ListedSMEEngineeringVANS

Vans Electroengineerings IPO

Vans Electroengineerings IPO is an SME IPO raising ₹34 Cr at ₹112 – ₹118 a share. It listed on 7 Oct 2026 at ₹224, +90.0% against its issue price of ₹118, and trades at ₹456 today (+286.6% since issue). It was subscribed 584× in total.

₹118
Issue price
₹456
Price now
+286.6%
Since issue price
7 Oct 2026
Listed on
584×Subscribed (final) · all exchanges

584.4 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Who bid for it

Investor categoryShares offeredShares bid forSubscribed
QIB
Banks, funds and other large institutions
5,37,60015,14,12,400282×
Othersno separate quota10,52,25,600n/a
Foreign Institutional Investorsno separate quota3,36,00,000n/a
Domestic Financial Institutionsno separate quota92,20,800n/a
Mutual Fundsno separate quota33,66,000n/a
Non-institutional
Wealthy individuals and companies bidding above ₹2 lakh
5,49,60041,61,96,000757×
Corporatesno separate quota46,10,400n/a
Individualsno separate quota40,66,81,200n/a
Othersno separate quota49,04,400n/a
Retail
Ordinary investors bidding up to ₹2 lakh
9,40,80064,56,43,200686×
Cut Offno separate quota—n/a
Price Bidsno separate quota64,56,43,200n/a
Employee Reserved48,00045,6000.95×
Employeeno separate quota—n/a
Employeeno separate quota45,600n/a
Reservation PortionShareholderno separate quota0n/a
RPSno separate quota—n/a
RPSno separate quota—n/a
Total20,76,0001,21,32,97,200584×

Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 2 Oct, 08:15 am IST.

How demand built

Our own series — the exchanges publish a running total and never a history.21 readings held.

29 Sept, 11:15 am0.00×
29 Sept, 12:15 pm0.89×
29 Sept, 01:15 pm1.29×
29 Sept, 02:43 pm1.86×
29 Sept, 03:06 pm2.09×
29 Sept, 04:06 pm2.56×
29 Sept, 05:06 pm3.08×
30 Sept, 11:15 am15×
30 Sept, 12:26 pm23×
30 Sept, 01:26 pm31×
30 Sept, 02:26 pm40×
30 Sept, 03:26 pm52×
30 Sept, 04:26 pm60×
30 Sept, 05:26 pm74×
1 Oct, 11:15 am157×
1 Oct, 12:15 pm214×
1 Oct, 01:15 pm324×
1 Oct, 02:15 pm427×
1 Oct, 03:15 pm575×
1 Oct, 04:15 pm716×
1 Oct, 05:15 pm725×

Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.