New Delhi, 07 April (H.S.):

Shares of Vivid Electromech, a manufacturer of low and medium voltage electrical panels and automation systems, made a modest premium entry on the stock market today. Issued at ₹555 per share through its IPO, the stock listed at ₹565 on the NSE SME platform, marking a 1.80% gain.

Post-listing buying pushed shares to a high of ₹593.25, though profit-taking later caused a pullback. By 11:50 AM, shares traded at ₹567, leaving IPO investors with a 2.16% or ₹12 per share profit.

The ₹130.54 crore IPO, open from March 25-30, saw tepid response with 1.06x overall subscription. Qualified institutional buyers subscribed 1.95x their portion, non-institutional investors 1.50x, while retail investors managed only 0.36x.

The offering included 18.84 lakh fresh shares worth ₹105 crore and an offer-for-sale of 4.68 lakh shares valued at ₹25.54 crore. Proceeds will fund a new manufacturing unit, debt reduction, working capital, and general corporate purposes.

Vivid Electromech showed robust growth per its SEBI-filed DRHP. Net profit rose from ₹6 lakh in FY23 to ₹4.28 crore in FY24 and ₹20.24 crore in FY25, with H1 FY26 (Apr-Sep 2025) at ₹9.44 crore.

Revenue climbed from ₹59.63 crore (FY23) to ₹89.55 crore (FY24) and ₹155.77 crore (FY25), reaching ₹70.89 crore in H1 FY26. Debt fluctuated, ending at ₹14.17 crore in H1 FY26, while net worth grew to ₹37.03 crore.

EBITDA surged from ₹1.76 crore (FY23) to ₹28.39 crore (FY25), with reserves and surplus at ₹44.23 crore by H1 FY26.

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Hindusthan Samachar / Jun Sarkar