Vans Electroengineerings IPO Details
Factual IPO information from public filings. Not investment advice.
Issue Details
- Price Band
- ₹118
- Lot Size
- 1,200 shares
- Min. Investment
- ₹1,41,600
- Total Issue Size
- ₹33.98 Cr
- 28,79,661 shares
- Fresh Issue
- ₹33.98 Cr
- 28,80,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Shares Pre-Issue
- 80,00,000
- Shares Post-Issue
- 1,08,80,000
Lot Size & Investment
1 lot = 1,200 shares
Retail (min)
1 lot · 1,200 shares
Retail (max)
1 lot · 1,200 shares
S-HNI (min)
2 lots · 2,400 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual | 2 | 2,400 | ₹2,83,200 |
| Small HNI (S-HNI) | 3 | 3,600 | ₹4,24,800 |
| Big HNI (B-HNI) | 8 | 9,600 | ₹11,32,800 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| 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 & Surplus | 7.17 | 1.78 | 0.05 |
| Total Borrowing | 2.55 | 1.2 | 5.17 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROCE (%) | 63.96 | 53.51 | 2.1 |
| EPS (₹) | 6.74 | 3.59 | 0.05 |
| P/E (pre-issue) | 17.51 | — | — |
| P/E (post-issue) | 23.79 | — | — |
About Vans Electroengineerings
VANS Electroengineerings was incorporated in February 2022 and converted to a public limited company in May 2026. It is an engineering company working on electrical and power equipment for critical infrastructure, with expertise in switchgear, vacuum technology and railway electrification. Its products include double pole vacuum circuit breakers, vacuum interrupters and locomotive VCBs, with ring main units and vacuum bottles at earlier stages of development. Customers are largely in the railway and power distribution sectors, where equipment must meet defined technical specifications and pass qualification before it can be supplied.
Company Information
Strengths (from RHP)
- The company works in a specialised segment with relatively few qualified Indian suppliers.
- Design and manufacturing capability is held in house across its product range.
- It has an established customer base in the railway and power distribution sectors.
Key risks (from RHP)
- Supply contracts carry strict quality and delivery obligations, and failing them has direct consequences.
- Key raw materials are exposed to both availability and price movement.
- Railway procurement involves demanding approval and compliance requirements that take time to satisfy.
- Book running lead managers
- Hem Securities Limited
- Registered office
- Plot 17, SIDCO Women's Industrial Estate, Karuppur, Salem, Tamil Nadu, 636011