
Minimum Investment
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 Name | Vans Electroengineerings Limited |
| IPO Type | SME IPO |
| Price Band | ₹112 – ₹118 |
| Lot Size | 1200 Shares |
| Total Issue Size | 28,80,000 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 Date | 29 Sep 2026 |
| IPO Close Date | 01 Oct 2026 |
| Basis of Allotment | 05 Oct 2026 |
| Refund Initiation | 06 Oct 2026 |
| Demat Credit Date | 06 Oct 2026 |
| Listing Date | 07 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 Quota | 49.96% of Net Issue (13,41,600 shares) |
| Retail Quota | 35.03% of Net Issue (9,40,800 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 2400 | ₹2,83,200 |
| Retail Maximum | 2 Lots | 2400 | ₹2,83,200 |
| S-HNI Minimum | 3 Lots | 3600 | ₹4,24,800 |
| S-HNI Maximum | 7 Lots | 8400 | ₹9,91,200 |
| B-HNI Minimum | 8 Lots | 9600 | ₹11,32,800 |
Key Performance Indicators (KPI)
| ROE | 83.27% |
| ROCE | 63.96% |
| RoNW | - |
| PAT Margin | 23.61% |
| EBITDA Margin | 31.63% |
| EPS | ₹6.74 (Pre-IPO), ₹4.96 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.28 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 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 Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 28 Sep 2026 |
| Estimated Listing Price | ₹163 (approx. 38.14% premium over upper price band) |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: https://www.bigshareonline.com
IPO Lead Manager(s)
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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