Vans Electroengineerings IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
Incorporated in February 2022, VANS Electroengineerings Limited is an ISO 9001:2015 certified engineering company engaged in the design, manufacturing, and supply of traction power supply and overhead equipment (OHE) system components for Indian railway electrification, metro rail systems, and…
Open Date
Tue, 29 Sep 2026
Close Date
Thu, 01 Oct 2026
Price Band
₹ 112 – 118
Lot Size
1200
Issue Size
₹ 33.98 Cr
Minimum Investment
₹ 283,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Vans Electroengineerings IPO is set to open its Initial Public Offering (IPO) for subscription on September 29, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹33.98 Crore, comprising a fresh issue of 28.80 Lakh equity shares aggregating to ₹33.98 Crore.
The Vans Electroengineerings IPO will open for subscription on September 29, 2026, and close on October 01, 2026. The basis of allotment is expected to be finalized on October 05, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on October 07, 2026.
The company has fixed the price band at ₹112 to ₹118 per share, with a lot size of 1200 shares. Retail investors will require a minimum investment of ₹283,200 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd is the registrar to the issue. Hem Securities Ltd. are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Vans Electroengineerings IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on October 01, 2026.
Vans Electroengineerings IPO Timeline (Tentative)
- IPO Open Date
- Tue, 29 Sep 26
- IPO Close Date
- Thu, 01 Oct 26
- Basis of Allotment
- Mon, 05 Oct 26
- Initiation of Refunds
- Tue, 06 Oct 26
- Credit of Shares to Demat
- Tue, 06 Oct 26
- Listing Date
- Wed, 07 Oct 26 — BSE
Open Date
29 September 2026
Close Date
01 October 2026
Basis Of Allotment
05 October 2026
Listing Date
07 October 2026
IPO Subscription
Check Live Subscription →The Vans Electroengineerings IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 29 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,40,800 shares, representing 34.42% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,37,600 shares (19.67%), while Non-Institutional Investors (NIIs) receive 4,03,200 shares (14.75%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 804,000 | 29.41% |
| Qualified Institutions | 537,600 | 19.67% |
| Non-Institutional | 403,200 | 14.75% |
| BNII | 0 | 0% |
| SNII | 0 | 0% |
| Retail Investors | 940,800 | 34.42% |
| Employees | 48,000 | 1.76% |
| Total | 2,733,600 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 16.85 | 5.34 | 6.57 |
| Revenue | 23.19 | 13.82 | 2.76 |
| Profit After Tax | 5.39 | 1.73 | 0.02 |
| Net Worth | 9.17 | 3.78 | 1.05 |
| Reserve & Surplus | 7.17 | 1.78 | 0.05 |
| Total Borrowings | 2.55 | 1.2 | 5.17 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
VANS Electroengineerings Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 83.27 | 71.63 | 2.06 |
| ROCE % | 63.96 | 53.51 | 2.1 |
| Debt / Equity | 0.28 | 0.32 | 4.92 |
| RoNW % | 58.79 | 45.76 | 2.04 |
| Pat Margin % | 23.61 | 12.75 | 0.83 |
Peers Comparison
No Peer Comparision Available
About VANS Electroengineerings Limited
Incorporated in February 2022, VANS Electroengineerings Limited is an ISO 9001:2015 certified engineering company engaged in the design, manufacturing, and supply of traction power supply and overhead equipment (OHE) system components for Indian railway electrification, metro rail systems, and renewable energy infrastructure.
The company specializes in the manufacture of Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs), including both single-pole and double-pole variants. These products are primarily supplied to Indian Railways and leading railway electrification contractors, supporting the expansion and modernization of India's rail infrastructure.
VANS Electroengineerings operates a state-of-the-art manufacturing facility in Salem, Tamil Nadu, equipped with advanced production machinery, in-house testing facilities, and comprehensive quality control systems. Its products are approved by the Research Designs and Standards Organisation (RDSO) and have been tested for compliance with international quality and performance standards by reputed institutions such as Korea Electrotechnology Research Institute (KERI), South Korea, and the Central Power Research Institute (CPRI), Bengaluru.
The company is led by experienced promoters and a technically qualified management team with expertise in engineering, manufacturing, and project execution. It focuses on delivering high-quality, reliable, and cost-effective products while maintaining strict adherence to industry standards, timely execution, and customer satisfaction.
As of May 31, 2026, VANS Electroengineerings Limited had a workforce of 28 employees, comprising professionals across manufacturing, product development, quality assurance, finance, administration, procurement, and other support functions. The company continues to strengthen its capabilities through technological innovation, stringent quality practices, and a customer-centric approach, positioning itself as a trusted partner in India's railway electrification and power infrastructure sectors.
Vans Electroengineerings IPO Promoters
- Balakrishnan Srinivasan
- Viraj Bansal
- Abhishek Saraff
- Nitin Jain
- Pooja Bansal
- Hotspot Infodot Pvt.Ltd.
Promoters Holding
Holding Pre Issue
90.75%
Holding Post Issue
66.73%
Vans Electroengineerings IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
To Meet Working Capital Requirements of the Company
General Corporate Purpose
VANS Electroengineerings Limited Address / Contact Details
Vans Electroengineerings Ltd.
Plot 17
SIDCO Women's Industrial Estate
Karuppur
Salem, Tamil Nadu, 636011
Tel No: +91 9677114470/ +91 5224558905
E-mail: cs@vanselectroengineerings.com
Website: https://vanselectroengineerings.com/
IPO Snapshot
Vans Electroengineerings IPO Lot Size
The Vans Electroengineerings IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,83,200 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,83,200.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 283,200.00 |
| Retail (Max) | 2 | 2,400 | 283,200.00 |
| S-HNI (Min) | 3 | 3,600 | 424,800.00 |
| S-HNI (Max) | 7 | 8,400 | 991,200.00 |
| B-HNI (Min) | 8 | 9,600 | 1,132,800.00 |
Issue Reservation
- Anchor Investors — 29.41%
- QIB — 19.67%
- NII — 14.75%
- RII — 34.42%
- EMP — 1.76%
Book Running Lead Managers
- Hem Securities Ltd.
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Vans Electroengineerings IPO?
Vans Electroengineerings IPO is a Book-building IPO with a total issue size of ₹33.98 crore. The Vans Electroengineerings IPO price band is ₹112 to 118 per share. The Vans Electroengineerings IPO subscription opens on Tue, Sep 29, 2026, and closes on Thu, Oct 1, 2026. The Vans Electroengineerings IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Vans Electroengineerings IPO.
When will the Vans Electroengineerings IPO open for subscription?
The Vans Electroengineerings IPO opens on Tue, Sep 29, 2026 and closes on Thu, Oct 1, 2026
What is Vans Electroengineerings IPO Price Band?
Vans Electroengineerings IPO Price Band is ₹112 to 118 per share.
What is Vans Electroengineerings IPO Lot Size?
Vans Electroengineerings IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹283200 based on the upper price band
What is the minimum investment for Vans Electroengineerings IPO?
The minimum investment for Vans Electroengineerings IPO is ₹283200, based on one lot of 1200 shares at the upper price band of ₹118 per share.
How to apply for Vans Electroengineerings IPO?
Investors can apply for the Vans Electroengineerings IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Oct 1, 2026. The application amount remains blocked until the Vans Electroengineerings IPO allotment is finalized.
What is Vans Electroengineerings IPO Issue Size?
Vans Electroengineerings IPO issue size is ₹33.98 crores.
What is the Vans Electroengineerings IPO Allotment Date?
Vans Electroengineerings IPO allotment date is Mon, Oct 5, 2026.
Who is the Vans Electroengineerings IPO Registrar?
The registrar for Vans Electroengineerings IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Vans Electroengineerings IPO allotment status, refund processing, and other IPO-related information.
Who is the Vans Electroengineerings IPO Lead Manager?
The book-running lead managers (BRLMs) for the Vans Electroengineerings IPO are Hem Securities Ltd.. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Vans Electroengineerings IPO Red Herring Prospectus (RHP).