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Vivid Electromech Ltd IPO

Status: Closed

Overview

IPO date
25 Mar 2026 to 30 Mar 2026
Face value
₹ 10 per share
Price
₹ 528 to ₹555 per share
Issue Size
2,352,000 shares
(aggregating up to ₹ 130.54 Cr)
Allotment Date
02 Apr 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Capital Goods - Electrical Equipment

Objectives of Vivid Electromech Ltd IPO

Vivid Electromech Ltd IPO Strategy

About Vivid Electromech Ltd

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T&C*

Strengths vs Risks of Vivid Electromech Ltd

Know the pros & cons

Strengths

  • arrowIntegrated Manufacturing Facilities.
  • arrowDiverse Product Portfolio with wide geographic reach.
  • arrowStrategic Partnerships with leading brands.
  • arrowCommitment to Quality Control and Safety.
  • arrowGrowing Presence in the Data Centre Segment.
  • arrowExperienced promoters and senior management team.

Risks

  • arrowThe company's business is significantly dependent on the availability and cost of key raw materials such as CRCA sheets, GI sheets, aluminum, copper, and switchgears. Volatility in their prices or disruption in supply may adversely affect its business, financial condition, results of operations, and cash flows.
  • arrowThe company is dependent on a limited number of suppliers located within a concentrated geographical region for the supply of the company's raw materials, and the company does not have long-term agreements with most of its suppliers. Any disruption in supply, increase in prices, or adverse developments in the region could materially and adversely affect the company's business, financial condition and results of operations.
  • arrowThe company is dependent on a few customers for a major part of its revenues. Further the company does not have any long-term commitments from customers and any failures to continue the company's existing arrangements could adversely affect its business and results of operations.
  • arrowIf there are delays in setting up the Proposed manufacturing unit or if the costs of setting up and the possible time or cost overruns related to the Proposed manufacturing unit or the purchase of plant and machinery for the Proposed manufacturing unit are higher than expected, it could have a material adverse effect on the company's financial condition, results of operations and growth prospects.
  • arrowThe company is yet to place final orders for a portion of the capital expenditure relating to the company's proposed manufacturing facility. Any delay in procurement, installation or cost escalation may adversely affect the implementation of its expansion plan and the company's business, financial condition and results of operations.
  • arrowThe company's business is dependent on the continuous and efficient operation of its manufacturing units. Any disruption, breakdown or failures of critical machinery, disruption in power supply, or temporary shutdown of the company's facilities may have a material adverse effect on the company's business, results of operations, financial condition and cash flows.
  • arrowThe company is dependent on its arrangement with ABB India Limited for manufacturing and integrating ArTu K low-voltage switchboards, and any modification, suspension, or non-renewal of this arrangement may materially and adversely affect its business, results of operations and financial condition.
  • arrowAny failures to meet stringent quality, safety, or compliance standards, or any defects in the company's products or warranty-related obligations, could result in financial losses, reputational harm, and an adverse impact on the company's business, financial condition, and results of operations.
  • arrowThe company's operations are subject to high working capital requirements. If the company is unable to generate sufficient cash flows to allow the company to make required payments, there may be an adverse effect on the company's results of operations.
  • arrowThe company's proposed new manufacturing facility may not achieve the expected capacity utilization, breakeven, or profitability, and market demand for its products may not absorb the additional supply, which may adversely affect its business, financial condition, results of operations, and cash flows
  • arrowThe Company is party to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
  • arrowThe company's business is dependent on demand from key industries such as electrical, infrastructure, renewable energy, and manufacturing, and any slowdown or disruption in these sectors could materially and adversely affect its business, financial condition, results of operations, and growth prospects.
  • arrowThe company's current order book may not be indicative of future revenues or growth. Any cancellation, modification, delay in execution or non-payment in respect of its orders could adversely affect the company's business, cash flows and results of operations.
  • arrowThe company's revenue and operations are concentrated in certain geographical regions, particularly Maharashtra, and any adverse developments in these regions may adversely affect its business, results of operations and financial condition. Further, the company's inability to successfully expand into new markets may impact its growth prospects.
  • arrowThe company is exposed to counterparty credit risk, and any delay or default in payment by the company's customers may adversely affect its working capital, cash flows, and results of operations.
  • arrowThe Company has encountered certain issues and discrepancies in its corporate records and regulatory compliance, which present potential risks.
  • arrowCertain of the company's corporate records relating to forms filed with the Registrar of Companies prior to the year 2006 in respect of Allotment of Equity Shares, appointment of Statutory Auditor, appointment & resignation of directors (if any), Change in registered office, filing of financial statements & annual returns etc. and other certain records are not traceable.
  • arrowThe company's business operations depends on the availability and retention of skilled technical workforce, and any failures to attract, train, or retain such talent may adversely affectits business, results of operations, and financial condition.
  • arrowChanges in technology may render its current fleet of equipment and systems obsolete and require the company to make substantial capital investments.
  • arrowThe Company requires several statutory and regulatory approvals in respect of its operations. Failures to obtain or maintain licenses, registrations, permits and approvals may affect the company's business and results of operations.
  • arrowThe Company had negative cash flows in the past, details of which are given below. Sustained negative cash flow could impact its growth and business. The company has experienced negative cash flows in the past which have been set out below.
  • arrowInventories and trade receivables constitute a significant portion of the company's current assets, and any failures to manage them effectively could adversely affect its business, financial condition, results of operations, and cash flows.
  • arrowCertain Offices of the company operates from a premise taken by the company on lease basis. If the company is unable to comply with the terms of the lease deed, the same may adversely affect the Company's ability to operate its current operations thus affecting its financial performance.
  • arrowThe Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
  • arrowThe company's leased premises at Navi Mumbai, which are not being used as its factory or as an active place of business, are subject to litigation and non-compliance with lease conditions, which may expose the company to legal and financial risks.
  • arrowThe company operates in a labour-intensive industry and are subject to stringent labour laws, and any strike, work stoppage, or increased wage demand by the company's employees or disputes with its workforce could adversely affect the company's business, financial condition, results of operations, and cash flows.
  • arrowThe company's ability to effectively utilize its installed manufacturing capacities is subject to various factors, and the disclosed capacity and utilization levels are based on management estimates and assumptions that may differ from actual performance.
  • arrowIf the company is unable to manage its growth effectively and further expand into new markets the company's business, future financial performance and results of operations could be materially and adversely affected.
  • arrowAny failures to protect or enforce the company's rights to own or use trademarks and brand names and identities could have an adverse effect on the company's business and competitive position.
  • arrowThe Company is exposed to risks relating to improper or delayed installation and commissioning of products, which may adversely affect its reputation, operations, and financial performance.
  • arrowAny Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
  • arrowThe Statutory Auditor of the Company have included certain remarks in their CARO Report.
  • arrowThe Company may not be successful in penetrating new export markets, and the company is also exposed to foreign exchange fluctuation risks.
  • arrowThe company's contingent liabilities and commitments as stated in the company's Restated Financial Statements could affect its financial condition.
  • arrowThe company's Business is Subject to Seasonality, with a Significant Portion of Revenues Typically Earned in the Second Half of Each Fiscal Year, Which May Result in Volatility in the company's Results of Operations and Cash Flows
  • arrowThe company's PAT and PAT margins have fluctuated in the past and may not be sustainable in the future
  • arrowThe company is dependent on third-party transportation providers for delivery of its raw materials and finished products, and any disruption or increase in related costs may adversely affect the company's business, financial condition, results of operations and prospects.
  • arrowActivities involving the company's manufacturing process can cause injury to people or property in certain circumstances. A significant disruption at any of its manufacturing facility may adversely affect the company's production schedules, costs, sales and ability to meet customer demand.
  • arrowThe company operates in a competitive business environment with relatively low entry barriers, and the company's inability to compete effectively or adapt to technological changes may materially and adversely affect its business, results of operations, financial condition and cash flows.
  • arrowThe company's operations are subject to risks inherent in the company's business, and its insurance coverage may not adequately protect the company against all potential losses.
  • arrowThe company's operations are energy-intensive, and any disruption in power supply or significant increase in electricity costs could adversely affect its business, financial condition and results of operations.
  • arrowThe company's profitability and business operations are significantly dependent on its ability to anticipate industry trends and customer requirements, and any failures to do so may adversely affect its business, financial condition, results of operations, cash flows, and reputation.
  • arrowThe Company will not receive any proceeds from the Offer for Sale portion, and the Selling Shareholder shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by the Selling Shareholder in the Offer for Sale.
  • arrowThe company's historical performance is not indicative of its future growth or financial results and the company may not be able to sustain its historical growth rates.
  • arrowThe company's Group Company had incurred losses and any operating losses in the future could adversely affect the results of operations and financial conditions of its group company.
  • arrowThe company is subject to restrictive covenants under its credit facilities that limit the company's operational flexibility.
  • arrowThe company has incurred indebtedness which exposes us to various risks which may have an effect on its business and results of operations.
  • arrowCompliance with and changes in safety, health and environmental laws and regulations may adversely affect its business, prospects, financial condition and results of operations.
  • arrowThe company is dependent on the company's Board, Promoters, key managerial personnel and senior management, and the loss of, or the company's inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
  • arrowThe company's business is exposed to risks arising from employee misconduct, fraud, theft, negligence, or damage to the company's inventory and assets, which may be difficult to detect and could adversely affect its operations, financial performance, and reputation.
  • arrowThe company may not be successful in implementing its business strategies.
  • arrowLoans availed by the Company has been secured on personal guarantees of its Director. the company's business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by its Directors.
  • arrowExcessive dependence on ICICI Bank Limited and Kotak Mahindra Bank Limited in respect of Loan facilities obtained by the Company.
  • arrowThe company's lenders have charge over properties in respect of finance availed by the company.
  • arrowThe company's estimates and forward-looking statements may prove to be inaccurate.
  • arrowThe company's directors have no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements.
  • arrowThe company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Offer proceeds may delay the implementation schedule.
  • arrowAdverse publicity regarding the company's products could negatively impact its.
  • arrowFraud, theft, or damage to the company's inventory and assets could materially and adversely affect its results of operations and financial condition.
  • arrowThe company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
  • arrowIf the company fails to maintain an effective system of internal controls, the company's ability to manage operations and accurately report its financial results may be adversely affected.
  • arrowThe company's ability to pay any dividends will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
  • arrowAny future issuance or sale of Equity Shares by the Company or significant shareholders may dilute your shareholding and adversely affect the trading price of its Equity Shares.
  • arrowCertain data mentioned in this Red Herring Prospectus has not been independently verified.
  • arrowThe average cost of acquisition of Equity Shares by the company's Promoters, is lower than the face value of Equity Share.
  • arrowThe company's Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company post offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • arrowThe Offer price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Offer and the market price of its Equity Shares may decline below the Offer price and you may not be able to sell your Equity Shares at or above the Offer Price.
  • arrowIndustry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • arrowThevcompany has issued Equity Shares in the last 12 months at a price lower than the Offer Price.
  • arrowSignificant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of our financial condition, result of operations and cash flows.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of NSE (NSE Emerge) in a timely manner or at all.
  • arrowThe company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
  • arrowThe company may require additional financing in the future, and any equity issuance may lead to dilution of shareholding while debt financing may increase its leverage
  • arrowThe Equity Shares have never been publicly traded, and, after the Offer, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Offer Price, or at all.
  • arrowAny of the Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.

Vivid Electromech Ltd Peer Comparison

Understand the company’s industry standing

Vivid Electromech Limited
Shivalic Power Control Limited
Marine Electricals (India) Limited
Face Value
10
10
2
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
155.77
133.89
780.41
EPS-Basis
28.9
5.5
2.83
EPS-Diluted
28.9
5.5
2.81
NAV Per Share
39.19
49.34
30.3
P/E-Basic EPS
---
13.26
62.09
P/E-Diluted EPS
---
---
---
RONW(%)
73.76
11.15
9.34
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

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The IPO opens on 25 Mar 2026 & closes on 30 Mar 2026.

Vivid Electromech Limited was originally incorporated as a Private Limited Company as 'Vivid Electromech Private Limited' dated August 10, 1990 with Registrar of Companies, Bombay, Maharashtra. Subsequently, Company has converted the status into a Public Limited and the name of Company is changed from 'Vivid Electromech Private Limited' to 'Vivid Electromech Limited' vide a fresh certificate of incorporation dated February 12, 2025, issued by the Registrar of Companies, Central Registration Centre. The Company is a manufacturer of Low-Voltage (LV) and Medium-Voltage (MV) electrical panels and automation systems. It provide complete solutions design, fabrication, assembly, surface treatment, powder coating, assembling, testing and commissioning of control and automation systems. The LV product range includes PCC, IMCC, MCC, DG Synchronization and Outdoor Panels, while MV range covers 3.3 kV to 36 kV panels, VFD Panels, Control & Relay Panels, RMUs and APFC Panels. Company operate two manufacturing facilities in Navi Mumbai and Pune, Maharashtra. The equipment includes CNC turret punching machines, CNC bending machines, PU gasketing machines, a powder coating plant, CNC busbar bending machines, and CNC busbar punching machines, supporting precise and efficient operations. In 2016, Company established a manufacturing unit of 2000 sq.ft. in Navi Mumbai. It now encompass the sectors including Data Centre & Technology, Infrastructure, Metro Projects, Construction & Real Estate, Solar & Renewable Energy, Industrial Manufacturing. It maintain OEM associations with ABB, LK and Schneider Electric. Company is planning the initial public offer of 23,52,000 equity shares having the face value of Rs 10, comprising a fresh issue of 18,84,000 equity shares and the offer for sale of 4,68,000 equity shares.

Vivid Electromech Ltd IPO will close on 30 Mar 2026.

  • Integrated Manufacturing Facilities.
  • Diverse Product Portfolio with wide geographic reach.
  • Strategic Partnerships with leading brands.
  • Commitment to Quality Control and Safety.
  • Growing Presence in the Data Centre Segment.
  • Experienced promoters and senior management team.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Sameer Vishvanath Attavar 4818770 68.8 4701770 52.9
2 Meeta Sameer Attavar 1284880 18.35 933880 10.51
3 Hardik Dinesh Shah --- --- --- ---
4 Vishvanath Dayanand Attavar 1020 0.01 1020 0.01
5 Bina Vishvanath Attavar 1020 0.01 1020 0.01
6 Ishita Sameer Attavar 448540 6.41 448540 5.05
7 Hridhaan Sameer Attavar 448300 6.4 448300 5.04
8 Smriti Vishvanath Attavar 1020 0.01 1020 0.01

  • The company's business is significantly dependent on the availability and cost of key raw materials such as CRCA sheets, GI sheets, aluminum, copper, and switchgears. Volatility in their prices or disruption in supply may adversely affect its business, financial condition, results of operations, and cash flows.
  • The company is dependent on a limited number of suppliers located within a concentrated geographical region for the supply of the company's raw materials, and the company does not have long-term agreements with most of its suppliers. Any disruption in supply, increase in prices, or adverse developments in the region could materially and adversely affect the company's business, financial condition and results of operations.
  • The company is dependent on a few customers for a major part of its revenues. Further the company does not have any long-term commitments from customers and any failures to continue the company's existing arrangements could adversely affect its business and results of operations.
  • If there are delays in setting up the Proposed manufacturing unit or if the costs of setting up and the possible time or cost overruns related to the Proposed manufacturing unit or the purchase of plant and machinery for the Proposed manufacturing unit are higher than expected, it could have a material adverse effect on the company's financial condition, results of operations and growth prospects.
  • The company is yet to place final orders for a portion of the capital expenditure relating to the company's proposed manufacturing facility. Any delay in procurement, installation or cost escalation may adversely affect the implementation of its expansion plan and the company's business, financial condition and results of operations.
  • The company's business is dependent on the continuous and efficient operation of its manufacturing units. Any disruption, breakdown or failures of critical machinery, disruption in power supply, or temporary shutdown of the company's facilities may have a material adverse effect on the company's business, results of operations, financial condition and cash flows.
  • The company is dependent on its arrangement with ABB India Limited for manufacturing and integrating ArTu K low-voltage switchboards, and any modification, suspension, or non-renewal of this arrangement may materially and adversely affect its business, results of operations and financial condition.
  • Any failures to meet stringent quality, safety, or compliance standards, or any defects in the company's products or warranty-related obligations, could result in financial losses, reputational harm, and an adverse impact on the company's business, financial condition, and results of operations.
  • The company's operations are subject to high working capital requirements. If the company is unable to generate sufficient cash flows to allow the company to make required payments, there may be an adverse effect on the company's results of operations.
  • The company's proposed new manufacturing facility may not achieve the expected capacity utilization, breakeven, or profitability, and market demand for its products may not absorb the additional supply, which may adversely affect its business, financial condition, results of operations, and cash flows
  • The Company is party to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
  • The company's business is dependent on demand from key industries such as electrical, infrastructure, renewable energy, and manufacturing, and any slowdown or disruption in these sectors could materially and adversely affect its business, financial condition, results of operations, and growth prospects.
  • The company's current order book may not be indicative of future revenues or growth. Any cancellation, modification, delay in execution or non-payment in respect of its orders could adversely affect the company's business, cash flows and results of operations.
  • The company's revenue and operations are concentrated in certain geographical regions, particularly Maharashtra, and any adverse developments in these regions may adversely affect its business, results of operations and financial condition. Further, the company's inability to successfully expand into new markets may impact its growth prospects.
  • The company is exposed to counterparty credit risk, and any delay or default in payment by the company's customers may adversely affect its working capital, cash flows, and results of operations.
  • The Company has encountered certain issues and discrepancies in its corporate records and regulatory compliance, which present potential risks.
  • Certain of the company's corporate records relating to forms filed with the Registrar of Companies prior to the year 2006 in respect of Allotment of Equity Shares, appointment of Statutory Auditor, appointment & resignation of directors (if any), Change in registered office, filing of financial statements & annual returns etc. and other certain records are not traceable.
  • The company's business operations depends on the availability and retention of skilled technical workforce, and any failures to attract, train, or retain such talent may adversely affectits business, results of operations, and financial condition.
  • Changes in technology may render its current fleet of equipment and systems obsolete and require the company to make substantial capital investments.
  • The Company requires several statutory and regulatory approvals in respect of its operations. Failures to obtain or maintain licenses, registrations, permits and approvals may affect the company's business and results of operations.
  • The Company had negative cash flows in the past, details of which are given below. Sustained negative cash flow could impact its growth and business. The company has experienced negative cash flows in the past which have been set out below.
  • Inventories and trade receivables constitute a significant portion of the company's current assets, and any failures to manage them effectively could adversely affect its business, financial condition, results of operations, and cash flows.
  • Certain Offices of the company operates from a premise taken by the company on lease basis. If the company is unable to comply with the terms of the lease deed, the same may adversely affect the Company's ability to operate its current operations thus affecting its financial performance.
  • The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
  • The company's leased premises at Navi Mumbai, which are not being used as its factory or as an active place of business, are subject to litigation and non-compliance with lease conditions, which may expose the company to legal and financial risks.
  • The company operates in a labour-intensive industry and are subject to stringent labour laws, and any strike, work stoppage, or increased wage demand by the company's employees or disputes with its workforce could adversely affect the company's business, financial condition, results of operations, and cash flows.
  • The company's ability to effectively utilize its installed manufacturing capacities is subject to various factors, and the disclosed capacity and utilization levels are based on management estimates and assumptions that may differ from actual performance.
  • If the company is unable to manage its growth effectively and further expand into new markets the company's business, future financial performance and results of operations could be materially and adversely affected.
  • Any failures to protect or enforce the company's rights to own or use trademarks and brand names and identities could have an adverse effect on the company's business and competitive position.
  • The Company is exposed to risks relating to improper or delayed installation and commissioning of products, which may adversely affect its reputation, operations, and financial performance.
  • Any Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
  • The Statutory Auditor of the Company have included certain remarks in their CARO Report.
  • The Company may not be successful in penetrating new export markets, and the company is also exposed to foreign exchange fluctuation risks.
  • The company's contingent liabilities and commitments as stated in the company's Restated Financial Statements could affect its financial condition.
  • The company's Business is Subject to Seasonality, with a Significant Portion of Revenues Typically Earned in the Second Half of Each Fiscal Year, Which May Result in Volatility in the company's Results of Operations and Cash Flows
  • The company's PAT and PAT margins have fluctuated in the past and may not be sustainable in the future
  • The company is dependent on third-party transportation providers for delivery of its raw materials and finished products, and any disruption or increase in related costs may adversely affect the company's business, financial condition, results of operations and prospects.
  • Activities involving the company's manufacturing process can cause injury to people or property in certain circumstances. A significant disruption at any of its manufacturing facility may adversely affect the company's production schedules, costs, sales and ability to meet customer demand.
  • The company operates in a competitive business environment with relatively low entry barriers, and the company's inability to compete effectively or adapt to technological changes may materially and adversely affect its business, results of operations, financial condition and cash flows.
  • The company's operations are subject to risks inherent in the company's business, and its insurance coverage may not adequately protect the company against all potential losses.
  • The company's operations are energy-intensive, and any disruption in power supply or significant increase in electricity costs could adversely affect its business, financial condition and results of operations.
  • The company's profitability and business operations are significantly dependent on its ability to anticipate industry trends and customer requirements, and any failures to do so may adversely affect its business, financial condition, results of operations, cash flows, and reputation.
  • The Company will not receive any proceeds from the Offer for Sale portion, and the Selling Shareholder shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by the Selling Shareholder in the Offer for Sale.
  • The company's historical performance is not indicative of its future growth or financial results and the company may not be able to sustain its historical growth rates.
  • The company's Group Company had incurred losses and any operating losses in the future could adversely affect the results of operations and financial conditions of its group company.
  • The company is subject to restrictive covenants under its credit facilities that limit the company's operational flexibility.
  • The company has incurred indebtedness which exposes us to various risks which may have an effect on its business and results of operations.
  • Compliance with and changes in safety, health and environmental laws and regulations may adversely affect its business, prospects, financial condition and results of operations.
  • The company is dependent on the company's Board, Promoters, key managerial personnel and senior management, and the loss of, or the company's inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
  • The company's business is exposed to risks arising from employee misconduct, fraud, theft, negligence, or damage to the company's inventory and assets, which may be difficult to detect and could adversely affect its operations, financial performance, and reputation.
  • The company may not be successful in implementing its business strategies.
  • Loans availed by the Company has been secured on personal guarantees of its Director. the company's business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by its Directors.
  • Excessive dependence on ICICI Bank Limited and Kotak Mahindra Bank Limited in respect of Loan facilities obtained by the Company.
  • The company's lenders have charge over properties in respect of finance availed by the company.
  • The company's estimates and forward-looking statements may prove to be inaccurate.
  • The company's directors have no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements.
  • The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Offer proceeds may delay the implementation schedule.
  • Adverse publicity regarding the company's products could negatively impact its.
  • Fraud, theft, or damage to the company's inventory and assets could materially and adversely affect its results of operations and financial condition.
  • The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
  • If the company fails to maintain an effective system of internal controls, the company's ability to manage operations and accurately report its financial results may be adversely affected.
  • The company's ability to pay any dividends will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
  • Any future issuance or sale of Equity Shares by the Company or significant shareholders may dilute your shareholding and adversely affect the trading price of its Equity Shares.
  • Certain data mentioned in this Red Herring Prospectus has not been independently verified.
  • The average cost of acquisition of Equity Shares by the company's Promoters, is lower than the face value of Equity Share.
  • The company's Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company post offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • The Offer price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Offer and the market price of its Equity Shares may decline below the Offer price and you may not be able to sell your Equity Shares at or above the Offer Price.
  • Industry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • Thevcompany has issued Equity Shares in the last 12 months at a price lower than the Offer Price.
  • Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of our financial condition, result of operations and cash flows.
  • There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of NSE (NSE Emerge) in a timely manner or at all.
  • The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
  • The company may require additional financing in the future, and any equity issuance may lead to dilution of shareholding while debt financing may increase its leverage
  • The Equity Shares have never been publicly traded, and, after the Offer, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Offer Price, or at all.
  • Any of the Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.

The Issue type of Vivid Electromech Ltd is Book Building - SME.

The minimum application for shares of Vivid Electromech Ltd is 480.

The total shares issue of Vivid Electromech Ltd is 2352000.

Initial public offer of 23,52,000 equity shares of face value of Rs.10/- each (the "Equity Shares") of Vivid Electromech Limited ("The Company" or "The Issuer") at an offer price of Rs.555 per equity share (including share premium of Rs. 545 per equity share) for cash, aggregating up to Rs. 130.54 Crores ("Public Offer") comprising of a fresh issue of 18,84,000 equity shares aggregating to Rs. 104.56 Crores (the "Fresh Issue") and an offer for sale of 4,68,000 equity shares by the promoter selling shareholder ("Offer For Sale") aggregating to Rs. 25.97 Crores comprising; 1,17,000 equity shares aggregating to Rs.6.49 Crores by Sameer Vishvanath Attavar and 3,51,000 equity shares aggregating to Rs. 19.48 Crores by Meeta Sameer Attavar (collectively Refferd as "Promoter Selling Shareholders"), out of which 1,18,800 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 555 per equity share for cash, aggregating Rs. 6.59 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. Offer of 22,33,200 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 555 per equity share for cash, aggregating to Rs. 123.94 Crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.46% and 25.13% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 555 per equity share of face value Rs. 10/- each. The floor price (Rs.555) is 55.5 times of the face value of the equity shares. Bids can be made for a minimum of 480 equity shares and in multiples of 240 equity shares thereafter.