Vivid Electromech IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 59.63 | 89.55 | 155.77 |
| Expense | 59.60 | 83.70 | 128.62 |
| Profit (PAT) | 0.06 | 4.28 | 20.24 |
| Total Assets | 55.14 | 62.38 | 115.30 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Shivalic Power control Limited | 18.17 | 5.50 | 11 |
| Marine Electrical (India) Limited | 76.87 | - | 9 |
Promoters: Sameer Vishvanath Attavar and Meeta Sameer Attavar
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 70,03,800 | 99.99% |
Company Information
Vivid Electromech is one of the leading companies in terms of providing services, including engineering, design, fabrication, assembly, testing, and commissioning of complete control and automation systems. The company was founded in 1990. Further, they also manufacture various LV electrical panels, including 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, and Outdoor Panels. Moreover, the company’s products go to various industries, including Data Centre & Technology, Infrastructure, Metro Projects, Construction & Real Estate, Solar & Renewable Energy, and Industrial Manufacturing. Additionally, they mainly use CRCA sheets, GI sheets, aluminium and copper busbars, electrical wires, and industrial paints. Most of these materials are sourced from suppliers within the country.
| Purpose | Amount (Cr) |
|---|---|
| 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 | - |
Resources & Documents
Vivid Electromech Ltd., Plot No. A-173/7,, T.T.C Industrial Area,, MIDC, Kharine,, Navi Mumbai, Maharashtra, 400710
Vivid Electromech has set a price band of Rs 528–Rs 555 per share for an issue size of Rs 131 crore. The stock listed with a 1.80% gain versus its issue price on April 07, 2026.
Vivid Electromech is one of the leading companies in terms of providing services, including engineering, design, fabrication, assembly, testing, and commissioning of complete control and automation systems. The company was founded in 1990.
The issue is promoted by Sameer Vishvanath Attavar and Meeta Sameer Attavar with Hem Securities Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding the capital expenditure requirements towards setting up of a new manufacturing unit. (Rs 48 crore) and Repayment of certain borrowings availed by the Company (Rs 10 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 1.13x, retail at 0.36x, QIB at 1.95x, NII at 1.85x.
On fundamentals, the company is posting revenue growth of 74.0%, a profit margin of 13.0%, return on equity of 117.6% in its most recent reported period. Listed peers in this segment include Shivalic Power control Limited (P/E 18.17x, market cap Rs 11 crore) and Marine Electrical (India) Limited (P/E 76.87x, market cap Rs 9 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
Related IPO
No comments yet. Be the first to share your opinion!