Vans Electroengineerings IPO Listing Price, Gain & Allotment

Vans Electroengineerings is in the business of manufacturing and supplying components used in traction power supply and overhead equipment systems for Indian railway electrification infrastructure, metro systems and renewable energy applications. The issue size is ₹33.98 Cr.

Revenue rose from ₹2.76 Cr in FY24 to ₹23.19 Cr in FY26, a compound annual growth of 189.9%. Profit after tax grew from ₹0.02 Cr to ₹5.39 Cr. That is a net profit margin of 23.2% in FY26. Borrowings were 0.28 times net worth at the end of FY26.

Vans Electroengineerings listed at ₹224.2 on 7 Oct 2026, +90.0% against the issue price of ₹118. The last GMP before listing had pointed to about ₹221, so it opened 2.7 points above the grey market estimate. It closed the first day at ₹235.4 (+99.5%).

Vans Electroengineerings is an SME IPO worth ₹33.98 crore with a price band of ₹112 – 118 per share. The issue opens on 29 September 2026 and closes on 1 October 2026. Shares are expected to list on 7 October 2026 on BSE SME.

Vans Electroengineerings IPO is a book build issue of Rs. 33.98 Cr (0.28 crore shares) by Vans Electroengineerings Limited, which is in the business of manufacturing and supplying components used in traction power supply and overhead equipment systems for Indian railway electrification infrastructure, metro systems and renewable energy applications. Its products are primarily supplied to Indian Railways and railway contractors, and the Company operates from its registered office and manufacturing facility in Salem, Tamil Nadu.

The Company manufactures Single Pole and Double Pole Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs) for applications including traction substations, sectioning posts, feeding posts and other railway electrification systems.

Its product portfolio includes products approved by the Research Designs and Standards Organization (RDSO), and the Company has received approvals from the Central Organization for Railway Electrification (CORE), including “Approved Vendor” status for certain products.