Vivid Electromech to Launch Initial Public Offering on March 25, Listing Scheduled for April 6

Vivid Electromech Initial Public Offering (IPO) Details

Key Highlights:

• Vivid Electromech, a manufacturer of electrical panels and automation systems, is set to open its initial share sale for public subscription on March 25, with a price range of Rs 528-555 per share.
• The company is raising Rs 130.5 crore via initial public offering (IPO) at the upper price band, valuing it at Rs 493 crore.

IPO Details:

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• The IPO consists of a fresh issue of 18.84 lakh shares and an offer-for-sale of 4.68 lakh shares.
• Promoters Sameer Vishvanath Attavar and his wife Meeta Attavar will be selling shareholders in the offer for sale.
• The one-day IPO anchor book will open on March 24, while the offer will close for public subscription on March 30.

Share Allotment and Listing:

• Vivid Electromech will finalise IPO share allotment by April 1.
• The company's shares will be available for trading on NSE Emerge on April 6.

Business Operations:

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• Vivid Electromech manufactures low-voltage and medium-voltage electrical panels and automation systems, catering to several sectors including data centre & technology, infrastructure, construction & real estate, and industrial manufacturing and machinery.
• The company has OEM associations with ABB, Lauritz Knudsen Electrical & Automation (LK), and Schneider Electric, and is licensed by ABB India to manufacture and integrate ArTu K low-voltage switchboards using ABB components.

Use of Proceeds:

• The company will spend Rs 43.8 crore of proceeds from the fresh issue for setting up a new manufacturing unit at Ambernath, Maharashtra.
• Rs 36 crore will be utilised for working capital Requirements, Rs 9.3 crore for repayment of certain borrowings, and the remainder funds for its general corporate purpose.

Financial Performance:

• Vivid Electromech reported a profit of Rs 20.2 crore for the fiscal year ended March 2025, growing nearly five-fold from Rs 4.28 crore in the previous year.
• Revenue during the same period increased by 74.7 percent to Rs 155.3 crore from Rs 88.9 crore.
• The company reported a profit of Rs 9.4 crore on revenue of Rs 70.6 crore in the six months period ended September 2025.

Lead Manager:

• Hem Securities has been appointed as the book running lead manager for the Vivid Electromech IPO.