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VANS · BSE · Heavy Electrical Equipment
Vans Electroengineerings IPO closed on 01 Oct 2026 with 628.73x overall subscription . The basis of allotment is finalised on 05 Oct 2026 , and the stock will list on 07 Oct 2026 on BSE . The IPO price band was ₹112-₹118.
Vans Electroengineerings IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 29 Sep 2026 |
| IPO Close Date | 01 Oct 2026 |
| Basis of Allotment | 05 Oct 2026 |
| Initiation of Refunds | 06 Oct 2026 |
| Credit of Shares to Demat | 06 Oct 2026 |
| Listing Date | 07 Oct 2026 |
Issue Size
2,880,000 shares
(aggregating up to ₹34.26 Cr)
Issue Price
₹112 – ₹118
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹283,200
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
2,733,600 shares
(aggregating up to ₹32.26 Cr)
Offer for Sale
[.]
Reserved for Market Maker
146,400 shares
(aggregating up to ₹2.00 Cr)
Issue Type
book building
Open Date
29 Sep
Close Date
01 Oct
Allotment
05 Oct
Listing
07 Oct
Last updated: 10 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 05 Oct 2026 Latest | ₹118 | ₹70 | ₹188 | ₹70 |
59.32%
|
2:02 PM |
| 05 Oct 2026 | ₹118 | ₹60 | ₹178 | ₹60 |
50.85%
|
1:30 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 01 Oct 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 281.65x | - |
| NII | 1,031.87x | - |
| bNII (bids above ₹10L) | 1,183x | - |
| sNII (bids below ₹10L) | 737.56x | - |
| Employees | 0.95x | - |
| Individual Investors | 686.32x | - |
| Total | 628.73x | - |
Showing the latest subscription snapshot.
View full subscription historyBalakrishnan Srinivasan, Viraj Bansal, Abhishek Saraff, Nitin Jain, Pooja Bansal, Hotspot Infodot Pvt.Ltd.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹283,200 |
| Retail (Max) | 2 | 2,400 | ₹283,200 |
| S-HNI (Min) | 3 | 3,600 | ₹424,800 |
| S-HNI (Max) | 7 | 8,400 | ₹991,200 |
| B-HNI (Min) | 8 | 9,600 | ₹1,132,800 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only employee | 2 | No |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,341,600 (46.58%) |
|
•
Anchor Investor Shares Offered
|
804,000 (27.92%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
537,600 (18.66%) |
| NII (HNI) Shares Offered | 403,200 (14.00%) |
| Retail Shares Offered | 940,800 (32.67%) |
| Employee | 48,000 (1.67%) |
| Market Maker Shares Offered | 146,400 (5.08%) |
| Total Shares Offered | 2,880,000 (100.00%) |
VANS Electroengineerings Limited was incorporated in February 2022 and is headquartered at Salem, Tamil Nadu, with a corporate office in Lucknow, Uttar Pradesh. It works in the electrical equipment sector, manufacturing components for railway electrification and traction power systems.
The company is an ISO 9001:2015-certified manufacturer of vacuum circuit breakers (VCBs) and vacuum interrupters (VIs), including single-pole and double-pole variants, used in traction substations, sectioning posts, feeding posts and other railway electrification systems, along with applications in metro systems and renewable energy infrastructure. Its products have been tested at international labs including KERI in South Korea and CPRI in Bengaluru, and it holds approvals from the Research Designs and Standards Organisation (RDSO) and the Central Organisation for Railway Electrification. It manufactures from a facility in Salem, Tamil Nadu, and supplies primarily to Indian Railways and railway electrification contractors. The company is led by Balakrishnan Srinivasan as Chairman and Joint Managing Director, and the promoters are Balakrishnan Srinivasan, Viraj Bansal, Abhishek Saraff, Nitin Jain, Pooja Bansal and Hotspot Infodot Private Limited.
Revenue rose to Rs 23.19 crore in FY26 from Rs 13.82 crore in FY25, with profit after tax rising to Rs 5.39 crore in FY26 from Rs 1.73 crore in FY25, as per the DRHP. The IPO is an SME book-built issue of about Rs 34 crore on the BSE SME platform, comprising a fresh issue of 28,80,000 equity shares, priced at Rs 112-118 per share, with subscription scheduled for September 29 to October 1, 2026 and a tentative listing date of October 7, 2026. Net proceeds from the fresh issue are proposed to be used for meeting working capital requirements (about Rs 25 crore), with the balance for general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 2.76 | 13.82 | 23.19 |
| Profit After Tax (PAT) | 0.02 | 1.73 | 5.39 |
| EBITDA | 0.02 | 2.48 | 7.23 |
| Total Assets | 6.57 | 5.34 | 16.85 |
| Net Worth | 1.05 | 3.78 | 9.17 |
| Reserves & Surplus | 0.05 | 1.78 | 7.17 |
| Total Borrowing | 5.17 | 1.2 | 2.55 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 83.27% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 63.96% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 58.79% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 23.61% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 31.63% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.28x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 10.3x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹6.74 | ₹4.96 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 17.51x | 23.79x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹94 Cr | ₹128 Cr |
The basis of allotment for Vans Electroengineerings IPO was finalised on 05 Oct 2026. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The Vans Electroengineerings IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Vans Electroengineerings IPO is ₹112.00 - ₹118.00 per share.
As per market sources, Vans Electroengineerings IPO GMP is currently ₹70.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Vans Electroengineerings IPO stands at 628.73x overall.
The listing date for Vans Electroengineerings IPO is 07 Oct 2026.
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