Vivid Electromech has filed a ₹130.54 crore SME IPO, with each share carrying a face value of ₹10. The public issue opens on 25 March 2026 and closes on 30 March 2026. If the schedule goes as planned, the allotment is likely on 1 April 2026, followed by refunds and demat credits on 2 April 2026. The shares are expected to debut on the NSE SME platform on 6 April 2026.
The company has fixed the price band at ₹528 to ₹555 per share. One trading lot consists of 240 shares, but retail bids must be made for at least two lots. This takes the minimum retail application to 480 shares, or ₹2,66,400 at the upper price band. For sNII investors, the entry point starts at 720 shares worth ₹3,99,600, while bNII investors need to apply for 1,920 shares, which works out to ₹10,65,600.
Vivid Electromech IPO Details
The table below offers a quick snapshot of the key IPO details.
| Particulars | Details |
| IPO Opens | 25 March 2026 |
| IPO Closes | 30 March 2026 |
| IPO Lot Size | 240 shares |
| Face value | ₹10 per share |
| Price Band | ₹528 to ₹555 per share |
| Issue Price | ₹555 per share |
| Offer for Sale (OFS) | 4,68,000 equity shares |
| Fresh Issue | 18,84,000 equity shares |
| Issue Type | Book Built Issue / SME IPO |
| Listing at | NSE Emerge |
| Total Issue | About ₹130.54 crore |
| Minimum Investment | ₹2,66,400 for retail investors |
Timeline of the Vivid Electromech IPO
The following dates trace the IPO journey from opening to market debut
| Particular | Date / time |
| Bidding opens | 25 March 2026 |
| Bidding closes | 30 March 2026 |
| Basis of allotment | 1 April 2026 |
| Refunds begin (if applicable) | 2 April 2026 |
| Shares credited to the demat | 2 April 2026 |
| Tentative Listing Date | 6 April 2026 |
| UPI mandate approval deadline | 5:00 PM on 30 March 2026 |
Vivid Electromech Key Performance Indicator
The following table presents the company’s core financial ratios:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE (%) | 2.06 | 91.42 | 117.61 |
| ROCE(%) | 13.15 | 55.41 | 87.34 |
| Debt Equity | 2.71x | 0.68x | 0.15x |
| RoNW (%) | 2.64 | 61.32 | 73.76 |
| PAT Margin (%) | 0.11 | 4.81 | 13.04 |
| EBITDA margin(%) | 2.96 | 8.08 | 18.28 |
Vivid Electromech Financials
The table below highlights the company’s financial performance across the reported years:
| Particulars (₹ crore) | 2023 | 2024 | 2025 |
| Revenue | 59.33 | 88.91 | 155.29 |
| Total Asset | 55.14 | 62.38 | 115.30 |
| Profit | 0.06 | 4.28 | 20.24 |
Vivid Electromech IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | Individual Investors | Total |
|---|---|---|---|---|
| Mar 25 (Day 1) | 1.20 | 0.71 | 0.01 | 0.50 |
Vivid Electromech IPO Grey Market Premium (GMP Today)
The Vivid Electromech IPO GMP today is currently around ₹0 as of 24 March 2026. That means there is no visible premium over the upper issue price of ₹555 for now, so the implied listing price is around ₹555 and the estimated listing gain is 0% at this stage.
| GMP Date | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|
| 25-03-2026 Open | ₹0  | ₹555 (0.00%) | ₹0 | 25-Mar-2026 16:54 |
| 24-03-2026 | ₹0 | ₹555 (0.00%) | ₹0 | 24-Mar-2026 23:34 |
| 23-03-2026 | ₹0 | ₹555 (0.00%) | ₹0 | 23-Mar-2026 23:36 |
| 22-03-2026 | ₹0 | ₹555 (0.00%) | ₹0 | 22-Mar-2026 23:32 |
| 21-03-2026 | ₹0 | ₹555 (0.00%) | ₹0 | 21-Mar-2026 23:30 |
| 20-03-2026 | ₹0 | ₹555 (0.00%) | ₹0 | 20-Mar-2026 23:35 |
Note: Since GMP comes from the unofficial grey market, it can fluctuate quickly with shifts in demand, bidding momentum and overall market conditions. It should not be used in isolation.
Vivid Electromech IPO Reservation
Shares are allocated across investor categories as follows:
| Category | Shares offered |
| Market Maker shares offered | 1,18,800 |
| QIB shares offered (total) | 11,15,280 |
| NII (HNI) shares offered | 3,35,520 |
| Retail shares offered | 7,82,400 |
| Total shares offered | 23,52,000 |
Vivid Electromech IPO Lot Size
| Category | Lots | Shares | Amount (₹) |
| Individual investors (Min) | 2 | 480 | ₹2,66,400 |
| Individual investors (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 |
Anchor Investors in the Vivid Electromech IPO
The following table gives a concise view of the anchor investor allocation
| Particulars | Details |
| Anchor Bidding Date | 24 March 2026 |
| Shares Offered | 6,68,880 |
| Portion Size | ₹37.12 crore |
| 30 Days Lock-in for 50% shares | 1 May 2026 |
| 90 Days Lock-in for remaining shares | 3 July 2026 |
Vivid Electromech IPO Prospectus
For a deeper analysis, check the offer documents listed below:
About Vivid Electromech
Vivid Electromech Limited was incorporated in 1990 and operates in the electrical and automation solutions space. The company manufactures low-voltage and medium-voltage electrical panels and also handles system integration work, with services spanning engineering, design, fabrication, assembly, testing, and commissioning of control and automation systems. The company is led by Sameer Vishvanath Attavar, who is identified as the Chairman and Managing Director.
| Particular | Name |
| Book running lead manager | HEM Securities Limited |
| Registrar of the issue | MUFG Intime India Private Limited (formerly Link Intime India Private Limited) |
Objectives of the Vivid Electromech IPO
| Particulars | Amount |
| Setting up a new manufacturing facility | ₹43.84 crore |
| Repayment of selected borrowings | ₹9.30 crore |
| Meeting the company’s working capital needs | ₹36 crore |
| General corporate purposes | – |
Strength Of Vivid Electromech
- Integrated manufacturing setup: The company runs fully integrated units in Navi Mumbai and Pune, covering over 34,000 sq. ft. This helps it handle design, engineering, fabrication, assembly, wiring and testing in-house, which can support better quality control and quicker execution.
- Wide product range: It offers both low-voltage and medium-voltage electrical panels along with automation systems. Its portfolio covers multiple use cases, which helps it serve industrial and infrastructure clients across different project types.
- Geographic reach: The company’s distribution footprint spans more than 15 Indian states, with some exports to overseas markets as well. That gives it a wider operating base beyond a single local market.
- Presence in the data centre segment: Vivid Electromech supplies MV and LV panels for data-centre power distribution, and data centre-related projects contributed about 35.80% of total revenue in FY 2025.
- Tie-ups with established brands: The company is an authorised partner for L&T Enersys LV electrical panels and ABB’s ArTu K LT switchboards. These associations support its ability to manufacture type-tested panels aligned with OEM standards.
Risk of Vivid Electromech
- Raw material risk: The company depends heavily on key inputs such as CRCA sheets, GI sheets, aluminium, copper and switchgears, so any sharp rise in input costs or supply disruption could affect margins and execution.
- Customer concentration risk: A meaningful share of revenue comes from a limited number of customers. If a major client reduces orders, delays payments or exits, the business could feel the impact.
- Geographical concentration risk: A large part of the company’s business and both manufacturing facilities are linked to Maharashtra, which increases exposure to region-specific disruptions.
- Working capital risk: The business requires significant working capital because of receivables, inventory and project execution needs. Any delay in collections can put pressure on cash flows.
- Order book risk: An existing order book offers some visibility, but it does not guarantee future revenue since orders can be delayed, changed or cancelled.
Vivid Electromech IPO Review
Overall, the issue looks supported by strong recent growth, better margins, and a visible capex-led use of funds. Even so, the high retail application size of ₹2.66 lakh and the usual SME liquidity and execution risks mean it looks more suitable for investors who are comfortable with higher risk. That final judgement should an inference based on the issue structure, valuation, and disclosed business risks.
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Vivid Electromech IPO FAQs
It is an SME book-built public issue of 23,52,000 equity shares worth about ₹130.54 crore, priced at ₹528 to ₹555 a share. The offer opens on 25 March 2026, closes on 30 March 2026, and is proposed to list on NSE SME.
You can place a bid through your broker or bank using the ASBA route, with your PAN, demat account and UPI ID kept ready. For this issue, the subscription window runs from 25 March to 30 March 2026, and the UPI mandate needs to be approved by 5:00 PM on 30 March 2026.
The company has reported strong recent growth in its financials. At the same time, the business also carries customer concentration and working capital risks.
There is no clear listing signal yet as of March 24 2026. The latest grey market premium is around ₹0, which points to no visible estimated gain for now at the upper issue price of ₹555.
Bidding is scheduled to begin on 25 March 2026 and close on 30 March 2026. The issue is set to open for subscription on Wednesday, 25 March.
One market lot consists of 240 shares. Retail applications begin at 480 shares, which works out to ₹2,66,400 at the upper price band of ₹555.
The basis of allotment is expected to be finalised on 1 April 2026.
The shares are scheduled to list on 6 April 2026.
