GMP IPO Watch
Vans Electroengineerings IPO
Vans Electroengineerings IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Vans Electroengineerings IPO Details
Key facts at a glance| IPO Open Date | 28 September 2026 | IPO Close Date | 30 September 2026 |
|---|---|---|---|
| Basis of Allotment | 4 October 2026 | Listing Date | 6 October 2026 |
| Price Band | ₹112 - ₹118 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,83,200 |
| Total Issue Size | ₹33.98 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹33.98 Cr | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | Bigshare Services Pvt. Ltd. | ||
Vans Electroengineerings IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 28 September 2026 | Confirmed |
| IPO Close Date | 30 September 2026 | Confirmed |
| Basis of Allotment | 4 October 2026 | Tentative |
| Initiation of Refunds | 6 October 2026 | Tentative |
| Credit of Shares to Demat | 6 October 2026 | Tentative |
| IPO Listing Date | 6 October 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 1 October 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Vans Electroengineerings IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,83,200 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,83,200 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹4,24,800 |
| S-HNI (Max) | 7 Lots | 8,400 Shares | ₹9,91,200 |
| B-HNI (Min) | 8 Lots | 9,600 Shares | ₹11,32,800 |
Vans Electroengineerings IPO Live GMP & Movement History
Daily unofficial grey market trends₹106.2 +90.0%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 7 Oct 2026 | ₹103 | ₹221.00 | +87.29% |
| 6 Oct 2026 | ₹103 | ₹221.00 | +87.29% |
| 5 Oct 2026 | ₹70 | ₹188.00 | +59.32% |
| 3 Oct 2026 | ₹70 | ₹188.00 | +59.32% |
| 2 Oct 2026 | ₹70 | ₹188.00 | +59.32% |
| 1 Oct 2026 | ₹90 | ₹208.00 | +76.27% |
| 30 Sept 2026 | ₹90 | ₹208.00 | +76.27% |
| 29 Sept 2026 | ₹45 | ₹163.00 | +38.14% |
| 28 Sept 2026 | ₹45 | ₹163.00 | +38.14% |
Vans Electroengineerings IPO Subscription Status
Demand breakdown by investor categoryVans Electroengineerings Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 6.57 Cr. | 2.76 Cr. | 2.71 Cr. | 0.02 Cr. |
| 2025 | 5.34 Cr. | 13.82 Cr. | 11.51 Cr. | 1.73 Cr. |
| 2026 | 16.85 Cr. | 23.19 Cr. | 15.93 Cr. | 5.39 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Vans Electroengineerings IPO Valuation & KPIs
Key metrics pre-issueAbout Vans Electroengineerings
Vans Electroengineerings is engaged in manufacturing and supplying components for traction power supply and overhead equipment systems used in railway electrification infrastructure, metro systems, and renewable energy applications. The company operates a single manufacturing facility in Salem, Tamil Nadu, housing product assembly, testing infrastructure, and quality control operations. It generates revenue primarily through the sale of products to Indian Railways, supplying either directly through contracts secured via competitive bidding or indirectly through associated engineering, procurement, and construction contractors and vendors. Its key product portfolio includes double pole and single pole vacuum circuit breakers, double pole and single pole vacuum interrupters, overhead equipment, and braided flexible connectors. Operating within the electrical equipment and switchgear sector, the company manufactures products designed to meet specific technical standards and regulatory specifications prescribed by railway authorities for critical power supply and traction applications.
Vans Electroengineerings IPO Reservation & Share Quotas
The Vans Electroengineerings IPO reservation is distributed across Anchor Investors, Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The allocation provides separate share quotas for each investor category participating in the IPO.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | 8,04,000 Shares | 27.92% |
| QIB (Ex. Anchor) | 5,37,600 Shares | 18.67% |
| NII Shares Offered | 4,03,200 Shares | 14.00% |
| Retail Shares Offered | 9,40,800 Shares | 32.67% |
Note: The reservation figures above are based on the information provided for the Vans Electroengineerings IPO.
Vans Electroengineerings IPO Anchor Investors
Vans Electroengineerings completed its anchor investor bidding ahead of the IPO opening. The anchor allocation covers 8,04,000 shares, with the anchor portion carrying applicable lock-in periods for the allocated shares.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 28, 2026 |
| Shares Offered | 8,04,000 Shares |
| Anchor Size | 9.49 Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | Nov 4, 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | Jan 3, 2027 |
Note: The anchor investor details above are based on the information provided for the Vans Electroengineerings IPO.
Vans Electroengineerings IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 29 Sept 2026 |
| IPO Close Date | 01 Oct 2026 |
| Basis of Allotment | 05 Oct 2026 |
| Refunds | 06 Oct 2026 |
| Credit to Demat Account | 06 Oct 2026 |
| IPO Listing Date | 07 Oct 2026 |
Note: The timeline for വാൻസ് ഇലക്ട്രോ എഞ്ചിനീയറിംഗ് IPO is tentative and subject to change.
Vans Electroengineerings Promoters and Shareholding Pattern
The promoters of Vans Electroengineerings are Balakrishnan Srinivasan, Viraj Bansal, Abhishek Saraff, Nitin Jain, Pooja Bansal and Hotspot Infodot Pvt. Ltd. The table below shows the shareholding pattern before and after the IPO, including the promoter group and other shareholders.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 72,60,000 | 90.75% | 7,260,000 | 66.73% |
| Others* | 7,40,000 | 9.25% | 3,620,000 | 33.27% |
| Total | 80,00,000 | 100% | 10,880,000 | 100% |
Note: The holding pattern represents the shareholding position before and after the Vans Electroengineerings IPO as provided in the offer details.
Vans Electroengineerings Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Working Capital Requirement | 25 (73.57%) |
| General Corporate Purposes | 8.98 (26.43%) |
Note: Objectives are as specified in the DRHP/RHP documents of വാൻസ് ഇലക്ട്രോ എഞ്ചിനീയറിംഗ്.
Vans Electroengineerings About the IPO
VANS Electroengineerings Limited, incorporated in February 2022, manufactures and supplies components used in railway electrification, metro systems, and renewable energy projects.
Moreover, its main customers include Indian Railways and railway contractors. The company has 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) used in railway electrification systems, including traction substations, sectioning posts and feeding posts. Its products are approved by RDSO, and some products have also received “Approved Vendor” status from CORE.
Vans Electroengineerings Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 2.76 Cr. | 2.71 Cr. | 0.02 Cr. | 6.57 Cr. |
| 2025 | 13.82 Cr. | 11.51 Cr. | 1.73 Cr. | 5.34 Cr. |
| 2026 | 23.19 Cr. | 15.93 Cr. | 5.39 Cr. | 16.85 Cr. |
Note: Financial numbers for വാൻസ് ഇലക്ട്രോ എഞ്ചിനീയറിംഗ് are in ₹ Crores unless stated otherwise.
Vans Electroengineerings Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 83.27% |
| ROCE | 63.96% |
| EBITDA Margin | 31.63% |
| PAT Margin | 23.61% |
| Debt to Equity Ratio | 0.28 |
| Earning Per Share (EPS) | 6.74 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 58.79% |
| Net Asset Value (NAV) | 11.46 |
Note: Valuation KPIs for വാൻസ് ഇലക്ട്രോ എഞ്ചിനീയറിംഗ് are computed for FY2026.
Vans Electroengineerings Peer Group Comparison
To Be Updated Soon
Vans Electroengineerings Lead Managers & Merchant Bankers
- Hem Securities Ltd.
Vans Electroengineerings IPO FAQs
Vans Electroengineerings IPO opens for subscription on 28 September 2026 and closes on 30 September 2026.
The price band for Vans Electroengineerings IPO is set at ₹112.00 to ₹118.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,83,200).
The latest Grey Market Premium (GMP) for Vans Electroengineerings IPO is ₹106.20. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Vans Electroengineerings IPO is tentatively scheduled for 4 October 2026, and shares are expected to list on the stock exchanges on 6 October 2026.
Bigshare Services Pvt. Ltd. is the official registrar for Vans Electroengineerings IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.