Vivid Electromech Limited IPO Day 3: GMP ₹0
As Vivid Electromech Limited’s SME IPO on the NSE enters its third day of bidding, the subscription numbers remain at a standstill. The IPO, which opened on March 25, 2026, and is set to close on March 30, 2026, has yet to see any significant investor interest across all categories. With an issue price of ₹0 and an expected listing price of ₹0, the current market sentiment appears to be one of caution or perhaps a lack of clarity surrounding the company’s valuation and prospects.
| Date | GMP | Est. Listing |
|---|---|---|
| 07 Apr | ₹0 | ₹555 |
| 06 Apr | ₹0 | ₹555 |
| 04 Apr | ₹0 | ₹555 |
| 03 Apr | ₹0 | ₹555 |
| 02 Apr | ₹0 | ₹555 |
Subscription Status
The subscription figures for Vivid Electromech Limited’s IPO on Day 3 are as follows:
- Retail: 0x
- NII (Non-Institutional Investors): 0x
- QIB (Qualified Institutional Buyers): 0x
- Total: 0x
The complete lack of subscription across all investor segments is a noteworthy observation. Typically, by the third day, at least some level of interest would be expected, particularly from retail investors or NIIs. The zero subscription for QIBs suggests that institutional investors have not yet found the offering compelling enough to allocate capital. Similarly, the absence of bids from NIIs and retail investors indicates a widespread hesitation in the market regarding this particular IPO. This could stem from various factors, including the company’s business model, financial performance, or the overall market conditions.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 0.36x | |
| NII / HNI | 1.85x | |
| QIB | 1.95x | |
| Total | 1.13x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 30 Mar | 0.36x | 1.85x | 1.95x | 1.13x |
| 27 Mar | 0.14x | 1.17x | 1.26x | 0.68x |
| 25 Mar | 0.01x | 0.71x | 1.20x | 0.50x |
GMP Update
The Grey Market Premium (GMP) for Vivid Electromech Limited’s IPO currently stands at ₹0. This figure has remained unchanged from the previous day, where it was also reported at ₹0. A GMP of ₹0 indicates that there is no premium being traded in the grey market, suggesting that investors are not willing to pay over the issue price for the shares. In fact, with an issue price of ₹0, the GMP of ₹0 further emphasizes the lack of speculative interest and the absence of any perceived immediate listing gains.
Should You Apply?
Based on the current subscription data and the GMP, Vivid Electromech Limited’s IPO is experiencing a very subdued response. The zero subscription across all categories and a GMP of ₹0 are strong indicators of weak investor sentiment. While the IPO period extends until March 30, 2026, a significant turnaround would be required to generate substantial interest. Investors are advised to conduct thorough due diligence on the company’s fundamentals, future growth prospects, and the management team before making any investment decisions. As always, it is recommended to consult with SEBI-registered investment advisors for personalized guidance.