📋 Vivid Electromech Ltd IPO Review 2026 — GMP, Pros Cons & Apply or Avoid?

The Vivid Electromech Ltd IPO opened on 25 March 2026 and closed on 30 March 2026 on NSE SME at ₹528–₹555 per share. The company raised ₹130.54 Crore through this SME book-built issue. Shares listed on NSE SME on 6 April 2026 at ₹565, a 1.80% premium. Current market price is ₹636.30 on NSE.

🏢 Company Background & Business Model

Vivid Electromech Ltd was incorporated in 1990 in Navi Mumbai. The company is an ISO 9001:2015 certified manufacturer of LV and MV electrical panels and automation systems with 30+ years of experience. It is an authorised partner of Schneider Electric and ABB. Product portfolio spans PCC Panels, IMCC Panels, MCC Panels, DG Synchronisation Panels, VFD Panels, and MV Panels up to 36 kV. Serves data centres, metro rail, solar energy, construction, and industrial manufacturing sectors. Two manufacturing units operate currently with a third 175,000 sq. ft. facility planned at Lodha Industrial Park.

📊 Key IPO Details

◆ Exchange: NSE SME

◆ Price Band: ₹528 – ₹555 per share

◆ Face Value: ₹10 per share

◆ Lot Size: 240 shares

◆ Minimum Investment (Retail): ₹2,66,400 (2 lots = 480 shares)

◆ Issue Size: ₹130.54 Crore

◆ Fresh Issue: ₹104.56 Crore | OFS: ₹25.97 Crore

◆ Subscription: 2.79 times overall

◆ Listing Date: 6 April 2026 — NSE SME at ₹565

◆ GMP Today: Check live on IndiaIPOHub

Strengths

🔹 30+ Years Operational Track Record — Consistent quality manufacturing since 1990.

🔹 Schneider Electric & ABB Partnership — Strong OEM credibility and technology backing.

🔹 25% Revenue Growth FY25 — Revenue rose from ₹89.55 Cr to ₹155.77 Cr.

🔹 Diversified Client Base — Data centres, metro rail, solar, infrastructure sectors.

🔹 Capacity Expansion Planned — New 175,000 sq. ft. unit at Lodha Industrial Park.

Risks

🔸 Customer Concentration — Dependence on select large clients poses revenue risk.

🔸 Working Capital Pressure — High working capital requirements may strain cash flows.

🔸 PAT Margin Pressure — PAT grew 16% vs 25% revenue growth suggesting margin compression.

📅 IPO Timeline

◆ Open: 25 March 2026 | Close: 30 March 2026

◆ Allotment: 1 April 2026 | Listing: 6 April 2026 — NSE SME

🔍 IndiaIPOHub Recommendation

Track Vivid Electromech IPO GMP, subscription status and allotment live on IndiaIPOHub. Also explore all upcoming 2026 IPOs on IndiaIPOHub.