IPO profile
Vans Electroengineerings Limited
VANS · BSE
- Price band
- ₹112 - ₹118
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 1200 shares
- Minimum Application
- ₹1,41,600
- Issue Size
- Rs. 34 Cr
- Face Value
- Not available
Company Overview
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.
Important Dates
- Open Date
- 29 Sept 2026
- Close Date
- 1 Oct 2026
- Allotment Date
- Not available
- Listing Date
- 7 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 7 Oct 2026
- Actual Listing Price
- ₹224.2
- Gain/Loss Per Share
- +₹106.2
- Gain/Loss Per Lot
- +₹1,27,440
- Listing Gain/Loss %
- +90.00%
- Measured Against
- ₹118
- Lot Size
- 1200 shares
Historical result from the reported listing price, compared with the upper price band (final issue price not reported). Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported 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.
Key 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.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:31 pm IST · GMP: ipoalerts · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.