Vans Electroengineerings SME IPO GMP History
Vans Electroengineerings SME IPO has been listed on October 7, 2026 at a listing price of ₹224.2, against the issue price of ₹118 — a gain of ₹106.2 (+90%). The GMP peaked at ₹103 on 7 October 2026 and reached a low of ₹0 on 25 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Vans Electroengineerings SME IPO raised ₹33.98 Cr. through its IPO at a price band of ₹112 to ₹118 per share, with a lot size of 1200 shares. The IPO was open for subscription from 29 Sep 2026 to 01 Oct 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 8 Oct, 6:01 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 07 Oct 2026 | ₹ 103 | — | 87.29% | — | ₹ 63800 |
| 06 Oct 2026 | ₹ 103 | — | 87.29% | — | ₹ 63800 |
| 05 Oct 2026 | ₹ 103 | ▲ | 87.29% | — | ₹ 63800 |
| 04 Oct 2026 | ₹ 70 | — | 59.32% | — | ₹ 63800 |
| 03 Oct 2026 | ₹ 70 | — | 59.32% | — | ₹ 63800 |
| 02 Oct 2026 | ₹ 70 | — | 59.32% | — | ₹ 63800 |
| 01 Oct 2026 | ₹ 70 | ▼ | 59.32% | — | ₹ 63800 |
| 30 Sep 2026 | ₹ 85 | ▼ | 72.03% | — | ₹ 82100 |
| 29 Sep 2026 | ₹ 90 | ▲ | 76.27% | — | ₹ 63800 |
| 28 Sep 2026 | ₹ 45 | — | 38.14% | — | ₹ 41000 |
| 27 Sep 2026 | ₹ 45 | — | 38.14% | — | ₹ 41000 |
| 26 Sep 2026 | ₹ 45 | ▲ | 38.14% | — | ₹ 16400 |
| 25 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 24 Sep 2026 | ₹ 0 | — | 0% | — | — |
Vans Electroengineerings SME IPO dates
Key dates from opening to listing. Today is 9 November.
- Open 29 Sep 2026
- Close 01 Oct 2026
- Allotment 05 Oct 2026
- Refund/credit 06 Oct 2026
- Listing 07 Oct 2026
Vans Electroengineerings SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹118 |
|---|---|
| GMP-based estimate (pre-listing) | ₹221 (+87.3%) |
| Listing gain / loss | +₹106.2 per share |
| Listing date | 07 Oct, 2026 |
| Actual listing price | ₹224.2 (+90%) |
Is Vans Electroengineerings SME IPO GMP reliable?
Grey market premium for Vans Electroengineerings SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Vans Electroengineerings SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Vans Electroengineerings SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Vans Electroengineerings SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹63800. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Vans Electroengineerings SME IPO
Vans Electroengineerings Limited was started in February 2022. It makes components used in traction power supply and overhead equipment, the systems that feed electricity to trains, for Indian railway electrification, metro systems and renewable energy projects.
Its main products are single pole and double pole vacuum circuit breakers and vacuum interrupters. These switch and protect the power supply at traction substations, sectioning posts, feeding posts and other points along an electrified railway line.
Its products are supplied mainly to Indian Railways and to railway contractors. It holds approvals from the Research Designs and Standards Organisation, the technical arm of Indian Railways, for some products, and has Approved Vendor status from the Central Organisation for Railway Electrification. It operates from its registered office and manufacturing facility in Salem, Tamil Nadu.
Frequently asked
What is the GMP of Vans Electroengineerings SME IPO?
The current Grey Market Premium (GMP) of Vans Electroengineerings SME IPO is ₹ 103.
What is the Kostak Price of Vans Electroengineerings SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Vans Electroengineerings SME IPO is not available.
What is the Subject to Sauda Price of Vans Electroengineerings SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹63800.
What was the actual listing price of Vans Electroengineerings SME IPO?
Vans Electroengineerings SME IPO listed on October 7, 2026 at ₹224.2, against the issue price of ₹118 — a gain of +90%.
How did the GMP of Vans Electroengineerings SME IPO trend before listing?
The GMP of Vans Electroengineerings SME IPO was stable in its final days before listing. The GMP peaked at ₹103 on 7 October 2026. View the day-wise table above for the complete GMP history.
Explore Vans Electroengineerings SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
