Vans Electroengineerings IPO

About Vans Electroengineerings IPO

Vans Electroengineerings IPO, an SME IPO, opens on Tuesday, September 29, 2026 and closes on Thursday, October 1, 2026. The allotment of shares will take place on Monday, October 5, 2026. The listing of shares will take place on BSE SME platform on October 7, 2026.

Vans Electroengineerings IPO’s price band is set at₹112 to ₹118 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by a retail individual investor is ₹2,83,200 (2,400 shares) based on the upper price.

The offer consists of a fresh issue component. The fresh issue will include 0.29 crore shares of ₹33.98 crores. The total number of shares and aggregate amount are 28,80,000 shares aggregating up to ₹34 crores.

Vans Electroengineerings is an ISO 9001:2015 certified company, engaged in the business of manufacturing and supplying components of traction power supply and overhead equipment systems used in Indian railway electrification infrastructure and metro systems along with renewable energy systems. The aforementioned equipment is mainly supplied to Indian Railways and railway contractors.

Objectives of Vans Electroengineerings IPO

• To meet working capital requirements of the company.

• General corporate purpose.

Industry Outlook

India's railway network is recognised as one of the largest railway systems in the world under single management. The railway network is also ideal for long-distance travel and movement of bulk commodities, apart from being an energy-efficient and economic mode of conveyance and transport. Indian Railways is the preferred carrier of automobiles in the country.

The government of India has focused on investing in railway infrastructure by making investor-friendly policies. It has moved quickly to enable Foreign Direct Investment (FDI) in railways to improve infrastructure for freight and high-speed trains. At present, several domestic and foreign companies are also looking to invest in Indian rail projects. Indian Railways, as of 2025, has expanded 35,000 km of track, produces 30,000 wagons and 1,500 locomotives annually, increased freight share to 29 %, cut accidents by 80 %, and plans 1,000 new trains and bullet train operations by 2027.

About Vans Electroengineerings

Vans Electroengineerings is an ISO 9001:2015 certified company, engaged in the business of manufacturing and supplying components of traction power supply and overhead equipment systems used in Indian railway electrification infrastructure and metro systems along with renewable energy systems. The aforementioned equipment is mainly supplied to Indian Railways and railway contractors.

The company possess expertise in manufacture and supplying of traction power supply and overhead equipment system, which assists them in maintaining a product portfolio approved by the Research Designs and Standards Organization (RDSO) and for use in traction substations, sectioning posts, feeding posts and other railway electrification applications: - Single Pole Vacuum Circuit Breakers - Double Pole Vacuum Circuit Breakers - Single Pole Vacuum Interrupter - Double Pole Vacuum Interrupter.

Strengths of Vans Electroengineerings

• Niche market focus with quality and timely delivery.

• Quality assurance standards and RDSO approved entity.

• Core engineering and integrated engineering, assembling and testing capabilities.

• Established customer base and geographical footprint.

• Experienced and qualified promoters.

Risks of Vans Electroengineerings

• Their business and revenue are substantially dependent on the Indian Railways.

• They derive a significant portion of their revenue from the sale of their two-key product verticals i.e. Vacuum Circuit Breakers and Vacuum Interrupters.

• A significant portion of their revenue from operations is derived from a limited number of customers.

• They are contractually and commercially subject to stringent quality, performance and delivery obligations and any failure to comply with such obligations may expose them to claims, penalties, cancellation of orders and reputational harm.

Anchor Investor Bidding Date

Monday, September 28, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details

Bigshare Services Pvt.Ltd.

Email: ipo@bigshareonline.com

Tel.: 8657578989/8069219065/8069219060

Book Running Lead Manager

Hem Securities Ltd.

Vans Electroengineerings Contact Details

Plot 17, SIDCO Women's Industrial Estate, Karuppur, Salem, Tamil Nadu, 636011

Email: cs@vanselectroengineerings.com

Phone: 9677114470

Vans Electroengineerings Business Model

The company earns its revenue by manufacturing and supplying components of traction power supply and overhead equipment systems used in Indian railway electrification infrastructure and metro systems along with renewable energy systems.

Vans Electroengineerings Growth Trajectory

Vans Electroengineerings’s Total Income for FY26 was ₹23.19 crores, whereas in FY25 and FY24 it was ₹13.82 crores and ₹2.76 crores, respectively.

The Profit After Tax for FY26 was ₹5.39 crores, whereas in FY25 and FY24 it was ₹1.73 crores and ₹0.02 crores, respectively.

Their EBITDA for FY26 was ₹7.22 crores, whereas in FY25 and FY24 it was ₹2.48 crores and ₹0.02 crores, respectively.

Vans Electroengineerings Market Position

The company’s quality control capabilities enable it to develop required solutions for Indian railways, metro systems, industrial duty, and special applications while ensuring compliance with applicable domestic and international standards. As a testament to their commitment towards quality along with in-house testing, they have engaged with Korea Electrotechnology Research Institute (KERI), South Korea and Central Power Research Institute (CPRI), Bangalore to conduct various tests, ensuring compliance with international standards including IEC 62505-1: 2016, IEC 62271-100/2017-07 among other standards, to offer products and solutions aligned with global benchmarks.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹23.19 crores, ₹5.39 crores, and ₹7.22 crores, respectively.

How to apply for Vans Electroengineerings IPO?

Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.