Vans Electroengineerings Ltd IPO
VANS Electroengineerings Limited, incorporated in February 2022, manufactures and supplies components used in railway electrification, metro systems, and renewable energy projects.
IPO GMP
+₹90
+76% expected gain
Price Band
₹112 - ₹118
Lot Size
2400 shares
Min Investment
₹2,83,200
Listing Date
October 7, 2026
About Vans Electroengineerings Ltd
Company overview, business, and key facts.
VANS Electroengineerings Limited, incorporated in February 2022, manufactures and supplies components used in railway electrification, metro systems, and renewable energy projects.
Moreover, its main customers include Indian Railways and railway contractors. The company has 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) used in railway electrification systems, including traction substations, sectioning posts and feeding posts. Its products are approved by RDSO, and some products have also received “Approved Vendor” status from CORE.
Founded
2022
Headquarters
Salem, Tamil Nadu
Promoters
Balakrishnan Srinivasan, Viraj Bansal, Abhishek Saraff, Nitin Jain, Pooja Bansal, Hotspot Infodot Pvt
Website
https://vanselectroengineerings.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Vans Electroengineerings Ltd IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹128.4 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
23.8x
Price to sales
5.54x
Revenue growth, 2026
+67.8%
189.9% a year over the period
Profit growth, 2026
+211.6%
1541.6% a year over the period
Profit margin (PAT)
23.2%
EBITDA margin 31.63%
ROE / ROCE
83.27% / 63.96%
As published in the offer document
Debt to equity
0.28
Promoter holding
90.75% → 66.73%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹2,16,000
2400 shares on ₹2,83,200. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 23.2% in 2026.
- Profit grew 211.6% in 2026.
- GMP has been rising over the last three readings.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison, published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Vans Electroengineerings Ltd's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Vans Electroengineerings Ltd IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Vans Electroengineerings Ltd IPO is trading at a grey market premium (GMP) of +₹90 (+76% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 347.25x overall — QIB: 73.3x, NII: 450.33x, Retail: 461.25x.
Vans Electroengineerings Ltd IPO subscription has closed. The shares are expected to list on October 7, 2026.
The minimum investment required is ₹2,83,200 for 2400 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Vans Electroengineerings Ltd IPO — Frequently Asked Questions
What is Vans Electroengineerings Ltd IPO GMP today?
Vans Electroengineerings Ltd IPO GMP (grey market premium) today is +₹90, suggesting an estimated listing gain of +76%. GMP is indicative and subject to change.
What is the price band of Vans Electroengineerings Ltd IPO?
The price band for Vans Electroengineerings Ltd IPO is ₹112 - ₹118 with a lot size of 2400 shares. The minimum investment required is ₹2,83,200.
When is Vans Electroengineerings Ltd IPO allotment date?
Vans Electroengineerings Ltd IPO allotment is expected to be finalised on October 5, 2026. You can check your allotment status on the registrar's website (Bigshare Services Pvt. Ltd.) using your PAN number.
When will Vans Electroengineerings Ltd IPO list on NSE/BSE?
Vans Electroengineerings Ltd IPO is expected to list on BSE SME on October 7, 2026.
How to check Vans Electroengineerings Ltd IPO allotment status?
To check Vans Electroengineerings Ltd IPO allotment status, visit the registrar's website (Bigshare Services Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Vans Electroengineerings Ltd IPO?
Vans Electroengineerings Ltd IPO is showing a strong GMP of +₹90 (+76%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Vans Electroengineerings Ltd IPO?
The lot size for Vans Electroengineerings Ltd IPO is 2400 shares per lot. The minimum investment for retail investors is ₹2,83,200. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.