Vans Electroengineerings

Vans Electroengineerings

LISTED

IPO Date: 29 Sept - 1 Oct 2026

Listing Date: 7 Oct 2026

Price Range

₹112 to ₹118

Issue Size

34 Cr

Min Investment

₹2,68,800

2 lots minimum (SEBI rule for SME)

Min Application

2400 Shares

1200 per lot × 2

View IPO Document

Schedule of Vans Electroengineerings

  1. Issue open date

    29 Sept 2026

  2. Issue close date

    1 Oct 2026

  3. UPI mandate deadline

    1 Oct 2026 (5 PM)

  4. Allotment finalization

    5 Oct 2026

  5. Share credit

    6 Oct 2026

  6. Listing date

    7 Oct 2026

  7. Mandate end date

    16 Oct 2026

Issue size

Funds Raised in the IPOAmount
Overall34 Cr
Fresh Issue28.8 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date5 Oct 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
7 Oct 2026Latest₹118₹103₹221(+87.29%)
6 Oct 2026₹118₹103₹221(+87.29%)
5 Oct 2026₹118₹102₹220(+86.44%)
4 Oct 2026₹118₹70₹188(+59.32%)
3 Oct 2026₹118₹70₹188(+59.32%)
2 Oct 2026₹118₹70₹188(+59.32%)
1 Oct 2026₹118₹70₹188(+59.32%)
30 Sept 2026₹118₹85₹203(+72.03%)
29 Sept 2026₹118₹90₹208(+76.27%)
28 Sept 2026₹118₹45₹163(+38.14%)
27 Sept 2026₹118₹45₹163(+38.14%)
26 Sept 2026₹118₹45₹163(+38.14%)

Performance Vans Electroengineerings

Issue PriceListing GainCurrent Market PriceP/L
₹112 to ₹118....₹ 440272.88%

About Vans Electroengineerings

VANS Electroengineerings Limited manufactures and supplies electrical components used in railway electrification, traction power supply and overhead equipment (OHE) systems. Its products are also used in metro networks and selected renewable-energy applications. The company operates an integrated manufacturing and testing facility at SIDCO Women’s Industrial Estate, Salem, Tamil Nadu, covering assembly, high-voltage integration, testing and quality control. Its major products include vacuum circuit breakers, vacuum interrupters, OHE components and braided flexible connectors, with Indian Railways and railway contractors forming its primary customer base.

Founded in2022
Managing directorBalakrishnan Srinivasan
Parent organization

Financial Overview

Strengths

4
  1. 1

    Strong railway-infrastructure exposure. Its products are used in traction power supply and OHE systems, directly linking the company to railway and metro electrification projects.

  2. 2

    Specialised product portfolio. Vacuum circuit breakers, vacuum interrupters and other railway electrical components require technical manufacturing capabilities and compliance with industry specifications.

  3. 3

    Integrated manufacturing facility. The Salem facility performs manufacturing, assembly, high-voltage integration, testing and dispatch in-house, providing greater control over production and quality.

  4. 4

    Rapid recent growth. Revenue from operations increased from about ₹2.60 crore in FY2024 to ₹13.56 crore in FY2025 and ₹22.84 crore in FY2026, according to reported IPO data.

Risks

4
  1. 1

    Customer concentration. The company's products are primarily supplied to Indian Railways and railway contractors, creating significant dependence on railway-related orders and project spending.

  2. 2

    Government-order dependence. A substantial portion of its business is linked to contracts and procurement by Indian Railways, where tender cycles, project delays or changes in government spending can affect revenue.

  3. 3

    Limited operating history. The company was incorporated only in 2022, giving it a relatively short operating track record compared with established electrical-equipment manufacturers.

  4. 4

    Single manufacturing facility. Manufacturing is concentrated at its Salem facility, so significant disruption caused by equipment failure, fire, natural events or other operational issues could affect production and deliveries.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)281.65
Non-Institutional Investors (NIIs)1031.87
Retail Individual Investors (RIIs)686.32
Employee0.95
Total443.81