VANS ELECTROENGINEERINGS LIMITED IPO — Subscription & GMP
Grey market premiumat close
+₹60
final quote · 02 Oct 2026 · bidding closed
Implied listing gainat close
+50.85%
implies ₹178 on listing
Subscribed
584.44×
exchange data · 36 d ago
Min. investment
₹1,41,600
1200 shares × ₹118
- Price band
- ₹112 – ₹118
- Lot size
- 1200
- Issue size
- ₹24.5 Cr
- Bidding
- 29 Sept 2026 → 01 Oct 2026
- Allotment
- —
- Listing
- 07 Oct 2026
Listing outcome
Official exchange pricesListed at₹224vs ₹118 issue price
+90.00%listing gain
Grey market prediction vs reality
GMP implied+50.85%
Actually listed+90.00%
GMP was out by 39.1 percentage points in the buyer’s favour — it implied +50.85% and the issue listed +90.00%. Counted in our running GMP accuracy record.
Listing date07 Oct 2026
Day 1 close₹235 (+5.00%)
GMP at close of bidding₹60 premium
SourceExchange bhavcopy
Schedule
- 29 Sept 2026IPO open date
- 01 Oct 2026IPO close date
- 02 Oct 2026Allotment date†
- 02 Oct 2026Funds unblock or debit†
- 07 Oct 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsNot Available
We do not yet hold parsed fundamentals for this issue. Ratios are published in the RHP and the basis-of-issue-price advertisement.
GMP is unofficial. Grey Market Premium is quoted by private dealers outside the exchange mechanism and is not recognised or regulated by SEBI. Figures vary by source, can change within minutes, and frequently diverge from actual listing prices. UpcomingIPO publishes GMP as market information only — this is not investment advice and not a recommendation to apply for any issue.
Grey market premium
Unofficial · not from any exchangeNo grey market premium is being quoted for this issue. Unlike subscription, GMP has no official source — when dealers are not quoting it, there is nothing to report.
Subscription status
Live from BSE · fetched 865 hr agoOverall subscribed
584.44×
exchange data, 36 d ago
QIB
281.65×
15.14 Cr of 5.38 L shares
NII
757.27×
41.62 Cr of 5.50 L shares
Retail
686.27×
64.56 Cr of 9.41 L shares
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers (QIBs) | 5.38 L | 15.14 Cr | 281.65× |
| 1(a)Foreign Institutional Investors (FIIs) | — | 3.36 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 92.21 L | — |
| 1(c)Mutual Funds | — | 33.66 L | — |
| 2Non Institutional Investors | 5.50 L | 41.62 Cr | 757.27× |
| 2(a)Corporates | — | 46.10 L | — |
| 2(b)Individuals (Other than RIIs) | — | 40.67 Cr | — |
| 2(c)Others | — | 49.04 L | — |
| 3Retail Individual Investors (RIIs) | 9.41 L | 64.56 Cr | 686.27× |
| 3(a)Cut Off | — | — | — |
| 3(b)Price Bids | — | 64.56 Cr | — |
| 4Employee Reserved | 48,000 | 45,600 | 0.95× |
| 4(a)Employee (Cut off) | — | — | — |
| 4(b)Employee (Price) | — | 45,600 | — |
| 5Reservation PortionShareholder | — | 0 | — |
| 5(a)RPS (Cut off) | — | — | — |
| 5(b)RPS (Price) | — | — | — |
| Total | 20.76 L | 121.33 Cr | 584.44× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹112 → ₹118 · peak 121.33 Cr shares bid
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹112 – ₹118
- Lot size
- 1200 shares
- Min. bid quantity
- 2400
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 20.76 L
- Issue size
- ₹24.5 Cr
- Max bid · QIB
- 18.82 L
- Max bid · NII
- 13.44 L
Timeline & process
- Bidding opens
- 29 Sept 2026
- Bidding closes
- 01 Oct 2026
- Allotment
- —
- Listing
- 07 Oct 2026
Intermediaries
- Registrar
- BIGSHARE SERVICES PRIVATE LTD
- Sponsor bank
- Kotak Mahindra Bank Limited
- Lead managers
- HEM SECURITIES LIMITED