Vivid Electromech was incorporated on August 10, 1990. The company is engaged in panel manufacturing and system integration, providing electrical and automation solutions across engineering, design, fabrication, assembly, testing, and commissioning. Its products are used in power distribution, load management, process control, and industrial automation across various sectors
| Bidding Dates |
|---|
| 25 Mar 2026 - 30 Mar 2026 |
| Subscription |
|---|
| 1.05x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,53,440 | 2 | 2 | 240 | 2.4 M | ₹528 - ₹555 | 73.53 % | ₹1241.9 M - ₹1305.4 M | RHP DOC |
Vivid Electromech IPO SUBSCRIPTION STATUS
30 Mar '26Vivid Electromech IPO overall subscription rate was 1.05 times the total available shares
Vivid Electromech IPO retail subscription rate was 0.48 times in the retail segment
Vivid Electromech IPO non-institutional investor subscription rate was 2.46 times in the non-institutional investor category
Vivid Electromech IPO Qualified Institutional Bidder subscription rate was 1.03 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Mar 2026 (Day 3) | 0.48x | 2.46x | 1.03x |
27 Mar 2026 (Day 2) | 0.18x | 1.56x | 0.67x |
25 Mar 2026 (Day 1) | 0.02x | 0.94x | 0.64x |
Vivid Electromech FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 70.6 | 9.4 | 6.2 | -11.9 | 19.1% |
| FY25 | 155.3 | 20.2 | 6.9 | 5.3 | 18.3% |
| FY24 | 88.9 | 4.3 | 3.4 | 2.8 | 8.1% |
| FY23 | 59.3 | 0.1 | 6.3 | 3.0 | 3.0% |
Vivid Electromech IPO SUBSCRIPTION STATUS DETAILS
Vivid Electromech had 2.4 M shares on offer
Vivid Electromech IPO offer price was in the range ₹528 - ₹555
Vivid Electromech IPO minimum Investment was ₹253440
Vivid Electromech IPO issue size was ₹ 1241.9 M - ₹ 1305.4 M
Vivid Electromech had a minimum lot size of 240 Shares per application
Vivid Electromech NUMBER OF SHARES ON OFFER
Vivid Electromech IPO IMPORTANT DATES
| Issue Open Date | 25 Mar 2026 |
| Issue close Date | 30 Mar 2026 |
| Allotment Date | 02 Apr 2026 |
| Refund Date | 06 Apr 2026 |
| Demat Account Credit Date | 06 Apr 2026 |
| Listing Date | 07 Apr 2026 |
| Listing on Exchange(s) | NSE |
| Vivid Electromech Allotment Status | Exchange/ Registrar |
Vivid Electromech IPO subscription opened on 25 Mar 2026, and closed on 30 Mar 2026
IPO allotment for Vivid Electromech was finalized on Thursday, 02 Apr 2026
IPO listing for Vivid Electromech was on NSE on Tuesday, 07 Apr 2026
Vivid Electromech IPO LISTING GAINS
| Issue Price (adjusted) | 555.0 |
| Listing Open Price | 565.0 |
| Listing Close Price | 563.0 |
| Listing Gain% | 1.8% |
| Current Gain% | 160.9% |
Vivid Electromech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vivid Electromech Ltd. | 1448 | 1287 | 40.7 | 0.7 | 6.4 | 43.1 | 16.2 | 201.1 | 29.1 | 31.6 | 56.1 | 35.6 | 56.1 |
| KRN Heat Exchanger and Refrigeration Ltd. | 1208.4 | 7511 | 98.2 | 2.2 | 12.5 | 13.3 | 8.2 | 609.8 | 38.1 | 76.5 | 44.6 | 12.3 | 44.6 |
| Centum Electronics Ltd. | 3851.8 | 5684.9 | -110.6 | 0 | 4.6 | -13.6 | -3.6 | 968.6 | -16.8 | -46.7 | -1999.6 | -34.8 | -2567.5 |
| Cyient DLM Ltd. | 685.6 | 5442.1 | 66.3 | 3.7 | 4 | 7.2 | 4.5 | 1297.7 | -16 | 73.3 | 7.6 | 10.3 | 18.1 |
| Marine Electricals (India) Ltd. | 336.9 | 4659.1 | 79.8 | 1.5 | 5.3 | 11.8 | 6.6 | 893.2 | 14.5 | 58.4 | 51.9 | 4.2 | 51.9 |
| Hind Rectifiers Ltd. | 1310.2 | 4503.4 | 100.1 | 4.7 | 4.5 | 21.6 | 6.8 | 1000.8 | 52.4 | 45 | 21.3 | 13.1 | 21.3 |
Vivid Electromech INFORMATION ON IPO ISSUE
About Vivid Electromech
Vivid Electromech was incorporated on August 10, 1990. The company is engaged in panel manufacturing and system integration, providing electrical and automation solutions across engineering, design, fabrication, assembly, testing, and commissioning. Its products are used in power distribution, load management, process control, and industrial automation across various sectors
Object of the Issue
- Funding the capital expenditure requirements towards setting up of a new manufacturing unit
- Repayment of certain borrowings availed by the company
- To meet working capital requirements of the company
- General corporate purpose
Vivid Electromech - PROMOTERS
| Name |
|---|
| Sameer Vishvanath Attavar |
| Meeta Sameer Attavar |
Vivid Electromech - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sameer Vishvanath Attavar | Chairman & Managing Director |
| Meeta Sameer Attavar | Whole Time Director |
| Hardik Dinesh Shah | Non-Executive Director |
| Kiran Sudhakar Shetty | Non-Executive Independent Director |
| Pratik Kabra | Non-Executive Independent Director |
Vivid Electromech Book Running Lead Manager
HEM Securities Limited
ib@hemsecurities.com
Vivid Electromech Registrar to the issue
MUFG Intime India Private Limited
vividelectromech.smeipo@in.mpms.mufg.com
Vivid Electromech Strengths
Diverse product portfolio
The company manufactures a wide range of low voltage and medium voltage electrical panels and busbar systems, including customized solutions based on client requirements. Its products serve sectors such as data centres, manufacturing, infrastructure, utilities, and power generation across India and select international markets
Quality control & safety
The company follows stringent quality and safety procedures across all manufacturing stages, supported by ISO certifications and compliance with international standards. Its in-house testing facilities and inspection processes ensure product reliability, performance consistency, and adherence to specifications
Integrated manufacturing facilities
The company operates fully integrated manufacturing facilities in Navi Mumbai and Pune, enabling end-to-end in-house production from design to testing. This setup ensures better quality control, faster turnaround, and reduced dependence on third-party vendors
Vivid Electromech Risks
Working capital intensive
The company operates in a working capital-intensive business, requiring significant funds for inventory and extended credit to customers, including PSUs and contractors. Any inability to generate sufficient cash flows may affect its ability to meet obligations and impact operational and financial performance
Limited warranty risks
The company provides limited warranties on its LV and MV panels, and any product defects or performance failures may require repairs or replacements. Such issues could lead to additional costs, customer dissatisfaction, and potential reputational and financial impact
Counterparty credit risk
The company is exposed to counterparty credit risk, and delays or defaults in customer payments may impact its cash flows and working capital. Extended credit terms and payment delays could lead to cash flow mismatches, increased receivables, and potential financial strain
IPO FAQs
This IPO consists of an offer for sale of up to Rs 26.0 crore, of 468,000 shares. It also consists of a fresh issue of Rs 104.6 crore.
The promoters of the company are Sameer Vishvanath Attavar and Meeta Sameer Attavar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 528.0 - 555.0.
The IPO application opens on Mar 25, 2026 and closes on Mar 30, 2026.
The minimum lot size for the IPO is 480. The maximum lot size for the IPO is 480.
For all category investors, the minimum application amount for this IPO is Rs. 253,440.0, the maximum value for this IPO is Rs 266,400.0.
This IPO will be allotted on Apr 02, 2026.
The refund will be credited to your account on Apr 06, 2026.
The allotted shares will be credited to your demat on Apr 06, 2026.
Vivid Electromech Ltd.’s shares listed on the stock exchanges on Apr 07, 2026.