IPO Overview / Intro
Vivid Electromech IPO is a book build issue of 0.24 crore shares. The issue is a combination of fresh issue of 0.19 crore shares aggregating to Rs. 104.56 crores and offer for sale of 0.05 crore shares aggregating to Rs. 25.97 crores. Vivid Electromech IPO opens for subscription on Mar 25, 2026 and closes on Mar 30, 2026. The allotment for the Vivid Electromech IPO is expected to be finalized on Apr 1, 2026. Vivid Electromech IPO will list on NSE SME with a tentative listing date fixed as Apr 6, 2026.
| Particular | Details |
|---|---|
| IPO Size | Rs. 130.54 crores |
| Business | Low-voltage and medium-voltage electrical panels and automation systems |
| Market Presence | Data centres, infrastructure, metro projects, construction, solar and industrial manufacturing sectors |
| Key Risk | Execution dependency, project-led business cycle and premium valuation |
| Chanakya View | Electrical panel and automation systems player with strong growth momentum; valuation and execution sustainability remain key monitorables |
| Particular | Details |
|---|---|
| IPO Date | 25–30 March 2026 |
| Price Band | Rs. 528 – Rs. 555 |
| Lot Size | 240 Shares |
| Issue Size | 23,52,000 shares |
| Listing Date | 6 April 2026 |
IPO Details | GMP | Subscription | Review | Allotment | Financials | Registrar | FAQ
👉 Latest Vivid Electromech IPO GMP, subscription status, financials, valuation and Chanakya review explained below.
Vivid Electromech IPO GMP – Latest Update
Vivid Electromech IPO GMP is yet to see active grey market signals. The latest GMP trend will be updated below once market indications emerge.
| GMP | Estimated Listing Price | Expected Gains |
|---|---|---|
| Rs. NIL | To be declared | — |
Grey Market Premium (GMP) indicates estimated listing sentiment based on unofficial market demand and may change frequently.
Vivid Electromech IPO Subscription Status – Live Update
Vivid Electromech IPO subscription status is yet to begin. Live subscription data will be updated once bidding opens.
| Category | Subscription |
|---|---|
| QIB | Not Open Yet |
| B-NII | Not Open Yet |
| S-NII | Not Open Yet |
| NII Total | Not Open Yet |
| Retail (RII) | Not Open Yet |
| Total | Not Open Yet |
| Applications | Not Open Yet |
Updated: Subscription data will be updated once bidding starts on Mar 25, 2026. Vivid Electromech IPO allotment status will be finalised on Wednesday, Apr 1, 2026. Investors can check allotment status online through MUFG Intime India Pvt. Ltd.
| Particular | Details |
|---|---|
| Price Band | Rs. 528 – Rs. 555 |
| Face Value | Rs. 10 per share |
| Issue Type | Book Building IPO |
| Category | Minimum Shares | Investment |
|---|---|---|
| Retail Minimum | 480 | Rs. 2,66,400 |
| Retail Maximum | 480 | Rs. 2,66,400 |
Vivid Electromech IPO listing date is tentatively scheduled for Monday, Apr 6, 2026 on NSE SME.
👉 GMP | Reviews | Subscription | Allotment
👉 | News Crux |
👉 Power Calls | Coffee Can Portfolio |
IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Opening Date | Wednesday, 25 Mar 2026 |
| IPO Closing Date | Monday, 30 Mar 2026 |
| Listing Date (Tentative) | Monday, 6 Apr 2026 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 528 – Rs. 555 |
| Lot Size | 240 Shares |
| Issue Type | Book Building IPO |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 23,52,000 shares (agg. up to Rs. 131 Cr) |
| Reserved for Market Maker | To be declared |
| Market Maker | To be declared |
| Fresh Issue (Ex Market Maker) | 18,84,000 shares (agg. up to Rs. 105 Cr) |
| Offer for Sale | 4,68,000 shares of Rs. 10 (agg. up to Rs. 26 Cr) |
| Net Offered to Public | 23,52,000 shares (agg. up to Rs. 131 Cr) |
| Listing At | NSE SME |
| Share Holding Pre Issue | 70,03,800 shares |
| Share Holding Post Issue | 88,87,800 shares |
| Market Cap (Pre-IPO) | Rs. 493.27 Cr |
IPO Timetable
| Event | Date |
|---|---|
| IPO Opens | Wed, Mar 25, 2026 |
| IPO Closes | Mon, Mar 30, 2026 |
| Allotment | Wed, Apr 1, 2026 |
| Refunds | Thu, Apr 2, 2026 |
| Credit of Shares | Thu, Apr 2, 2026 |
| Listing | Mon, Apr 6, 2026 |
Reservation
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| Total Shares Offered | 100.00% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (Retail) (Min) | 2 | 480 | Rs. 2,66,400 |
| Individual Investors (Retail) (Max) | 2 | 480 | Rs. 2,66,400 |
| S-HNI (Min) | 3 | 720 | Rs. 3,99,600 |
| S-HNI (Max) | 7 | 1,680 | Rs. 9,32,400 |
| B-HNI (Min) | 8 | 1,920 | Rs. 10,65,600 |
Company Details
Vivid Electromech Ltd., incorporated in 1990, is engaged in manufacturing low-voltage and medium-voltage electrical panels and automation systems. The company operates in panel manufacturing and system integration, delivering solutions across engineering, design, fabrication, assembly, testing and commissioning of control and automation systems.
Its product portfolio includes Power Control Centre panels, Intelligent Motor Control Centre panels, Soft Starter Panels, Drawout Motor Control Centre panels, DG Synchronisation Panels, power distribution boards and outdoor panels. These products are used for power distribution, load management, process control and industrial automation across multiple sectors.
The company caters to industries such as data centres and technology, infrastructure, metro projects, construction and real estate, solar and renewable energy, and industrial manufacturing. Its growing presence in the data centre segment and partnerships with leading brands support its market positioning.
Competitive Strengths
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
| Issue Objects | Est Amt (Rs. Cr.) |
|---|---|
| Funding capital expenditure towards setting up of a new manufacturing unit | 47.88 |
| Repayment of certain borrowings availed by the company | 9.75 |
| Meeting working capital requirements | 40.00 |
| General corporate purposes | — |
Financials
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 115.30 | 62.38 | 55.14 |
| Total Income | 155.77 | 89.55 | 59.63 |
| EBITDA | 28.39 | 7.18 | 1.76 |
| PAT | 20.24 | 4.28 | 0.06 |
| Net Worth | 27.45 | 6.98 | 2.38 |
| Reserves & Surplus | 38.29 | 18.05 | 14.94 |
| Total Borrowings | 4.23 | 4.77 | 6.47 |
Valuation
| Particular | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs.) | 28.90 | 22.78 |
| P/E (x) | 19.20 | 24.37 |
| Promoter Holding | 99.99% | — |
| Market Cap | Rs. 493.27 Cr | — |
| Particular | Details |
|---|---|
| Company Promoters | Mr. Sameer Vishvanath Attavar and Mrs. Meeta Sameer Attavar |
| Company Address | Plot No. A-173/7, T.T.C Industrial Area, MIDC, Kharine, Navi Mumbai, Maharashtra, 400710 |
| Contact Number | +022-68175555 |
| cs@zelioebikes.com |
| IPO Lead Manager(s) | Details |
|---|---|
| Book Running Lead Manager | Hem Securities Ltd. |
| IPO Registrar | Details |
|---|---|
| Registrar | MUFG Intime India Pvt. Ltd. |
| Contact | +91-22-4918 6270 |
| vividelectromech.smeipo@in.mpms.mufg.com |
Chanakya View
Vivid Electromech operates in the electrical panel and automation systems segment, serving sectors such as data centres, infrastructure, metros, renewables and industrial manufacturing. The company’s integrated manufacturing capabilities and system integration model provide it with an execution advantage in a project-led business environment.
The financial performance reflects strong growth momentum, with revenue rising sharply and profitability improving significantly in FY25. Expansion into a new manufacturing unit and working capital support may strengthen capacity and execution capability in the medium term.
However, the issue comes at a premium valuation for an SME offering, and investors should closely track whether recent margin expansion and growth momentum remain sustainable. The business also remains linked to project execution cycles and sectoral capex demand.
From an investment perspective, the IPO may attract investors looking for high-growth electrical and automation manufacturing exposure in the SME segment, though valuation comfort and risk appetite suitable for SME issues remain essential.
Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
Vivid Electromech IPO GMP is currently inactive and stands at Rs. NIL as per latest grey market indications.
Vivid Electromech IPO price band is Rs. 528 to Rs. 555 per share.
Vivid Electromech IPO lot size is 240 shares. Minimum retail application is 2 lots or 480 shares.
Vivid Electromech IPO is expected to list on Apr 6, 2026 on NSE SME.
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