- POSITIVE
Annual Revenue VANS Electroengineerings Mar-2026 Annual Revenue is Rs 23 Cr which is growth of 67.8% YoY.
- POSITIVE
Annual Net Profit VANS Electroengineerings Mar-2026 Annual Net Profit is Rs 5 Cr which is growth of 211.8% YoY.
Vans Electroengineerings Ltd. IPO Details
Vans Electroengineerings was incorporated on February 07, 2022. The company manufactures and supplies traction power supply and overhead equipment components for railway electrification, metro systems and renewable energy applications. Its products are mainly supplied to Indian Railways and railway contractors
| Bidding Dates |
|---|
| 29 Sep 2026 - 01 Oct 2026 |
| Subscription |
|---|
| 60.19x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹268,800 | 2 | 2 | 1200 | 2.9 M | ₹112 - ₹118 | 73.35 % | ₹322.6 M - ₹339.8 M | RHP DOC |
VANS Electroengineerings IPO SUBSCRIPTION STATUS
30 Sep '26Total60.19x
Retail Individual Investor101.83x
HNI (NII) Investors52.99x
Qualified Institutional Buyers0.03x
Employees0.38x
VANS Electroengineerings IPO overall subscription rate was 60.19 times the total available shares
VANS Electroengineerings IPO retail subscription rate was 101.83 times in the retail segment
VANS Electroengineerings IPO non-institutional investor subscription rate was 52.99 times in the non-institutional investor category
VANS Electroengineerings IPO Qualified Institutional Bidder subscription rate was 0.03 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
30 Sep 2026 05:23 PM (Day 2) | 101.83x | 52.99x | 0.03x | 0.38x |
29 Sep 2026 (Day 1) | 4.54x | 1.54x | 0x | 0.08x |
VANS Electroengineerings 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 |
| FY26 | 22.8 | 5.4 | -3.1 | -3.2 | 31.6% |
| FY25 | 13.6 | 1.7 | 5.5 | 5.3 | 18.3% |
| FY24 | 2.6 | 0.0 | -2.8 | -2.8 | 0.9% |
VANS Electroengineerings IPO SUBSCRIPTION STATUS DETAILS
VANS Electroengineerings has 2.9 M shares on offer
VANS Electroengineerings IPO offer price is in the range ₹112 - ₹118
VANS Electroengineerings IPO minimum Investment is ₹268800
VANS Electroengineerings IPO issue size is ₹ 322.6 M - ₹ 339.8 M
VANS Electroengineerings has a minimum lot size of 1200 Shares per application
VANS Electroengineerings NUMBER OF SHARES ON OFFER
Total2.9 M
Fresh Issue2.9 M
Offer for Sale0
Post Issue Promoter Holding %73.35 %
VANS Electroengineerings IPO IMPORTANT DATES
| Issue Open Date | 29 Sep 2026 |
| Issue close Date | 01 Oct 2026 |
| Allotment Date | 05 Oct 2026 |
| Refund Date | 06 Oct 2026 |
| Demat Account Credit Date | 06 Oct 2026 |
| Listing Date | 07 Oct 2026 |
| Listing on Exchange(s) | BSE |
| VANS Electroengineerings Allotment Status | Exchange/ Registrar |
VANS Electroengineerings IPO subscription opens on 29 Sep 2026, and closes on 01 Oct 2026
IPO allotment for VANS Electroengineerings is expected to be finalized on Monday, 05 Oct 2026
IPO listing for VANS Electroengineerings will be on BSE on Wednesday, 07 Oct 2026
VANS Electroengineerings 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VANS Electroengineerings Ltd. | 118 | 128.4 | 23.8 | 0.1 | 5.5 | 58.8 | 32 | 23.2 | 67.8 | 5.4 | 211.8 | 5 | 211.8 |
| Bharat Heavy Electricals Ltd. | 415.5 | 144679.7 | 59.5 | 0.1 | 4 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| ABB India Ltd. | 6776 | 143589.1 | 48.1 | 10.5 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 30630 | 136525.3 | 118.7 | 0.9 | 14.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| CG Power and Industrial Solutions Ltd. | 854.2 | 134576.5 | 107.7 | 4.4 | 10.5 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
| Siemens Ltd. | 3725.6 | 132676.3 | 40.5 | 1.2 | 7.2 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 92 | 33.7 |
Annual
Balance Sheet
Ratios
Cash Flow
VANS Electroengineerings annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
Select...
Nested row level
Base Level
Export
| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 23.2 | 13.8 | 2.8 | ||
Operating Exp. Ann. | 15.6 | 11.1 | 2.6 | |
Operating Profit Ann. | 7.2 | 2.5 | 0 | |
OPM Ann. % | 31.15% | 17.93% | 0.88% | |
| 15.9 | 11.5 | 2.7 | ||
EBITDA Ann. | 7.6 | 2.7 | 0.2 | |
EBITDA Ann. margin % | 32.66% | 19.78% | 6.90% | |
Interest Ann. | 0.2 | 0.4 | 0.1 | |
Depr. | 0.1 | 0.1 | 0.1 | |
PBT Ann. | 7.3 | 2.3 | 0.1 | |
Tax Ann. | 1.9 | 0.6 | 0 | |
| 5.4 | 1.7 | 0 | ||
Net Profit Ann. | 5.4 | 1.7 | 0 | |
NPM Ann. % | 23.60% | 12.75% | 0.82% | |
EPS Adj. latest Ann. | 5 | 1.6 | 0 |
*All financials are in INR Cr and price data in INR
Add metric to table
Search...
Total Rev. Ann.
1Y CHG
68.1%
2Y CAGR
187.8%
Net Profit Ann.
1Y CHG
217.6%
Operating Exp. Ann.
1Y CHG
40.5%
2Y CAGR
144.9%
VANS Electroengineerings INFORMATION ON IPO ISSUE
About VANS Electroengineerings
Vans Electroengineerings was incorporated on February 07, 2022. The company manufactures and supplies traction power supply and overhead equipment components for railway electrification, metro systems and renewable energy applications. Its products are mainly supplied to Indian Railways and railway contractors
Object of the Issue
- To meet working capital requirements of the company
- General corporate purpose
VANS Electroengineerings - PROMOTERS
| Name |
|---|
| Balakrishnan Srinivasan |
| Viraj Bansal |
| Abhishek Saraff |
| Nitin Jain |
| Pooja Bansal |
| Hotspot Infodot Private Limited |
VANS Electroengineerings - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Balakrishnan Srinivasan | Chairman & Joint Managing Director |
| Viraj Bansal | Joint Managing Director |
| Pooja Bansal | Whole Time Director |
| Abhishek Saraff | Non-Executive Director |
| Nitin Jain | Non-Executive Director |
| Abhishek Mishra | Independent Director |
| Mridusha Havelia | Independent Director |
| Shikhar Gupta | Independent Director |
VANS Electroengineerings Book Running Lead Manager
HEM Securities Limited
ib@hemsecurities.com
VANS Electroengineerings Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
VANS Electroengineerings Strengths
Quality standards
The company develops railway, metro and industrial switching solutions that meet domestic and international quality standards, supported by in-house testing and facilities such as KERI and CPRI. Its RDSO approvals, CORE vendor status and ISO 9001:2015 certification strengthen its quality credentials and reputation as a reliable supplier
Strength
In-house capabilities
The company manages the VCB and VI product lifecycle in-house, covering design, engineering, assembly, testing and validation through its dedicated engineering team. Its integrated facility in Salem, Tamil Nadu supports quality testing and efficient production, enabling consistent quality and timely supply for railway electrification projects
Strength
Customer relationship
The company’s consistent delivery of VCBs and VIs meeting quality standards and customer specifications has helped build long-term customer relationships and recurring business. Its broad domestic customer base across India provides revenue visibility, supports demand forecasting and helps optimize inventory while reducing customer concentration risk
Strength
VANS Electroengineerings Risks
Railway procurement requirements
The company’s railway-sector business is subject to standardized procurement procedures, technical specifications, inspections, contractual obligations and regulatory requirements, which may limit commercial flexibility and increase operational costs. Changes in requirements or failure to comply may result in penalties, order cancellations or procurement restrictions, adversely affecting its business and financial performance
Risk
Depend on third-party logistics
The company relies on third-party logistics providers to transport raw materials and finished products, with delivery timelines dependent on their efficiency and reliability. Vehicle shortages, accidents, labour disruptions, fuel cost increases, regulatory restrictions, weather events or transit losses may disrupt deliveries, increase costs and adversely affect customer relationships, operations and financial performance
Risk
Competitive bidding risks
The company depends partly on competitive bidding and tendering processes to secure contracts from railway authorities, PSUs, EPC contractors and other customers. Failure to meet qualification requirements or submit competitive bids, or changes in tender conditions and procurement policies, may reduce order inflows, revenues, capacity utilization and future growth
Risk
IPO FAQs
The promoters of the company are Balakrishnan Srinivasan, Viraj Bansal, Abhishek Saraff, Nitin Jain, Pooja Bansal and Hotspot Infodot Private Limited.
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 112.0 - 118.0.
The IPO application opens on Sep 29, 2026 and closes on Oct 01, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 268,800.0, the maximum value for this IPO is Rs 283,200.0.
This IPO will be allotted on Oct 05, 2026.
The refund will be credited to your account on Oct 06, 2026.
The allotted shares will be credited to your demat on Oct 06, 2026.
Vans Electroengineerings Ltd.’s shares will list on the stock exchanges on Oct 07, 2026.