Vans Electroengineerings IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.03 | 281.65 |
| NII | 2.10 | 71.87 | 1,031.87 |
| RII | 4.55 | 101.85 | 686.32 |
| Total | 2.66 | 64.69 | 628.73 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The Vans Electroengineerings IPO minimum market lot is 2400 shares with ₹2,83,200 application amount. The Vans Electroengineerings IPO is a SME IPO, and it is to be listed on BSE SME.
Business Overview
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.
Vans Electroengineerings IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Vans Electroengineerings IPO Review and Rating
- May Apply For Long-term View
Vans Electroengineerings IPO Form
How to apply for the Vans Electroengineerings IPO? You can apply for Vans Electroengineerings IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Vans Electroengineerings IPO in the Invest section. The other option is you can apply for Vans Electroengineerings IPO via IPO forms downloaded online. Check out the Vans Electroengineerings forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
