- Price band
- To be announcedNot in this filing
- Issue size
- 23,52,000 sharesAmount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesMon, 2026
- AllotmentWed, 2026
- ListingMon, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 18,84,000 shares
- Offer for sale
- 4,68,000 shares
- Total issue
- 23,52,000 shares
- Market maker portion
- 1,18,800 shares
- Face value
- ₹10
- Listing at
- NSE Emerge
- Promoter holding
- 99.99% → 73.53%
- RHP date
- 19 Mar 2026
Source: Red Herring Prospectus dated 19 Mar 2026Updated
Reservation
Share of the total issue- QIB ex-anchor47.4%
- Retail33.3%
- NII14.3%
- Market maker5.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 7,82,400 | 35.03% | — |
| Non-institutional investors (NII) | 3,35,520 | 15.02% | — |
| QIB, excluding anchor | 11,15,280 | 49.94% | — |
| Market maker | 1,18,800 | — | — |
Source: Red Herring Prospectus dated 19 Mar 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25- EPS (basic)
- ₹28.9
- EPS (basic) (Period ended Sep 30, 2025)
- ₹13.48
- RoNW
- 73.76%
- NAV per share (Period ended Sep 30, 2025)
- ₹52.87
- P/E (Industry average)
- 37.68×
Source: Red Herring Prospectus dated 19 Mar 2026Updated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Sep 20256 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 70.57 | 155.29 | 88.91 | 59.33 |
| Total income | 70.89 | 155.77 | 89.55 | 59.63 |
| EBITDA | 13.50 | 28.39 | 7.18 | 1.76 |
| Profit after tax | 9.44 | 20.24 | 4.28 | 0.06 |
| Net worth | 37.03 | 27.45 | 6.98 | 2.38 |
| Total borrowing | 14.17 | 4.23 | 4.77 | 6.47 |
FY 2024-25 vs FY 2023-24: revenue +74.7%, profit after tax +373.0%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 19 Mar 2026Updated
About the company
Manufactures low-voltage and medium-voltage electrical panels and automation systems, including design, fabrication, testing and commissioning. Serves data centre, infrastructure, solar and industrial customers mainly in India, with two plants in Maharashtra.
- Incorporated
- 1990
- Industry
- Electrical Equipment
- CIN
- U31200MH1990PLC057679
- Website
- vividgroup.in
Source: Red Herring Prospectus dated 19 Mar 2026Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Hardik Dinesh Shah | Promoter | — | — | — |
| Sameer Vishvanath Attavar | Promoter | 68.80% | 52.90% | 1,17,000 |
| Meeta Sameer Attavar | Promoter | 18.35% | 10.51% | 3,51,000 |
| Promoter Group (5 persons) | Promoter group | 12.84% | 10.12% | — |
Source: Red Herring Prospectus dated 19 Mar 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for a new manufacturing unit | 43.84 |
| Repayment of certain borrowings | 9.30 |
| Working capital requirements | 36.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 19 Mar 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Shivalic Power Control Limited | ₹5.5 | 13.26× | — | ₹11.15 |
| Marine Electricals (India) Limited | ₹2.83 | 62.09× | — | ₹9.34 |
| Vivid Electromech LimitedIssuer | ₹28.9 | — | 73.76% | ₹39.19 |
Source: Red Herring Prospectus dated 19 Mar 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Over 30 years of operating history in LV and MV electrical panels.
- ISO 9001:2015 certified, with in-house fabrication, powder coating and testing facilities.
- OEM and licence associations with ABB, L&T, Schneider Electric and others.
- Diversified customer base across data centre, infrastructure, solar and industrial segments.
Risks
- Dependence on a few suppliers and on switchgears mainly from ABB India, with no long-term contracts for most.
- Top 10 customers contributed about 57% of revenue for the period ended Sep 30, 2025, with no long-term customer contracts.
- Raw material prices have fluctuated by 20-29% over three years.
- Large capital expenditure on a new Ambernath plant with cost overrun and delay risk.
- Significant contingent liabilities and pending litigation, including bank guarantees and tax matters.
Source: Red Herring Prospectus dated 19 Mar 2026Updated
Contacts
Source: Red Herring Prospectus dated 19 Mar 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 19 Mar 2026Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE Emerge.
Frequently asked questions
When does the Vivid Electromech IPO open and close?
According to the Red Herring Prospectus, the issue opens on Wednesday, 25 March 2026 and closes on Monday, 30 March 2026. These dates are tentative.
What is the Vivid Electromech IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Vivid Electromech shares list?
On NSE Emerge. The tentative listing date is Monday, 6 April 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Vivid Electromech IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 1 April 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited). Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹43.84 Cr for capital expenditure for a new manufacturing unit, ₹9.3 Cr for repayment of certain borrowings, ₹36 Cr for working capital requirements, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.