Shares of Vans Electroengineerings made a blockbuster debut on the BSE SME platform on Wednesday, October 7, 2026, listing at a premium of 90 percent over the company's initial public offering (IPO) price.
Vans Electroengineerings shares make strong listing at 90% premium on BSE SME
Saurav Pandeyअपडेटेड Oct 07, 2026 पर 11:06 AM
The shares were listed at Rs 224.20 apiece on the BSE SME platform, compared with the IPO's upper price band of Rs 118 per share. This translates into a listing premium of Rs 106.20 per share, or around 90 percent.
Following the listing, the company's market capitalisation stood at around Rs 243.93 crore.
The stock's debut was broadly in line with the premium indicated by the grey market ahead of listing. Vans Electroengineering shares were commanding a grey market premium (GMP) of around Rs 106, or nearly 90 percent over the upper end of the IPO price band, according to InvestorGain data on the morning of October 7.
It is important to note that GMP is an unofficial indicator of market sentiment and does not guarantee the listing price or future performance of a stock.
The Vans Electroengineerings IPO, which closed for subscription on October 1, 2026, received an overwhelming response from investors. The issue was subscribed 628.73 times overall, according to exchange data.
The qualified institutional buyers (QIB) portion, excluding the anchor investor portion, was subscribed 281.65 times, while the non-institutional investors (NII) category saw subscription of 1,031.87 times. The portion reserved for individual investors was subscribed 686.32 times.
The Rs 33.98-crore IPO was entirely a fresh issue of shares. The price band was fixed at Rs 112-118 per share, with a lot size of 1,200 shares.
At the upper end of the price band, investors were required to invest a minimum of Rs 1,41,600 for one lot.
About Vans Electroengineerings
Vans Electroengineerings Limited was incorporated in February 2022 and manufactures and supplies components used in railway electrification, metro systems and renewable energy projects.
The company's product portfolio includes Single Pole and Double Pole Vacuum Circuit Breakers (VCBs) and Vacuum Interrupters (VIs). These products are used in railway electrification systems, including traction substations, sectioning posts and feeding posts.
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