Vivid Electromech Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹555
Per ShareLot Size
240 Shares
Minimum Investment
₹1,33,200
Issue Size
₹130.54 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.04%
QIB Quota
49.94%
NII Quota
15.02%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Vivid Electromech Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
73.53%
Issue Type
Book Building - SME
ISIN
INE24H301028
About the Company
The Company is an ISO 9001:2015, certified manufacturer of Low-Voltage ("LV") and Medium-Voltage ("MV") electrical panels and automation systems, with over 30 years of operational history. It provides end-to-end solutions including design, fabrication, assembly, testing and commissioning of control and automation systems. Its LV electrical panel product range includes PCC, IMCC, MCC, DG Synchronization, Power Distribution Board and Outdoor Panels, while our MV electrical panel product range covers 3.3 kV to 33 kV panels and includes specialized product such as VCB Panel, Control & Relay Panels, RMG and APFC Panels. Its products, type-tested under IEC standards, cater to sectors including Data Centre & Technology, Infrastructure, Construction & Real Estate including Metro Projects, Solar & Renewable Energy, Industrial Manufacturing and Machinery etc.
Industry Overview
India's capital goods manufacturing industry plays a crucial role across engineering, construction, infrastructure, and consumer sectors, contributing 1.9% to GDP. The Quick Estimates of IIP reached 150.9 in October 2025, with mining at 126.2, manufacturing at 151.1, and electricity at 193.4. The heavy engineering and machine tools segment remains vital, with production rising from Rs. 2,29,533 crore in CY15 to Rs. 4,29,001 crore in CY24. Electrical equipment leads the sector and is projected to grow from US$ 52.98 billion in 2022 to US$ 125 billion by 2027. Government initiatives and strong exports of Rs. 9,86,328 crore in FY25 support sustained industrial expansion and infrastructure development. Simultaneously, India has emerged as a leading global data-centre market, with capacity projected to triple from ~870 MW in 2023 to 2,500 MW by 2027 and the market expected to reach US$ 15 billion by 2030.
Company History
The Company was originally incorporated as a Private Limited Company under the name "Vivid Electromech Private Limited" under the provisions of the Companies Act, 1956 at Bombay, Maharashtra, pursuant to a certificate of incorporation dated August 10, 1990 bearing registration no 11-57679 issued by the Registrar of Companies, Bombay, Maharashtra. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting held on December 21, 2024 the Company was converted into a Public Limited Company and consequently the name of our Company was changed from "Vivid Electromech Private Limited" to "Vivid Electromech Limited" vide a fresh certificate of incorporation dated February 12, 2025, issued by the Registrar of Companies, Central Registration Centre. The Company's Corporate Identity Number consequent to conversion is U31200MH1990PLC057679.
Products & Services
- The Company is a manufacturer of Low-Voltage ("LV") and Medium-Voltage ("MV") electrical panels and automation systems, with over 30 years of operational history.
Growth Strategy
- Setting up of new integrated manufacturing unit.
- Expansion of its geographical footprint.
- Maintaining Long-Term Relationships with Customers and Suppliers.
- Strengthen its marketing network.
- Focus on Post-Sales Services and Customer Support.
- Expand Presence in High-Growth Data Centre Sector.
- Developing Partnerships with Established Brands and OEMs.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 23,52,000 equity shares of face value of Rs.10/- each (the "Equity Shares") of Vivid Electromech Limited ("The Company" or "The Issuer") at an offer price of Rs.555 per equity share (including share premium of Rs. 545 per equity share) for cash, aggregating up to Rs. 130.54 Crores ("Public Offer") comprising of a fresh issue of 18,84,000 equity shares aggregating to Rs. 104.56 Crores (the "Fresh Issue") and an offer for sale of 4,68,000 equity shares by the promoter selling shareholder ("Offer For Sale") aggregating to Rs. 25.97 Crores comprising; 1,17,000 equity shares aggregating to Rs.6.49 Crores by Sameer Vishvanath Attavar and 3,51,000 equity shares aggregating to Rs. 19.48 Crores by Meeta Sameer Attavar (collectively Refferd as "Promoter Selling Shareholders"), out of which 1,18,800 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 555 per equity share for cash, aggregating Rs. 6.59 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. Offer of 22,33,200 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 555 per equity share for cash, aggregating to Rs. 123.94 Crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.46% and 25.13% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 555 per equity share of face value Rs. 10/- each. The floor price (Rs.555) is 55.5 times of the face value of the equity shares. Bids can be made for a minimum of 480 equity shares and in multiples of 240 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Integrated Manufacturing Facilities.
- Diverse Product Portfolio with wide geographic reach.
- Strategic Partnerships with leading brands.
- Commitment to Quality Control and Safety.
- Growing Presence in the Data Centre Segment.
- The company's business is significantly dependent on the availability and cost of key raw materials such as CRCA sheets, GI sheets, aluminum, copper, and switchgears. Volatility in their prices or disruption in supply may adversely affect its business, financial condition, results of operations, and cash flows.
- The company is dependent on a limited number of suppliers located within a concentrated geographical region for the supply of the company's raw materials, and the company does not have long-term agreements with most of its suppliers. Any disruption in supply, increase in prices, or adverse developments in the region could materially and adversely affect the company's business, financial condition and results of operations.
- The company is dependent on a few customers for a major part of its revenues. Further the company does not have any long-term commitments from customers and any failures to continue the company's existing arrangements could adversely affect its business and results of operations.
- If there are delays in setting up the Proposed manufacturing unit or if the costs of setting up and the possible time or cost overruns related to the Proposed manufacturing unit or the purchase of plant and machinery for the Proposed manufacturing unit are higher than expected, it could have a material adverse effect on the company's financial condition, results of operations and growth prospects.
- The company is yet to place final orders for a portion of the capital expenditure relating to the company's proposed manufacturing facility. Any delay in procurement, installation or cost escalation may adversely affect the implementation of its expansion plan and the company's business, financial condition and results of operations.