Vans Electroengineerings IPO
₹34cr
High risk because:
- 5 material risk factors disclosed in DRHP
- Working capital or debt pressure highlighted in DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹112-118
Issue Size
₹34cr
Open
29 Sept 2026
Close
01 Oct 2026
Subscription
—
GMP +₹45 → est. ₹163
IPO Schedule
| Issue Open Date | 29 Sept 2026 |
| Issue Close Date | 01 Oct 2026 |
| Allotment Date | 05 Oct 2026 |
| Listing Date | 07 Oct 2026 |
About Vans Electroengineerings
Vans Electroengineerings is engaged in manufacturing and supplying components for traction power supply and overhead equipment systems used in railway electrification infrastructure, metro systems, and renewable energy applications. The company operates a single manufacturing facility in Salem, Tamil Nadu, housing product assembly, testing infrastructure, and quality control operations. It generates revenue primarily through the sale of products to Indian Railways, supplying either directly through contracts secured via competitive bidding or indirectly through associated engineering, procurement, and construction contractors and vendors. Its key product portfolio includes double pole and single pole vacuum circuit breakers, double pole and single pole vacuum interrupters, overhead equipment, and braided flexible connectors. Operating within the electrical equipment and switchgear sector, the company manufactures products designed to meet specific technical standards and regulatory specifications prescribed by railway authorities for critical power supply and traction applications. Financials Financial Year Ended March 2024 March 2025 March 2026 Total Assets 50.47 67.82 90.27 Revenue 45.62 57.78 65.91 Profit After Tax 10.83 14.08 13.14
Company Details
Grey Market Premium (GMP)
Issue Price
₹118
GMP
+₹45
Est. Listing
₹163
Est. Gain
+38.1%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
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FAQ
What is the price band of Vans Electroengineerings IPO?
The price band is ₹112-118 per share with a lot size of 0 shares.
What does Vans Electroengineerings do?
Vans Electroengineerings is engaged in manufacturing and supplying components for traction power supply and overhead equipment systems used in railway electrification infrastructure, metro systems, and renewable energy applications. The company operates a single manufacturing facility in Salem, Tamil Nadu, housing product assembly, testing infrastructure, and quality control operations. It generates revenue primarily through the sale of products to Indian Railways, supplying either directly through contracts secured via competitive bidding or indirectly through associated engineering, procurement, and construction contractors and vendors. Its key product portfolio includes double pole and single pole vacuum circuit breakers, double pole and single pole vacuum interrupters, overhead equipment, and braided flexible connectors. Operating within the electrical equipment and switchgear sector, the company manufactures products designed to meet specific technical standards and regulatory specifications prescribed by railway authorities for critical power supply and traction applications. Financials Financial Year Ended March 2024 March 2025 March 2026 Total Assets 50.47 67.82 90.27 Revenue 45.62 57.78 65.91 Profit After Tax 10.83 14.08 13.14
Should I apply for Vans Electroengineerings IPO?
Vans Electroengineerings is a sme IPO and opens 29 Sept 2026 with a ₹112-118 price band (₹34cr issue) — subscription data is not live yet, so demand signals are unavailable. Unofficial grey market premium is around ₹45, roughly 38% above the ₹118 upper band for this IPO — useful as a sentiment check before listing, but not verified by NSE/BSE/SEBI.