Vivid Electromech IPO: Key Highlights

The Vivid Electromech Limited IPO has entered the market with a total issue size of ₹130.54 crore, making it a notable offering in the SME segment. The IPO is structured as a book-built issue, comprising both a fresh issue and an offer for sale (OFS).

The IPO opened for subscription on March 25, 2026, and closed on March 30, 2026, with the listing expected on April 06, 2026 on the BSE SME platform.

IPO Structure and Financial Details

Issue Composition

• Fresh Issue: 0.19 crore shares worth ₹104.56 crore
• Offer for Sale (OFS): 0.05 crore shares worth ₹25.97 crore

Price Band

The IPO is priced in the range of ₹528 to ₹555 per share.

Market Capitalisation

At the upper price band of ₹555, the company’s market capitalisation is estimated at around ₹493.26 crore.

Lot Size and Investment Requirements

The IPO has a relatively high entry requirement due to its SME nature.

Retail Investors

• Minimum investment: 2 lots (480 shares)
• Investment amount: ₹2,66,400

HNI Investors

• Minimum investment: 3 lots (720 shares)
• Investment amount: ₹3,99,600

This makes it suitable primarily for investors with higher capital availability.

Important Dates

• IPO Opening Date: March 25, 2026
• IPO Closing Date: March 30, 2026
• Allotment Date: April 01, 2026 (expected)
• Listing Date: April 06, 2026 (tentative)

These timelines are important for tracking allotment and listing performance.

Company Overview

Vivid Electromech Limited is an ISO 9001:2015 certified company engaged in the manufacturing of:

• Low-Voltage (LV) electrical panels
• Medium-Voltage (MV) electrical panels
• Automation systems

The company provides end-to-end solutions, including design, fabrication, assembly, testing, and commissioning.

Business Model

The company operates a comprehensive model covering:

• Design and engineering
• Manufacturing and assembly
• Testing and quality assurance
• Installation and commissioning

This integrated approach ensures quality control and operational efficiency.

Revenue Profile

A key highlight of the company’s revenue structure is:

• Over 97% revenue from domestic markets

This indicates strong dependence on the Indian market, with limited international exposure.

Industry Applications

The company serves a wide range of industries:

Data Centres

• Power management and distribution systems

Infrastructure

• Electrical panels for large-scale projects

Renewable Energy

• Integration of electrical systems

Manufacturing

• Automation and control systems

These sectors are witnessing strong growth, providing future opportunities.

Grey Market Premium (GMP) Update

The Grey Market Premium (GMP) for the IPO is currently indicated at around ₹0.

Interpretation:

• Reflects neutral market sentiment
• No strong indication of listing gains

Important to note:

• GMP is unofficial and unregulated
• Should not be the sole basis for investment decisions

Role of Key Intermediaries

• Book Running Lead Manager: Hem Securities Limited
• Registrar: MUFG Intime India Private Limited
• Market Maker: Hem Finlease Pvt. Ltd.

These entities are responsible for managing the IPO process and liquidity support.

Investment Positives

Strong Industry Demand

Growth in infrastructure, data centres, and renewable energy boosts demand.

Integrated Operations

End-to-end capabilities ensure better execution and margins.

Quality Certification

ISO certification enhances credibility and reliability.

Risks to Consider

High Entry Cost

Large minimum investment due to SME structure.

Domestic Dependence

Over-reliance on Indian market.

SME Volatility

Higher price fluctuations and lower liquidity post-listing.

Industry Outlook

The electrical equipment and automation sector in India is expected to grow due to:

• Expansion in data centres
• Increase in renewable energy projects
• Growth in industrial automation

This creates a positive environment for companies like Vivid Electromech.

Key Takeaways

• IPO size is ₹130.54 crore
• Price band is ₹528–₹555 per share
• Minimum retail investment is ₹2.66 lakh
• GMP shows neutral sentiment
• Listing expected on April 06, 2026

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