Vivid Electromech's IPO, aiming to raise Rs 130.54 crore, opened for subscription on Wednesday. The company plans to utilize funds for a new manufacturing unit, debt repayment, and working capital. The issue includes both fresh equity and an offer for sale by promoters. Grey market indicators suggest a flat listing.

Vivid Electromech IPO: Check price band, GMP, other details

Synopsis

Vivid Electromech's IPO, aiming to raise Rs 130.54 crore, opened for subscription on Wednesday. The company plans to utilize funds for a new manufacturing unit, debt repayment, and working capital. The issue includes both fresh equity and an offer for sale by promoters. Grey market indicators suggest a flat listing.

The SME initial public offer (IPO) of Vivid Electromech opened for bidding on Wednesday and will close on Monday March 30. The company plans to raise around Rs 130.54 crore through the issue which is a combination of an offer for sale (OFS) and issuance of fresh equity. Ahead of the opening, the grey market premium (GMP) indicated a flat listing.

About Vivid Electromech IPO

The company has set the price band at Rs 528–555 per share and investors can make applications for a minimum of 1 lot which comprises 240 equity shares amounting to Rs 133,200.

The IPO of fresh issue aggregates up to Rs 104.56 crores while the OFS aggregates up to Rs 25.97 crores.

The selling shareholders are promoters Sameer Vishvanath Attavar and Meeta Sameer Attavar.

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Vivid Electromech IPO GMP

Vivid Electromech IPO's last grey market premium (GMP) suggested a flat listing. The GMP is only an indicative price and could change as the issue progresses.

Vivid Electromech IPO net proceeds

The company will utilize Rs 43.84 crore for funding the capital expenditure requirements towards setting up of a new manufacturing unit. Another Rs 9.3 crore will be used to repay certain borrowings availed by the company. The company will spend Rs 25 crore to Meet working capital requirements.

About the company

The company was incorporated in 1990 as Vivid Electromech and it manufactures low-voltage and medium-voltage 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 has two manufacturing facilities in Navi Mumbai and Pune, Maharashtra.

Vivid Electromech Financials

The company's net profit as of September 30, 2025 stood at Rs 9.44 crore. It stood at Rs 20.24 crore as on March 31, 2025 and at Rs 42.8 crore as on March 31, 2024.

Its total revenue as of September 30, 2025 at Rs 69.36 crore. It stood at Rs 155.29 crore as on March 31, 2025 and at Rs 88.90 crore as on March 31, 2024.

Vivid Electromech IPO lead managers

The Book Running Lead Manager (BRLM) is Hem Securities while the registrar to the issue is MUFG Intime India Pvt Ltd.

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