Vivid Electromech IPO Day 1: Issue booked 38% so far; check GMP, issue details
The Vivid Electromech IPO runs from March 25 to March 30, with a price band of ₹528 to ₹555. The company specializes in LV and MV electrical panels and reported a net profit of ₹9.44 crore as of September 30, 2025.
The Vivid Electromech IPO started on Wednesday, March 25 and is set to end on Monday, March 30. Vivid Electromech IPO price band has been established at ₹528 to ₹555 per equity share, each having a face value of ₹10. Investors are allowed to place bids for a minimum of 240 equity shares, with additional shares to be bid in multiples of 240.
Vivid Electromech specializes in the production of Low-Voltage (LV) and Medium-Voltage (MV) electrical panels and automation systems.
The firm is involved in panel production and system integration, providing electrical and automation solutions that encompass engineering, design, fabrication, assembly, testing, and commissioning of control and automation systems.
Their offerings are designed for use in power distribution, load management, process control, and industrial automation across various sectors.
The company produces a variety of LV electrical panels, which include Power Control Centre (PCC) Panels, Intelligent Motor Control Centre (IMCC) Panels, Soft Starter Panels, Drawout Motor Control Centre (MCC) Panels, DG Synchronisation Panels, Power Distribution Boards and Units, as well as Outdoor Panels.
As of September 30, 2025, the company's net profit was recorded at ₹9.44 crore. This was a decline from ₹20.24 crore on March 31, 2025, and ₹42.8 crore on March 31, 2024.
The company's total revenue as of September 30, 2025, reached ₹69.36 crore. In comparison, it was ₹155.29 crore on March 31, 2025, and ₹88.90 crore on March 31, 2024.
Vivid Electromech IPO GMP today
Vivid Electromech IPO GMP today was ₹0, which meant shares were trading at their issue price of ₹555 with no premium or discount in the grey market, according to investorgain.com.
Vivid Electromech IPO subscription status
Vivid Electromech IPO subscription status is 38% on day 1 so far, as per chittorgarh.com. The retail portion was subscribed 1%, and NII portion is booked 17%. The QIB segment is booked 1.20x.
The company has received bids for 6,01,920 shares against 15,64,320 shares on offer on the first bidding day, at 15:35 IST, according to data on chittorgarh.com.
Vivid Electromech IPO details
The IPO consists of a fresh issue totaling ₹104.56 crores, along with an Offer for Sale (OFS) amounting to ₹25.97 crores.
The sellers are the promoters, Sameer Vishvanath Attavar and Meeta Sameer Attavar.
The funds will be allocated as follows: ₹43.84 crore for capital expenditure needed to establish a new manufacturing facility, ₹9.3 crore for repaying certain loans taken by the company, and ₹25 crore to address working capital needs.
Hem Securities serves as the Book Running Lead Manager (BRLM), and the registrar for the issue is MUFG Intime India Pvt Ltd.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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