Vans Electroengineerings IPO
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Vans Electroengineerings IPO details
Schedule of Vans Electroengineerings
| Issue open date | 29 Sep 2026 |
| Issue close date | 01 Oct 2026 |
| UPI mandate deadline | 01 Oct 2026 (5 PM) |
| Allotment finalization | 05 Oct 2026 |
| Refund initiation | 06 Oct 2026 |
| Share credit | 06 Oct 2026 |
| Listing date | 07 Oct 2026 |
| Mandate end date | 16 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 03 Nov 2026 |
| Lock-in end date for anchor investors (remaining) | 02 Jan 2027 |
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 Vans Electroengineerings
Vans Electroengineerings is engaged in manufacturing and supplying components for traction power supply and overhead equipment systems used in railway electrification infrastructure, metro systems, and renewable energy applications. The company operates a single manufacturing facility in Salem, Tamil Nadu, housing product assembly, testing infrastructure, and quality control operations. It generates revenue primarily through the sale of products to Indian Railways, supplying either directly through contracts secured via competitive bidding or indirectly through associated engineering, procurement, and construction contractors and vendors. Its key product portfolio includes double pole and single pole vacuum circuit breakers, double pole and single pole vacuum interrupters, overhead equipment, and braided flexible connectors. Operating within the electrical equipment and switchgear sector, the company manufactures products designed to meet specific technical standards and regulatory specifications prescribed by railway authorities for critical power supply and traction applications.
Financials of Vans Electroengineerings
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 33.98 |
| Fresh Issue – Proceeds go to the company | 33.98 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Working Capital Requirement | 25 (73.57%) |
| General Corporate Purposes | 8.98 (26.43%) |
Strengths
- Specialized offerings in railway electrification and traction power supply systems.
- Approved vendor status with RDSO and CORE for core product verticals.
- In-house assembly and testing capabilities at a dedicated manufacturing facility.
- Consistent revenue growth driven by Indian Railways electrification demand.
- Experienced promoter team with deep industry domain expertise.
Risks
- Revenue is heavily dependent on Indian Railways and its EPC contractors.
- High product concentration risk from vacuum circuit breakers and interrupters.
- Operations rely on a single manufacturing facility located in Salem, Tamil Nadu.
- Significant working capital requirements and seasonal cash flow fluctuations.
- Risk of losing or failing to renew approved vendor status with railway bodies.