Vivid Electromech IPO to raise ₹131 crore on NSE Emerge, opens March 25

Vivid Electromech, manufacturer of Low-Voltage (LV) & Medium-Voltage (MV) electric panels and integration service provider to Data Centres, Metro Projects and Solar & Renewable Energy sectors, plans to raise ₹131 crore through an initial public offering on NSE Emerge.

The company will issue 23.52 lakh equity shares in the price band of ₹528 - ₹555 a share. The offer includes fresh equity share issuance of 18.84 lakh equity shares and offer for sale of 4.68 lakh equity shares.

The IPO will open for bidding on March 25.

Use of IPO proceeds

The net proceeds from the IPO will be used to fund capital expenditure requirements for the setting up of a new manufacturing unit in Ambernath, repay borrowings, meet working capital requirements, and for general corporate purposes.

HEM Securities has been appointed as the Book Running Lead Manager to the issue. MUFG Intime India will be the Registrar.

Management outlook on growth opportunities

Sameer Vishvanath Attavar, Chairman & Managing Director of Vivid Electromech, said “India’s rapid expansion in data centres, metro rail, renewable energy and industrial infrastructure is creating a significant opportunity for high-quality electrical and electromechanical solutions.

The proposed investment in a new manufacturing facility will substantially enhance production capacity, improve operational efficiency and enable the company to undertake larger and more complex turnkey projects, he said.

This expansion will also help reduce execution timelines, improve cost efficiencies and strengthen the ability to service multiple large orders simultaneously, he said.

Capacity expansion and partnerships

Gaurav Jain, Director of HEM Securities, said that, with 3 decades of experience, the company has OEM associations with ABB, Lauritz Knudsen, and Schneider Electric, along with authorisations for L&T and ABB platforms.

Building on this strong base, the company is now expanding its manufacturing footprint through a new, fully integrated facility at Ambernath, which is expected to result in over 3 times the capacity, he said.

The enhanced scale, along with its existing integrated facilities in Navi Mumbai and Pune, is likely to improve execution capabilities and enable participation in larger, high-value projects, he added.

Published on March 21, 2026