Vans Electroengineerings

Vans Electroengineerings SME IPO

Listed

BSE SMEOpens 29 September 2026Closes 1 October 2026

Incorporated in 2022, VANS Electroengineerings Limited is an ISO 9001:2015 certified engineering company specializing in the design, manufacture, and supply of traction power supply and overhead equipment (OHE) system…

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Live GMPSubscriptionAllotment
Price band
₹112 - ₹118
Issue size
₹33.98 Cr
Lot size
1,200 shares
Type
BSE SME
GMP
₹103 (+87.3%)
Est. listing
₹221
Est. profit / app
₹2,47,200
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹10
EPS
4.96
P/E ratio
23.79
RoNW
58.79%
ROE
83.27%
Debt / Equity
0.28
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Timeline

  1. IPO Opens

    29 Sept 2026

  2. IPO Closes

    1 Oct 2026

  3. Allotment

    5 Oct 2026

  4. Listing

    7 Oct 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date29 September 2026
IPO Close Date1 October 2026
Allotment Date5 October 2026
Listing Date7 October 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,83,200
SHNI (Min)
3₹4,24,800
SHNI (Max)
7₹9,91,200
BHNIAbove ₹10,00,000
8₹11,32,800

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)49.96%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail35.00%
Total100.00%

IPO Objectives

  • To meet working capital requirements of the company (₹25.00 Cr).
  • General corporate purpose.

Strengths

  • Strong expertise in manufacturing specialized traction power and railway electrification equipment.
  • RDSO-approved product portfolio with rigorous quality validations from internationally recognized bodies like KERI (South Korea) and CPRI.
  • End-to-end capabilities spanning engineering, manufacturing, assembly, and in-house testing at its Salem facility.
  • Rapidly scaling financial profile, with PAT growing substantially to ₹5.39 Crore in FY26 accompanied by highly attractive return metrics (ROE of 83.27%).

Weaknesses

  • High reliance on Indian Railways and government contractors; vulnerable to shifts in capital expenditure budgets or policy changes.
  • Highly working-capital intensive operations: A sharp surge in trade receivables (which increased by ₹12.75 crore in FY26) led to negative operating cash flows of ₹3.07 crore despite a jump in accounting profit.
  • The company has a relatively short operating history, having been incorporated in 2022.
  • Product concentration risk relying primarily on Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs).
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)16.855.346.57
Revenue (₹ Cr.)23.1913.822.76
PAT (₹ Cr.)5.391.730.02
Net Worth (₹ Cr.)9.173.781.05

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Vans Electroengineerings10.323.7958.79%9.17

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0.03x281.65x
NII2.1x71.87x1,031.87x
S-HNI2.76x78.12x737.56x
B-HNI1.76x68.65x1,183x
RII4.55x101.85x686.32x
EMP0.08x0.38x0.95x
Total2.66x64.69x628.73x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB5,37,60015,14,12,4001,786.67
NII4,03,20041,60,49,6004,909.39
Small NII1,36,80010,08,98,4001,190.6
Big NII2,66,40031,51,51,2003,718.78
RII9,40,80064,56,88,8007,619.13
EMP48,00045,6000.54
Total19,29,6001,21,31,96,40014,315.72
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Company Details

  • VANS Electroengineerings Limited
  • Not provided in prompt data, operates manufacturing in Salem, Tamil Nadu.

Registrar Details

  • Bigshare Services Private Limited

Frequently Asked Questions

What is the core business of VANS Electroengineerings Limited?
VANS Electroengineerings designs and manufactures traction power supply and overhead equipment (OHE) components, such as Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs), for railway electrification and metro networks.
When does the VANS Electroengineerings SME IPO open and close?
The IPO opens for subscription on Tuesday, September 29, 2026, and closes on Thursday, October 1, 2026.
What is the price band and minimum retail application size for the IPO?
The price band is fixed at ₹112.00 to ₹118.00 per share. Retail investors can bid for a minimum of 1 lot (1,200 shares), equating to a minimum investment of ₹1,41,600. However, the platform requires a minimum retail application of 2 lots (2,400 shares) equating to ₹2,83,200 at the upper price band.
What is the total issue size of the VANS Electroengineerings IPO?
The total issue size is ₹33.98 Crore, consisting entirely of a Fresh Issue of 28,80,000 equity shares of face value ₹10 each. There is no Offer for Sale (OFS).
When and where are the shares of VANS Electroengineerings scheduled to list?
The equity shares will list on the BSE SME platform on Wednesday, October 7, 2026.

Vans Electroengineerings SME IPO News & Updates

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Vans Electroengineerings SME IPO IPO Pages

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Vans Electroengineerings SME IPO Details

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Vans Electroengineerings SME IPO GMP

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Vans Electroengineerings SME IPO Subscription

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Vans Electroengineerings SME IPO Allotment

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Vans Electroengineerings SME IPO Review

SWOT, strengths, risks, and IPO review

Vans Electroengineerings SME IPO FAQ

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Vans Electroengineerings SME IPO Registrar

Registrar website and how to check allotment

Vans Electroengineerings SME IPO Timeline

Open, close, allotment, and listing dates

Vans Electroengineerings SME IPO News

Updates, blogs, and latest IPO news

Sources

We match Vans Electroengineerings SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Bigshare Services Private LimitedRegistrar details are on the allotment page for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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