Vivid Electromech IPO
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Vivid Electromech IPO details
Schedule of Vivid Electromech
| Issue open date | 25 Mar 2026 |
| Issue close date | 30 Mar 2026 |
| UPI mandate deadline | 30 Mar 2026 (5 PM) |
| Allotment finalization | 01 Apr 2026 |
| Refund initiation | 02 Apr 2026 |
| Share credit | 02 Apr 2026 |
| Listing date | 06 Apr 2026 |
| Mandate end date | 14 Apr 2026 |
| Lock-in end date for anchor investors (50%) | 01 May 2026 |
| Lock-in end date for anchor investors (remaining) | 03 Jul 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Vivid Electromech
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. The company provides end-to-end electrical and automation solutions, covering design, engineering, fabrication, assembly, testing, and commissioning of control systems. Its product portfolio includes power control centre panels, motor control centre panels, DG synchronisation panels, distribution boards, APFC panels, and PLC-based automation systems, along with MV panels such as vacuum circuit breaker panels and ring main units. The company generates revenue primarily from supplying these products and related services to business-to-business customers across sectors such as data centres, infrastructure, renewable energy, and industrial manufacturing. It also earns revenue from trading electrical goods and providing installation, testing, and commissioning services. With manufacturing facilities in Maharashtra and long-standing OEM associations, the company focuses on delivering integrated electrical solutions for power distribution and industrial automation applications.
Financials of Vivid Electromech
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 130.54 |
| Fresh Issue – Proceeds go to the company | 104.56 |
| Offer for sale – Proceeds go to the existing investors | 25.97 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure for a new manufacturing unit | 43.84 (41.93%) |
| Repayment of certain borrowings | 9.3 (8.89%) |
| Working capital requirements |
36 (34.43%) |
| General corporate purposes | 15.42 (14.75%) |
Strengths
- Established track record of over 30 years in electrical panel manufacturing and automation systems.
- Wide product portfolio across LV and MV panels with integrated engineering and system solutions.
- Presence across multiple end-user industries like infrastructure, data centres, and renewable energy.
- Long-standing OEM associations with companies like ABB and Schneider Electric.
- End-to-end capabilities, including design, manufacturing, testing, and commissioning services.
Risks
- High dependence on key OEM partnerships, especially with ABB for LV panel designs.
- Business is sensitive to demand cycles in infrastructure, industrial, and energy sectors.
- Reliance on the timely availability of specialised machinery and critical components.
- Exposure to quality and compliance risks in safety-critical electrical systems.
- Ongoing legal proceedings may impact financial condition and management focus.