Vivid Electromech IPO Raises 38% of Issue on First Day, GMP and Details Available

Vivid Electromech IPO Update

IPO Details

• Issue Period: March 25 - March 30
• Price Band: ₹528 - ₹555 per equity share
• Minimum Bid: 240 equity shares
• Additional Shares: Bids to be placed in multiples of 240
• Face Value: ₹10 per equity share

Company Overview

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Vivid Electromech is a manufacturer of Low-Voltage (LV) and Medium-Voltage (MV) electrical panels and automation systems. The company offers a range of products, including Power Control Centre (PCC) Panels, Intelligent Motor Control Centre (IMCC) Panels, and Power Distribution Boards and Units. As of September 30, 2025, the company's net profit was recorded at ₹9.44 crore.

Financial Performance

• Net Profit: ₹9.44 crore (as of September 30, 2025), down from ₹20.24 crore on March 31, 2025, and ₹42.8 crore on March 31, 2024
• Total Revenue: ₹69.36 crore (as of September 30, 2025), down from ₹155.29 crore on March 31, 2025, and ₹88.90 crore on March 31, 2024

IPO Subscription Status

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• Subscription Status: 38% on day 1
• Retail Portion: 1% subscribed
• NII Portion: 17% booked
• QIB Segment: 1.20x booked
• Total Bids: 6,01,920 shares against 15,64,320 shares on offer

IPO Details

• Fresh Issue: ₹104.56 crores
• Offer for Sale (OFS): ₹25.97 crores
• Funds Allocation:

• Capital Expenditure: ₹43.84 crore
• Repayment of Loans: ₹9.3 crore
• Working Capital Needs: ₹25 crore

• Book Running Lead Manager (BRLM): Hem Securities
• Registrar: MUFG Intime India Pvt Ltd