Vivid Electromech IPO
smelistedAbout the company
Vivid Electromech is a 30+ year old company that makes electrical panels and automation systems. It is ISO 9001:2015 certified and mainly works in manufacturing and system integration. The company produces a wide range of low-voltage (LV) panels, which include PCC, MCC, IMCC, APFC, VFD panels and PLC automation systems. Its medium-voltage (MV) products include panels ranging from 3.3 kV to 33 kV including VCB panels and ring main units. The company also does some trading of electrical goods and provides services like installation and testing. It operates two manufacturing units in Maharashtra with a combined capacity of 7,500 units per year. The company derives its primary revenue from India, which accounts for approximately 99% of total income, while generating limited income through exports to the UAE, UK, Kenya, and Sri Lanka. The business currently experiences its highest growth from data centres and technology innovation. The company used to operate its business in infrastructure and real estate projects, but now these sectors make up only a small portion of its operations. The main revenue source of the company comes from LV panels, which account for 81.02% of total income in H1FY26, while MV panels generate 13.67% of income during the same period. The combined revenue of trading and services activities brings in less than 6% of the total income. The business generates most of its domestic sales from Maharashtra, which accounts for approximately 88.62% of total sales in H1FY26. The company partners with major companies such as ABB, L&T Electrical and Automation and Schneider Electric to enhance its technological capabilities and build trust with customers. The order book has reached approximately ₹200.19 crore as of December 2025, with data centres accounting for approximately 62% of total orders. The infrastructure sector brings in approximately 30% of total revenue.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 28 Mar | ₹0 | ₹555 | 0 |
| 27 Mar | ₹0 | ₹555 | 0 |
| 26 Mar | ₹0 | ₹555 | 0 |
| 25 Mar | ₹0 | ₹555 | 0 |
| 24 Mar | ₹0 | ₹555 | 0 |
| 23 Mar | ₹0 | ₹555 | 0 |
| 22 Mar | ₹0 | ₹555 | 0 |
| 21 Mar | ₹0 | ₹555 | 0 |
Strengths
- Engaged in manufacturing of electrical panels and electromechanical solutions
- Diverse product portfolio catering to industrial and infrastructure sectors
- Strong demand driven by growth in power, infrastructure, and manufacturing sectors
- Modern manufacturing facilities with technical capabilities
- Established relationships with industrial clients and contractors
- Experienced management team with industry knowledge
- Opportunities for expansion with increasing electrification and automation
Risks
- Business dependent on capital expenditure cycles in infrastructure and industrial sectors
- Exposure to fluctuations in raw material prices such as copper and steel
- High working capital requirements typical in manufacturing businesses
- Competitive industry with presence of established players
- Project execution risks including delays and cost overruns
- Dependence on a limited number of key clients
- SME listing may result in lower liquidity and higher share price volatility
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed25 Mar 2026Bidding starts for all investor categories
IPO Closes
Completed30 Mar 2026Last day to place your bid
Basis of Allotment
Completed01 Apr 2026Share allotment finalised
Refund Initiation
Completed02 Apr 2026Refunds credited for non-allottees
Credit to Demat
Completed02 Apr 2026Allotted shares credited to demat account
Listing on Exchange
Completed07 Apr 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 240 | ₹133,200 | 1 | ₹133,200 | 1 lot only |
| HNI | 2 | 480 | ₹266,400 | 2 | ₹266,400 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,209,603 | 65.5 | 0 | 0.00x | 100% |
| NII | 15% | 362,881 | 19.65 | 0 | 0.00x | 100% |
| Retail | 35% | 846,722 | 45.85 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
