IPO Details

Vans Electroengineerings Limited IPO

Vans Electroengineerings Limited logo
SME IPO
₹1,34,400

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Vans Electroengineerings Limited

Industry / Sector: Heavy Electrical Equipment / Railway Electrification Components

Founded Year: February 07, 2022

Promoters: Balakrishnan Srinivasan, Viraj Bansal, Abhishek Saraff, Nitin Jain, Pooja Bansal, Hotspot Infodot Pvt. Ltd.

VANS Electroengineerings Limited is an ISO 9001:2015 certified company engaged in the manufacturing and supply of traction power supply and overhead equipment system components used in Indian railway electrification infrastructure, metro systems and renewable energy applications. Its products are primarily supplied to Indian Railways and railway contractors, and the Company operates from its registered office and manufacturing facility in Salem, Tamil Nadu. The Company manufactures Single Pole and Double Pole Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs) for applications including traction substations, sectioning posts, feeding posts and other railway electrification systems. Its product portfolio includes products approved by the Research Designs and Standards Organization (RDSO), and the Company has received approvals from the Central Organization for Railway Electrification (CORE), including 'Approved Vendor' status for certain products. The Company's manufacturing facility is equipped with machinery including busbar multi-processing and horizontal bandsaw machines, along with in-house testing and quality control infrastructure. It also engages with the Korea Electrotechnology Research Institute (KERI), South Korea and Central Power Research Institute (CPRI), Bengaluru for product testing and compliance with standards including IEC 62505-1:2016 and IEC 62271-100/2017-07. As of August 31, 2026, the Company had 33 employees.

IPO Basic Details

Company NameVans Electroengineerings Limited
IPO TypeSME IPO
Price Band₹112 – ₹118
Lot Size1200 Shares
Total Issue Size28,80,000 Equity Shares (₹33.98 Cr)

IPO Strengths & Risks

Strengths

  • Niche Market Focus with Quality and Timely Delivery
  • Established Customer Base and Geographical Footprint
  • Quality Assurance Standards and RDSO-Approved Products
  • Core Engineering and Integrated Engineering, Assembly and Testing Capabilities

Risks

  • The company's railway-sector business is subject to standard tender-based procurement and regulatory risks
  • Dependence on Indian Railways and railway contractors for a significant portion of revenue
  • Working capital intensive business model
  • Competition from other approved vendors in the railway electrification segment

IPO Important Dates

IPO Open Date29 Sep 2026
IPO Close Date01 Oct 2026
Basis of Allotment05 Oct 2026
Refund Initiation06 Oct 2026
Demat Credit Date06 Oct 2026
Listing Date07 Oct 2026
Anchor Investor Date-
UPI Mandate Deadline-

IPO Objectives

  • Capital expenditure for machinery and equipment – -
  • Funding working capital requirements – -
  • Debt repayment – -
  • General corporate purposes – -

Investor Reservation

QIB Quota49.96% of Net Issue (13,41,600 shares)
Retail Quota35.03% of Net Issue (9,40,800 shares)
HNI Quota-
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum2 Lots2400₹2,83,200
Retail Maximum2 Lots2400₹2,83,200
S-HNI Minimum3 Lots3600₹4,24,800
S-HNI Maximum7 Lots8400₹9,91,200
B-HNI Minimum8 Lots9600₹11,32,800

Key Performance Indicators (KPI)

ROE83.27%
ROCE63.96%
RoNW-
PAT Margin23.61%
EBITDA Margin31.63%
EPS₹6.74 (Pre-IPO), ₹4.96 (Post-IPO)
NAV per share-
Debt to Equity0.28
P/E Ratio-
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
FY2026₹16.85 Cr₹23.19 Cr₹5.39 Cr₹7.23 Cr₹9.17 Cr₹2.55 Cr
FY2025₹5.34 Cr₹13.82 Cr₹1.73 Cr₹2.48 Cr₹3.78 Cr₹1.20 Cr
FY2024₹6.57 Cr₹2.76 Cr₹0.02 Cr₹0.02 Cr₹1.05 Cr₹5.17 Cr

Grey Market Premium

GMP Price₹45
Kostak RateNot Available
Subject to SaudaNot Available
Last Updated28 Sep 2026
Estimated Listing Price₹163 (approx. 38.14% premium over upper price band)

IPO Subscription Data

Total SubscriptionPending
QIB (Ex Anchor)Pending
HNI SubscriptionPending
Retail SubscriptionPending
Anchor-

IPO Intermediaries

Registrar: Bigshare Services Pvt. Ltd.

Registrar Website: https://www.bigshareonline.com

IPO Lead Manager(s)

Hem Securities Ltd.

Company Information

Address: Plot 17, SIDCO Women's Industrial Estate, Karuppur, Salem, Tamil Nadu - 636011

Website: https://vanselectroengineerings.com/

Email: cs@vanselectroengineerings.com

Phone: 9677114470

IPO Documents

Frequently Asked Questions (FAQ)

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