What is the GMP of Vans Electroengineerings IPO today?

The Grey Market Premium (GMP) for Vans Electroengineerings IPO is currently ₹103. With an upper price band of ₹118, the estimated listing price is ₹221 per share, reflecting an expected listing gain of ~87.29%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Vans Electroengineerings IPO?

The price band for Vans Electroengineerings IPO is ₹112 to ₹118 per equity share. The minimum lot size is 1200 shares, which requires a minimum retail application investment of ₹1,41,600.

What are the important dates for Vans Electroengineerings IPO?

Vans Electroengineerings IPO opens for subscription on 2026-09-29T00:00:00 and closes on 2026-10-01T00:00:00. The basis of allotment is scheduled for 2026-10-05T00:00:00, and shares are expected to list on 2026-10-07T00:00:00 on BSE, NSE.

How can I check the allotment status for Vans Electroengineerings IPO?

You can check Vans Electroengineerings IPO allotment status on the registrar's official portal (Bigshare Services Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Vans Electroengineerings IPO?

Investors can apply for Vans Electroengineerings IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Vans Electroengineerings IPO open and close?

The IPO opens on 29 Sept 2026, and closes on 1 Oct 2026.

What is Vans Electroengineerings IPO price band?

The issue price band is ₹112.00 to ₹118.00 per equity share.

What is the Vans Electroengineerings IPO lot size?

The minimum lot size is 1200 shares per application.

What is the Vans Electroengineerings IPO allotment date?

The allotment is scheduled on 5 Oct 2026.

Vans Electroengineerings IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

34.00 Cr

Price Band

₹112.00 - ₹118.00

Lot Size

1200 Shares

Min Investment

₹2,83,200

GMP

₹103

Subscription

628.71x

₹14,315.18 Cr

29 Sept 2026

IPO Opens

COMPLETED

01 Oct 2026

IPO Closes

COMPLETED

05 Oct 2026

Basis of Allotment

COMPLETED

06 Oct 2026

Refunds

COMPLETED

06 Oct 2026

Demat Credit

COMPLETED

07 Oct 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

29 Sept 2026

IPO ClosesDONE

01 Oct 2026

Basis of AllotmentDONE

05 Oct 2026

RefundsDONE

06 Oct 2026

Demat CreditDONE

06 Oct 2026

ListingDONE

07 Oct 2026

About Vans Electroengineerings IPO

Vans Electroengineerings IPO open date is September 29, 2026 and the IPO will close on October 1, 2026. Vans Electroengineerings IPO is a Book build Issue. The company to raise around ₹34 crores via IPO that comprises fresh issue of ₹34 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Vans Electroengineerings IPO price band is ₹112 to ₹118 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Vans Electroengineerings IPO to list on BSE SME on October 7, 2026. The allotment of Vans Electroengineerings IPO date is October 5, 2026.

The company reported revenue of ₹23.19 crores in 2026 against ₹13.82 crores in 2025. The company reported profit of ₹5.39 crores in 2026 against profit of ₹1.73 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.

IPO Details

Vans Electroengineerings IPO Details and Specifications
IPO Date	29 Sept 2026 to 01 Oct 2026
Face Value	₹10 Per Share
Price Band	₹112.00 - ₹118.00
Lot Size	1200 Shares
Total Issue Size	Approx 34.00 Cr 28,80,000 Equity Shares
Fresh Issue	Approx 32.00 Cr 27,33,600 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.03%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	07 Oct 2026
Listing At	BSE
Total Subscription Amount	₹14,315.18 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	13,41,600	49.96%
- Anchor	8,04,000	0.00%
- QIB (Ex. Anchor)	5,37,600	0.00%
NII	4,03,200	15.01%
- bNII > ₹10L	2,66,400	0.00%
- sNII < ₹10L	1,36,800	0.00%
Retail	9,40,800	35.03%
Employees	48,000	0.00%
Market Maker	1,46,400	0.00%
Total	28,80,000	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Employees	2	2,400	₹2,83,200
Employees	3	3,600	₹4,24,800
Individual investors (Retail) (Min)	2	2,400	₹2,83,200
Individual investors (Retail) (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

About Company

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.

Contact Details

Plot 17

SIDCO Women's Industrial Estate

Karuppur

Salem, Tamil Nadu, 636011

9677114470

cs@vanselectroengineerings.com

Visit Website

Registrar

Bigshare Services Pvt Ltd

8657578989/8069

ipo@bigshareonline.com

Lead Managers

Hem Securities Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
07-Oct-2026 10:00 AM	+₹103	₹221	+87.29%	₹1,23,600
06-Oct-2026 05:56 PM	+₹103	₹221	+87.29%	₹1,23,600
05-Oct-2026 01:50 PM	+₹70	₹188	+59.32%	₹84,000
03-Oct-2026 10:40 AM	+₹70	₹188	+59.32%	₹84,000
02-Oct-2026 05:22 PM	+₹70	₹188	+59.32%	₹84,000
01-Oct-2026 05:15 PM	+₹90	₹208	+76.27%	₹1,08,000
30-Sep-2026 05:11 PM	+₹90	₹208	+76.27%	₹1,08,000
29-Sep-2026 06:07 PM	+₹45	₹163	+38.14%	₹54,000
28-Sep-2026 04:06 AM	+₹45	₹163	+38.14%	₹54,000
26-Sep-2026 10:00 AM	+₹0	₹118	+0.00%	₹0
25-Sep-2026 09:38 AM	+₹0	₹118	+0.00%	₹0
24-Sep-2026 06:06 PM	+₹0	₹118	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	281.65x	5,37,600	15,14,12,400	₹1,786.67 Cr
NII	1031.87x	4,03,200	41,60,49,599	₹4,909.39 Cr
bNII > ₹10L	1183.00x	2,66,400	31,51,51,200	₹3,718.78 Cr
sNII < ₹10L	737.56x	1,36,800	10,08,98,399	₹1,190.60 Cr
Retail	686.27x	9,40,800	64,56,43,200	₹7,618.59 Cr
Employees	0.95x	48,000	45,599	₹0.54 Cr
Total	628.71x	19,29,600	1,21,31,50,798	₹14,315.18 Cr

Objects of the Issue

01 To Meet Working Capital Requirements of the Company : 25.00 Cr
02 General Corporate Purpose : 3.54 Cr
03 Issue Expenses : 5.45 Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	23.19	13.82	2.76
Profit After Tax	5.39	1.73	0.02
EBITDA	7.23	2.48	0.02
NET Worth	9.17	3.78	1.05
Reserves and Surplus	7.17	1.78	0.05
Total Borrowing	2.55	1.20	5.17

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	63.96%
Debt/Equity Ratio	0.28
Return on Net Worth (RoNW)	58.79%
PAT Margin	23.61%
EBITDA Margin	31.63%
Net Asset Value (NAV)	₹11.46
Earning Per Share (EPS)	₹6.74
Price/Earning P/E Ratio	17.51x

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
NA	-	-	-	-	-

IPO Anchor Investors

Anchor Investors Letter (PDF)

Promoters and Holding Pattern

Balakrishnan Srinivasan, Viraj Bansal, Abhishek Saraff, Nitin Jain, Pooja Bansal and Hotspot Infodot Pvt.Ltd. is the company's promoter of Vans Electroengineerings.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	90.75%	66.73%
Others*	9.25%	33.27%

Strengths

The firm works on railway-related projects that require specialised engineering, with a focus on quality and timely delivery.
They operate under strict Quality Assurance Standards and are an RDSO-approved entity.
The company has the support of a strong customer base and extensive geographical reach.
Vans Electro Engineering is backed by experienced and quality promoters who have 23 years of experience across railway infrastructure, electrical engineering, and industrial manufacturing.

Risks

Its business and revenue both depend on Indian Railways. Any negative changes in Indian Railways can lead to its contracts being terminated, restructured, or renegotiated, which can adversely impact the overall business and financial performance.
The company earns most of its revenue from the sale of 2 key products: Vacuum Circuit Breakers and Vacuum Interrupters. Any decline in the sale of such products can negatively affect the overall business and financial condition.
About 76.77% of the company’s sales come from the top 1 customer. The loss of this one customer can badly affect the business, financial condition, and cash flow.
The firm is dependent on the timely availability of raw materials and components from its suppliers. Any interruption in the supply, price volatility, or inability to buy such raw materials can adversely impact the overall business and financial condition.

Frequently Asked Questions (FAQ)

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About Vans Electroengineerings IPO

IPO Details

Vans Electroengineerings IPO Details and Specifications
IPO Date	29 Sept 2026 to 01 Oct 2026
Face Value	₹10 Per Share
Price Band	₹112.00 - ₹118.00
Lot Size	1200 Shares
Total Issue Size	Approx 34.00 Cr 28,80,000 Equity Shares
Fresh Issue	Approx 32.00 Cr 27,33,600 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.03%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	07 Oct 2026
Listing At	BSE
Total Subscription Amount	₹14,315.18 Cr

Investor Category

Shares Offered

% Net Issue

QIB

13,41,600

49.96%

- Anchor

8,04,000

0.00%

- QIB (Ex. Anchor)

5,37,600

0.00%

NII

4,03,200

15.01%

- bNII > ₹10L

2,66,400

0.00%

- sNII < ₹10L

1,36,800

0.00%

Retail

9,40,800

35.03%

Employees

48,000

0.00%

Market Maker

1,46,400

0.00%

Total

28,80,000

100.00%

Application

Lots

Amount

Employees

2,400

₹2,83,200

Employees

3,600

₹4,24,800

Individual investors (Retail) (Min)

2,400

₹2,83,200

Individual investors (Retail) (Max)

2,400

₹2,83,200

S-HNI (Min)

3,600

₹4,24,800

S-HNI (Max)

8,400

₹9,91,200

B-HNI (Min)

9,600

₹11,32,800

About Company

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.

Contact Details

Plot 17

SIDCO Women's Industrial Estate

Karuppur

Salem, Tamil Nadu, 636011

9677114470

cs@vanselectroengineerings.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

07-Oct-2026 10:00 AM

+₹103

₹221

+87.29%

₹1,23,600

06-Oct-2026 05:56 PM

+₹103

₹221

+87.29%

₹1,23,600

05-Oct-2026 01:50 PM

+₹70

₹188

+59.32%

₹84,000

03-Oct-2026 10:40 AM

+₹70

₹188

+59.32%

₹84,000

02-Oct-2026 05:22 PM

+₹70

₹188

+59.32%

₹84,000

01-Oct-2026 05:15 PM

+₹90

₹208

+76.27%

₹1,08,000

30-Sep-2026 05:11 PM

+₹90

₹208

+76.27%

₹1,08,000

29-Sep-2026 06:07 PM

+₹45

₹163

+38.14%

₹54,000

28-Sep-2026 04:06 AM

+₹45

₹163

+38.14%

₹54,000

26-Sep-2026 10:00 AM

+₹0

₹118

+0.00%

₹0

25-Sep-2026 09:38 AM

+₹0

₹118

+0.00%

₹0

24-Sep-2026 06:06 PM

+₹0

₹118

+0.00%

₹0

Vans Electroengineerings IPO Details

About Vans Electroengineerings IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Vans Electroengineerings IPO open and close?

What is Vans Electroengineerings IPO price band?

What is the Vans Electroengineerings IPO lot size?

What is the Vans Electroengineerings IPO allotment date?

What is the Vans Electroengineerings IPO listing date?

What is the minimum investment required in Vans Electroengineerings IPO?

Join the discussion

Vans Electroengineerings IPO Details

About Vans Electroengineerings IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Vans Electroengineerings IPO open and close?

What is Vans Electroengineerings IPO price band?

What is the Vans Electroengineerings IPO lot size?

What is the Vans Electroengineerings IPO allotment date?

What is the Vans Electroengineerings IPO listing date?

What is the minimum investment required in Vans Electroengineerings IPO?

Join the discussion