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InvestmentsIPOVivid Electromech IPO

Vivid Electromech IPO

SME

Open Date

25 Mar 2026

Close Date

30 Mar 2026

Min Investment

₹ 2,66,400

Lot Size

240

Issue Size

₹ 130.54 Cr

Price Range

₹ 528 - ₹ 555

Subscribed

1.12 x
status

IPO Closed Now.

IPO Timeline
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IPO Offer Start
25 Mar 2026
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IPO Offer Ends
30 Mar 2026
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Allotment Finalisation
1 Apr 2026
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Refund Initialisation
2 Apr 2026
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Non-Institutional Buyers (sHNI)
2 Apr 2026
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Listing of Shares
6 Apr 2026
IPO Subscription Details as on 5 Apr 2026, 08:51 AM
Qualified Instituational Buyers (QiB)
1.95 x
Retail
0.35 x
Total
1.12 x
Non-Institutional Buyer (bHNI)
2.64 x
Non-Institutional Buyer (sHNI)
0.24 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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Financials of Vivid Electromech IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue59.3388.91155.29
Other Income0.300.640.48
Total Income
59.6389.55155.77
Total Expenses
59.6083.70128.62
Profit Before Tax0.035.8527.15
Total Profit
0.064.2820.24

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to establish a new manufacturing facility at Village Nahren, Taluka Ambernath, District Thane, Maharashtra to supplement existing infrastructure and enable consolidation of operations currently carried out across multiple locations.44
The company proposes to utilize proceeds towards full or partial repayment/prepayment of term loan facility availed from ICICI Bank Limited for the purchase of land.9
The company's business is working capital intensive and the proceeds will be used to meet working capital requirements as the company funds majority of its working capital requirements from internal accruals.36
The company intends to deploy the balance proceeds towards general corporate purposes including funding growth opportunities, strategic initiatives, meeting business expenses, servicing borrowings, brand building and marketing expenses.-
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  • Integrated Manufacturing Facilities: The company operates fully integrated manufacturing units in Navi Mumbai and Pune, covering over 34,000 sq. ft. with in-house capabilities including design, engineering, fabrication, assembly, wiring, and testing, enabling consistent product quality and reduced turnaround time.
  • Diverse Product Portfolio with Wide Geographic Reach: The company offers Low Voltage (LV) and Medium Voltage (MV) electrical switchboards across India and international markets, serving segments like Data Centre & Technology, Infrastructure, Construction & Real Estate, Solar & Renewable Energy, with distribution footprint spanning more than 15 Indian states.
  • Presence in the Data Centre Segment: The company is present in the data centre infrastructure segment through manufacture and supply of MV and LV electrical panels. For FY 2025, revenue from data centre-related projects constituted approximately 35.80% of total revenue.
  • Strategic Partnerships with Leading Brands: The company is authorised partners for Larsen & Toubro (L&T) Enersys LV electrical Panels and ABB's ArTu K LT Switchboards, allowing manufacture of type-tested panels that comply with OEMs' quality and design specifications.
  • Commitment to Quality Control and Safety: The company maintains ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications with products fully type-tested according to standards such as IEC 61439-1 & 2, IEC 61641 and IEC 62271-200, supported by in-house testing facilities.
  • Experienced Promoters and Senior Management Team: The company is led by Promoters Sameer Vishvanath Attavar and Meeta Sameer Attavar with extensive experience of more than 25 years and 19 years respectively in the electrical panel manufacturing industry, actively involved in day-to-day management.

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