About Vivid Electromech IPO
Vivid Electromech IPO Details
The Vivid Electromech IPO is a 100% book-built issue of 23.52 lakh equity shares worth up to ₹131 crore, including a fresh issue of 18.84 lakh equity shares worth up to ₹105 crore and an offer for sale of 4.68 lakh equity shares worth up to ₹26 crore. The DRHP for the company’s IPO has been filed with SEBI on Sep 26, 2025.
The price band for this IPO is fixed at ₹528 to ₹555 per share and the official opening and closing dates for the subscription of this IPO will be from March 25 to 30, 2026, on the NSE SME Platform. The tentative date for the listing is fixed on April 6, 2026. The book-running lead manager for this IPO is Hem Securities Ltd. and MUFG Intime India Private Ltd is the registrar for this issue.
Vivid Electromech IPO Date & Timeline
The Vivid Electromech IPO is officially set to open for subscription on March 25, 2026 and will close on March 30, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 26, 2025 and has now finalised its schedule following SEBI approval. Once the subscription window closes, the finalisation of the basis of allotment is expected on April 1, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on April 2, 2026. Finally, the Vivid Electromech Ltd. shares are tentatively scheduled to list on the stock exchanges on April 6, 2026.
Vivid Electromech IPO Timeline
| IPO Open Date | Wed, Mar 25, 2026 |
| IPO Close Date | Mon, Mar 30, 2026 |
| Tentative Allotment | Wed, Apr 1, 2026 |
| Initiation of Refunds | Thu, Apr 2, 2026 |
| Credit of Shares to Demat | Thu, Apr 2, 2026 |
| Tentative Listing Date | Mon, Apr 6, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Vivid Electromech IPO Details
| Detail | Description |
|---|---|
| IPO Date | 25 to 30 Mar, 2026 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 528 to ₹ 555 |
| Lot Size | 240 Shares |
| IPO Type | Fresh Capital & OFS |
| Total Issue Size | 23,52,000 shares (agg. up to ₹ 131 Cr) |
| Fresh Issue(Ex Market Maker) | 18,84,000 shares (agg. up to ₹ 105 Cr) |
| Offer for Sale | 4,68,000 shares of ₹10 (agg. up to ₹ 26 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 70,03,800 shares |
| Share Holding Post Issue | 88,87,800 shares |
Vivid Electromech IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Vivid Electromech IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹555 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹0 and a lot size of 240 shares.
Vivid Electromech GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | ₹555.00 | ₹0 | - |
Company Background
Vivid Electromech Ltd. was incorporated as a private limited company under the name "Vivid Electromech Private Limited" on August 10, 1990, in Bombay, Maharashtra. The business has developed over a period of three decades (30+ years) and in February 2025, it was converted into a public limited company in pursuance of its aspiration for a public market listing. The company's current focus is solely on manufacturing electrical panels and automation systems. The business operations of the company are being handled from its registered office located in T.T.C Industrial Area, MIDC, Kharine, Navi Mumbai, Maharashtra.
Operations & Product Range
The main business activities of Vivid Electromech Ltd. include designing, fabricating, assembling, testing and commissioning control systems and automation systems. The main products are categorised into low voltage (LV) products and medium voltage (MV) products. The LV products include power control centres and motor control centres. The MV products include panels ranging from 3.3 kV to 36 kV, VFD Panels, etc. The target markets include data centres, infrastructure, Metro Projects, Renewable Energy, etc.
Facilities & Capacity
Vivid Electromech Ltd currently has two separate manufacturing units for its infrastructure products, one at Kharine in Navi Mumbai and another at Pimpri Chinchwad in Pune. To expand its existing installed capacity, the company has clearly spelt out its plans in its filing. Vivid Electromech plans to use a significant portion of the proceeds from the issue to set up an entirely new manufacturing facility.
Brands & Market Presence
Vivid Electromech Ltd. is very well known as a certified manufacturer of electrical panels and automation systems. One of the major factors for its market presence is its emphasis on quality, as its products are strictly type-tested according to IEC norms. It has strongly embedded itself in the domestic capital goods industry by obtaining Original Equipment Manufacturer (OEM) associations from industry giants such as ABB, LK and Schneider Electric.
Revenue Streams & Business Model
The major source of revenue for Vivid Electromech Ltd. can be traced to the sale of the electrical panels that the company manufactures, along with the revenue from its automation integration contracts. From a financial perspective, the company has experienced significant top-line growth. In terms of figures, the company has achieved a total income of ₹15,577.05 lakhs for the fiscal year ending on March 31, 2025, which is a significant increase compared to the ₹8,954.83 lakhs of the previous fiscal year ending on March 31, 2024.
Management & Shareholding
The promoters of Vivid Electromech Ltd. include Sameer Vishvanath Attavar and Meeta Sameer Attavar. Before the IPO, promoters and promoter groups held 99.99% of the total share capital. However, after the IPO, the shareholding pattern will change as both promoters will be participating in the offer for sale (OFS) part of the IPO.
Board & Key Management
The board and key management of Vivid Electromech Ltd. are led by MD Sameer Vishvanath Attavar, who ensures the strategic direction of the enterprise. The day-to-day financial and regulatory operations are managed by key personnel, specifically CFO Pramod Gulabrao Beloshe and CS Chaitali Rajesh Shah, who also work as compliance officers. The board is structured to meet public company regulatory standards, ensuring appropriate governance as it transitions to a listed entity.
Vivid Electromech IPO Financial Information
Latest Revenue
155.77
₹ Crore
Profit After Tax
20.24
₹ Crore
Net Worth
27.45
₹ Crore
Total Borrowing
4.23
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 115.30 | 155.77 | 20.24 | 27.45 | 38.29 | 4.23 | |||
| 31 Mar 2024 | 62.38 | 89.55 | 4.28 | 6.98 | 18.05 | 4.77 | |||
| 31 Mar 2023 | 55.14 | 59.63 | 0.06 | 2.38 | 14.94 | 6.47 | |||
| Amount in ₹ Crore | |||||||||
Vivid Electromech Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 117.61% |
| ROCE | 87.34% |
| Debt/Equity | 0.15x |
| RoNW | 73.76% |
| PAT Margin | 13.04% |
| EBITDA Margin | 18.28% |
| Price to Book Value | 14.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 28.90 | 22.78 |
| P/E (x) | 19.2 | 24.37 |
Vivid Electromech IPO Objectives
The company intended to use the Vivid Electromech IPO proceeds for some strategic purposes:
- • Funding the capital expenditures for setting up a new manufacturing unit
- • Working capital requirements
- • Repayment of debt (in part or in full)
- • General corporate purposes
Vivid Electromech IPO Review
Vivid Electromech Ltd. has managed to strategically place itself within the emerging landscape of the heavy electrical and switchgear segment of the Indian market. The company manufactures essential electrical panels for critical industry segments such as renewable energy, metro and data centers and can associate itself with the top-notch global OEMs and thus position itself in the supply chain.
In terms of figures, the total revenue generated by the company in FY25 is ₹15,577 lakhs, along with a Profit After Tax (PAT) of ₹2,024 lakhs. However, the potential investor would also need to focus on the risks. The business is subject to the cyclical nature of industrial capital expenditure. It is also dependent on third parties for the supply of key raw materials like copper, steel and switchgear.
Overall, the issue presents an opportunity to gain exposure to the capital goods sector. Investors must consider the company's strong financial growth performance over the past few years against the macroeconomic risks of infrastructure-driven manufacturing companies.
Conclusion
Vivid Electromech IPO presents an opportunity to invest in a growing company and get a glimpse of a fundamentally sound electrical equipment company with over 30 years of operating history. The company's strategy of using new funds to build a new manufacturing facility appears to be a timely move, especially in light of the overall industry opportunity and need for better infrastructure in the US.
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Competitive Strengths
A comprehensive solutions provider in LV and MV panels for various sectors, such as the renewable energy sector and data center solutions.
Established leading OEM relationships with top global companies such as ABB, LK and Schneider Electric, which indicates their technological genuineness.
Over 30 years of operational experience with ISO 9001:2015 certifications and significant financial growth.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 480 | 266400 |
| Individual investors (Retail) (Max) | 2 | 480 | 266400 |
| S-HNI (Min) | 3 | 720 | 399600 |
| S-HNI (Max) | 7 | 1680 | 932400 |
| B-HNI (Min) | 8 | 1920 | 1065600 |