Vivid Electromech Ltd IPO

Initial public offer of upto 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 up to Rs.6.49 Crores by Sameer Vishvanath Attavar and 3,51,000 equity shares aggregating up 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 upto 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. 528 to Rs. 555 per equity share of face value Rs. 10/- each. The floor price (Rs.528) is 52.8 times the face value of the equity shares and the cap 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.

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.