Vivid Electromech IPO

Established in 1990, Vivid Electromech Ltd specializes in manufacturing Low-͏Voltage (LV) and Medium-͏Voltage (MV)electrical panels and automation solutions. The company offers full engineering, design, fabrication, assembly, testing and commissioning solutions for industrial automation, power distribution, load management and process control. The company leverages integrated manufacturing facilities, a broad product portfolio, and long-standing relationships with clients to maintain consistent quality, reliability and strategic growth in domestic and international markets. It serves industries such as data centers, metro projects, construction, solar energy and industrial manufacturing.

Vivid Electromech Limited IPO Overview

Vivid Electromech IPO is a book build issue of ₹130.54 crores. The issue is a combination of fresh issue of 0.19 crore shares aggregating to ₹104.56 crores and offer for sale of 0.05 crore shares aggregating to ₹25.97 crores. Vivid Electromech IPO opens for subscription on Mar 25, 2026, and closes on Mar 30, 2026. The allotment for the Vivid Electromech IPO is expected to be finalized on Apr 1, 2026. Vivid Electromech IPO will list on the NSE SME with a tentative listing date fixed as Apr 6, 2026.

Vivid Electromech IPO is set issue price band at ₹528 to ₹555 per share. The lot size for an application is 240. The minimum amount of investment required by an individual investor (retail) is ₹2,66,400 (480 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (720 shares), amounting to ₹3,99,600. Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the registrar of the issue.

Vivid Electromech Limited IPO Details

Particulars	Details
IPO Date	25 March 2026 to 30 March 2026
Listing Date	6 April 2026
Face Value	₹10 per share
Issue Price Band	₹528 to ₹555 per share
Lot Size	240 Shares
Total Issue Size	23,52,000 shares (aggregating up to ₹131 Cr)
Fresh Issue	18,84,000 shares (aggregating up to ₹105 Cr)
Offer for Sale	4,68,000 shares (aggregating up to ₹26 Cr)
Issue Type	Book building IPO
Listing At	NSE SME
Share Holding Pre Issue	70,03,800 shares
Share Holding Post Issue	88,87,800 shares
Market Maker Portion	Not specified

Vivid Electromech Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Offer
Retail	Not less than 35% of the Net Offer
NII (HNI)	Not less than 15% of the Net Offer

Vivid Electromech Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	480	₹2,66,400
Retail (Max)	2	480	₹2,66,400
S-HNI (Min)	3	720	₹3,99,600
S-HNI (Max)	7	1,680	₹9,32,400
B-HNI (Min)	8	1,920	₹10,65,600

Vivid Electromech Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	99.99%
Post-Issue	Not specified

Vivid Electromech Limited IPO Valuation Overview

KPI	Value (31 Mar 2025)
EPS	28.90 ₹
P/E Ratio	19.2x (Pre-IPO), 24.37x (Post-IPO)
RoNW	73.76%
NAV	39.19 ₹ per share
ROE	117.61%
ROCE	87.34%
EBITDA Margin	18.28%
PAT Margin	13.04%
Debt to Equity Ratio	0.15

Objectives of the Proceeds

• Funding capital expenditure for a new manufacturing unit – ₹47.88 Cr

• Repayment of certain borrowings availed by the company – ₹9.75 Cr

• To meet working capital requirements of the company – ₹40.00 Cr

• For general corporate purposes

Key Financials (in ₹ Crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	115.30	62.38	55.14
Revenue	155.77	89.55	59.63
Profit After Tax	20.24	4.28	0.06
Reserves and Surplus	38.29	18.05	14.94
Total Borrowings	4.23	4.77	6.47

IPO Strengths

• Promoters and senior management have extensive industry experience.

• Integrated manufacturing facilities supporting efficient operations.

• Diverse product portfolio for LV and MV electrical panels.

• Strong client relationships with consistent repeat business.

• Growing presence in data centers and infrastructure projects.

• Commitment to quality control and recognized certifications.

• Strategic partnerships with leading brands enhance market reach.

Peer Comparison 

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹ per share)	P/E (x)	RoNW (%)	P/BV Ratio
Vivid Electromech Ltd.	28.90	28.90	39.19	–	73.76	–
Peer Group
Shivalik Power Control Limited	5.50	5.50	49.34	13.26	11.15	1.47
Marine Electricals (India) Limited	2.83	2.81	30.30	62.09	9.34	5.80