Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Vans Electroengineerings Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on July 17, 2026 to raise funds through Initial Public Offer (IPO).
Vans Electroengineerings Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.29 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Vans Electroengineerings IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,80,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 28,80,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,08,80,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Jul 17, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
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.
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.
As of May 31, 2026, VANS Electroengineerings employed 28 personnel across manufacturing, product development, quality control, finance, administration, and procurement functions.
Key Strengths
Vans Electroengineerings Ltd.'s revenue increased by 68% and profit after tax (PAT) rose by 212% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 16.85 | 5.34 | 6.57 |
| 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 | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Accord Transformer & Switchgear Ltd. | SME | ₹25.59 Cr | ₹46 | 11.41 | ₹52.50 | +14.13% | ₹52.33 (-0.70%) |
| Avana Electrosystems Ltd. | SME | ₹35.22 Cr | ₹59 | 12.4 | ₹80.30 | +36.10% | ₹159.10 (+0.70%) |
| Powerica Ltd. | Mainboard | ₹1,100.00 Cr | ₹395 | 24.45 | ₹390.00 | -1.27% | ₹554.05 (-1.39%) |
| Atlanta Electricals Ltd. | Mainboard | ₹687.34 Cr | ₹754 | 46.33 | ₹823.35 | +9.20% | ₹1,614.10 (-2.87%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements of the Company | 25.00 |
| 2 | General Corporate Purpose | |
| Total | 25.00 |
| KPI | Mar 31, 2026 |
|---|---|
| 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 | 4.96 |
| Promoter Holding | 99.75% |
Lead Manager Reports
Vans Electroengineerings IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Vans Electroengineerings IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vans Electroengineerings IPO using UPI as a payment gateway. Zerodha customers can apply in Vans Electroengineerings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vans Electroengineerings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vans Electroengineerings IPO dates are not announced. Please check back again after some time.
Vans Electroengineerings IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Vans Electroengineerings IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vans Electroengineerings IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Vans Electroengineerings IPO allotment status.
The Vans Electroengineerings IPO listing date is not yet announced. The tentative date of listing is .
