Vans Electroengineerings IPO

About the company

Vans Electroengineerings is an ISO 9001:2015 certified manufacturer and supplier of traction power supply and overhead equipment system components for Indian railway electrification infrastructure, metro systems and renewable energy systems. Its core products are single- and double-pole vacuum circuit breakers and vacuum interrupters, supplied mainly to Indian Railways and railway contractors. In FY26, double-pole vacuum interrupters contributed 30.50%, single-pole vacuum interrupters 20.61%, double-pole vacuum circuit breakers 18.39% and single-pole vacuum circuit breakers 16.01%. Overhead equipment contributed 12.22%, braided flexible connectors 1.80% and other products 0.48%. The company sells to businesses and government entities. B2B sales contributed 86.76% of FY26 revenue, and B2G sales 13.24%. The FY26 regional mix was North 36.12%, West 31.13%, South 25.61%, Central 4.31% and East 2.83%. Manufacturing, assembly, testing and quality control are undertaken at the Salem, Tamil Nadu facility. Each of the four core product lines had an annual installed capacity of 450 units on a single eight-hour shift, or 1,800 units in aggregate. Total production increased from 57 units in FY24 to 478 units in FY26. FY26 capacity utilisation was 16.66% for double-pole vacuum circuit breakers, 23.11% for single-pole vacuum circuit breakers, 23.55% for double-pole vacuum interrupters and 42.88% for single-pole vacuum interrupters. The facility integrates structural assembly, mechanism and pole-part integration, control wiring, validation and dispatch. The company uses in-house testing infrastructure and external testing or inspection agencies for specified checks. Its primary inputs include insulator assemblies, porcelain insulators, gearbox castings and structures.

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   29 Sept 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   01 Oct 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   05 Oct 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   06 Oct 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   06 Oct 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   07 Oct 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.