About Vans Electroengineerings
VANS Electroengineerings Limited is launching its SME Initial Public Offering (IPO) on September 29, 2026. Incorporated in 2022, the company manufactures and supplies components used in traction power supply and overhead equipment systems for Indian railway electrification infrastructure, metro systems, and renewable energy applications.
1. Key Dates & IPO Timetable
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IPO Open Date: September 29, 2026
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IPO Close Date: October 1, 2026
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Basis of Allotment: October 5, 2026
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Initiation of Refunds: October 6, 2026
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Credit of Shares to Demat: October 6, 2026
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Listing Date: October 7, 2026 (BSE SME)
2. Issue Details, Price Band, and Lot Size
The total issue size is ₹33.98 crores (28.80 lakh equity shares), which is entirely a fresh issue with no Offer for Sale (OFS) component.
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Price Band: ₹112 to ₹118 per equity share
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Face Value: ₹10 per share
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Base Lot Size: 1,200 shares
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Listing Exchange: BSE SME
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Reservation: QIB – 50%, Retail – 35%, NII/HNI – 15%
Application Requirements:
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Retail Investors (Min & Max – 2 Lots): 2,400 shares amounting to ₹2,83,200 (at the upper price band of ₹118).
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Small HNI (sNII – Min 3 Lots): 3,600 shares amounting to ₹4,24,800.
3. Financial Performance & Utilization of Funds
Financial Overview
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Total Revenue: ₹23.19 crore (FY26), up 68% from ₹13.82 crore (FY25).
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Profit After Tax (PAT): ₹5.39 crore (FY26) vs ₹1.73 crore (FY25).
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EBITDA: ₹7.23 crore (FY26).
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ROE: 83.27%
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ROCE: 63.96%
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Debt to Equity: 0.28x
Objects of the Issue
The net proceeds from the fresh issue will be deployed for:
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Meeting working capital requirements (~₹25.00 crore).
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General corporate purposes.
4. Grey Market Premium (GMP)
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Current GMP: ₹0 per share
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Estimated Listing Price: ₹118 (at upper band)
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Estimated Listing Gain: 0.00%
Note: Grey Market Premium is an informal indicator and can fluctuate dynamically based on market sentiment during the bidding window.