Updated on 07.04.2026|12:05 PM
Vivid Electromech Limited is set to launch its Initial Public Offering (IPO) on Wednesday, March 25, 2026.
It is an ISO-certified manufacturer specialising in Low-Voltage (LV) and Medium-Voltage (MV) electrical panels and automation systems, with over three decades of operational history and OEM associations with global leaders like ABB and Schneider Electric, the company provides end-to-end solutions for high-growth sectors, including Data Centres and Infrastructure.
The IPO, a mix of a Fresh Issue and an Offer for Sale (OFS), will close on Monday, March 30, 2026, aiming to raise approximately ₹130.54 Crores at the upper price band. Track all the IPOs of 2026 at our upcoming and live IPOs section.
In this article, you will find Vivid Electromech IPO GMP today, price band, and a detailed review with valuation, financial analysis, strength and risk, industry outlook and key observations. For day to day subscription status check our daywise IPO subscription page.
Briefs of Vivid Electromech IPO Details
- Price Band: ₹528 – ₹555 per equity share
- IPO Open / Close Dates: March 25, 2026 – March 30, 2026
- Lot Size: 240 Shares (Note: Retail Minimum Application is 2 Lots / 480 Shares)
- Issue Size: 23,52,000 Equity Shares / ~₹130.54 Crores
- Fresh Issue: 18,84,000 Shares (~₹104.56 Cr)
- Offer for Sale (OFS): 4,68,000 Shares (~₹25.97 Cr)
- Registrar: MUFG Intime India Pvt. Ltd.
- Listing Exchange: NSE SME
For the investors seeking help on allotment related queries with MUFG Intime can check our detailed guide on MUFG IPO allotment status which illustrates and clarify all the queries.
What Is The Vivid Electromech IPO GMP Today?
You can review the GMP for this and other issues on our GMP hub page.
Note: The Grey Market Premium (GMP) changes daily based on market demand. It is an unofficial indicator and is not regularised by SEBI, NSE, or BSE. Investors should not rely solely on GMP for investment decisions.
Listing Updates:
| Type | Issue Price | Open | Gain/loss % |
| Lisiting | 555.00 | 565.00 | 1.80 |
What Are The Important Vivid Electromech IPO Dates & Allotment Schedule?
For investors planning their capital allocation, here is the critical timeline for the issue:
- IPO Open Date: Wednesday, March 25, 2026
- IPO Close Date: Monday, March 30, 2026
- Basis of Allotment Date: Wednesday, April 1, 2026
- Refund Initiation Date: Thursday, April 2, 2026
- Credit of Shares: Thursday, April 2, 2026
- Listing Date: Monday, April 7, 2026
What Are The Objectives of Vivid Electromech IPO?
The company proposes to utilise the Net Proceeds from the Fresh Issue (approx. ₹104.56 Crores) towards the following strategic purposes:
- Capital Expenditure: ₹47.88 Crores is earmarked to establish a new integrated manufacturing unit in Thane, Maharashtra, expanding production capacity for LV and MV panels.
- Working Capital: ₹40.00 Crores will be deployed to meet incremental working capital requirements, essential for managing higher inventory and receivables as revenues scale.
- Debt Repayment: ₹9.75 Crores will be used to prepay a term loan utilised for purchasing project land.
- General Corporate Purposes: The remaining balance will fund ongoing operational exigencies.
(Note: The company will not receive any proceeds from the OFS portion.)
How is The Financial Performance of Vivid Electromech?
The following table summarises the financial performance of the company based on restated financial statements.
(Figures in ₹ Crores)
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 |
Total Income | 155.77 | 89.55 | 59.63 |
Profit After Tax (PAT) | 20.24 | 4.28 | 0.06 |
EBITDA | 28.39 | 7.18 | 1.76 |
Total Borrowing | 4.23 | 4.77 | 6.47 |
Assets | 115.30 | 62.38 | 55.14 |
Source: RHP
Financial Analysis & Observations:
Total Income:
Vivid Electromech has demonstrated explosive top-line growth, with Total Income surging from ₹59.63 Crores in FY23 to ₹155.77 Crores in FY25. This scaling is primarily driven by an increased footprint in India's booming infrastructure hubs and a strategic pivot towards supplying panels for the rapidly expanding Data Center sector.
Profit After Tax (PAT):
The bottom line has seen a phenomenal expansion, jumping from a mere ₹0.06 Crores in FY23 to ₹20.24 Crores in FY25. This remarkable margin expansion (PAT margin reaching 13.04%) highlights successful cost optimisation and the lucrative nature of high-margin sectors like Data Centres.
EBITDA:
Operational efficiency is a major strength, with EBITDA growing exponentially to ₹28.39 Crores in FY25. The EBITDA margin expanded to 18.28%, underscoring better economies of scale and integrated manufacturing capabilities.
Total Borrowing:
Despite the massive revenue scaling, the company has managed to reduce its total borrowings to ₹4.23 Crores in FY25 from ₹6.47 Crores in FY23. This debt reduction, leading to a highly comfortable debt-to-equity ratio of 0.15, indicates robust internal cash generation.
Assets:
The asset base more than doubled over three years, reaching ₹115.30 Crores in FY25. This expansion is largely fueled by significant increases in trade receivables (over ₹60 Crores) and inventories, which directly mirror the heavy working capital required to support the surging order book.
What Are the P/E Ratio and Peer Comparison?
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹28.90, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 19.20x at the upper end of the price band (₹555).
P/E Ratio = ₹555(Price) / ₹28.90 (Earnings Per Share)
P/E Ratio ≈ 19.20x
Peer Comparison Table (FY 2024-25 Data):
| Company | P/E Ratio | RoNW (%) | PAT Margin (%) |
Vivid Electromech | 19.20 | 73.76 | 13.04 |
| Shivalic Power Control | 18.17 | 11.15 | 9.38 |
| Marine Electricals | 76.87 | 9.34 | 4.97 |
Analysis:
Vivid Electromech is entering the market at a P/E multiple of approximately 19.20x based on its stellar FY25 EPS. When compared to the industry average of 47.52x and peers like Marine Electricals (76.87x), the issue appears to be priced conservatively. While Shivalic Power Control trades at a similar P/E (18.17x), Vivid has a Return on Net Worth (RoNW) of 73.76% and higher PAT margins, making it an attractive proposition in terms of capital efficiency.
What is the Industry Outlook of Vivid Electromech Limited?
Growth Potential:
The Indian electrical equipment industry is witnessing structural tailwinds. The surge in domestic manufacturing, infrastructure upgrades, and the explosive growth of Data Centers require reliable and certified power distribution panels.
Market Trends:
There is a growing preference for OEM-certified manufacturers who provide end-to-end solutions. Vivid's partnerships with global giants like ABB and Schneider Electric position it favourably to capture high-value, stringent-specification contracts.
What Are The Strengths and Risks of Vivid Electromech IPO?
Strengths:
- Exceptional Return Ratios: A RoNW of nearly 74% and a RoCE of 87% in FY25 are standout metrics, indicating superior management of deployed capital.
- Strategic Sector Exposure: Generating over 35% of FY25 revenue from the high-growth Data Centre segment provides a strong forward-looking moat.
- Strong Balance Sheet: Consistent reduction in debt alongside surging revenues highlights excellent cash flow management.
Risks:
- High Concentration: The business is heavily reliant on Maharashtra (nearly 86% of FY25 revenue) and a few key clients (top 10 contribute ~70% of sales).
- Working Capital Intensity: With over ₹60 Crores tied up in trade receivables, any delay in payments from large infrastructure clients could strain liquidity.
- Promoter Acquisition Cost: The promoters' average cost of acquisition is extremely low (₹0.18 and ₹0.06 per share), aided by recent bonus issues, contrasting sharply with the IPO price.
Key Considerations for Investors
This section is neutral and for informational purposes only.
Investors should note the Minimum Investment structure.
- Minimum Application: The lot size is 240 Shares. Based on the data provided, the minimum application for Retail Individual Investors is 2 Lots (480 Shares), amounting to ₹2,66,400. Note: This investment amount exceeds the typical ₹2 Lakh retail limit, which implies this category effectively targets HNI investors.
- Valuation: At ~19.2x P/E, the pricing leaves significant room for upside when compared to industry averages, especially given the explosive profit growth.
- Risk Profile: While financials are pristine, the high geographic and client concentration requires monitoring.
Key Takeaways
- IPO Price: ₹555 per share (Upper Band).
- Min Investment: ₹2,66,400 (480 Shares)
- Financials: Revenue ₹155 Cr (FY25);
- Allotment: April 1, 2026
- Listing: NSE SME platform on April 7, 2026.
FAQs on Vivid Electromech IPO
What is Vivid Electromech IPO GMP today?
The GMP is a dynamic market sentiment indicator. Please check our dedicated GMP section for the latest updates.
What is Vivid Electromech IPO price band?
The price band is fixed at ₹528 to ₹555 per equity share.
What is Vivid Electromech IPO allotment date?
The allotment status is expected to be finalised on Wednesday, April 1, 2026.
How to check Vivid Electromech IPO allotment status?
Investors can check the status on the website of MUFG Intime India Pvt. Ltd. (the Registrar) or via the NSE IPO allotment portal. You can also track allotment details for other IPOs at our allotment status hub page.
What is Vivid Electromech IPO listing date?
The shares are tentatively scheduled to list on Monday, April 7, 2026.
Investment Perspective on Vivid Electromech IPO
Vivid Electromech presents a compelling high-growth opportunity in the electrical equipment space, bolstered by its exposure to the booming Data Centre market. With exceptional return ratios, a deleveraging balance sheet, and a reasonable valuation multiple compared to peers, it is a strong fundamental candidate. However, investors must weigh the high minimum investment ticket size and customer concentration risks.
Disclaimer: This article is strictly for educational purposes. Please consult a SEBI-registered investment advisor before making any investment decisions.
