Vivid Electromech IPO was introduced through the Book Built SME route by Vivid Electromech Limited. The public issue included both a fresh issue of equity shares and an offer for sale by existing shareholders. Through this public offering, the company aimed to strengthen its financial position, expand manufacturing operations, support working capital requirements, and create additional resources for future business growth. After the completion of the IPO process, the company’s equity shares were listed on the NSE Emerge platform.
Vivid Electromech Limited operates in the electrical engineering and equipment manufacturing industry. The company is engaged in designing, manufacturing, assembling, testing, and supplying electrical panels and customised power distribution solutions for industrial, commercial, and infrastructure projects. Its product portfolio serves a wide range of customers operating across manufacturing facilities, commercial buildings, utilities, engineering projects, and various industrial sectors.
The company focuses on delivering reliable electrical solutions that meet customer-specific technical requirements. By combining engineering expertise, quality manufacturing practices, and customised product development, it aims to support efficient electrical power management across different applications.
Its business model covers multiple stages of the manufacturing process, including engineering design, fabrication, assembly, quality testing, installation support, and after-sales services. Continuous investment in production capabilities, skilled manpower, and operational improvements supports the company’s long-term growth strategy.
India’s electrical equipment industry continues to benefit from increasing investments in infrastructure development, industrial expansion, renewable energy, commercial construction, and power distribution networks. Growing demand for reliable electrical systems and industrial automation continues to create opportunities for companies engaged in electrical equipment manufacturing.
Since the IPO has already been completed and the shares are listed, investors should evaluate the company’s financial performance, manufacturing capabilities, order execution, valuation, and future business prospects before making an investment decision.
Vivid Electromech IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Vivid Electromech IPO |
| Company Name | Vivid Electromech Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹528 to ₹555 Per Share |
| Issue Size | ₹130.54 Crore |
| Fresh Issue | ₹104.56 Crore |
| Offer for Sale | ₹25.98 Crore |
| Total Shares Offered | 23,52,000 Equity Shares |
| IPO Open Date | 25 March 2026 |
| IPO Close Date | 30 March 2026 |
| Basis of Allotment | 1 April 2026 |
| Refund Initiation | 2 April 2026 |
| Shares Credited to Demat Account | 2 April 2026 |
| Listing Date | 7 April 2026 |
| Listing Exchange | NSE Emerge |
| Lot Size | 240 Equity Shares |
| Registrar | MUFG Intime India Private Limited |
| Book Running Lead Manager | Hem Securities Limited |
The IPO consisted of a combination of fresh issue shares and an offer for sale. The company proposed to utilise the fresh issue proceeds for business expansion, manufacturing capacity enhancement, working capital requirements, and general corporate purposes.
Vivid Electromech IPO Dates
The important events relating to the Vivid Electromech IPO are provided below.
| IPO Event | Date |
|---|---|
| IPO Opening Date | 25 March 2026 |
| IPO Closing Date | 30 March 2026 |
| Basis of Allotment | 1 April 2026 |
| Refund Initiation | 2 April 2026 |
| Shares Credited to Demat Account | 2 April 2026 |
| Listing Date | 7 April 2026 |
Following the completion of the allotment process, successful applicants received the allotted equity shares in their demat accounts before trading commenced on the NSE Emerge platform.
Vivid Electromech IPO Reservation
The equity shares offered through the IPO were reserved among different categories of investors according to applicable SME IPO regulations.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
The final allocation under each investor category depended upon the number of valid applications received during the subscription period.
Vivid Electromech IPO Lot Size
Applications for the IPO were accepted in fixed lot sizes.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (240 Shares) | ₹1,33,200 |
| Retail Maximum | 2 Lots (480 Shares) | ₹2,66,400 |
| HNI Minimum | 3 Lots (720 Shares) | ₹3,99,600 |
The application values shown above are calculated using the upper price band of ₹555 per equity share.
About Vivid Electromech Limited
Vivid Electromech Limited is engaged in the manufacturing of electrical equipment and engineered power distribution solutions for industrial, commercial, and infrastructure applications. The company specialises in designing and manufacturing a wide range of electrical panels that support safe, efficient, and reliable power distribution across different industries. Its products are supplied to customers involved in manufacturing, infrastructure development, commercial projects, utilities, and engineering services.
The company follows an integrated manufacturing approach that combines engineering design, fabrication, assembly, testing, and quality control. By offering customised electrical solutions, it aims to meet the technical requirements of different industries while maintaining product quality, operational reliability, and timely project execution.
Business Operations
Vivid Electromech Limited operates across multiple areas of electrical engineering and equipment manufacturing. Its diversified product portfolio enables the company to provide complete electrical distribution solutions for various industrial and infrastructure projects.
- Electrical Control Panels – The company manufactures different types of electrical control panels used for monitoring, controlling, and protecting industrial electrical systems.
- Power Distribution Panels – It designs and supplies power distribution panels that help distribute electricity safely and efficiently across commercial and industrial facilities.
- Motor Control Centres (MCC) – The company manufactures motor control centres that are widely used in manufacturing plants, process industries, and industrial automation systems.
- Customised Electrical Solutions – It develops electrical panels and systems according to customer-specific technical requirements, project specifications, and operational needs.
- Engineering and Design Services – The company provides engineering support for panel design, system configuration, electrical integration, and project planning before manufacturing begins.
- Manufacturing Operations – Production activities include fabrication, assembly, wiring, testing, inspection, and quality verification to ensure products meet required performance standards.
- Testing and Quality Assurance – Every product undergoes testing and quality checks before dispatch to maintain safety, reliability, and consistent product performance.
- Project Supply and Installation Support – The company supports customers by supplying equipment for industrial, commercial, infrastructure, and utility projects while also providing technical assistance during implementation.
- After-Sales Services – Technical support, maintenance guidance, and customer service help strengthen long-term relationships and improve customer satisfaction.
- Industry-Focused Solutions – The company supplies electrical equipment for sectors including manufacturing, commercial buildings, infrastructure projects, utilities, engineering companies, and industrial facilities.
Industry Overview
India’s electrical equipment industry continues to expand due to increasing investments in industrial development, infrastructure projects, renewable energy, commercial construction, and power distribution networks. Rising electricity demand, expansion of manufacturing capacity, and ongoing infrastructure modernisation continue to support long-term demand for electrical equipment and engineered power distribution systems.
Government initiatives supporting industrial growth, smart infrastructure, renewable energy, and power sector improvements further create opportunities for manufacturers of electrical panels and industrial electrical equipment. As industries continue to invest in modern electrical systems and automation, demand for customised electrical solutions is expected to remain strong.
Business Strategy
Vivid Electromech Limited aims to strengthen its market position by expanding manufacturing capacity, improving engineering capabilities, increasing product offerings, and enhancing customer relationships. The company also focuses on maintaining high product quality, improving operational efficiency, adopting modern manufacturing technologies, and expanding its presence across different industrial sectors.
Through continuous investment in technology, manufacturing infrastructure, skilled professionals, and customer service, the company seeks to improve operational performance, increase business scale, and achieve sustainable long-term growth.
Vivid Electromech IPO Financial Information
A company’s financial performance helps investors understand its revenue growth, profitability, financial stability, and operational efficiency. Analysing financial results over multiple years provides a better understanding of business expansion and the company’s ability to generate sustainable earnings.
Vivid Electromech Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹59.33 Crore | ₹88.91 Crore | ₹155.29 Crore |
| EBITDA | ₹1.76 Crore | ₹7.18 Crore | ₹28.39 Crore |
| Profit Before Tax (PBT) | ₹0.54 Crore | ₹5.70 Crore | ₹27.35 Crore |
| Profit After Tax (PAT) | ₹0.42 Crore | ₹4.28 Crore | ₹20.20 Crore |
| Net Worth | ₹2.86 Crore | ₹7.14 Crore | ₹27.38 Crore |
| Total Borrowings | ₹15.78 Crore | ₹18.62 Crore | ₹4.19 Crore |
The company has reported strong financial improvement during the last three financial years. Revenue has grown consistently, reflecting higher business activity and increased execution of customer orders. Profitability has improved at a faster pace than revenue, indicating better operational efficiency and improved cost management. The increase in net worth and reduction in borrowings during the latest financial year also indicate a stronger balance sheet. Investors should evaluate these financial results together with the company’s future expansion plans, industry outlook, and overall valuation before making an investment decision.
Vivid Electromech IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors evaluate the company’s profitability, capital efficiency, financial strength, and overall operating performance. These ratios provide additional insights into how effectively the company generates returns from its business operations.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 117.61% |
| Return on Capital Employed (ROCE) | 87.34% |
| Return on Net Worth (RONW) | 73.76% |
| EBITDA Margin | 18.28% |
| PAT Margin | 13.04% |
| Debt-to-Equity Ratio | 0.15 |
| Earnings Per Share (EPS) | ₹28.90 |
| Net Asset Value (NAV) Per Share | ₹39.19 |
| Price to Earnings (P/E) | 19.20x |
The financial indicators reflect strong profitability and efficient utilisation of capital. Healthy return ratios demonstrate the company’s ability to generate earnings from shareholders’ funds, while stable operating margins indicate improving operational performance. A relatively low debt-to-equity ratio also supports financial stability. Investors should consider these financial metrics alongside the company’s business model, manufacturing capacity, order pipeline, and future growth opportunities before making an investment decision.
Objects of the Vivid Electromech IPO
The company proposed to utilise the net proceeds from the fresh issue for the following purposes:
- Setting up a new manufacturing facility to increase production capacity.
- Meeting working capital requirements for supporting day-to-day business operations.
- Repayment or prepayment of certain outstanding borrowings.
- General corporate purposes.
The proposed utilisation of the IPO proceeds is expected to strengthen the company’s manufacturing capabilities, improve operational efficiency, support future expansion, and enhance long-term business growth.
Vivid Electromech IPO Listing Performance
The listing performance indicates how the company’s shares performed on the stock exchange after the completion of the IPO process. While listing gains provide an indication of initial market sentiment, long-term investment returns depend primarily on the company’s business growth, financial performance, execution capability, and future expansion strategy.
| Particular | Value |
|---|---|
| Listing Exchange | NSE Emerge |
| Listing Date | 7 April 2026 |
| Issue Price | ₹555 Per Share |
| Listing Price | ₹700.00 Per Share |
| Listing Gain | ₹145.00 Per Share |
| Listing Gain (%) | 26.13% |
Vivid Electromech Limited made a strong debut on the NSE Emerge platform by listing at a premium over its issue price. While the listing performance reflected positive investor interest, long-term returns will depend on the company’s operational performance, manufacturing expansion, order execution, and future profitability.
Vivid Electromech IPO Subscription Status
The subscription figures represent the level of demand received from different categories of investors during the IPO bidding period. Although strong subscription generally reflects favourable investor sentiment, investment decisions should also consider the company’s financial position, valuation, and long-term business prospects.
Vivid Electromech IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 126.41 Times |
| Non-Institutional Investors (NII) | 312.85 Times |
| Retail Individual Investors (RII) | 189.47 Times |
| Total Subscription | 201.63 Times |
The IPO received strong participation across all investor categories. Non-institutional investors recorded the highest subscription level, while qualified institutional buyers and retail investors also showed significant interest in the public issue.
Vivid Electromech IPO Review
Vivid Electromech Limited operates in the electrical equipment manufacturing industry by designing and manufacturing electrical panels, power distribution systems, motor control centres, and customised electrical solutions for industrial and infrastructure applications. The company serves customers across manufacturing, utilities, engineering, commercial, and infrastructure sectors.
Its integrated manufacturing model covers engineering design, fabrication, assembly, testing, quality assurance, and customer support. This enables the company to deliver customised electrical solutions while maintaining quality standards and timely project execution.
The company has reported substantial improvement in revenue, profitability, and net worth over recent financial years. Strong financial growth combined with a reduction in borrowings reflects improving operational performance and financial stability.
However, investors should also consider risks associated with project execution, competition within the electrical equipment industry, fluctuations in raw material prices, customer concentration, and overall industrial demand before making an investment decision.
Overall, Vivid Electromech Limited operates in a sector supported by increasing investments in industrial development, infrastructure projects, renewable energy, and power distribution. Investors should carefully evaluate the company’s valuation, financial performance, manufacturing capabilities, and future growth opportunities before investing.
Vivid Electromech IPO Strengths
Vivid Electromech Limited has developed a strong presence in the electrical equipment manufacturing industry through engineering expertise, manufacturing capabilities, and diversified product offerings.
- Diversified Product Portfolio – The company manufactures electrical panels, motor control centres, power distribution panels, and customised electrical systems for multiple industries.
- Integrated Manufacturing Operations – In-house engineering, fabrication, assembly, testing, and quality control enable the company to maintain product quality and operational efficiency.
- Customised Engineering Solutions – The company develops electrical systems based on customer-specific technical requirements, allowing it to serve diverse industrial applications.
- Strong Financial Growth – Revenue, profitability, and net worth have improved significantly over recent financial years, reflecting business expansion and improving operational performance.
- Low Financial Leverage – The reduction in borrowings has strengthened the company’s financial position and improved balance sheet quality.
- Growing Industry Opportunities – Rising investment in infrastructure, manufacturing, renewable energy, and industrial automation continues to support long-term demand for electrical equipment.
Vivid Electromech IPO Risk Factors
Every manufacturing business faces operational and industry-related risks. Investors should carefully evaluate the following factors before making an investment decision.
- Dependence on Industrial Demand – Future business growth depends on continued investment in industrial, infrastructure, and power-related projects.
- Raw Material Price Risk – Changes in the prices of steel, copper, electrical components, and other manufacturing inputs may affect production costs and profit margins.
- Competitive Industry – The electrical equipment manufacturing sector includes several organised and unorganised competitors, creating pricing and market share challenges.
- Project Execution Risk – Delays in manufacturing, delivery, installation, or customer approvals may impact revenue recognition and profitability.
- Working Capital Requirements – Manufacturing operations require significant investment in inventory, raw materials, and day-to-day operations, making efficient working capital management important.
- Economic and Infrastructure Spending – Slowdown in industrial investment, infrastructure development, or capital expenditure may influence future demand for the company’s products.
Vivid Electromech IPO Promoters
Vivid Electromech Limited is promoted by experienced professionals who have contributed to the company’s growth in the electrical equipment manufacturing industry. The promoters have been actively involved in strengthening the company’s engineering capabilities, expanding manufacturing operations, maintaining customer relationships, and supporting long-term business development.
Vivid Electromech IPO Promoters Details
| Promoter | Designation |
|---|---|
| Dharmesh Haribhai Patel | Promoter & Chairman |
| Bhavesh Haribhai Patel | Promoter & Managing Director |
| Jignesh Haribhai Patel | Promoter & Whole-Time Director |
Vivid Electromech IPO Management Team
The company is managed by professionals with experience in electrical engineering, manufacturing, finance, project execution, quality management, operations, and corporate governance. The management team focuses on improving manufacturing efficiency, expanding production capacity, maintaining product quality, and supporting sustainable business growth.
| Name | Designation |
|---|---|
| Bhavesh Haribhai Patel | Managing Director |
| Jignesh Haribhai Patel | Whole-Time Director |
| Dharmesh Haribhai Patel | Chairman |
| Kiran Patel | Chief Financial Officer |
| Priyanka Shah | Company Secretary & Compliance Officer |
Vivid Electromech IPO Registrar Details
The registrar managed the IPO application process, basis of allotment, share credit, refund processing, and investor-related services during the public issue.
| Particular | Details |
|---|---|
| Registrar Name | MUFG Intime India Private Limited |
| Website | https://in.mpms.mufg.com |
| IPO Allotment Status | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
| Email ID | [email protected] |
| Contact Number | +91-22-4918 6270 |
Vivid Electromech IPO Lead Manager Details
The Book Running Lead Manager coordinated the public issue process, supervised regulatory compliance, and assisted the company throughout the IPO process.
| Particular | Details |
|---|---|
| Lead Manager | Hem Securities Limited |
| Website | https://www.hemsecurities.com |
| Email ID | [email protected] |
| Contact Number | +91-22-4906 0000 |
Vivid Electromech Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Vivid Electromech Limited |
| Registered Office | Ahmedabad, Gujarat, India |
| Website | https://www.vividgroup.in |
| Email ID | [email protected] |
How to Check Vivid Electromech IPO Allotment Status
Investors could check the IPO allotment status after the basis of allotment was finalised through either the registrar’s website or the NSE IPO portal.
Through MUFG Intime India Private Limited
- Visit the official MUFG Intime India IPO allotment portal.
- Select Vivid Electromech IPO from the available list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details correctly.
- Click Submit to view the allotment status.
Through NSE
- Visit the official NSE IPO allotment page.
- Select Vivid Electromech IPO.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Submit the details to check the allotment status.
Frequently Asked Questions (FAQs)
What is the Vivid Electromech IPO?
Vivid Electromech IPO was a Book Built SME public issue comprising a fresh issue of equity shares and an offer for sale.
When did the Vivid Electromech IPO open and close?
The IPO was offered at a price band of ₹528 to ₹555 per equity share.
What was the total issue size of the Vivid Electromech IPO?
The total issue size was ₹130.54 crore.
When did the Vivid Electromech IPO open and close?
The IPO opened on 25 March 2026 and closed on 30 March 2026.
On which stock exchange are Vivid Electromech shares listed?
The company’s equity shares are listed on the NSE Emerge platform.
Who was the registrar for the Vivid Electromech IPO?
MUFG Intime India Private Limited acted as the registrar to the issue.
Who was the lead manager for the Vivid Electromech IPO?
Hem Securities Limited served as the Book Running Lead Manager.
What was the minimum lot size for the Vivid Electromech IPO?
The minimum application size was one lot consisting of 240 equity shares.
What does Vivid Electromech Limited do?
The company manufactures electrical panels, power distribution systems, motor control centres, and customised electrical solutions for industrial, commercial, and infrastructure applications.
What were the objectives of the Vivid Electromech IPO?
The IPO proceeds were proposed to be utilised for establishing a new manufacturing facility, meeting working capital requirements, repayment of certain borrowings, and general corporate purposes.
