Vivid Electromech Ipo
Vivid Electromech IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Hem Securities Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | March 25, 2026 |
| IPO Close Date | March 30, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹528 to ₹555 Per Share |
| Issue Size | Approx ₹131 Crores |
| Fresh Issue | Approx ₹105 Crores |
| Offer for Sale: | Approx 4,68,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 480 | ₹2,66,400 |
| Retail Maximum | 2 | 480 | ₹2,66,400 |
| S-HNI Minimum | 3 | 720 | ₹3,99,600 |
| S-HNI Maximum | 7 | 1,680 | ₹9,32,400 |
| B-HNI Minimum | 8 | 1,920 | ₹10,65,600 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 6,68,880 Shares | 28.44% |
| QIB (Ex. Anchor) | 4,46,400 Shares | 18.98% |
| NII Shares Offered | 3,35,520 Shares | 14.27% |
| Retail Shares Offered | 7,82,400 Shares | 33.27% |
| Anchor Bidding Date | March 24, 2026 |
| Anchor Investors List | |
| Shares Offered | 6,68,880 Shares |
| Anchor Size | 37.12 Cr. |
| lock-in period end date 50% shares (30 Days) | May 2, 2026 |
| lock-in period end date 50% shares (90 Days) | July 1, 2026 |
| IPO Open Date: | March 25, 2026 |
| IPO Close Date: | March 30, 2026 |
| Basis of Allotment: | April 1, 2026 |
| Refunds: | April 2, 2026 |
| Credit to Demat Account: | April 2, 2026 |
| IPO Listing Date: | April 7, 2026 |
| IPO Bidding Cut-off Time: | March 30, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 70,03,800 | 99.99% |
| Promoter Holding Post Issue | 88,87,800 | -% |
| Purpose | Crores |
| Funding the capital expenditure requirements towards setting up of a new manufacturing unit. | ₹47.88 |
| Repayment of certain borrowings availed by the Company | ₹9.75 |
| To meet working capital requirements of the Company | ₹40.00 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹59.63 | ₹59.60 | ₹0.06 | ₹55.14 |
| 2024 | ₹89.55 | ₹83.70 | ₹4.28 | ₹62.38 |
| 2025 | ₹155.77 | ₹128.62 | ₹20.24 | ₹115.30 |
| KPI | Values |
| ROE: | 117.61% |
| ROCE: | 87.34% |
| EBITDA Margin: | 18.28% |
| PAT Margin: | 13.04% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹28.90 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 73.76% |
| Net Asset Value (NAV): | ₹39.19 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Shivalic Power control Limited | 5.50 | 18.17 | 11.15% | 49.34 | 133.89 Cr. |
| Marine Electrical (India) Limited | 2.83/2.81 | 76.87 | 9.34% | 30.30 | 780.41 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |