India’s IPO market continues to witness strong traction in 2026, driven by improving market sentiment and increased participation from retail and institutional investors. Companies across manufacturing, infrastructure, and technology sectors are tapping the primary markets to fuel expansion and reduce debt.
Amid this momentum, Vivid Electromech Limited is set to open its IPO on March 25, 2026. Here is a detailed look at the company, IPO details, financials, and industry outlook.
About Vivid Electromech Ltd.
Incorporated in 1990, Vivid Electromech Ltd. is engaged in the manufacturing of low voltage and medium voltage electrical panels along with automation systems.
The company provides end to end solutions including engineering, design, fabrication, assembly, testing, and commissioning of electrical control and automation systems. Its product portfolio includes PCC panels, MCC panels, IMCC panels, DG synchronisation panels, power distribution boards, and outdoor panels.
Vivid Electromech caters to multiple sectors such as data centres, infrastructure, metro projects, real estate, renewable energy, and industrial manufacturing.
The company operates two manufacturing facilities located in Navi Mumbai and Pune and had a workforce of 252 employees as of September 2025.
Vivid Electromech IPO Details
Vivid Electromech IPO is a book building issue aggregating to approximately ₹130.54 crore. The issue consists of a fresh issue and an offer for sale.
The company plans to utilise the proceeds towards setting up a new manufacturing facility, repayment of borrowings, working capital requirements, and general corporate purposes.
Important IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | March 25, 2026 |
| IPO Close Date | March 30, 2026 |
| Allotment Date (Tentative) | April 2, 2026 |
| Initiation of Refunds | April 6, 2026 |
| Credit of Shares | April 6, 2026 |
| Listing Date (Tentative) | April 7, 2026 |
Key IPO Details
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹528 to ₹555 per share |
| Lot Size | 240 shares |
| Issue Type | Bookbuilding IPO |
| Total Issue Size | 23,52,000 shares (₹130.54 Cr) |
| Fresh Issue | ₹104.56 Cr |
| Offer for Sale | ₹25.97 Cr |
| Listing At | NSE SME |
| Market Cap (Pre IPO) | ₹493.27 Cr |
IPO Reservation
| Category | Shares Offered (%) |
|---|---|
| QIB | 47.42% |
| Anchor Investors | 28.44% |
| QIB (Ex Anchor) | 18.98% |
| NII (HNI) | 14.27% |
| Retail (RII) | 33.27% |
| Market Maker | 5.05% |
Lot Size of Vivid Electromech IPO
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 480 | ₹2,66,400 |
| Retail (Max) | 2 | 480 | ₹2,66,400 |
| S HNI (Min) | 3 | 720 | ₹3,99,600 |
| S HNI (Max) | 7 | 1,680 | ₹9,32,400 |
| B HNI (Min) | 8 | 1,920 | ₹10,65,600 |
Vivid Electromech Ltd. Financials
The company has shown strong growth in both revenue and profitability in recent years, supported by increasing demand for automation and power distribution solutions.
Key Company Financials (₹ Crore)
| Period Ended | Sep 30, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Assets | 119.62 | 115.30 | 62.38 | 55.14 |
| Total Income | 70.89 | 155.77 | 89.55 | 59.63 |
| Profit After Tax | 9.44 | 20.24 | 4.28 | 0.06 |
| EBITDA | 13.50 | 28.39 | 7.18 | 1.76 |
| Net Worth | 37.03 | 27.45 | 6.98 | 2.38 |
| Reserves & Surplus | 44.23 | 38.29 | 18.05 | 14.94 |
| Total Borrowing | 14.17 | 4.23 | 4.77 | 6.47 |
Key Performance Indicators (KPI)
| KPI | Sep 2025 | Mar 2025 |
|---|---|---|
| ROE | 29.29% | 117.61% |
| ROCE | 25.67% | 87.34% |
| Debt to Equity | 0.38 | 0.15 |
| PAT Margin | 13.38% | 13.04% |
| EBITDA Margin | 19.13% | 18.28% |
| Price to Book | 10.50 | 14.16 |
Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital expenditure for new manufacturing unit | 43.84 |
| Repayment of borrowings | 9.30 |
| Working capital requirements | 36.00 |
| General corporate purposes | Balance |
Vivid Electromech Ltd.: Industry Outlook
• Increasing investments in infrastructure, metro rail projects, and smart cities are driving demand for electrical panels and automation systems
• Growth in data centres and renewable energy projects is boosting demand for advanced power distribution solutions
• Industrial automation adoption is increasing across manufacturing sectors
• India’s push towards electrification and energy efficiency is supporting long term demand for LV and MV panels
• Rising digital infrastructure and urbanisation trends are expected to accelerate industry growth
Conclusion
Vivid Electromech Limited operates in a growing segment of electrical infrastructure and automation systems with a diversified product portfolio and strong sector presence. The company has demonstrated significant growth in recent financial performance.
However, investors should carefully evaluate the sustainability of earnings growth and valuation levels. The IPO appears suitable for informed investors looking at medium term opportunities in the electrical and industrial automation space.
