VANS ELECTROENGINEERINGS LIMITED
SMEBSE
Issue details
Price band
₹112 - ₹118
Lot size
1,200 shares
Issue size
₹34 Cr
Min. investment
₹1,41,600
Registrar
Bigshare Services
Subscription
584.44x · 3,26,722 applications
Grey market premium
Est. gain+₹103 · 87%
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IPO Timeline
Open
29 Sep
Close
1 Oct
Allotment
2 Oct
Listing
7 Oct
- Refunds & demat credit
- 3 Oct 2026
- Mandate end
- 16 Oct 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,200shares 1 lot · ₹1,41,600 | 1,200shares 1 lot · ₹1,41,600 |
| HNI | 2,400shares 2 lots · ₹2,83,200 | No limit funds permitting |
Based on the upper price band of ₹118 and a lot of 1,200 shares.
Subscription
| Quota | Shares offered | Shares bid | Applications | Subscribed |
|---|---|---|---|---|
| NII | 5,49,600 | 41,61,96,000 | 57,554 | 757.27x |
| Retail (IND) | 9,40,800 | 64,56,43,200 | 2,69,018 | 686.27x |
| Total | 20,76,000 | 1,21,32,97,200 | 3,26,722 | 584.44x |
Last updated 44 days ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹32 Cr
27,33,600 shares
Shares pre-issue
80,00,000
Shares post-issue
1,08,80,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 6.74 | 4.96 |
| P/E | 17.51 | 23.79 |
| Market cap | ₹94.40 Cr. | ₹128.38 Cr |
| 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% |
| NAV | 11.46 |
| Price to Book Value | 10.30 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 |
| Assets | 16.85 | 5.34 | 6.57 |
| Reserves & surplus | 7.17 | 1.78 | 0.05 |
| Total borrowing | 2.55 | 1.2 | 5.17 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.To Meet Working Capital Requirements of the Company₹25 Cr
- 2.General Corporate Purpose—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Raksan Transformers Ltd.SME | ₹273 | 13.39 | ₹286.60 | +4.98% |
| Anawil Wire & Engineering Ltd.SME | ₹270 | 14.53 | ₹346.10 | +28.19% |
| Accord Transformer & Switchgear Ltd.SME | ₹46 | 11.41 | ₹52.50 | +14.13% |
| Avana Electrosystems Ltd.SME | ₹59 | 12.4 | ₹80.30 | +36.10% |
| Karamtara Engineering Ltd.Mainboard | ₹254 | 32.77 | ₹352.00 | +38.58% |
| Kanohar Electricals Ltd.Mainboard | ₹632 | 36.26 | ₹751.50 | +18.91% |
| Powerica Ltd.Mainboard | ₹395 | 24.45 | ₹390.00 | -1.27% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 28 Sep 2026. Always verify against the RHP before applying.