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Vans Electroengineerings Ltd

Vans Electroengineerings Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹118
₹118
GMP (Grey Market)
+₹91
+77.12%
Est. Listing Price
₹209
Based on GMP
Min. Investment
₹141,600
1 lot × 1200 shares
Subscribed
1.02x
Over-subscribed
IPO Details
Open Date
29 Sep 2026
Close Date
01 Oct 2026
Allotment
05 Oct 2026
Listing Date
07 Oct 2026
Exchange
BSE SME
Price Band
₹118
Listing Price
See chart
Allotment Status
Price Band
₹118
Per share
Face Value
₹10 per share
 
Lot Size
1,200 Shares
per lot
Issue Size
28,80,000 shares (agg. up to ₹34 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹141,600
1 lot
Pre-IPO Holding
80,00,000 shares
Promoters
Post-IPO Holding
1,08,80,000 shares
Promoters
P/E (Pre)
17.51x
 
P/E (Post)
23.79x
 
EPS (Pre)
₹6.74
 
EPS (Post)
₹4.96
 
UPI Deadline
5:00 PM on 01 Oct 2026
Mandate
GMP
+₹91
+77.12% est.
Anchor AllotmentMon, 28 Sep 2026
Basis of AllotmentMon, 05 Oct 2026
Refund InitiationTue, 06 Oct 2026
Demat CreditTue, 06 Oct 2026
Listing DayWed, 07 Oct 2026
UPI Mandate Deadline5:00 PM on 01 Oct 2026
Sale TypeFresh capital only
Net Offer to Public27,33,600 shares (agg. up to ₹32 Cr)
Market Maker Quota1,46,400 shares (agg. up to ₹2 Cr)
Fresh Issue Shares27,33,600 shares (agg. up to ₹32 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Vans Electroengineerings Ltd IPO subscribed 1.02 times overall. Retail: 675.16x. QIB: 113.37x. NII: 1,032.51x. By 01 Oct 2026.
QIB
113.37x
Over
NII/HNI
1,032.51x
Over
Retail
675.16x
Over
Total
1.02x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
146,400
— ₹1.73
QIB
Over 113.37x
1,341,600
— ₹15.83
NII / HNI
Over 1,032.51x
403,200
— ₹4.76
Retail
Over 675.16x
940,800
— ₹11.10
Total 1.02x
48,000
100% ₹0.57
IPO Shares Offered
Vans Electroengineerings Ltd IPO total issue size: ₹0.57 Cr. Retail: ₹11.10 Cr. QIB: ₹15.83 Cr. NII: ₹4.76 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 1,341,600 ₹15.83
2,795.00%
Market Maker 146,400 ₹1.73
305.00%
NII 403,200 ₹4.76
840.00%
Retail 940,800 ₹11.10
1,960.00%
Total 48,000 ₹0.57
100.00%
* Based on upper price band ₹118 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) — — — — — 403,200 940,800 1,344,000
Allotment price (₹) 118 118 118 118 118 118 118 118
No. of applications — — — — — — — —
No. of shares applied — — — — — — — —
Amount collected (₹Cr) — — — — — — ₹11.10 ₹11.10
Times subscribed 113.37x — — — — 1,032.51x 675.16x 1.02x
Shares allotted — — — — — 403,200 940,800 1,344,000
No. of allottees — — — — — — — —
* Upper price band ₹118 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
1,200
Shares per Lot
Issue Price
₹118.00
Upper Band
Min Investment
₹141,600
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)22,400₹283,200
Retail (Max — 13 Lots)1315,600₹1,840,800
S-HNI (Min — 14 Lots)1416,800₹1,982,400
B-HNI (Min — 68 Lots)6881,600₹9,628,800
* Issue Price ₹118 × Lot Size 1,200 shares
IPO Schedule
Anchor
28 Sep 2026
✓ Done
IPO Open
29 Sep 2026
✓ Done
IPO Close
01 Oct 2026
✓ Done
Allotment
05 Oct 2026
✓ Done
Refunds
06 Oct 2026
✓ Done
Demat Credit
06 Oct 2026
✓ Done
Listing Day
07 Oct 2026
✓ Done
Vans Electroengineerings Ltd — Live Price LIVE
₹118.00
INR · BSE
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Issue ₹118.00 GMP: +₹91 Live Price
About Vans Electroengineerings Ltd
Incorporated in February 2022, VANS Electroengineerings Limited is engaged in the manufacturing and supply of components used in traction power supply and overhead equipment systems for Indian railway electrification infrastructure, metro systems and renewable energy applications. Its products are primarily supplied to Indian Railways and railway contractors, and the Company operates from its registered office and manufacturing facility in Salem, Tamil Nadu.The Company manufactures Single Pole and Double Pole Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs) for applications including traction substations, sectioning posts, feeding posts and other railway electrification systems. Its product portfolio includes products approved by the Research Designs and Standards Organization (RDSO), and the Company has received approvals from the Central Organization for Railway Electrification (CORE), including “Approved Vendor” status for certain products.The Company’s manufacturing facility is equipped with machinery including busbar multi-processing and horizontal bandsaw machines, along with in-house testing and quality control infrastructure. It also engages with the Korea Electrotechnology Research Institute (KERI), South Korea and Central Power Research Institute (CPRI), Bengaluru for product testing and compliance with standards including IEC 62505-1:2016 and IEC 62271-100/2017-07. These capabilities support the development and supply of products for railway, metro, industrial and special applications.The Company is supported by promoters and management with experience across electrical and electronics engineering, railway infrastructure, switchgear manufacturing and industrial manufacturing. Its operations are focused on product development, engineering, manufacturing, quality control, sales and supply chain management.As of August 31, 2026, the Company had 33 employees across manufacturing, product development, quality control, finance and accounting, administration and operations, and purchase and stores.Competitive StrengthsNiche Market Focus with Quality and Timely Delivery.Established Customer Base and Geographical Footprint.Quality Assurance Standards and RDSO-Approved Products.Core Engineering and Integrated Engineering, Assembly and Testing Capabilities.
Objects of the Issue
1
To Meet Working Capital Requirements of the Company
2
General Corporate Purpose
Vans Electroengineerings Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹2.8
31 Mar 2024
₹13.8
31 Mar 2025
₹23.2
31 Mar 2026
Profit After Tax (PAT)
₹0.0
31 Mar 2024
₹1.7
31 Mar 2025
₹5.4
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 23.19 13.82 2.76
EBITDA 7.23 2.48 0.02
Profit After Tax (PAT) 5.39 1.73 0.02
Net Worth 9.17 3.78 1.05
Total Assets 16.85 5.34 6.57
Reserves & Surplus 7.17 1.78 0.05
Borrowings 2.55 1.20 5.17
EBITDA Margin (%) 31.63 — —
PAT Margin (%) 23.61 — —
P/BV Ratio
10.30
RoE
83.27
RoCE
63.96
RoNW
58.79
PAT Margin
23.61
EBITDA Margin
31.63
Debt/Equity
0.28
Issue Structure & Shareholding
Total Shares Offered28,80,000
Net Offer to Public27,33,600 shares (agg. up to ₹32 Cr)
Reserved for Market Maker1,46,400 shares (agg. up to ₹2 Cr)
Pre-Issue Promoter Holding80,00,000 shares
Post-Issue Promoter Holding1,08,80,000 shares
P/BV Ratio10.30
RoE83.27
RoCE63.96
Debt / Equity0.28
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Hem Securities Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Vans Electroengineerings Ltd IPO subscribed? ▲

Vans Electroengineerings Ltd IPO is subscribed 1.02 times by Oct 01, 2026. Retail: 675.16x. QIB: 113.37x. NII: 1,032.51x.

Investor CategorySubscription
Qualified Institutional (QIB)113.37x
Non Institutional (NII/HNI)1,032.51x
Retail Individual675.16x
Total Subscription1.02x
What is Vans Electroengineerings Ltd IPO retail subscription status? ▼

The Vans Electroengineerings Ltd IPO retail category is subscribed 675.16 times as of 01 Oct 2026. The retail portion is oversubscribed.

How to subscribe Vans Electroengineerings Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 29 Sep 2026 and closes 01 Oct 2026. Min investment: ₹141,600 (1 lot = 1,200 shares). UPI mandate: 5:00 PM on 01 Oct 2026.

How many times Vans Electroengineerings Ltd IPO subscribed? ▼

The Vans Electroengineerings Ltd IPO subscribed 1.02x overall. QIB: 113.37x, NII: 1,032.51x, Retail: 675.16x. Applications: from NSE/BSE.

How to check Vans Electroengineerings Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Oct 2026. Refunds: on 06 Oct 2026.

When Vans Electroengineerings Ltd IPO will be listed? ▼

The Vans Electroengineerings Ltd IPO listing date is 07 Oct 2026, Wednesday. Listed on: BSE SME. Issue price: ₹118. Estimated listing: ₹209. GMP: +₹91.

When Vans Electroengineerings Ltd IPO close? ▼

The Vans Electroengineerings Ltd IPO closes on 01 Oct 2026, Thursday. UPI mandate: 5:00 PM on 01 Oct 2026. Allotment: 05 Oct 2026. Listing: 07 Oct 2026.