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Home/IPO/Vans Electroengineerings IPO
Updated: 29-Sep 22:37
Vans Electroengineerings

Vans Electroengineerings IPO

OpenBSE SME

Listing at: BSE SME • Plot 17SIDCO Women's Industrial EstateKaruppurSalem, Tamil Nadu, 636011

Allotment status Not declared yet

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

Live GMP Today
₹90 (76.27%)
Rating:5/5
Est. Listing Price
₹208
Est. Gain: +76.3%
Est. Profit / Lot
₹1,08,000
Per Retail Application
Price Band
₹118
Face Value: ₹10
Min. Retail Inv.
₹1,41,600
Lot: 1200 Shares
Total Subscription
2.66x
Anchor: Yes

Vans Electroengineerings IPO GMP History

Genuine daily snapshots retained by the WeeStox backend

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

GMP dateIPO priceGMPPremiumEst. profit / lotSubscriptionMovement
29 Sept 2026₹118+₹9076.27%+₹1,08,0002.66x↑ Up
28 Sept 2026₹118+₹4538.14%+₹54,000-Flat
27 Sept 2026₹118+₹4538.14%+₹54,000-↑ Up
26 Sept 2026₹118+₹1815.25%+₹21,600-↑ Up
25 Sept 2026₹118₹00.00%+₹0-Flat
24 Sept 2026₹118₹00.00%+₹0-Flat

Explore the complete GMP movement

Open the chart and all available daily records.

Vans Electroengineerings IPO Details

IPO Date29 Sept 2026 to 01 Oct 2026
Listing AtBSE SME
Face Value₹10 per share
Price Band₹118
Lot Size1200 Shares
Total Issue Size₹33.98 Cr(₹1,255.57 Cr)
Fresh Issue28.80L shares (₹32 Cr)
Offer for Sale (OFS)Nil
Issue TypeSME Issue

Vans Electroengineerings IPO Timetable

IPO Open Date29 Sept 2026
IPO Close Date01 Oct 2026
Basis of Allotment05 Oct 2026
Initiation of Refunds06 Oct 2026
Credit of Shares to Demat06 Oct 2026
Listing Date07 Oct 2026
Cut-off time for UPI Mandate5 PM on 01 Oct 2026
Employee Discount₹20.00/share (Up to 52,083 shares)

Vans Electroengineerings IPO Reservation

CategoryReservationShares Offered
QIB Shares Offered49.96%13,41,600
− Anchor Investor Shares Offered–8,04,000
− QIB (Ex. Anchor) Shares Offered–5,37,600
NII (HNI) Shares Offered15.01%4,03,200
Retail Shares Offered35.03%9,40,800
Employee Shares Offered–48,000
Market Maker Shares Offered–1,46,400

Vans Electroengineerings Anchor Details

PDF
Anchor Bid Date28 Sept 2026
Anchor Shares Offered8,04,000 Shares
Total Anchor Portion₹9.49 Cr
Lock-in 50% End Date04 Nov 2026 (30 Days)
Lock-in Rem. 50% Date03 Jan 2027 (90 Days)

Vans Electroengineerings IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)Reserved Applications
Individual investors (IND) (Min)2 Lots Shares₹2,83,200–
Individual investors (IND) (Max)2 Lots Shares₹2,83,200–
S-HNI (Min)3 Lots Shares₹4,24,800–
S-HNI (Max)7 Lots Shares₹9,91,200–
B-HNI (Min)8 Lots Shares₹11,32,800–
Employee (Min)2 Lots Shares₹2,83,200–
Employee (Max)3 Lots Shares₹4,24,800–

Vans Electroengineerings Promoter Holding

Pre-Issue HoldingDisclosed in RHP
Post-Issue HoldingTo be calculated

Vans Electroengineerings IPO Live Subscription Status

Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost
Overall Demand:2.66x
03:30 am
Investor CategoryShares OfferedShares BiddedSubscription Times

Vans Electroengineerings Limited Financial Information (Restated Consolidated in ₹ Crores)

Period EndedAssetsTotal IncomeProfit After TaxEBITDANet WorthTotal Borrowing
31 Mar 2026₹16.85 Cr₹23.19 Cr₹5.39 Cr₹7.23 Cr₹9.17 Cr₹2.55 Cr
30 Mar 2026₹16.85 Cr₹23.19 Cr₹5.39 Cr₹7.23 Cr₹9.17 Cr₹2.55 Cr
31 Mar 2025₹5.34 Cr₹13.82 Cr₹1.73 Cr₹2.48 Cr₹3.78 Cr₹1.20 Cr
30 Mar 2025₹5.34 Cr₹13.82 Cr₹1.73 Cr₹2.48 Cr₹3.78 Cr₹1.20 Cr
31 Mar 2024₹6.57 Cr₹2.76 Cr₹0.02 Cr₹0.02 Cr₹1.05 Cr₹5.17 Cr
30 Mar 2024₹6.57 Cr₹2.76 Cr₹0.02 Cr₹0.02 Cr₹1.05 Cr₹5.17 Cr

Vans Electroengineerings Key Valuation & Financial KPIs

ROE83.27%
ROCE63.96%
Debt / Equity0.28x
P/E (Post IPO)23.79
EBITDA Margin31.63%
Market Cap₹128.4 Cr

Vans Electroengineerings IPO Analysis

Review the company's key advantages and material business risks.

Strengths & Positives

Competitive advantages and operational merits

  • VANS Electroengineerings Limited was originally incorporated as VANS Electroengineerings Private Limited on February 07, 2022, under the Companies Act, 2013, with its registered office in India. The Company was converted into a Public Limited Company pursuant to a Special Resolution passed on May 06, 2026, and was renamed VANS Electroengineerings Limited on May 21, 2026.

  • The Company is an Indian engineering and technology company focused on electrical and power solutions for critical infrastructure, with expertise in switchgear, vacuum technology and railway electrification.

  • Its product portfolio includes Double Pole VCBs, Vacuum Interrupters and Loco VCBs, while RMUs and Vacuum Bottles are under development. These products cater to the requirements of Indian Railways, power distribution, industrial and infrastructure customers.

  • VANS focuses on indigenous manufacturing, engineering excellence, quality and continuous innovation, with the objective of developing reliable and high-performance solutions for the switching and power infrastructure ecosystem.

  • Niche Market Focus: Focuses on Vacuum Circuit Breakers and Vacuum Interrupters for Indian Railways’ 25kV traction requirements, supported by 10+ years of leadership experience and high regulatory entry barriers.

  • Integrated Engineering Capabilities: Has in-house design, development, engineering, assembly, testing and validation capabilities for VCBs and VIs, enabling faster design iterations and strong quality control.

  • Established Customer Base: Consistent delivery as per quality standards and customer specifications has supported long-term customer relationships, revenue visibility, demand forecasting and inventory optimisation.

  • Stringent Quality & Delivery Obligations: Failure to meet prescribed quality, performance, technical specifications or delivery commitments may lead to claims, penalties, order cancellations and reputational damage.

  • Stringent Railway Procurement & Compliance: Dependence on standardized railway procurement procedures, technical specifications, inspections, vendor registration and contractual requirements prescribed by authorities such as the Ministry of Railways, Railway Board, RDSO and metro rail corporations may limit commercial flexibility and increase operational obligations.

About Vans Electroengineerings Limited

Vans Electroengineerings IPO is a book build issue of ₹33.98 crores. The issue is entirely a fresh issue of 28.80 lakh shares of ₹33.98 crore.Vans Electroengineerings IPO opens for subscription on Sep 29, 2026 and closes on Oct 1, 2026. The allotment for the Vans Electroengineerings IPO is expected to be finalized on Oct 5, 2026. Vans Electroengineerings IPO will list on the BSE SME with a tentative listing date fixed as Oct 7, 2026.Vans Electroengineerings IPO is set issue price band at ₹112 to ₹118 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,83,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹4,24,800.Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd.Refer to Vans Electroengineerings IPO RHP for detailed Information.

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. • Niche 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.

Shariah Compliance Screening (AAOIFI Standard 21)

Business ActivityRequires ReviewImpermissible Revenue ≤ 5%
Debt-to-Assets Ratio15.13%Threshold ≤ 33% of Assets
Purification GuidanceStandard 0.5%Donate interest dividend fraction
Auditor Notes: Sector information not available — cannot screen business activity

Vans Electroengineerings IPO Documents & Reports

Official prospectus, reports and regulatory filings
Document TitleAuthority / HostStatusAction
Red Herring Prospectus (RHP)
Complete offer document filed with ROC & SEBI
SEBI / ROCAvailable View RHP
Draft Red Herring Prospectus (DRHP)
Initial regulatory draft submitted for public comments
SEBI FilingsFiled View DRHP
Anchor Investor Allocation Report
Allotment list to institutional bidders
BSE / NSE CircularDisclosed Anchor PDF
IPO Allotment Status & Basis of Allotment
Registrar query portal via PAN / Application No.
Bigshare ServicesLive Portal Check Allotment
Corporate Website & Investor Relations
Official portal and financial reports
Issuer PortalActive Visit Portal

Vans Electroengineerings IPO Registrar & Lead Managers

Registrar of the Issue
Bigshare Services
8657578989/8069219065/8069219060
Book Running Lead Managers (BRLM)
  • Hem Securities Ltd.
Registered Office

Plot 17SIDCO Women's Industrial EstateKaruppurSalem, Tamil Nadu, 636011