Vans IPO subscribed 628x, NII portion 1,031x

Vans, a railway electrification and renewable energy tech firm founded in 2022, saw its ₹33.98 crore IPO subscribed 628.73 times overall. Non-institutional investors subscribed 1,031.87 times. The fresh-issue IPO was priced at ₹112–118 per share, with a minimum lot investment of ₹1,41,600.