Vans Electroengineerings IPO Day 2: Subscription Status on 30 September 2026
- September 30, 2026
- Posted by: Harsh Piplani
- Category: IPO
Vans Electroengineerings IPO Day 2, 30 Sep 2026. Subscribed 2.65x at Day 1 close: Retail 4.54x, NII 2.10x, QIB 0.00x. Price band Rs 112-118. Closes 1 Oct.
Quick Answer
The Vans Electroengineerings IPO is on Day 2 of bidding on 30 September 2026, after a very strong opening day. The Vans Electroengineerings IPO closed Day 1 subscribed 2.65 times overall, with retail surging to 4.54 times and NII at 2.10 times, while QIB, excluding anchors, had not placed bids. Bidding remains open until 1 October 2026, and investors should track the live category wise numbers on BSE through the day.
The Vans Electroengineerings IPO has entered Day 2 of its bidding window, which opened on 29 September 2026 and closes on 1 October 2026. Vans Electroengineerings Limited, a vacuum circuit breaker and related products manufacturer, is raising about Rs 33.98 crore entirely through a fresh issue, and the shares are proposed to list on the BSE SME platform. The latest full session data available is the Day 1 close of 28 September 2026.
Day 1 bidding for the issue closed with the issue subscribed a strong 2.65 times overall, driven by retail demand at 4.54 times, while QIB had not yet placed any bids. With one more session before the 1 October close, the QIB book remains the one to watch.
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Vans Electroengineerings IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 29 September 2026 |
| Close Date | 1 October 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 112 to Rs 118 per share |
| Lot Size | 1,200 shares (minimum bid 2,400 shares) |
| Issue Size | Rs 33.98 crore (entirely fresh issue) |
| Issue Type | Book Built Issue, SME |
| Listing At | BSE SME |
| Allotment Date | 5 October 2026 |
| Listing Date | 7 October 2026 |
Vans Electroengineerings IPO Subscription Status Day 2
Bidding for the issue is updated through the trading session on BSE. The table below shows the position at the close of Day 1 along with the figure recorded so far on Day 2.
| Investor Category | Subscription at Day 1 Close (29 Sep, 5:04 PM) | Subscription So Far (Day 2, 30 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.00 times | Updating |
| Non-Institutional Investors (NII) | 2.10 times | Updating |
| Retail Individual Investors | 4.54 times | Updating |
| Overall | 2.65 times | Updating through the session |
Retail has driven the issue well past full subscription, while QIB, excluding anchors, has yet to open up. Investors should treat the Day 2 figures as provisional since bidding remains open until the 1 October close.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Vans Electroengineerings IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 112 to Rs 118 band, with a minimum bid of 2,400 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 1 October.
Download the Univest iOS App or Univest Android App to apply for the issue before the 1 October close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue opened strongly, closing Day 1 at 2.65 times overall on the back of retail demand, with QIB still to build before the 1 October close. Investors considering the issue should review the company financials and SME liquidity risks in the RHP on bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Vans Electroengineerings IPO subscription status on Day 2?
Ans. The issue closed Day 1 subscribed 2.65 times overall, with retail surging to 4.54 times and NII at 2.10 times, while QIB, excluding anchors, had not placed bids, and figures for Day 2, 30 September 2026, are updating through today’s session on BSE.
When does the Vans Electroengineerings IPO close?
Ans. The issue closes for subscription on 1 October 2026, having opened on 29 September 2026.
What is the Vans Electroengineerings IPO price band and lot size?
Ans. The issue price band is Rs 112 to Rs 118 per share, with a lot size of 1,200 shares. Retail investors must apply for a minimum of 2 lots, or 2,400 shares, taking the minimum investment to about Rs 2,83,200 at the upper price band.
Which category led the Vans Electroengineerings IPO on Day 1?
Ans. Retail investors led the issue on Day 1 at 4.54 times, ahead of NII at 2.10 times, while QIB, excluding anchors, had not placed any bids.
What is the Vans Electroengineerings IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Vans Electroengineerings IPO before it closes?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 112 to Rs 118 band, with a minimum bid of 2,400 shares, then approving the UPI mandate before the daily cut off.
When will the Vans Electroengineerings IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 5 October 2026, with listing on the BSE SME platform tentatively scheduled for 7 October 2026.
What does Vans Electroengineerings Limited do?
Ans. Vans Electroengineerings Limited manufactures vacuum circuit breakers, vacuum interrupters and related products, with demand linked to railway electrification and modernisation programmes.
