Vivid Electromech IPO allotment: How to check status online on NSE, MUFG Intime India; listing date, time here

Vivid Electromech IPO: The basis of allotment of electrical panels and automation systems maker Vivid Electromech is expected to be finalised on Thursday, April 2. The bid finalisation details will be out on the websites of the National Stock Exchange (NSE) and MUFG Intime India.

The ₹130.54 crore initial public offering was a mix of a fresh issuance of shares valued at ₹104.56 crore and an offer for sale (OFS) component of ₹25.97 crore by promoters Sameer Vishvanath Attavar and Meeta Sameer Attavar.

The funds generated will be utilised for funding capital expenditure needs towards establishing a new manufacturing unit, debt repayment, working capital needs and general corporate purposes.

"Our company expects to receive the benefits of listing equity shares on the SME Platform of NSE including enhancing our visibility and our brand image among our existing and potential customers and creating a public market for our equity shares in India," the company said in its red herring prospectus.

Vivid Electromech is a manufacturer of low-voltage and medium-voltage electrical panels and automation systems. It is involved in panel manufacturing and system integration, providing electrical and automation solutions. Its products find applications in power distribution, process control, load management and industrial automation across multiple sectors.

The products are used in sectors such as infrastructure, data centre & technology, construction & real Estate including metro projects, solar & renewable Energy, and industrial manufacturing, among others.

Vivid Electromech IPO allotment date and time

Vivid Electromech IPO allotment status is likely to be finalised on Thursday, April 2, by late evening.

How to check Vivid Electromech IPO allotment status online on NSE

• Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose ‘Vivid Electromech’ under the symbol ‘VIVIDEL’
• Enter your PAN details and application number
• Click on submit

Steps to check Vivid Electromech IPO allotment status online on MUFG Intime India

• Go to the allotment status link of MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Vivid Electromech Limited’ from the drop down list for issue names
• Type in any of the following details: DP/Client ID, PAN, Application No or Account No / IFSC
• Click on the ‘Submit’ button

Vivid Electromech IPO listing date and time

Vivid Electromech's shares will be listed on the SME platform of NSE, Emerge, on April 7, at 10 am.