
Vans Electroengineerings IPO
OpenBSE SMEListing at: BSE SME • Plot 17SIDCO Women's Industrial EstateKaruppurSalem, Tamil Nadu, 636011
Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
Vans Electroengineerings IPO GMP History
Genuine daily snapshots retained by the WeeStox backendDisclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
| GMP date | IPO price | GMP | Premium | Est. profit / lot | Subscription | Movement |
|---|---|---|---|---|---|---|
| 29 Sept 2026 | ₹118 | +₹90 | 76.27% | +₹1,08,000 | 2.66x | ↑ Up |
| 28 Sept 2026 | ₹118 | +₹45 | 38.14% | +₹54,000 | - | Flat |
| 27 Sept 2026 | ₹118 | +₹45 | 38.14% | +₹54,000 | - | ↑ Up |
| 26 Sept 2026 | ₹118 | +₹18 | 15.25% | +₹21,600 | - | ↑ Up |
| 25 Sept 2026 | ₹118 | ₹0 | 0.00% | +₹0 | - | Flat |
| 24 Sept 2026 | ₹118 | ₹0 | 0.00% | +₹0 | - | Flat |
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Vans Electroengineerings IPO Details
| IPO Date | 29 Sept 2026 to 01 Oct 2026 |
| Listing At | BSE SME |
| Face Value | ₹10 per share |
| Price Band | ₹118 |
| Lot Size | 1200 Shares |
| Total Issue Size | ₹33.98 Cr(₹1,255.57 Cr) |
| Fresh Issue | 28.80L shares (₹32 Cr) |
| Offer for Sale (OFS) | Nil |
| Issue Type | SME Issue |
Vans Electroengineerings IPO Timetable
| IPO Open Date | 29 Sept 2026 |
| IPO Close Date | 01 Oct 2026 |
| Basis of Allotment | 05 Oct 2026 |
| Initiation of Refunds | 06 Oct 2026 |
| Credit of Shares to Demat | 06 Oct 2026 |
| Listing Date | 07 Oct 2026 |
| Cut-off time for UPI Mandate | 5 PM on 01 Oct 2026 |
| Employee Discount | ₹20.00/share (Up to 52,083 shares) |
Vans Electroengineerings IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB Shares Offered | 49.96% | 13,41,600 |
| − Anchor Investor Shares Offered | – | 8,04,000 |
| − QIB (Ex. Anchor) Shares Offered | – | 5,37,600 |
| NII (HNI) Shares Offered | 15.01% | 4,03,200 |
| Retail Shares Offered | 35.03% | 9,40,800 |
| Employee Shares Offered | – | 48,000 |
| Market Maker Shares Offered | – | 1,46,400 |
Vans Electroengineerings Anchor Details
| Anchor Bid Date | 28 Sept 2026 |
| Anchor Shares Offered | 8,04,000 Shares |
| Total Anchor Portion | ₹9.49 Cr |
| Lock-in 50% End Date | 04 Nov 2026 (30 Days) |
| Lock-in Rem. 50% Date | 03 Jan 2027 (90 Days) |
Vans Electroengineerings IPO Lot Size
| Application | Lots | Shares | Amount (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 Holding | Disclosed in RHP |
| Post-Issue Holding | To be calculated |
Vans Electroengineerings IPO Live Subscription Status
Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost| Investor Category | Shares Offered | Shares Bidded | Subscription Times |
|---|
Vans Electroengineerings Limited Financial Information (Restated Consolidated in ₹ Crores)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Total 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
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.
Shariah Compliance Screening (AAOIFI Standard 21)
Vans Electroengineerings IPO Documents & Reports
Official prospectus, reports and regulatory filings| Document Title | Authority / Host | Status | Action |
|---|---|---|---|
Red Herring Prospectus (RHP) Complete offer document filed with ROC & SEBI | SEBI / ROC | Available | View RHP |
Draft Red Herring Prospectus (DRHP) Initial regulatory draft submitted for public comments | SEBI Filings | Filed | View DRHP |
Anchor Investor Allocation Report Allotment list to institutional bidders | BSE / NSE Circular | Disclosed | Anchor PDF |
IPO Allotment Status & Basis of Allotment Registrar query portal via PAN / Application No. | Bigshare Services | Live Portal | Check Allotment |
Corporate Website & Investor Relations Official portal and financial reports | Issuer Portal | Active | Visit Portal |
Vans Electroengineerings IPO Registrar & Lead Managers
- Hem Securities Ltd.
Plot 17SIDCO Women's Industrial EstateKaruppurSalem, Tamil Nadu, 636011