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Vans Electroengineerings

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IPO Closes in

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IPO Timeline

Issue open date

29 Sep 2026

Issue close date

1 Oct 2026

UPI mandate deadline

1 Oct 2026

Allotment finalization

5 Oct 2026

Refund initiation

6 Oct 2026

Share credit

6 Oct 2026

Listing date

7 Oct 2026

Mandate end date

16 Oct 2026

Lock-in end date for anchor investors (50%)

3 Nov 2026

Lock-in end date for anchor investors (remaining)

2 Jan 2027

Grey Market Premium Trend

₹70
Current GMP
₹188
Est. Listing Price
59.3%
Est. Listing Gain
₹112 - ₹118
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
28 Sep₹70₹18859.32%
27 Sep₹45₹16338.14%
26 Sep₹45₹16338.14%
25 Sep₹45₹16338.14%
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IPO Subscription Status

CategoryTimesAllotment Chances
HNIs (Total)2.0947.8%
Employee0.08100%
bHNI1.7557.1%
sHNI2.7935.8%
QIBs0-
Retail4.4522.5%
Last updated: 29 September'26 04:44PM

Key Dates

Open
29 Sep 2026
Close
1 Oct 2026
Listing
7 Oct 2026

Quick Stats

Issue Size:34cr
Lot Size:1200 shares

About the Company

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.

Strengths

  • Specialized offerings in railway electrification and traction power supply systems.
  • Approved vendor status with RDSO and CORE for core product verticals.
  • In-house assembly and testing capabilities at a dedicated manufacturing facility.
  • Consistent revenue growth driven by Indian Railways electrification demand.
  • Experienced promoter team with deep industry domain expertise.

Risks

  • Revenue is heavily dependent on Indian Railways and its EPC contractors.
  • High product concentration risk from vacuum circuit breakers and interrupters.
  • Operations rely on a single manufacturing facility located in Salem, Tamil Nadu.
  • Significant working capital requirements and seasonal cash flow fluctuations.
  • Risk of losing or failing to renew approved vendor status with railway bodies.

Vans Electroengineerings IPO – Frequently Asked Questions

  • The price band for the Vans Electroengineerings IPO is set at ₹112 to ₹118 per share.
  • The Vans Electroengineerings IPO opens on September 29, 2026 and closes on October 1, 2026.
  • The tentative listing date for the Vans Electroengineerings IPO is October 7, 2026.
  • You can apply for the Vans Electroengineerings IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Vans Electroengineerings, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Vans Electroengineerings IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).