purposes.

Issue Details

Total Issue Size

Rs 34 Cr

Issue Size for Retail

Rs 11.1 Cr

Fresh Issue vs OFS

Fresh Issue
Rs 33.98 Cr (100%)

Reservation Quota

QIB

46.58%

Retail

32.67%

NII

14%

Lead Manager

Hem Securities Ltd.

Registrar

Bigshare Services Pvt. Ltd.

Objects of the Issue (as per DRHP)

  • 1Funding working capital requirements of the Company - 25.00 Cr
  • 2General Corporate Purposes - balance of net proceeds after the above specified object and issue expenses

Key Performance Indicator (KPI)

KPIMar 31, 2025Mar 31, 2026
ROE71.63%83.27%
ROCE53.51%63.96%
Debt/Equity0.320.28
RoNW45.76%58.79%
PAT Margin12.76%23.61%
EBITDA Margin18.27%31.63%
Price to Book Value10.30
Check IPO Peer Comparison here.
Pre IPOPost IPO
EPS (Rs)6.744.96
P/E (x)17.5123.79
Promoter Holding90.75%66.73%
Market CapRs 128.38 Cr.

Balakrishnan Srinivasan; Viraj Bansal; Abhishek Saraff; Nitin Jain; Pooja Bansal; Hotspot Infodot Private Limited

Vans Electroengineerings Financials

Company financial data by reporting period. Amounts in Rs crore; ratios and percentages as labelled. A dash means not available, not zero.
MetricFY24FY25FY26
Total Income2.7613.8223.19
Net Profit (PAT)0.021.735.39
EBITDA0.022.487.23
Borrowings5.171.22.55
ROE2.06%71.63%83.27%
ROCE2.1%53.51%63.96%
Debt/Equity4.920.320.28
Assets6.575.3416.85

Company Financials

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MARKET SENTIMENT SCORE

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Company Contact Details

Plot 17, SIDCO Women's Industrial Estate, Karuppur, Salem, Tamil Nadu - 636011
+91 9677114470
[email protected]
Visit Website

Anchor Book

MINT FOCUSED GROWTH FUND PCC-CELL 1INDIA MAX INVESTMENT FUND LTD.HEM GROWTH OPPORTUNITIES FUND

Green Flags

  • Revenue increased from ₹2.76 Cr in FY24 to ₹23.19 Cr in FY26.
  • PAT increased from ₹0.02 Cr in FY24 to ₹5.39 Cr in FY26.
  • FY26 ROE was 83.27% and ROCE was 63.96%.
  • Debt/equity declined from 4.92x in FY24 to 0.28x in FY26.
  • FY26 EBITDA margin was 31.63%.
  • Products are used in railway electrification and metro infrastructure.
  • Products include RDSO-approved traction power supply equipment.
  • Anchor investors were allocated 8,04,000 shares at ₹118 per share.

Red Flags

  • The company has a short operating history, having been incorporated in 2022.
  • ₹25 Cr of the fresh issue is earmarked for working capital.
  • FY24 borrowing of ₹5.17 Cr was high relative to its ₹1.05 Cr net worth, although leverage subsequently declined.
  • The IPO is priced at 23.79x post-issue P/E at the upper price band.
  • Price-to-book value is 10.30x.
  • The business is exposed to railway infrastructure and project-related order cycles.
  • === END ===

Grey Market Premium

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Frequently Asked Questions

What is the price band of Vans Electroengineerings IPO?

The price band is Rs 112-118 per share. One lot contains 2400 shares; its value at the upper price is Rs 2,83,200. Check the issue terms for the minimum application size applicable to your category.

What are the bidding dates for Vans Electroengineerings IPO?

The scheduled bidding period is 29 Sept 2026 to 1 Oct 2026.

When is Vans Electroengineerings IPO scheduled to list?

The scheduled listing date is 7 Oct 2026. The actual listing price is determined on the exchange, not by the grey market premium or an AI estimate.

Who is the registrar for Vans Electroengineerings IPO?

Bigshare Services Pvt. Ltd. is the registrar. See the allotment page for the available schedule and official checking link.

Who manages Vans Electroengineerings IPO?

Lead manager information recorded for this issue: Hem Securities Ltd..

Disclaimer

IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.

AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.

GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.

Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.

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