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IPO Name | Company Pvt. Ltd.

Bookbuilding IPO | ₹440 Cr | Listing at BSE, NSE | Tue, Mar 24, 2026 - Fri, Mar 27, 2026

Vivid Electromech IPO is a book build issue of ₹130.54 crores. The issue is a combination of fresh issue of 0.19 crore shares aggregating to ₹104.56 crores and offer for sale of 0.05 crore shares aggregating to ₹25.97 crores.

Vivid Electromech IPO bidding opened for subscription on Mar 25, 2026 and will close on Mar 30, 2026. The allotment for the Vivid Electromech IPO is expected to be finalized on Apr 2, 2026. Vivid Electromech IPO will list on the NSE SME with a tentative listing date fixed as Apr 7, 2026.

Vivid Electromech IPO is set issue price band at ₹528 to ₹555 per share. The lot size for an application is 240 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,66,400 (480 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (720 shares), amounting to ₹3,99,600.

Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..

Refer to Vivid Electromech IPO RHP for detailed Information.

IPO Open

Wed, Mar 25, 2026

IPO Close

Mon, Mar 30, 2026

Price Band

₹528 to ₹555

Market Cap (Pre-IPO)

₹493.27 Cr

IPO Details

IPO Date

25 to 30 Mar, 2026
Listing Date

Tue, Apr 7, 2026T
Face Value

₹10 per share
Price Band

₹528 to ₹555
Lot Size

240 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

NSE, SME

Total Issue Size

23,52,000 shares (agg. up to ₹131 Cr)
Reserved for Market Maker

1,18,800 shares (agg. up to ₹7 Cr) Hem Finlease Pvt.Ltd.
Fresh Issue (Ex Market Maker)

17,65,200 shares (agg. up to ₹98 Cr)
Offer for Sale

4,68,000 shares of ₹10 (agg. up to ₹26 Cr)
Net Offered to Public

22,33,200 shares (agg. up to ₹124 Cr)
Share Holding Pre Issue

70,03,800 shares
Share Holding Post Issue

88,87,800 shares

IPO Timetable (Tentative)

IPO Open

Wed, Mar 25, 2026
Allotment

Thu, Apr 2, 2026
Credit of Shares

Mon, Apr 6, 2026

IPO Close

Mon, Mar 30, 2026
Refund

Mon, Apr 6, 2026
Listing

Tue, Apr 7, 2026

Key Performance Indicator (KPI)

IPO Reservation

Vivid Electromech IPO offers total 23,52,000 shares. Out of which 11,15,280 (47.42%) allocated to QIB, 3,35,520 (14.27%) allocated to NII 7,82,400 (33.27%) allocated to RII and 6,68,880 (28.44%) allocated to Anchor investors.

Investor Category	Shares Offered	% of Net Issue	% of Total Issue
QIB Shares Offered	11,15,280	49.94%	47.42%
− Anchor Investor Shares Offered	6,68,880		28.44%
− QIB (Ex. Anchor) Shares Offered	4,46,400		18.98%
NII (HNI) Shares Offered	3,35,520	15.02%	14.27%
− bNII > ₹10L	2,23,680		9.51%
− sNII < ₹10L	1,11,840		4.76%
Retail Shares Offered	7,82,400	35.03%	33.27%
Firm Reservations
Market Maker Shares Offered	1,18,800		5.05%
Total Shares Offered	23,52,000	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 480 shares and in multiples of 240 shares thereof.

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	480	₹2,66,400
Individual investors (Retail) (Max)	2	480	₹2,66,400
S-HNI (Min)	3	720	₹3,99,600
S-HNI (Max)	7	1,680	₹9,32,400
B-HNI (Min)	8	1,920	₹10,65,600

IPO Subscription Details

IPO Anchor Investors

Vivid Electromech IPO raises ₹37.12 crore from anchor investors. Vivid Electromech IPO Anchor bid date is March 24, 2026.
📝 Anchor Investors Letter (PDF)

Bid Date	Tue, Mar 24, 2026
Shares Offered	6,68,880
Anchor Portion (₹ Cr.)	37.12
Anchor lock-in period end date for 50% shares (30 Days)	Sat, May 2, 2026
Anchor lock-in period end date for remaining shares (90 Days)	Wed, Jul 1, 2026

About Vivid Electromech Ltd.

Incorporated in 1990, Vivid Electromech Ltd. is a manufacturer of Low-Voltage (“LV”) and Medium-Voltage (“MV”) electrical panels and automation systems.

The company is engaged in panel manufacturing and system integration, offering electrical and automation solutions that cover engineering, design, fabrication, assembly, testing, and commissioning of control and automation systems.

Their products are intended for applications in power distribution, load management, process control, and industrial automation across multiple sectors.

The company manufactures a range of LV electrical panels, including Power Control Centre (PCC) Panels, Intelligent Motor Control Centre (IMCC) Panels, Soft Starter Panels, Drawout Motor Control Centre (MCC) Panels, DG Synchronisation Panels, Power Distribution Boards and Units, and Outdoor Panels.

Their products cater to sectors such as Data Centre & Technology, Infrastructure, Metro Projects, Construction & Real Estate, Solar & Renewable Energy, Industrial Manufacturing.

The company is an ISO 9001:2015 certified manufacturer of low-voltage (“LV”) and medium-voltage (“MV”) electrical panels and automation systems.

The company has two manufacturing facilities in Navi Mumbai and Pune, Maharashtra.

As of September 30 2025, the company employed 252 employees in various departments.

Competitive Strength:

Integrated Manufacturing Facilities
Diverse Product Portfolio with Wide Geographic Reach
Growing Presence in the Data Centre Segment
Strategic Partnerships with Leading Brands
Commitment to Quality Control and Safety
Experienced promoters and senior management team

Company Financials (Restated Consolidated)

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	119.62	115.30	62.38	55.14
Total Income	70.89	155.77	89.55	59.63
Profit After Tax	9.44	20.24	4.28	0.06
EBITDA	13.50	28.39	7.18	1.76
NET Worth	37.03	27.45	6.98	2.38
Reserves and Surplus	44.23	38.29	18.05	14.94
Total Borrowing	14.17	4.23	4.77	6.47
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1) Funding the capital expenditure requirements towards setting up of a new manufacturing unit.

43.84
2 Repayment of certain borrowings availed by the Company

9.30
3 To meet working capital requirements of the Company

36.00
4 General Corporate Purpose
Total

89.14

Key Performance Indicator (KPI)

KPI	Sep 30, 2026	Mar 31, 2025
ROE	29.29%	117.61%
ROCE	25.67%	87.34%
Debt/Equity	0.38	0.15
RoNW		73.76%
PAT Margin	13.38%	13.04%
EBITDA Margin	19.13%	18.28%
Price to Book Value	10.50	14.16

Check IPO Peer Comparison here.

	Pre IPO	Post IPO
EPS (₹)	28.90	22.78
P/E (x)	19.2	24.37
Promoter Holding	99.99%
Market Cap	₹493.27 Cr.

Sameer Vishvanath Attavar and Meeta Sameer Attavar are the promoters of the company.

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]

VEL is engaged in the manufacturing of LV, MV electrical panels and automation systems required by power distribution, load management etc. It marked growth in its top and bottom lines for the reported periods. However, quantum jump in its bottom lines from FY24 onwards raise eyebrows and concern over its sustainability going forward. Based on its recent financial data with super earnings, the issue appears aggressively priced. Small equity base post-IPO indicates longer gestation for migration to main board. Only well-informed/cash surplus investors may park moderate funds for medium term.

Read detail review…

Vivid Electromech IPO Recommendations

Review By	Subscribe	May Apply	Neutral	Avoid
Brokers	1	0	0	0
Members	0	0	0	0

IPO Subscription Status

The Vivid Electromech IPO is subscribed 0.67 times on March 30, 2026 11:35:00 AM (Day 3). The public issue subscribed 0.16 times in the individual investors category, 1.26 times in the QIB category, and 1.09 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (x)	Shares Offered	Shares bid for	Total Applications
QIB (Ex Anchor)	1.26	4,46,400	5,63,520	3
NII*	1.09	3,35,520	3,65,280	27
bNII (> ₹10L)	1.58	2,23,680	3,53,280
sNII (< ₹10L)	0.11	1,11,840	12,000
Individual Investor	0.16	7,82,400	1,26,720	264
Total	0.67	15,64,320	10,55,520	294

Total Applications: 294

*Market Maker portion is not included to NII/HNI.

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
vividelectromech.smeipo@in.mpms.mufg.com
Visit Website

IPO Lead Manager(s)

Hem Securities Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Vivid Electromech Ltd. Address

Plot No. A-173/7,

T.T.C Industrial Area,

MIDC, Kharine,

Navi Mumbai, Maharashtra, 400710

+022-68175555
cs@vividgroup.in
Visit Website

IPO FAQs

What is the Vivid Electromech IPO?

Vivid Electromech IPO is a SME IPO of 23,52,000 equity shares of the face value of ₹10 aggregating up to ₹131 Crores. The issue is priced at ₹528 to ₹555. The minimum order quantity is 240.

The IPO opens on Wed, Mar 25, 2026, and closes on Mon, Mar 30, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

How to apply in Vivid Electromech IPO through Angel one?

Angel one customers can apply online in Vivid Electromech IPO using UPI as a payment gateway. Angel one customers can apply in Vivid Electromech IPO by login into Angel one Console (back office) and submitting an IPO application form.

Steps to apply in Vivid Electromech IPO through Angel one

Visit the Angel one website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Vivid Electromech IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Angel one IPO Application Process Review for more detail.

When Vivid Electromech IPO will open?

The Vivid Electromech IPO opens on Wed, Mar 25, 2026 and closes on Mon, Mar 30, 2026.

What is the lot size of Vivid Electromech IPO?

Vivid Electromech IPO lot size is 240, and the minimum amount required for application is ₹2,66,400, with 2 lots being the minimum application size.

How to apply for Vivid Electromech IPO?

You can apply in Vivid Electromech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Vivid Electromech IPO allotment?

The finalization of Basis of Allotment for Vivid Electromech IPO will be done on Thursday, April 2, 2026, and the allotted shares will be credited to your demat account by Mon, Apr 6, 2026. Check the Vivid Electromech IPO allotment status.

When is Vivid Electromech IPO listing date ?

The Vivid Electromech IPO listing date is not yet announced. The tentative date of listing is Tue, Apr 7, 2026.