BSE List Price : ₹224.20

Subscription

Category	Times
QIBs	281.65x
HNIs	1032.23x
Retail	686.27x
Total : 628.78x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹283,200
Retail Maximum	2	2,400	₹283,200
S - HNI Minimum	3	3,600	₹424,800
S - HNI Maximum	7	8,400	₹991,200
B - HNI Minimum	8	9,600	₹1,132,800

About the Company

Company Overview: Vans Electroengineerings Limited is a Salem, Tamil Nadu-based engineering company incorporated in 2022. The company manufactures and supplies specialised electrical equipment used in railway electrification, traction power supply, metro systems and related infrastructure. Business Model: The company manufactures Vacuum Circuit Breakers and Vacuum Interrupters used in traction substations, sectioning posts, feeding posts and other railway electrification applications. Its products are primarily supplied to Indian Railways and railway contractors.

Products & Services

• Single Pole Vacuum Circuit Breakers
• Double Pole Vacuum Circuit Breakers
• Single Pole Vacuum Interrupters
• Double Pole Vacuum Interrupters
• Railway Traction Power Supply Equipment
• Overhead Equipment Components
• Engineering, Assembly, Testing & Validation Services

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹2.76	₹2.71	₹0.02	₹6.57
2025	₹13.82	₹11.51	₹1.73	₹5.34
2026	₹23.19	₹15.93	₹5.39	₹16.85

Company Promoter

Balakrishnan Srinivasan

Viraj Bansal

Abhishek Saraff

Nitin Jain

Pooja Bansal

Hotspot Infodot Pvt.Ltd.

Know before investing

• • Strengths

  Niche Market Focus: The company operates in a specialised segment of railway traction power and electrification equipment, with products designed for railway and metro applications.

  RDSO Approved Products: Its products are RDSO-approved and the company has CORE vendor status and ISO 9001:2015 certification, supporting its eligibility for relevant railway applications.

  Integrated Engineering Capabilities: The company handles design, engineering, assembly, testing and validation of its VCB and VI products through in-house capabilities at its Salem facility.

  Established Customer Base: The company has developed customer relationships across multiple regions of India through supply of railway electrification products meeting required quality and technical specifications.

  Strong FY26 Growth: Revenue from operations increased from 2.60 crore in FY24 to 13.56 crore in FY25 and 22.84 crore in FY26. PAT increased from 0.02 crore in FY24 to 1.73 crore in FY25 and 5.39 crore in FY26.

  Experienced Promoters: The company is led by promoters and management with experience in electrical engineering, railway electrification and infrastructure-related activities.

• • Risks

  Indian Railways Dependence: The company's business and revenue are substantially dependent on Indian Railways. Changes in railway policies, procurement or spending could affect orders and revenue.

  Product Concentration: Approximately 85.50% of FY26 revenue came from the company's two key product verticals — Vacuum Circuit Breakers and Vacuum Interrupters.

  Customer Concentration: The company's largest customer contributed approximately 42.66% of FY26 revenue, creating dependence on a limited number of customers.

  Raw Material & Supplier Risk: The company depends on timely availability of raw materials and components. Its top supplier accounted for 25.24% of FY26 purchases, creating supplier concentration risk.

  Working Capital Risk: Trade receivables stood at approximately 13.14 crore in FY26, equivalent to 57.53% of revenue from operations, creating working-capital requirements as the business expands.

  Single Manufacturing Facility: Manufacturing, assembly, testing and storage are concentrated at the company's Salem facility. Any operational disruption could affect production and deliveries.

  Competitive Tendering: The company participates in competitive bidding and tendering processes for railway and infrastructure contracts. Changes in tender conditions or inability to qualify could affect future order inflows.

Objects of the Issue & Utilisation of proceeds

Working Capital Requirements: Approximately 25.00 crore is proposed to be utilised towards the company's working-capital requirements, including inventory, receivables and operating-cycle requirements.

General Corporate Purposes: The remaining eligible proceeds are proposed to be utilised towards general corporate purposes, subject to the limits specified in the offer documents.

Key Utilisation:
Working Capital: 25.00 crore
General Corporate Purposes: Balance amount

Company Address

Vans Electroengineerings Ltd.
Plot 17
SIDCO Women’s Industrial Estate
Karuppur
Salem, Tamil Nadu, 636011
Phone: 9677114470
Email: cs@vanselectroengineerings.com
Website: https://vanselectroengineerings.com/

IPO Registrar

Bigshare Services Pvt. Ltd.
Phone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html