Vans Electroengineerings IP0 Logo

Vans Electroengineerings IP0

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Sep 29 to Oct 01 2026
Price Band ₹112 - 118
Current GMP ₹224.2 (+90%)
Subscription 577.67 times

IPO Details

IPO Date
29 Sep to 1 Oct, 2026
Listed on
Wed, Oct 7, 2026
Face Value
₹ 10 per share
Price Band
₹112 to ₹118
Issue Price
₹118 per share
Lot Size
1,200 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
28,80,000 shares (agg. up to ₹ 34 Cr)
Reserved for Market Maker
1,46,400 shares (agg. up to ₹ 2 Cr) Hem Finlease Pvt.Ltd.
Fresh Issue (Ex Market Maker)
27,33,600 shares (agg. up to ₹ 32 Cr)
Net Offered to Public
27,33,600 shares (agg. up to ₹ 32 Cr)
Share Holding Pre Issue
80,00,000 shares
Share Holding Post Issue
1,08,80,000 shares
BSE Script Code
544971
ISIN
INE2SO401011

IPO Subscription Details

Anchor
1
Market Maker
1
QIB (Ex Anchor)
281.65
NII***
787.53
bNII (> ₹10L)
1,183.00
sNII (< ₹10L)
737.56
Individual Investors
686.32
Employees
0.95
Total **
577.67

Day Wise Sub

DaySep 2 9 (Day 1)
QIB (Ex Anchor)0.00
NII*2.10
NII (> ₹10L)1.76
NII (< ₹10L)2.76
Individual Investors4.55
EMP0.08
Total2.66
DaySep 3 0 (Day 2)
QIB (Ex Anchor)0.03
NII*71.87
NII (> ₹10L)68.65
NII (< ₹10L)78.12
Individual Investors101.85
EMP0.38
Total64.69
DayOct 1 (Day 3)
QIB (Ex Anchor)281.65
NII*787.53
NII (> ₹10L)1,183.00
NII (< ₹10L)737.56
Individual Investors686.32
EMP0.95
Total577.67

Day Wise GMP

GMP Date07-10-2026
IPO Price118
GMP103 (87.29%)
Est. Listing Price221
GMP Date06-10-2026
IPO Price118
GMP103 (87.29%)
Est. Listing Price221
GMP Date05-10-2026
IPO Price118
GMP103 (87.29%)
Est. Listing Price221
GMP Date04-10-2026
IPO Price118
GMP70 (59.32%)
Est. Listing Price188
GMP Date03-10-2026
IPO Price118
GMP70 (59.32%)
Est. Listing Price188
GMP Date02-10-2026
IPO Price118
GMP70 (59.32%)
Est. Listing Price188
GMP Date01-10-2026
IPO Price118
GMP70 (59.32%)
Est. Listing Price188
GMP Date30-09-2026
IPO Price118
GMP85 (72.03%)
Est. Listing Price203
GMP Date29-09-2026
IPO Price118
GMP90 (76.27%)
Est. Listing Price208
GMP Date28-09-2026
IPO Price118
GMP45 (38.14%)
Est. Listing Price163
GMP Date27-09-2026
IPO Price118
GMP45 (38.14%)
Est. Listing Price163
GMP Date26-09-2026
IPO Price118
GMP45 (38.14%)
Est. Listing Price163

IPO Important Dates

IPO Open
Tue, Sep 29, 2026
IPO Close
Thu, Oct 1, 2026
Allotment
Mon, Oct 5, 2026
Refund
Tue, Oct 6, 2026
Credit of Shares
Tue, Oct 6, 2026
Listing
Wed, Oct 7, 2026

IPO Lot Size

ApplicationIndividual investors (IND) (Min)
Lots2
Shares2400
Amount₹2,83,200
ApplicationIndividual investors (IND) (Max)
Lots2
Shares2400
Amount₹2,83,200
ApplicationS-HNI (Min)
Lots3
Shares3600
Amount₹4,24,800
ApplicationS-HNI (Max)
Lots7
Shares8400
Amount₹9,91,200
ApplicationB-HNI (Min)
Lots8
Shares9600
Amount₹11,32,800
ApplicationEmployee (Min)
Lots2
Shares2,400
Amount₹2,83,200
ApplicationEmployee (Max)
Lots3
Shares3,600
Amount₹4,24,800

Financial Information

Period EndedAssets
31 Mar 202616.85
31 Mar 20255.34
31 Mar 20246.57
Period EndedTotal Income
31 Mar 202623.19
31 Mar 202513.82
31 Mar 20242.76
Period EndedProfit After Tax
31 Mar 20265.39
31 Mar 20251.73
31 Mar 20240.02
Period EndedEBITDA
31 Mar 20267.23
31 Mar 20252.48
31 Mar 20240.02
Period EndedNET Worth
31 Mar 20269.17
31 Mar 20253.78
31 Mar 20241.05
Period EndedReserves and Surplus
31 Mar 20267.17
31 Mar 20251.78
31 Mar 20240.05
Period EndedTotal Borrowing
31 Mar 20262.55
31 Mar 20251.20
31 Mar 20245.17

Key Performance Indicator

ROE
83.27%
ROCE
63.96%
Debt/Equity
0.28
RoNW
58.79%
PAT Margin
23.61%
EBITDA Margin
31.63%
NAV
11.46
P/B (x)
10.30

IPO Reservation

QIB
13,41,600
− Anchor Investor
8,04,000
− QIB (Ex. Anchor)
5,37,600
NII (HNI)
4,03,200
− bNII > ₹10L
2,66,400
− sNII < ₹10L
1,36,800
Retail
9,40,800
Employee
48,000
Market Maker
1,46,400
Total
28,80,000

Information about company

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 Strengths

Objectives of IPO

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: #: Issue Objects 1: To meet working capital requirements of the company 2: General corporate purpose : Total

Disclaimer

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