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Vivid Electromech IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Vivid Electromech Limited is an ISO 9001:2015 certified company engaged in manufacturing Low-Voltage (LV) and Medium-Voltage (MV) electrical panels and automation systems. It provides end-to-end solutions including design, fabrication, assembly, testing, and commissioning. The company earns revenue primarily from domestic sales (over 97% contribution) and serves industries like data centres, infrastructure, renewable energy, and manufacturing.
Vivid Electromech an Book Built Issue, amounting to ₹
130.54 Crore,consisting an fresh issue of
0.19 crore shares aggregating to ₹
104.56 crore and offer for sale of
0.05 crore shares aggregating to ₹
25.97 crore The subscription period for the Vivid Electromech IPO opens on March 25, 2026, and close on March 30, 2026. The allotment is expected to be finalized on or about 01 April, 2026, Wednesday, and the shares will be listed on the BSE with a tentative listing date set on or about Tuesday, April 07, 2026.
The Share Price Band of Vivid Electromech IPO is set at ₹528 to ₹555 per share per equity share. The Market Capitalisation of the Vivid Electromech at IPO price of ₹555 per equity share will be ₹
493.26. The lot size of the IPO is
240 shares. Retail investors are required to invest a minimum of ₹
266,400, 2 lots (
480 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
720 shares), amounting to ₹
399,600.
HEM SECURITIES LIMITED, the book running lead manager of the Vivid Electromech Ltd. while MUFG INTIME INDIA PRIVATE LIMITED is the registrar for the issue.The Market Maker of the company is Hem Finlease Pvt.Ltd.
Vivid Electromech Limited IPO GMP Today
The Grey Market Premium of Vivid Electromech IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Vivid Electromech Limited IPO Live Subscription Status Today: Real-Time Update
As of 06:30 PM on March 30, 2026, the Vivid Electromech IPO live subscription status shows that the IPO subscribed 1.06 times on its Final Day of subscription period. Check the Vivid Electromech IPO Live Subscription Status Today at BSE.
Vivid Electromech Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Vivid Electromech IPO allotment date is 01 April, 2026, Wednesday, Vivid Electromech IPO Allotment will be out on 01 April, 2026, Wednesday, and will be live on Registrar Website from the allotment date.
MUFG INTIME INDIA PRIVATE LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Vivid Electromech IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Vivid Electromech Limited IPO
Vivid Electromech to utilise the Net Proceeds towards the following objects:
1. ₹4,384.32 Lakhs is required for Funding the capital expenditure requirements towards setting up of a new manufacturing unit
2. ₹929.86 Lakhs is required for Repayment of certain borrowings availed by the Company
3. ₹3,600.00 Lakhs is required for To meet working capital requirements of our Company
4. General Corporate Purposes.
Refer to Vivid Electromech Limited RHP for more details about the Company.
Vivid Electromech Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| March 23, 2026 | ₹ 555 | ₹ 555 | ₹0(0.0%) | 23 March 2026; 11:10 AM |
| March 23, 2026 | ₹ 555 | ₹ 555 | ₹0(0.0%) | 24 March 2026; 05:22 PM |
Vivid Electromech IPO Details
| Market Capitalization | ₹493.27 Cr |
| IPO Date | March 25, 2026 to March 30, 2026 |
| Listing Date | April 07, 2026 |
| Face Value | ₹10 Per Share |
| Price Band | ₹528 to ₹555 per share |
| Issue Price | ₹555 per share |
| Employee Discount | NA |
| Lot Size | 240 Equity Shares |
| Total Issue Size | 23,52,000 Equity Shares (aggregating to ₹130.54 Cr) |
| Fresh Issue | 18,84,000 Equity Shares (aggregating to ₹104.56 Cr) |
| Offer for Sale | 4,68,000 Equity Shares (aggregating to ₹25.97 Cr) |
| Issue Type | Book Built Issue |
| Listing At | NSE SME |
| Share holding pre issue | 70,03,550 |
| Share holding post issue | 88,87,550 |
| Rating | Avoid |
Vivid Electromech IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Vivid Electromech IPO Timeline (Tentative Schedule)
| IPO Open Date | Wed, Mar 25, 2026 |
| IPO Close Date | Mon, Mar 30, 2026 |
| Basis of Allotment | Wed, Apr 1, 2026 |
| Initiation of Refunds | Thu, Apr 2, 2026 |
| Credit of Shares to Demat | Thu, Apr 2, 2026 |
| Listing Date | Tue, Apr 6, 2026 |
| Cut-off time for UPI mandate confirmation | Wed, Apr 1, 2026 |
Vivid Electromech IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 1,116,600 | Not less than 50% of the Net Offer |
| Non-Institutional Investor Portion | 334,980 | Not more than 15% of the Net Issue |
| Retail Shares Offered | 781,620 | Not more than 35% of the Net Offer |
| Market Maker Portion | 118,800 | - |
Vivid Electromech IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 78.80% |
Vivid Electromech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 480 | ₹266,400 |
| Retail (Max) | 2 | 480 | ₹266,400 |
| S-HNI (Min) | 3 | 720 | ₹399,600 |
| S-HNI (Max) | 7 | 1,680 | ₹932,400 |
| B-HNI (Min) | 8 | 1,920 | ₹1,065,600 |
Vivid Electromech IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 1,116,600 | 8,68,320 | 0.78x | 31 March 2026; 10:29 AM |
| Non Institutional Investors(NIIS) | 453,780 | 5,02,080 | 1.11x | 31 March 2026; 10:29 AM |
| Retail Individual Investors (RIIs) | 781,620 | 2,85,120 | 0.36x | 31 March 2026; 10:30 AM |
| Total | 15,64,320 | 16,55,520 | 1.06x | 31 March 2026; 10:30 AM |
About Vivid Electromech Limited
Vivid Electromech Limited is an ISO 9001:2015 certified company engaged in manufacturing Low-Voltage (LV) and Medium-Voltage (MV) electrical panels and automation systems. It provides end-to-end solutions including design, fabrication, assembly, testing, and commissioning. The company earns revenue primarily from domestic sales (over 97% contribution) and serves industries like data centres, infrastructure, renewable energy, and manufacturing.
The company caters to both domestic and international clients across countries such as UAE, Kenya, Sri Lanka, Indonesia, and UK. Its major manufacturing facilities are located in Navi Mumbai (Unit I) and Pune (Unit II). The Navi Mumbai unit handles complete manufacturing including fabrication and testing, while the Pune unit focuses on assembly operations. Both facilities are ISO certified with a combined capacity of 7,500 units per annum.
The company’s product portfolio includes PCC, MCC, IMCC panels, DG Synchronization panels, VCB panels, Control & Relay Panels, and APFC panels. These products are critical in power distribution, automation, and industrial operations, forming an essential part of the client’s infrastructure lifecycle. The company executes orders through integrated manufacturing and caters to diverse industries, ensuring repeat demand and long-term business relationships.
The company is planning expansion through setting up a new manufacturing facility with a total project cost of ₹6,638.69 lakhs, funded through IPO proceeds, internal accruals, and bank loans. A portion of IPO proceeds will also be used for repayment of bridge loans (~₹1,203.72 lakhs), indicating a focus on capacity expansion and financial strengthening.
Employee and Bankers
December 31, 2025, the company had 239, full time employees. The Banker to the Company isKotak Mahindra Bank Limited.
Management and Growth Outlook
The company is promoted by Sameer Vishvanath Attavar, Meeta Sameer Attavar, and Hardik Dinesh Shah, who bring decades of industry experience. The management focuses on expanding its presence in high-growth sectors like data centres, infrastructure, and renewable energy.
Their growth strategy includes capacity expansion, technological upgrades, and strengthening client relationships. The company is also focusing on increasing its footprint in both domestic and international markets.
For funding expansion, the company plans to utilise IPO proceeds along with internal accruals and bank financing, ensuring a balanced capital structure. The focus is on improving operational efficiency and scaling manufacturing capabilities to meet rising demand.
Industry Overview
Vivid Electromech operates in the capital goods and electrical equipment industry, which plays a key role in infrastructure and industrial development. The Indian capital goods sector contributes around 1.9% to GDP and has shown strong growth, with production increasing from ₹2,29,533 crore in CY15 to ₹4,29,001 crore in CY24.
Key industry segments include transformers, switchgear, and electrical systems:
- Transformer market: ₹16,063 crore in FY22, expected to reach ₹28,744 crore by FY30
- Switchgear market: Expected to grow at 7.12% CAGR
- Generator market: Expected CAGR of 5%+
The sector is supported by government capex, infrastructure growth, and 100% FDI policy, which boosts investment and technology adoption. The industry is expected to grow at 13–15% annually in the near term.
Globally, demand is driven by energy transition, industrial automation, and infrastructure expansion, making this a structurally growing industry.
Key Risk Factors
- Customer Concentration Risk
The company depends heavily on a few customers, with the top 10 clients contributing up to 69.90% of revenue, which may impact stability if any key client is lost. - High Dependence on Domestic Market
More than 97% of revenue comes from domestic sales, making the company vulnerable to economic slowdown in India. - Execution and Project Risk
Delay in execution of orders or projects may affect revenue recognition and profitability, especially in large infrastructure-related contracts. - Raw Material Price Volatility
Key inputs like steel, copper, and aluminium are subject to price fluctuations, which can impact margins if costs cannot be passed on. - Litigation Risk
The company is involved in multiple legal cases related to recovery of dues, which may impact financials and management bandwidth. - Capex Execution Risk
The new project of ₹6,638.69 lakhs may face delays or cost overruns, affecting returns and operational timelines. - Competitive Industry
The electrical equipment industry has strong competition from large players like ABB, Siemens, and L&T, which may impact pricing power and market share.
Key Strengths and Opportunities
- Integrated Manufacturing Capabilities
The company has fully integrated facilities handling design to testing, ensuring better quality control and cost efficiency, which acts as a strong competitive advantage. - Diverse Product Portfolio
Wide range of LV and MV panels allows the company to cater to multiple industries, reducing dependency on a single sector. - Strong Industry Demand
Growth in infrastructure, renewable energy, and data centres provides long-term demand visibility for electrical panels and automation systems. - High Domestic Market Presence
Strong domestic revenue base ensures steady demand, especially with rising government capex and industrial growth. - Expansion through IPO
Planned capex of over ₹6,600 lakhs will enhance production capacity and improve scalability, supporting future growth. - Experienced Promoters and Management
Promoters with over 30 years of experience provide stability and strategic direction, which is critical in execution-driven businesses.
Vivid Electromech Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Sep 30, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 4,423.32 | 3,829.22 | 1,804.82 | 1,493.55 |
| Total Assets | 11,961.50 | 11,530.28 | 6,237.72 | 5,513.82 |
| Total Borrowings | 1,416.96 | 423.11 | 476.77 | 646.69 |
| Fixed Assets | 4,051.52 | 2,308.29 | 2,262.12 | 2,331.85 |
| Cash | 305.06 | 533.28 | 169.58 | 29.78 |
| Cash flow from operating activities | 618.45 | 689.48 | 343.95 | 631.65 |
| Cash flows from investing activities | -1,783.32 | -164.02 | -202.55 | -371.52 |
| Cash flow from financing activities | 961.51 | -106.17 | -237.53 | -265.53 |
| Net Borrowing | 1,111.90 | -110.17 | 307.19 | 616.91 |
| Revenue | 7,088.59 | 15,577.05 | 8,954.83 | 5,963.02 |
| EBITDA | 1,349.81 | 2,838.79 | 718.02 | 175.84 |
| PAT | 944.29 | 2,024.40 | 428.00 | 6.29 |
| PAT Margin | 13.32% | 13.00% | 4.78% | 0.11% |
| EPS | 13.48 | 28.9 | 6.11 | 0.09 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 28.9 |
| EPS Post IPO (Rs.) | 22.78 |
| Adjusted 12M EPS Post IPO (Rs.) | 21.25 |
| P/E Pre IPO | 19.20 |
| P/E Post IPO | 24.37 |
| Adjusted 12M P/E Post IPO | 26.12 |
| ROE | 117.61% |
| ROCE | 87.34% |
| P/BV | 14.16 |
| Debt/Equity | 0.15 |
| RoNW | 73.76% |
| EBITDA Margin | 18.28% |
| PAT Margin | 13.00% |
Vivid Electromech Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Vivid Electromech | 22.78 | 24.37 | 117.61% | 87.34% | 14.16 | 0.15 | 73.76% |
| Shivalic Power Control | 5.50 | 13.26 | 16.1 % | 19.4 % | 1.47 | 0.04 | 11.15% |
| Marine Electricals (india) | 2.81 | 62.09 | 11.6 % | 16.1 % | 5.80 | 0.13 | 9.34% |
Vivid Electromech Limited Contact Details
Vivid Electromech Limited
Phone: +022-68175555
Email: cs@vividgroup.in
Website: http://www.vividgroup.in/
Vivid Electromech IPO Registrar and Lead Manager(s)
MUFG INTIME INDIA PRIVATE LIMITED
Phone: +91 810 811 4949
Email: vividelectromech.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/
- HEM SECURITIES LIMITED
Phone: +91- 22- 4906 0000
Email: ib@hemsecurities.com
Website: http://www.hemsecurities.com/
Vivid Electromech IPO Review
Vivid Electromech Limited is an ISO 9001:2015 certified company engaged in manufacturing Low-Voltage (LV) and Medium-Voltage (MV) electrical panels and automation systems. It provides end-to-end solutions including design, fabrication, assembly, testing, and commissioning. The company earns revenue primarily from domestic sales (over 97% contribution) and serves industries like data centres, infrastructure, renewable energy, and manufacturing.
The Company is led by Promoter, Sameer Vishvanath Attavar, Meeta Sameer Attavar and Hardik Dinesh Shah
The Revenues frorom operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 7,088.59 Thousand, ₹ 15,577.05 Thousand, ₹ 8,954.83 Thousand, and ₹ 5,963.02 Thousand, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,349.81 Thousand, ₹ 2,838.79 Thousand, ₹ 718.02 Thousand, and ₹ 175.84 Thousand, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 944.29 Thousand, ₹ 2,024.40 Thousand, ₹ 428.00 Thousand, and ₹ 6.29 Thousand, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 28.9 and post-issue EPS of ₹ 22.78 for FY25. The pre-issue P/E ratio is 19.20x,while the post-issue P/E ratio is 24.37x against the Industry P/E ratio is NAx The company's ROE for FY25 is 117.61% and RoNW is 73.76% The Annualised EPS is ₹ 21.25x and P/E is ₹ 26.12x , These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Vivid Electromech showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Vivid Electromech Limited. IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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