VANS Electroengineerings Limited is an electrical engineering company engaged in the manufacturing and supply of components for traction power supply and overhead equipment systems used in railway electrification, metro systems and renewable energy applications. It primarily supplies Indian Railways and railway contractors and operates its manufacturing facility in Salem, Tamil Nadu.
The Company manufactures Single Pole and Double Pole Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs) used in traction substations, sectioning posts, feeding posts and other railway electrification applications. Its products have received RDSO and CORE approvals, including approved-vendor status for certain products.
Its manufacturing facility has in-house testing and quality-control infrastructure, while testing is also conducted through KERI, South Korea and CPRI, Bengaluru for compliance with applicable standards. The Company has also expanded its product portfolio to include Overhead Equipment and Braided Flexible Connectors.
The Company is supported by promoters with experience in electrical and electronics engineering, railway infrastructure, switchgear and industrial manufacturing, covering product development, engineering, production, sales, finance and operations.
As of August 31, 2026, the Company had 33 permanent employees across manufacturing, product development, quality control, finance and accounting, administration and operations, and purchase and stores.
Vans Electroengineerings IPO – Details
| IPO Opening Date | 29 September 2026 |
| IPO Closing Date | 01 October 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 28,80,000 Shares Worth ₹33.98 Crore Fresh Issue: 28,80,000 Shares Worth ₹33.98 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹112 – ₹118 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vans Electroengineerings IPO – Date Schedule
| IPO Open Date | 29 September 2026 |
| IPO Close Date | 01 October 2026 |
| Basis of Allotment | 05 October 2026 |
| Initiation of Refund | 06 October 2026 |
| Credit of Shares to Demat | 06 October 2026 |
| IPO Listing Date | 07 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 01, 2026 |
Vans Electroengineerings IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,83,200 |
| Retail (Max) | 2 | 2400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3600 | ₹4,24,800 |
| S-HNI (Max) | 8 | 8400 | ₹9,91,200 |
| B-HNI (Min) | 9 | 9600 | ₹11,32,800 |
Competitive Strength
- Niche Market Focus with Quality and Timely Delivery.
- Established Customer Base and Geographical Footprint.
- Quality Assurance Standards and RDSO-Approved Products.
- Core Engineering and Integrated Engineering, Assembly and Testing Capabilities.
Company Promoters
- Balakrishnan Srinivasan
- Viraj Bansal
- Abhishek Saraff
- Nitin Jain
- Pooja Bansal
- Hotspot Infodot Pvt. Ltd.
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹2.76 Cr | ₹1.26 Cr | ₹0.02 Cr | ₹5.17 Cr |
| 31 March 2025 | ₹13.82 Cr | ₹11.51 Cr | ₹1.73 Cr | ₹1.20 Cr |
| 31 March 2026 | ₹23.19 Cr | ₹15.93 Cr | ₹5.39 Cr | ₹2.55 Cr |
Key Performance Indicator
| KPI | Values (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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.74 | 4.96 |
| P/E (x) | 17.51 | 23.79 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To Meet Working Capital Requirements of the Company. | ₹25.00 |
| General Corporate Purpose. |
✅Strengths
- Niche Market Focus in railway electrification products.
- RDSO & CORE Approvals for key products.
- Integrated Manufacturing with in-house testing facilities.
- Established Customer Base across railway and EPC customers.
- Experienced Promoters with industry expertise.
⚠️Risks
- Railway Dependence on Indian Railways-led projects.
- Tender-Based Business with competitive bidding risks.
- Capacity Underutilisation if orders decline.
- Working Capital Needs requiring adequate financing.
- Execution Risks from delays in materials, logistics and projects.
Vans Electroengineerings IPO Promoter Holding
| Pre-Issue Share Holding | 90.75% |
| Post Issue Share Holding | 66.73% |
Vans Electroengineerings IPO Prospectus
Company Contact Information
| Vans Electroengineerings Limited Plot 17, SIDCO Women’s Industrial Estate, Karuppur Salem, Tamil Nadu, 636011 Phone: 9677114470 Email: cs@vanselectroengineerings.com Website: https://vanselectroengineerings.com/ |
Vans Electroengineerings IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Vans Electroengineerings IPO Lead Manager(s)
| 1. Hem Securities Ltd. |
Vans Electroengineerings IPO FAQ
| What is the Vans Electroengineerings IPO? Vans Electroengineerings IPO is an SME IPO. The issue is priced at ₹112 – ₹118 per equity share. The IPO is to be listed on BSE SME. |
| When will Vans Electroengineerings IPO open? The IPO is to open on 29 September 2026 for QIB, NII and Retail Investors. |
| What is Vans Electroengineerings IPO Investors’ Portion? The Investors portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Vans Electroengineerings IPO Size? Vans Electroengineerings IPO size is ₹33.98 Crore. |
| What are the Vans Electroengineerings IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,83,200, while the maximum bid is 2400 Shares for ₹2,83,200. |
| What is the Vans Electroengineerings IPO Allotment Date? Vans Electroengineerings IPO allotment date is 05 October 2026. |
| What is the Vans Electroengineerings IPO Listing Date? Vans Electroengineerings IPO listing date is 07 October 2026. The IPO is to be listed on the BSE SME. |
