The allotment status for the ₹33.98 crore Vans Electroengineerings IPO is expected to be finalised today, October 5, 2026. The issue received an overall subscription of 628.73 times, reflecting strong demand during the bidding period. Investors can check their allotment status through the official websites of the BSE and IPO registrar Bigshare Services Private Limited.
The shares are tentatively scheduled to list on the BSE SME platform on October 7, 2026, following the completion of the allotment process.
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[September 28, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
281.65x |
|
Non-Institutional Investors (NIIs) |
1,031.87x |
|
Retail Individual Investors (RIIs) |
686.32x |
|
Total |
628.73x |
The company intends to utilise the net proceeds from the fresh issue towards:
Incorporated in 2022, Vans Electroengineerings is a certified manufacturer and supplier of traction power supply and overhead equipment components used in railway electrification, metro systems and renewable energy applications. Its product portfolio includes single-pole and double-pole vacuum circuit breakers and vacuum interrupters, with products approved by RDSO for railway applications.
The company operates a manufacturing facility in Salem, Tamil Nadu, equipped with in-house testing and quality control infrastructure. It has also received approvals from CORE and RDSO and conducts product testing through KERI, South Korea, and CPRI, Bengaluru, against applicable international standards.
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
22.84 |
13.56 |
2.60 |
|
EBITDA |
7.23 |
2.48 |
0.02 |
|
Profit After Tax (PAT) |
5.39 |
1.72 |
0.02 |
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