VVDN is in early talks on a potential offering, and key variables like deal size and timing could shift, according to people with knowledge of the matter who requested anonymity because the discussions are private. The company has called on investment banks to vie for spots on the potential offering, with presentations due later this week; adviser selections are anticipated soon. A company representative did not respond to a request for comment. Last month, Mint reported that VVDN is planning an IPO.
Based in Gurugram, the company delivers manufacturing, software, and product-engineering offerings. Its capabilities cover mechanical and hardware design, building embedded software, creating cloud applications, performing testing, and carrying out large-scale manufacturing. VVDN, founded in 2007, operates 11 research and development centers and maintains operations in the US, Canada, Europe, Vietnam, South Korea and Japan. Motilal Oswal Private Equity is an investor in the company.
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A VVDN listing would add to the growing roster tapping India's upbeat IPO market. First-time share sales have raised about $14.36 billion so far this year, after a record $22 billion in 2025, per Bloomberg data. On Wednesday, Jio Platforms Ltd. opened subscriptions for the country's largest ever IPO, targeting as much as $3.2 billion.
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