Vans Electroengineerings(C)SME
VANS Electroengineerings Limited manufactures and supplies critical components used in railway electrification, metro systems, and renewable energy projects, specializing in Single Pole and Double Pole Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs).
Price Band
₹118 - ₹118
Lot Size
2400 Shares
Issue Size
₹34.00 Cr
Fresh Issue
₹34.00 Cr
OFS
N/A
Registrar
AI Sentiment Score
Current GMP
+₹70
Est. Listing: ₹188 (+59.3%)
📅 IPO Timeline
✓
Open
Sep 29, 2026
2
Close
Oct 1, 2026
3
Allotment
Oct 5, 2026
4
Refund
Oct 6, 2026
5
Demat
Oct 6, 2026
6
Listing
Oct 7, 2026
✨ AI Analysis & Prediction
+61.8%
predicted listing gain
Vans Electroengineerings SME IPO exhibits extraordinarily high subscription numbers across all categories, backed by a strong Grey Market Premium (GMP) of ~59.32% and excellent financial metrics including rapid revenue and PAT growth.
💪 Strengths
- Stellar financial growth in revenue and net profit over the last three fiscals
- Extremely high return ratios with ROE at 83.27% and ROCE at 63.96%
- Specialized product portfolio catering to Indian Railways and metro systems with RDSO/CORE approvals
⚠️ Weaknesses
- Customer concentration risk heavily tilted toward Indian Railways and related contractors
- Small scale of operations compared to mainboard peers
🚀 Opportunities
- Massive expansion in Indian railway electrification, metro networks, and renewable energy infrastructure
- Working capital infusion via IPO proceeds to scale operations smoothly
🛡️ Threats
- Execution risks related to working capital cycles and delayed government payments
- High competition in specialized electrical component manufacturing
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| To Meet Working Capital Requirements of the Company | ₹25.00 |
| General Corporate Purpose | ₹9.00 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 2.76 Cr | Rs 13.82 Cr | Rs 23.19 Cr |
| Net Profit / PAT (₹ Cr) | Rs 0.02 Cr | Rs 1.73 Cr | Rs 5.39 Cr |
| Total Assets (₹ Cr) | Rs 6.57 Cr | Rs 5.34 Cr | Rs 16.85 Cr |
| ROE % | NA | NA | 83.27% |
| ROCE % | NA | NA | 63.96% |
| Debt / Equity | NA | NA | 0.28 |
📋 Live Subscription Status
QIB
281.65x
NII
1.00x
Retail
686.32x
Total
628.73x
Updated: Oct 2, 2026 6:35 PM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
The company has shown staggering financial growth with revenues scaling from ₹2.76 cr in FY24 to ₹23.19 cr in FY26, and PAT surging from ₹0.02 cr to ₹5.39 cr in the same timeframe. Key ratios such as ROE (83.27%) and ROCE (63.96%) highlight exceptional operating efficiency and capital allocation.
The ₹34.0 Cr SME IPO is entirely a fresh issue, indicating capital infusion directly into business growth and working capital requirements (₹25.0 cr allocated for working capital). With massive retail and institutional subscription levels and an upper price band of ₹118, the stock is poised for a robust listing.