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Latest GMP
- Lead Manager
- Hem Securities Limited
- IPO Registrar
- Bigshare Services Private Limited
- IPO Open Date
- 29th Sep 2026
- IPO Close Date
- 1st Oct 2026
- Allotment date
- 5th Oct 2026
- Listing date
- 7th Oct 2026
- Issue Size
- ₹ 34 Cr.
- Issue Price Band
- ₹ 112 to 118
- Lot Size
- 1200 Share
- Minimum Investment
- ₹ 283200
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About VANS Electroengineerings Limited
Incorporated in February 2022, 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, metro systems, and renewable energy infrastructure.
The company specializes in manufacturing Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs), including single-pole and double-pole variants, which are supplied primarily to Indian Railways and railway electrification contractors.
Manufacturing Facility & Quality
The company operates a manufacturing facility in Salem, Tamil Nadu, equipped with advanced manufacturing, in-house testing, and quality control infrastructure.
Its products are approved by the Research Designs and Standards Organization (RDSO) and comply with international standards through testing conducted by institutions such as KERI (South Korea) and CPRI (Bengaluru).
Supported by experienced promoters and a technically qualified management team, the company focuses on engineering excellence, product quality, and timely delivery.
Workforce
As of May 31, 2026, VANS Electroengineerings employed 28 personnel across manufacturing, product development, quality control, finance, administration, and procurement functions.
Competitive Strengths
- Specialized manufacturer of railway electrification and traction power equipment
- RDSO-approved products with strong quality assurance and international testing standards
- Integrated engineering, manufacturing, assembly, and in-house testing capabilities
- Established customer base in Indian Railways and railway infrastructure sector
- Experienced promoters with expertise in electrical engineering and railway infrastructure
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 01-10-2026 | ₹118 | ₹85 | ₹203 ( 72.03% ) | ₹102,000.00 | 01-Oct-2026 09:29 AM |
| 30-09-2026 | ₹118 | ₹90 | ₹208 ( 76.27% ) | ₹108,000.00 | 30-Sep-2026 10:06 AM |
| 29-09-2026 | ₹118 | ₹45 | ₹163 ( 38.14% ) | ₹54,000.00 | 29-Sep-2026 10:10 AM |
| 28-09-2026 | ₹118 | ₹45 | ₹163 ( 38.14% ) | ₹54,000.00 | 28-Sep-2026 09:52 AM |
| 25-09-2026 | ₹118 | ₹0 | ₹118 ( 0.00% ) | ₹0.00 | 25-Sep-2026 11:00 AM |
Financials of VANS Electroengineerings Limited
A quick overview of the key Financial Performance of VANS Electroengineerings Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 68%, Profit after Tax (PAT) increased by 212%, Total Assets increased by 216% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 2.60 | 13.56 | 22.84 |
| Assets | 6.57 | 5.34 | 16.85 |
| Total Income | 2.76 | 13.82 | 23.19 |
| Profit After Tax | 0.02 | 1.73 | 5.39 |
| EBITDA | 0.02 | 2.48 | 7.23 |
| Net Worth | 1.05 | 3.78 | 9.17 |
| Reserves & Surplus | 0.05 | 1.78 | 7.17 |
| Total Borrowings | 5.17 | 1.20 | 2.55 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
2,400
₹ 2,83,200
Individual Investors (IND) (Max)
2
2,400
₹ 2,83,200
S-HNI (Min)
3
3,600
₹ 4,24,800
S-HNI (Max)
7
8,400
₹ 9,91,200
B-HNI (Min)
8
9,600
₹ 11,32,800
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 2,400 | ₹ 2,83,200 |
| Individual Investors (IND) (Max) | 2 | 2,400 | ₹ 2,83,200 |
| S-HNI (Min) | 3 | 3,600 | ₹ 4,24,800 |
| S-HNI (Max) | 7 | 8,400 | ₹ 9,91,200 |
| B-HNI (Min) | 8 | 9,600 | ₹ 11,32,800 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 83.27 |
| ROCE (%) | 63.96 |
| Debt / Equity | 0.28 |
| RoNW (%) | 58.79 |
| PAT Margin (%) | 23.61 |
| EBITDA Margin (%) | 31.63 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
6.74
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
75.75
55.7
|
IPO Lead Manager(s)
Lead Manager Details
- Hem Securities Limited
- Contact Person: Ajay Jain
- SEBI Registration Number: INM000010981
- Investor Grievance Email: redressal@hemsecurities.com
- Website: https://www.hemsecurities.com
- Email: ib@hemsecurities.com
- Phone: +91-22-4906 0000
- Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai - 400013, Maharashtra, India
IPO Registrar
- Registrar Name
- Bigshare Services Private Limited
- ipo@bigshareonline.com
- Phone
- +91 22 6263 8200
- Contact Person
- Aniket Seebag
- SEBI Registration Number
- MB/INR000001385
- Address
- S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400093, India
- Website
- https://www.bigshareonline.com/
Company Contact Details
- Company Name
- VANS Electroengineerings Limited
- Phone
- +91 9677114470 / +91 522 4558905
- Contact Person
- Ashutosh Pandey
- Corporate Identity Number
- U27104TZ2022PLC038141
- Address
- Plot 17, SIDCO Women's Industrial Estate, Karuppur, Salem - 636011, Tamil Nadu, India
VANS Electroengineerings Limited FAQs
