Vans Electroengineerings came to market through an SME IPO that opened on 29 September 2026 and closed on 1 October 2026, and the shares listed on 7 October 2026 on BSE SME. The price band was ₹112 to ₹118 per share and one lot was 1200 shares, so the minimum application was ₹1,41,600. The issue size was ₹33.98 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹224.2, a gain of 90% against the issue price of ₹118. Bigshare Services Pvt.Ltd was the registrar to the issue, and Hem Securities Ltd was the lead manager.
The issue was subscribed 628.78 times overall.
Incorporated in February 2022, VANS Electroengineerings Limited specializes in manufacturing and supplying components for use in traction power supply and overhead equipment systems for Indian Railway electrification infrastructure, metro systems and renewable energy projects. The company manufactures and supplies its products mainly to Indian Railways and railway construction contractors and the Company is headquartered and manufactures its products from Salem, Tamil Nadu.
The Company manufactures single pole and double pole vacuum circuit breakers (VCBs) and vacuum interrupters (VIs) for traction substation, sectioning post, feeding post and other railway electrification applications. The company has RDSO approved products in its portfolio and the Company has obtained approvals from the Central Organization for Railway Electrification (CORE), including 'approved vendor' status for some products.
The Company is backed by promoters and management team with expertise in electrical & electronics engineering, railway infrastructure, switchgear manufacturing and industrial manufacturing. The Company is engaged in product development, engineering, manufacturing, quality control, marketing and logistics activities. As of August 31, 2026, the Company has a total of 33 employees in manufacturing, product development, quality control, finance and accounts, administration and operations and purchasing and stores departments.
As described in the offer document.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Vans Electroengineerings IPO is a book-built IPO worth ₹33.98 crore. The price band is ₹112–₹118 per share. The IPO opens on Sep 29, 2026 and closes on Oct 1, 2026. It will be listed on BSE SME Platform. Bigshare Services Pvt. Ltd. is the registrar.
The price band of Vans Electroengineerings IPO is ₹112 to ₹118 per share.
The lot size of Vans Electroengineerings IPO is 1200 shares.
The minimum investment for Vans Electroengineerings IPO is approximately ₹2,83,200 based on the upper price band .
The allotment date of Vans Electroengineerings IPO is Oct 5, 2026.
No recorded Grey Market Premium (GMP) quote is currently available for Vans Electroengineerings IPO. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Vans Electroengineerings IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Vans Electroengineerings IPO allotment status on Rupix for quick and easy access.
₹112 to ₹118 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,41,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,41,600, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 29 September 2026 and closed on 1 October 2026.
The basis of allotment was published on 5 October 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 7 October 2026 on BSE SME, opening at ₹224.2.
The issue size was ₹33.98 crore. The fresh issue was 28,80,000 shares (aggregating up to ₹33.98 crore).
It listed at ₹224.2 against an issue price of ₹118, a gain of 90 percent on listing day.