IPO Overview
Vivid Electromech Limited is an ISO 9001:2015 certified manufacturer of Low Voltage (LV) and Medium Voltage (MV) electrical panels and automation systems, with an operating track record of over three decades. The company is engaged in end-to-end panel manufacturing and system integration, covering engineering, design, fabrication, assembly, testing, and commissioning of electrical control and automation solutions. Its products are deployed across power distribution, load management, process control, and industrial automation applications.
The company primarily serves the Data Centers, Metro Projects, and Solar & Renewable Energy sectors. The IPO aims to raise ₹130.53 crore, with shares to be listed on the NSE Emerge platform.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME |
| Listing Exchange | NSE Emerge (NSE SME) |
| Anchor Bidding Date | 24 March 2026 |
| IPO Open Date | 25 March 2026 |
| IPO Close Date | 30 March 2026 |
| Allotment Date | 01 April 2026 (Expected) |
| Credit to Demat | 03 April 2026 |
| Listing Date | 06 April 2026 (Tentative) |
| Price Band | ₹528 – ₹555 per share |
| Face Value | ₹10 per share |
| Lot Size | 480 shares |
| Minimum Investment (Retail) | ₹2,66,400 (approx) |
| Issue Size | ₹130.53 crore (23,52,000 shares) |
| Fresh Issue | ₹104.56 crore (18,84,000 shares) |
| Offer For Sale (OFS) | ₹25.97 crore (4,68,000 shares) |
Issue Break-up
| Category | Allocation |
| QIB – Anchor Portion | Up to 6,68,880 shares |
| Qualified Institutional Buyers (QIB) | Not more than 4,46,400 shares |
| Non-Institutional Investors (NII) | Not less than 3,35,520 shares |
| Retail Individual Investors (RII) | Not less than 7,82,400 shares |
| Market Maker | Up to 1,18,800 shares |
OFS / Selling Shareholders
The IPO is a combination of a fresh issue of 0.19 crore shares aggregating to ₹104.56 crore and an offer for sale of 0.05 crore shares aggregating to ₹25.97 crore. The OFS proceeds will go to the selling promoter shareholders, while the fresh issue proceeds will be used for business expansion.
Objects of the Issue (Fund Utilization)
The net proceeds from the IPO will be utilized for:
- New Manufacturing Unit — Capital expenditure for setting up a new manufacturing facility at Ambernath
- Debt Repayment — Repayment of certain outstanding borrowings
- Working Capital Requirements — To fund day-to-day operational needs
- General Corporate Purposes — Remaining proceeds
Lead Managers & Registrar
- Book Running Lead Manager: HEM Securities Limited
- Registrar to the Issue: MUFG Intime India Private Limited
Promoters & Management
The promoters of Vivid Electromech are Mr. Sameer Vishvanath Attavar and Mrs. Meeta Sameer Attavar. Mr. Hardik Dinesh Shah is also a promoter of the company.
- Chairman & Managing Director: Mr. Sameer Vishvanath Attavar
Company Details
Vivid Electromech Ltd. was incorporated in 1990 and is engaged in manufacturing low-voltage and medium-voltage electrical panels and automation systems.
Sectors Served:
- Data Centers
- Metro Rail Projects
- Solar & Renewable Energy
- Industrial Automation
- Power Distribution & Infrastructure
Key Products:
- Power Control Centre (PCC) Panels
- Intelligent Motor Control Centre (IMCC) Panels
- Soft Starter Panels
- Drawout Motor Control Panels
- Automation & Control Systems
Key Capabilities:
- All products are type-tested in accordance with IEC 61439, IEC 61641, and IEC 62271 standards.
- Vivid Electromech maintains OEM partnerships with ABB, Larsen & Toubro, and Schneider Electric, and is licensed to manufacture ABB ArTu K LV switchboards.
Manufacturing Facilities:
- Two manufacturing facilities in Navi Mumbai and Pune with a combined installed capacity of approximately 7,500 units per annum.
- New facility planned at Ambernath (post-IPO expansion)
Workforce:
- As of 31 December 2025, the company had 239 permanent full-time employees.
Certifications:
- ISO 9001:2015 Certified
- IEC 61439 / IEC 61641 / IEC 62271 Type-Tested Products
Financial Snapshot
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY24 | ₹89.55 | ₹4.28 |
| FY25 | ₹155.77 | ₹20.24 |
Key Financial Metrics
- Revenue Growth: ~74% YoY (FY24 to FY25) — exceptional top-line expansion
- PAT Growth: ~373% YoY (FY24 to FY25) — massive jump in profitability
- Financial performance reflects strong growth momentum with revenue rising sharply and profitability improving significantly in FY25.
Company Strengths
- Over three decades of operating track record in a specialized, high-demand manufacturing segment
- OEM partnerships with globally reputed brands — ABB, L&T, and Schneider Electric — adding significant credibility and market access.
- Strong revenue and PAT growth trajectory in FY25, demonstrating operational scalability
- Presence in high-growth end markets — data centers, metro projects, and renewable energy — all benefiting from India’s infrastructure push.
- New manufacturing facility at Ambernath will substantially enhance production capacity, improve operational efficiency, and enable the company to undertake larger and more complex turnkey projects.
- IEC type-tested products aligned with international quality standards
Key Risks & Challenges
- High minimum investment: At ₹2,66,400 , retail participation may be limited compared to lower-ticket SME IPOs
- OFS component present: A portion of funds (₹25.97 crore) flows to promoters — not to the company
- Zero GMP as of opening day: No grey market enthusiasm signals cautious listing day expectations
- Customer concentration risk: Revenue heavily dependent on a few large sectors — data centers and metro projects — which are subject to project-based, lumpy ordering cycles
- Execution risk on new plant: The Ambernath facility is a greenfield project, adding capex risk, timeline risk, and ramp-up uncertainty post-IPO
- Weak SME market sentiment: Average listing gains in the SME IPO segment have cooled significantly in early 2026
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
