Vivid Electromech IPO is a book-built issue worth ₹130.54 crore. The public offering comprises a fresh issue of 0.19 crore shares aggregating to ₹104.56 crore and an offer for sale (OFS) of 0.05 crore shares valued at ₹25.97 crore.
The IPO will open for subscription on March 25, 2026, and will close on March 30, 2026. The allotment of shares is expected to be finalised on April 1, 2026. The company is scheduled to list on the NSE SME platform, with the tentative listing date set for April 6, 2026.
The price band for the Vivid Electromech IPO has been fixed at ₹528 to ₹555 per share. The lot size for the issue is 240 shares. For retail investors, the minimum investment required is ₹2,66,400 for two lots (480 shares) at the upper price band. For high-net-worth individuals (HNIs), the minimum application size is three lots (720 shares), amounting to ₹3,99,600.
Hem Securities Ltd is acting as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd has been appointed as the registrar to the IPO. Refer to Vivid Electromech IPO RHP for complete details.
Vivid Electromech IPO Objectives
The company plans to utilise the Net Proceeds from the issue for the following purposes:
- An amount of ₹4,384.32 lakh will be utilised for funding the capital expenditure requirements related to setting up a new manufacturing unit.
- Around ₹929.86 lakh will be used for the repayment of certain borrowings availed by the company.
- The company will allocate ₹3,600.00 lakh to meet its working capital requirements.
- For general corporate purposes.
About Vivid Electromech Limited
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 operational history of over 30 years. The company is engaged in panel manufacturing and system integration, providing electrical and automation solutions that include engineering, design, fabrication, assembly, testing, and commissioning of control and automation systems.
Its products are used in applications such as power distribution, load management, process control, and industrial automation across multiple sectors.
The company manufactures a wide range of LV electrical panels, including Power Control Centre (PCC) panels, Intelligent Motor Control Centre (IMCC) panels, Soft Starter panels, Motor Control Centre (MCC) panels, DG synchronisation panels, power distribution boards and units, Automatic Power Factor Correction (APFC) panels, Variable Frequency Drive panels, PLC automation systems, and outdoor panels.
Its MV electrical panel portfolio covers panels ranging from 3.3 kV to 33 kV, including specialised products such as 11 kV DG synchronisation panels, control and relay panels, 11 kV/33 kV vacuum circuit breaker and vacuum contactor panels, ring main gear panels, and MV APFC panels. All products are type-tested in accordance with relevant standards including IEC 61439-1 & 2, IEC 61641, and IEC 62271-200.
In addition to manufacturing, the company is also engaged in trading certain electrical goods, GI sheets and busducts, while also offering installation, testing and commissioning services customised to client requirements.
Vivid Electromech Limited serves multiple sectors including data centres and technology, infrastructure, construction and real estate such as metro projects, solar and renewable energy, industrial manufacturing, and machinery.
The company maintains OEM associations with ABB, Lauritz Knudsen Electrical & Automation (LK), and Schneider Electric. It is also licensed by ABB India Limited to manufacture and integrate ArTu K low-voltage switchboards using ABB components. During the periods under review, all of the company’s revenues were generated from business-to-business customers.
The company operates two manufacturing facilities located in Navi Mumbai and Pune in Maharashtra. The Navi Mumbai unit undertakes complete manufacturing of LV and MV electrical panels and automation systems, including fabrication, surface treatment, powder coating, assembly, and testing.
The facility is equipped with CNC-enabled fabrication lines, robotic polyurethane gasketing systems, busbar processing machines, and an in-house powder coating unit. The Pune unit primarily focuses on panel assembly operations, where prefabricated and coated components are supplied from the Navi Mumbai facility.
Both manufacturing facilities are certified under ISO 9001:2015 for quality management systems. Additionally, the Navi Mumbai facility is certified under ISO 14001:2015 for environmental management systems and ISO 45001:2018 for occupational health and safety management systems. As of the date of the Red Herring Prospectus, the combined installed capacity of the company’s manufacturing facilities stands at 7,500 units per annum.
Vivid Electromech Limited primarily generates revenue from domestic sales, with exports contributing a relatively smaller share. Export revenue accounted for 2.58%, 1.44%, 2.79%, and 0.70% of total revenue for the period ended September 30, 2025 and for the financial years ended March 31, 2025, 2024 and 2023 respectively.
Domestic revenue accounted for 97.42%, 98.56%, 97.21%, and 99.30% during the same periods. The company has served clients in several international markets including Kenya, England, Côte d’Ivoire, Solomon Islands, the United Arab Emirates, Cameroon, Sri Lanka, Indonesia, and Tanzania.
Industry Outlook
- India’s software product industry is projected to reach ₹8,62,000 crore (US$100 billion) by 2025, with companies expanding their international presence and strengthening global delivery centres. Indian IT firms are increasingly investing overseas to enhance global service capabilities and workforce presence.
- The data annotation market in India, valued at around US$250 million in FY20, is expected to grow significantly and reach US$7 billion by 2030. Rising demand for artificial intelligence and machine learning applications is expected to drive this expansion, with the US market currently contributing a major share.
- Rapid adoption of technologies such as cloud computing, artificial intelligence, machine learning, blockchain, IoT, and robotic process automation is creating new growth opportunities for IT companies. Organisations are expanding innovation centres and investing in digital technologies to develop advanced solutions across sectors like banking, financial services, and insurance.
How To Apply for the Vivid Electromech IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Vivid Electromech IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Vivid Electromech IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Vivid Electromech Limited
Registered office: Plot No. A-173/7, T.T.C Industrial Area, MIDC, Kharine,
Navi Mumbai, 400710, Maharashtra, India.
Phone: +022-68175555
Email Id: cs@vividgroup.in
Vivid Electromech IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Vivid Electromech IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 480 | ₹2,66,400 |
| Individual investors (Retail) (Max) | 2 | 480 | ₹2,66,400 |
| HNI (Min) | 3 | 720 | ₹3,99,600 |
Vivid Electromech IPO Promoter Holding
The promoters of the company include Sameer Vishvanath Attavar and Meeta Sameer Attavar.
| Share Holding Pre-Issue | 99.99% |
| Share Holding Post Issue | - |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Vivid Electromech IPO
| KPI | Value (FY 2025) |
| PAT Margin (%) | 13.04 |
| RoE (%) | 117.61 |
| EBITDA Margin (%) | 18.28 |
| RoCE (%) | 87.34 |
Vivid Electromech IPO Registrar and Lead Managers
Vivid Electromech IPO Lead Managers
- Hem Securities Ltd
Registrar for Vivid Electromech IPO
MUFG Intime India Pvt Ltd
- Phone Number: +91-22-4918 6270
- Email Address: vividelectromech.smeipo@in.mpms.mufg.com
Financial Performance of Vivid Electromech Limited
| Key Financial Performance (₹ in Lakhs) | 30-09-2025 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
| Revenue from Operations | 7,056.80 | 15,529.32 | 8,890.83 | 5,932.56 |
| EBITDA | 1,349.81 | 2,838.79 | 718.02 | 175.84 |
| PAT | 944.29 | 2,024.40 | 428.00 | 6.29 |
| Net Worth | 3,702.98 | 2,744.59 | 698.01 | 238.33 |
Peer Comparison
| Name of Company | EPS (Basic) | RoNW (%) | Net Asset Value (₹) | Total Income (₹ in lakhs) |
| Vivid Electromech Limited | 28.90 | 73.76 | 39.19 | 15,577.05 |
| Shivalic Power Control Limited | 5.50 | 11.15 | 49.34 | 13,388.76 |
| Marine Electrical (India) Limited | 2.83 | 9.34 | 30.30 | 78,041.32 |
Strengths and Opportunities of Vivid Electromech Limited
- Vivid Electromech Limited operates fully integrated manufacturing facilities in Navi Mumbai and Pune covering more than 34,000 sq. ft., enabling end-to-end in-house production including design, engineering, fabrication, assembly, wiring and testing, which helps maintain product quality and reduce turnaround time.
- The company has a diversified product portfolio that includes Low Voltage (LV) and Medium Voltage (MV) electrical panels and automation systems used in power distribution, industrial automation and infrastructure projects.
- Its manufacturing capabilities are supported by advanced equipment such as CNC turret punching machines, CNC bending machines, PU gasketing machines, CNC busbar processing machines and an in-house powder coating plant, ensuring precision and operational efficiency.
- The company caters to multiple high-growth sectors including data centres and technology, infrastructure, construction and real estate, solar and renewable energy, and industrial manufacturing, providing diversified demand opportunities.
- Vivid Electromech Limited has established strategic partnerships with leading global brands such as Larsen & Toubro (L&T) Enersys and ABB, allowing it to manufacture authorised and type-tested panels that meet OEM quality and design specifications.
- The company is expanding its manufacturing capacity through a new integrated facility in Ambernath, Maharashtra, which is expected to enhance production capabilities and improve operational processes.
- The company has a broad domestic presence across more than 15 Indian states along with a growing international footprint, having supplied products to countries such as Kenya, the United Arab Emirates, Sri Lanka, Indonesia and Tanzania.
- Long-standing relationships with customers and suppliers, along with consistent product delivery and experienced workforce support, help strengthen its supply chain stability and drive repeat business opportunities.
Risks and Threats of Vivid Electromech Limited
- Vivid Electromech Limited’s operations are dependent on the availability and pricing of key raw materials such as CRCA sheets, GI sheets, aluminium, copper, and switchgears, and fluctuations in their prices may adversely affect profitability and operations.
- The company procures most of its raw materials from third-party suppliers without long-term or exclusive supply agreements, exposing it to supply disruptions and price volatility.
- A significant portion of switchgear requirements is sourced from limited suppliers, including ABB India Limited, which increases dependency and procurement risk.
- The company relies on a limited number of suppliers located within a concentrated geographical region, and any disruptions in these regions could impact the supply chain and production schedules.
- Vivid Electromech Limited depends on a small number of key customers for a significant share of its revenue, and the absence of long-term customer contracts may affect business stability.
- Any failure to maintain existing relationships with major customers or a decline in repeat business could negatively impact revenue growth and financial performance.
- The company is currently in the process of setting up a new manufacturing facility in Ambernath, Maharashtra, and delays in project implementation could impact operational expansion plans.
- Cost overruns, procurement delays, or installation challenges related to machinery and infrastructure at the proposed facility could adversely affect the company’s financial condition, results of operations, and growth prospects.
