Vinir Engineering IPO (DRHP filed)
Vinir Engineering Limited filed its draft red herring prospectus with SEBI on 7 Oct 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 7 Oct 2026
- Days since
- 11
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Vinir Engineering IPO status
Vinir Engineering Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 7 Oct 2026 |
|---|---|
| Days since filing | 11 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Vinir Engineering Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹192.46 Cr to ₹208.44 Cr, and profit after tax fell from ₹24.83 Cr to ₹24.39 Cr. The PAT margin for 31 Mar 2026 was 11.70%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 207.93 | 152.55 | 147.06 |
| Total Income | 208.44 | 192.46 | 235.11 |
| Profit After Tax | 24.39 | 24.83 | 34.66 |
| EBITDA | 39.65 | 39.68 | 52.32 |
| Net Worth | 157.86 | 132.90 | 108.54 |
| Reserve & Surplus | 115.57 | 90.60 | 94.60 |
| Total Borrowings | 18.63 | 0.00 | 13.68 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| ROE % | 16.77 | 20.56 | 32.00 |
| ROCE % | 19.15 | 25.39 | 37.92 |
| Debt / Equity | 0.12 | 0.00 | 0.12 |
| RoNW % | 15.41 | 18.56 | 31.77 |
| Pat Margin % | 11.91 | 13.07 | 15.10 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Vinir Engineering Limited | 2 | — | 1.14 | 1.14 | 15.41% | 7.42 |
| Azad Engineering Limited | 2 | 134.90 | 20.57 | 20.57 | 8.74% | 23.67 |
| MTAR Technologies Limited | 10 | 235.32 | 30.57 | 30.57 | 11.43% | 26.74 |
| Bharat Forge Limited | 2 | 89.01 | 22.58 | 22.58 | 11.40% | 19.99 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirement for purchase of advanced forging and machining plant and machinery | 149.85 |
| 2 | Funding the Working Capital Requirement of the Company | 35.00 |
| 3 | Funding inorganic growth through unidentified acquisitions and General Corporate Purposes | 0.00 |
| Total | 184.85 |
About Vinir Engineering Limited
Incorporated in August 1983, Vinir Engineering Limited is an integrated engineering solutions company engaged in manufacturing specialised, critical and heavy precision-forged and machined components for non-automotive industries, including energy, oil and gas, defence, aerospace, railways, turbines, hydraulics, earthmoving and high-end engineering.
The Company’s manufacturing capabilities include closed die forging, open die forging, ring rolling, radial forging, precision machining and in-house heat treatment. It manufactures components weighing from 20 kg to 6,000 kg using materials such as alloy steel, titanium, stainless steel, special steel, Inconel, Monel and aluminium. These components are used in critical applications such as military hardware, aircraft propulsion systems, power turbines, railway braking systems, oil and gas equipment, hydraulic systems and heavy-duty machinery.
The Company operates three manufacturing facilities located in Bengaluru, Karnataka, and Hosur and Kalukondapalli, Tamil Nadu. As of March 31, 2026, it had an aggregate installed forging capacity of 30,000 MTPA and machining capacity of 8,000 MTPA. Its operations are supported by backward integration across raw material sourcing, inspection, testing, die design and manufacturing, with a portfolio of more than 5,000 die designs.
Vinir Engineering serves customers across India and international markets, including the United States, Mexico, Spain, Malaysia, Canada, the United Kingdom and Singapore. Its business is supported by integrated manufacturing capabilities, automation-driven processes, specialised quality certifications, repeat orders and long-standing customer and supplier relationships.
As of July 31, 2026, the Company had 180 full-time employees and 270 contractual employees.
Promoters
Naresh Chandra Gupta
Nitesh Gupta
Ritesh Gupta
Contact details
Vinir Engineering Ltd.
No.104,Bommasandra Industrial Area,
Bangalore Urban, Karnataka, 560099
Phone: +91 93641 06157
Email: compliance@vinirforge.org
Website: https://vinirforge.org/
Vinir Engineering IPO FAQs
- Has Vinir Engineering IPO filed for an IPO?
- Vinir Engineering Limited filed its draft red herring prospectus (DRHP) with SEBI on 7 Oct 2026.
- When will the Vinir Engineering IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Vinir Engineering IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.