Vans Electroengineerings IPO Subscription Status Last Day: Overall Subscription Reaches 628.73x
Last Updated: 5th October 2026 - 07:42 pm
Vans Electroengineerings IPO subscription reached 628.73 times on the last day of bidding, as of 7:53 PM on October 1, 2026. The public issue received bids for 1,21,31,96,400 shares against 19,29,600 shares available for subscription, excluding the anchor investor and market maker portions.
The NII category recorded the highest subscription at 1,031.87 times, followed by Individual Investors at 686.32 times. The QIB portion was subscribed 281.65 times.
Subscription Status of Vans Electroengineerings IPO
| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (September 29) | 0.00x | 1.74x | 4.55x | 2.58x |
| Day 2 (September 30) | 0.03x | 71.87x | 101.85x | 64.69x |
| Day 3 (October 1) | 281.65x | 1,031.87x | 686.32x | 628.73x |
Here are the subscription details for Vans Electroengineerings IPO on the last day, as of 7:53 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1.00x | 8,04,000 | 8,04,000 | ₹9.49 crore |
| Market Maker | 1.00x | 1,46,400 | 1,46,400 | ₹1.73 crore |
| QIB (Ex Anchor) | 281.65x | 5,37,600 | 15,14,12,400 | ₹1,786.67 crore |
| NII | 1,031.87x | 4,03,200 | 41,60,49,600 | ₹4,909.39 crore |
| Individual | 686.32x | 9,40,800 | 64,56,88,800 | ₹7,619.13 crore |
| Employee | 0.95x | 48,000 | 45,600 | ₹0.54 crore |
| Total | 628.73x | 19,29,600 | 1,21,31,96,400 | ₹14,315.72 crore |
Key Highlights – Day 3
- Vans Electroengineerings IPO closed with an overall subscription of 628.73 times, compared with 64.69 times at the end of Day 2.
- The NII category recorded the highest final subscription at 1,031.87 times. Applications above ₹10 lakh were subscribed 1,183.00 times, while applications below ₹10 lakh reached 737.56 times.
- Individual Investors subscribed 686.32 times, while QIB demand rose from just 0.03 times on Day 2 to 281.65 times on the final day.
Key Highlights – Day 2
- The IPO had reached an overall subscription of 64.69 times by the end of Day 2.
- Individual Investors led the main categories at 101.85 times, while NII subscription stood at 71.87 times.
- QIB participation remained at 0.03 times on Day 2 before increasing materially on the final day.
Key Highlights – Day 1
- Vans Electroengineerings IPO was subscribed 2.58 times overall on the opening day.
- Individual Investors subscribed 4.55 times, ahead of the NII category at 1.74 times.
- The QIB portion had not recorded meaningful subscription on Day 1, while the employee reservation was subscribed 0.08 times.
About Vans Electroengineerings
Vans Electroengineerings Limited manufactures and supplies electrical equipment and components used in railway electrification, metro systems and related power infrastructure. Its product portfolio includes vacuum circuit breakers, vacuum interrupters and products used in traction-power and overhead-electrification systems.
The company supplies railway-related electrical products to Indian Railways and railway contractors. Its ₹33.98 crore BSE SME IPO is an entirely fresh issue with a price band of ₹112 to ₹118 per share.
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