Vans Electroengineerings IPO 2026: Date, Price Band, GMP, Lot Size & Allotment Details

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Vans Electroengineerings Limited IPO
VE
Vans Electroengineerings Limited IPO
Railway Traction Equipment · Vacuum Circuit Breakers (VCBs) · Metro Infrastructure · Salem, Tamil Nadu
📋 BSE SME IPO Fresh Issue Only BSE SME
₹118
Upper Price
₹33.98 Cr
Issue Size
Oct 7, 2026
Listing Date
₹94.40 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Tuesday, 29 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Thursday, 1 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 5 October 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 6 October 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 7 October 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date29 September 2026 (Tue)
IPO Close Date1 October 2026 (Thu)
Listing Date7 October 2026 (Wed)
Face Value₹10 per share
Price Band₹112 to ₹118
Issue Price (Upper Band)₹118 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size1,200 shares (Min App: 2 Lots / 2,400 Shares)
Total Issue Size28,80,000 shares (₹33.98 Cr)
Fresh Issue28,80,000 shares (₹33.98 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Market Maker Portion1,46,400 shares (₹1.73 Cr)
Employee Reservation48,000 shares (₹0.57 Cr)
Net Offered to Public26,85,600 shares (₹31.69 Cr)
Pre-Issue Shares80,00,000
Post-Issue Shares1,08,80,000
Promoter Holding (Pre)90.75%
Market Cap (Pre-IPO)₹94.40 Cr
Listing ExchangeBSE SME
Lead ManagerHem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹118
Investor TypeLotsSharesAmount
Retail — Minimum22,400₹2,83,200
Retail — Maximum22,400₹2,83,200
S-HNI (sNII) — Min33,600₹4,24,800
S-HNI (sNII) — Max78,400₹9,91,200
B-HNI (bNII) — Min89,600₹11,32,800
Employee — Min22,400₹2,83,200
Employee — Max33,600₹4,24,800
⚠️ Note: Investors can bid for a minimum of 2,400 shares (2 lots) and in multiples of 1,200 shares thereafter. Bidding at cut-off price is not allowed for any category. Market Maker reservation comprises 1,46,400 shares allotted to Hem Finlease Pvt.Ltd.
👥 Investor Reservation
Allocated portion of Net Offer
49.96% (13.42 L Sh)
QIB Portion
35.03% (9.41 L Sh)
Retail Portion
15.01% (4.03 L Sh)
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Standalone · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets16.855.346.57
Total Income23.1913.822.76
PAT5.391.730.02
EBITDA7.232.480.02
Net Worth9.173.781.05
Reserves & Surplus7.171.780.05
Total Borrowing2.551.205.17
Income Growth
FY 2023–24₹2.76 Cr
FY 2024–25₹13.82 Cr
FY 2025–26₹23.19 Cr
🎯 Key Performance Indicators
83.27%
ROE
FY 2025–26
0.28
Debt/Equity
FY 2025–26
63.96%
ROCE
FY 2025–26
23.61%
PAT Margin
FY 2025–26
31.63%
EBITDA Margin
FY 2025–26
58.79%
RoNW
FY 2025–26
10.30x
Price/Book
FY 2025–26
11.46
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹6.74
FY26 earnings + pre-issue shares
P/E: 17.51x
Post-IPO EPS
₹4.96
FY26 earnings + post-issue shares
P/E: 23.79x
Price to Book Value
10.30x
At upper price band ₹118
Market Cap (Pre-IPO)
₹94.40 Cr
At issue price ₹118
ℹ️ Pre-IPO EPS (₹6.74) based on pre-issue shares (80,00,000) and FY26 restated PAT (₹5.39 Cr). Post-IPO EPS (₹4.96) accounts for the dilution resulting from the issuance of 28,80,000 fresh equity shares extending the total post-issue equity to 1,08,80,000 shares. Post-IPO Market Cap expands to ₹128.38 Cr at the upper issue price of ₹118.
🎯 Objects of the Issue
Net proceeds utilisation
1
To Meet Working Capital Requirements of the Company
₹25.00 Cr
2
General Corporate Purpose
Balance
Total Fresh Issue Goal ₹33.98 Cr
🏢 About Vans Electroengineerings Ltd.
Est. 2022 · Salem, Tamil Nadu · Railway Electrification & Switchgear Manufacturing

VANS Electroengineerings Limited, incorporated in February 2022, is an engineering enterprise specializing in the design, manufacturing, and supply of mission-critical electrical equipment for traction power supply and overhead equipment (OHE) systems. The company primarily caters to Indian Railways, railway turnkey contractors, metro transit networks, and renewable energy substations from its modern manufacturing facility in Salem, Tamil Nadu.

The company’s core product line consists of Single Pole and Double Pole Vacuum Circuit Breakers (VCBs) and high-performance Vacuum Interrupters (VIs) deployed across traction substations (TSS), sectioning posts (SP), and feeding posts (FP). Its products hold critical approvals from the Research Designs and Standards Organisation (RDSO) and the Central Organisation for Railway Electrification (CORE), including “Approved Vendor” status. The Salem facility is fitted with automated busbar multi-processing equipment, horizontal bandsaws, and comprehensive in-house testing setups, with type testing verified by global and national testing institutes including KERI (South Korea) and CPRI (Bengaluru) under IEC standards. As of August 31, 2026, the company supported 33 permanent professionals across R&D, quality control, assembly, and management.

Brand Ecosystem
⚡
Vacuum Circuit Breakers (VCB)
Single and Double Pole VCBs engineered specifically for 25 kV traction substations and railway feeding posts.
🚇
Metro & Rail Electrification
Specialized overhead equipment components and vacuum interrupters meeting Indian Railways and urban metro standards.
🏭
Salem Manufacturing Facility
Modern production unit in Karuppur, Salem equipped with busbar processing, bandsaws, and integrated testing benches.
🏅
RDSO & CORE Certified
Approved vendor status with testing certifications compliant with IEC standards via CPRI and KERI.
Competitive Strengths
🏆Niche market focus serving high-entry-barrier railway traction power infrastructure and metro electrification.
📊Strong regulatory barrier with prestigious RDSO and CORE approvals facilitating direct rail contractor tenders.
🔬Advanced product testing validations backed by global institutes including KERI (South Korea) and CPRI (Bengaluru).
📈Tremendous financial growth logging a 68% jump in FY26 revenue to ₹23.19 Cr and a stellar 83.27% ROE.
Company Promoters
BS
Balakrishnan Srinivasan, Viraj Bansal & Abhishek Saraff
Promoters, Vans Electroengineerings Ltd.
NJ
Nitin Jain, Pooja Bansal & Hotspot Infodot Pvt.Ltd.
Promoters / Promoter Entity, Vans Electroengineerings Ltd.
📅 Key Dates
IPO Opens29 Sep 2026
IPO Closes1 Oct 2026
Allotment5 Oct 2026
Refund & Share Credit6 Oct 2026
Listing Day7 Oct 2026
💡 Quick Summary
Price Band₹112 – ₹118
Upper Price₹118 / share
Lot Size1,200 shares
Min. Investment (Retail)₹2,83,200 (2 Lots)
Issue Size₹33.98 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Bigshare Services Pvt.Ltd.
📞 8657578989 / 8069219065
[email protected]
Lead Manager
Hem Securities Ltd.
📍 Registered Address
Vans Electroengineerings Ltd.
Plot 17, SIDCO Women’s Industrial Estate,
Karuppur, Salem, Tamil Nadu — 636011
📞 9677114470
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Vans Electroengineerings IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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