Vans Electroengineerings Limited IPO
Open nowSME
2.47×
Subscribed
Price band
₹112 – ₹118
Lot size
1,200
1 lot = ₹1,41,600
Open – close
29 Sept 2026
to 01 Oct 2026
Listing
07 Oct 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. No offer document for this issue has been published yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens29 Sept 2026
- Closes01 Oct 2026
- Allotment05 Oct 2026
- Listing07 Oct 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB0.00x
Non-institutionalNII / HNI1.54x
Big NIIabove ₹10L1.76x
Small NII₹2L – ₹10L2.76x
Retail individualRII4.54x
Employee0.07x
1,931 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 29 Sept 2026.
Chance of allotment
Retail4.54× subscribed
~1 in 4.5
Minimum 2 lots · 2,400 shares · ₹2,83,200 blocked
Retail is 4.54× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 4.5 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII1.54× subscribed
~1 in 1.5
Minimum 1 lot · 1,200 shares · ₹1,41,600 blocked
HNI is 1.54× subscribed. This category is allotted proportionately, so a bid receives roughly 1/1.5 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹45+38.1%
over the upper band · last seen 29 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹112 – ₹118
Face value₹10
Lot size1,200shares
Minimum application₹1,41,600at cut-off
Listing atSME platform
Anchor investorsAllotted
Company & valuation
ROE83.27%
ROCE63.96%
Debt/Equity0.28
RoNW58.79%
PAT Margin23.61%
EBITDA Margin31.63%
NAV11.46
P/B (x)10.30
RegistrarBIGSHARE SERVICES PRIVATE LTD
Lead managersHEM SECURITIES LIMITED
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 13,41,600 | 46.58% |
| Anchor Investor | 8,04,000 | 27.92% |
| QIB (Ex. Anchor) | 5,37,600 | 18.67% |
| NII (HNI) | 4,03,200 | 14.00% |
| bNII > ₹10L | 2,66,400 | 9.25% |
| sNII < ₹10L | 1,36,800 | 4.75% |
| Retail | 9,40,800 | 32.67% |
| Employee | 48,000 | 1.67% |
| Market Maker | 1,46,400 | 5.08% |
Total issue 28,80,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,83,2002 lots · 2,400 sh
Individual investors (IND) (Max)₹2,83,2002 lots · 2,400 sh
S-HNI (Min)₹4,24,8003 lots · 3,600 sh
S-HNI (Max)₹9,91,2007 lots · 8,400 sh
B-HNI (Min)₹11,32,8008 lots · 9,600 sh
Employee (Min)₹2,83,2002 lots · 2,400 sh
Employee (Max)₹4,24,8003 lots · 3,600 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted8,04,000
Anchor portion₹9.49 Cr
Bid date28 Sept 2026
Lock-in ends (50%)04 Nov 2026
Lock-in ends (rest)03 Jan 2027
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+0.0%
Listed up
2 of 8
Best
+90.0%
SpectraA Technology
Worst
-7.9%
Panchatv Bharat
SpectraA Technologysame segment
304.1× sub+90.0%
Kheria Autocompsame segment
2.5× sub+3.9%
Shakti Polytarpsame segment
11.9× sub-0.2%
Vama Wovenfabsame segment
2.5× sub+0.0%
Century Businesssame segment
57.9× sub+0.0%
Injecto Polymerssame segment
1.2× sub-1.0%
Panchatv Bharatsame segment
1.4× sub-7.9%
Raksan Transformerssame segment
47.4× sub+0.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Vans Electroengineerings Limited IPO GMP today?
The most recent grey-market premium recorded for Vans Electroengineerings Limited is ₹45 per share — about 38.1% over the ₹118 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Vans Electroengineerings Limited IPO subscribed?
Vans Electroengineerings Limited is subscribed 2.47× overall (QIB 0.00×, NII 1.54×, retail 4.54×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, BIGSHARE SERVICES PRIVATE LTD.
What is the minimum investment in the Vans Electroengineerings Limited IPO?
One lot is 1,200 shares, so a retail application at the ₹118 cut-off price blocks ₹1,41,600. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Vans Electroengineerings Limited IPO?
The retail portion is subscribed 4.54×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 5. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Vans Electroengineerings Limited IPO allotment date?
Allotment is scheduled for 2026-10-05, with listing on 2026-10-07. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, BIGSHARE SERVICES PRIVATE LTD.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.