Vivid Electromech, a manufacturer of low-voltage and medium-voltage electrical panels and automation systems, made its debut on the NSE SME platform today with a premium listing. 00 per share.
According to market data, the stock witnessed significant volatility following its entry. 00 on the first day of trading. 18% for the original IPO allottees at the end of the session.
IPO Subscription and Allotment Details
00 crore IPO was open for subscription from March 25 to March 30.06 times overall. 50 times subscription. 36 times.
Utilization of IPO Proceeds
68 lakh shares with a face value of ₹10 each. 84 crore from the fresh issue proceeds will be allocated toward setting up a new manufacturing unit. 00 crore for working capital requirements, and the remaining funds for general corporate purposes.
Company Profile and Operations
Established in 1990, Vivid Electromech specializes in the production of electrical panels and automation systems. Its product portfolio serves diverse sectors, including data centers, infrastructure, metro projects, construction, renewable energy, and industrial manufacturing. The company currently operates two manufacturing facilities located in Navi Mumbai and Pune, Maharashtra.
Financial Performance and Growth
The company's financial health has shown consistent improvement over recent years. 24 crore in FY2025.77 crore. 89 crore. 23 crore.