Vikran Engineering IPO
Vikran Engineering IPO
Overview
Vikran Engineering IPO is a book build issue of ₹772.00 crores. The issue is a combination of fresh issue of 7.43 crore shares aggregating to ₹721.00 crores and offer for sale of 0.53 crore shares aggregating to ₹51.00 crores. Vikran Engineering IPO opens for subscription on Aug 26, 2025 and closes on Aug 29, 2025. The allotment for the Vikran Engineering IPO is expected to be finalized on Sep 1, 2025. Vikran Engineering IPO will list on BSE, NSE with a tentative listing date fixed as Sep 3, 2025. Vikran Engineering IPO price band is set at ₹92.00 to ₹97.00 per share . The lot size for an application is 148. The minimum amount of investment required by an retail is ₹13,616 (148 shares). The lot size investment for sNII is 14 lots (2,072 shares), amounting to ₹2,00,984, and for bNII, it is 70 lots (10,360 shares), amounting to ₹10,04,920. Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Refer to Vikran Engineering IPO RHP for detailed Information.
Total Shares
7,95,87,627
Issue Size
₹772.00 Cr
Price Band
₹97 – ₹97
Lot Size
148 shares
Min. Investment
₹14,356
Max. Investment
₹1,86,628
Open Date
26 Aug, 2025
Close Date
29 Aug, 2025
Allotment
01 Sep, 2025
Listing
03 Sep, 2025
Max. Investment
₹1,86,628
Announced
26 Aug, 2025
Opening Date
26 Aug, 2025
Closing Date
29 Aug, 2025
Basis of Allotment
01 Sep, 2025
Initiation of Refunds
02 Sep, 2025
Credit of Shares
02 Sep, 2025
Listing Date
03 Sep, 2025
Live GMP
Est. Listing: ₹102
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About Vikran Engineering IPO
Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) company.
The company's projects include underground water distribution and surface water extraction, overhead tanks, and distribution networks.
Service Sectors:
- Power Transmission and Distribution: Specializing in extra-high voltage (EHV) substations up to 400kV and comprehensive power distribution solutions.
- Water Infrastructure: Engaged in projects invo
Vikran Engineering IPO Share Price
Issue Breakdown
Shareholding
Dilution: 40.5% increase in shares
Vikran Engineering IPO Promoters Holding
Vikran Engineering IPO Financial Health
Vikran Engineering Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.
Vikran Engineering IPO Lot Size
Investors can bid for a minimum of 148 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 148 | ₹14,356 |
| Retail (Max) | 13 | 1924 | ₹1,86,628 |
| S-HNI (Min) | 14 | 2072 | ₹2,00,984 |
| S-HNI (Max) | 69 | 10212 | ₹9,90,564 |
| B-HNI (Min) | 70 | 10360 | ₹10,04,920 |
(All values in CR)
Vikran Engineering IPO Valuations
The market capitalization of Vikran Engineering IPO is ₹2501.74 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 16.63 |
| ROCE | 23.34 |
| Debt/Equity | 0.58 |
| RoNW | 16.63 |
| PAT Margin | 8.44 |
| EBITDA Margin | 17.50 |
| Price to Book Value | 3.81 |
(All values in CR)
Vikran Engineering IPO Strength & Risk
Vikran Engineering IPO Strength:
Strong investor demand reflected in healthy grey market premium.
Backed by marquee anchor investors including well-known market names.
Asset-light, diversified EPC model across water, power, railways, and solar.
Solid order book with government and PSU clients ensuring revenue visibility.
Proven track record of project execution.
Healthy financial performance with improving profitability.
IPO proceeds focused on working capital and general corporate needs.
Valuation appears reasonable compared to peers.
Vikran Engineering IPO Risk:
Regulatory concerns from past notices could affect reputation and contracts.
High working capital intensity may strain cash flows.
Execution risk from delays, penalties, or cost overruns in projects.
Heavy dependence on government contracts and tenders.
Valuation may appear expensive to some investors.
Rising borrowings and liquidity pressures increase financial risk.
Vikran Engineering IPO Subscriptions Status
Vikran Engineering IPO subscribed 24.87 times. The public issue subscribed 11.56 times in the retail category, 20.51 times in QIB (Ex Anchor), and 61.77 times in the NII category by August 29, 2025 5:04:34 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 2,38,76,287 | 2,38,76,287 | 231.6 |
| QIB (Ex Anchor) | 20.51 | 1,59,17,527 | 32,64,46,412 | 3 |
| Non-Institutional Buyers | 61.77 | 1,19,38,144 | 73,73,62,196 | 7 |
| bNII (bids above ₹10L) | 70.34 | 79,58,763 | 55,98,15,180 | 5 |
| sNII (bids below ₹10L) | 44.62 | 39,79,381 | 17,75,47,016 | 1 |
| Retail | 11.56 | 2,78,55,670 | 32,19,54,315 | 3 |
| Total | 24.87 | 5,57,11,341 | 1,38,57,62,924 | 13 |
Vikran Engineering IPO GMP
Vikran Engineering IPO last GMP is ₹5, last updated Aug 29th 2025 03:54 PM. With the price band of 97.00, Vikran Engineering IPO's estimated listing price is ₹102 (cap price + today's GMP).The expected percentage gain/loss per share is 5.15%. >> Vikran Engineering IPO Retail Subject to Sauda: ₹600 >> Vikran Engineering IPO Small HNI Subject to Sauda: ₹8400 The lowest GMP is ₹0.00, while the highest GMP is ₹21.00.
Last updated 29 Aug, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 29 Aug, 2025 | 97 | ₹5▼ | 600/8400 | ₹102 (5.15%) | 740 | 29 Aug, 2025 |
| 28 Aug, 2025 | 97 | ₹12▼ | 1300/18200 | ₹109 (12.37%) | 1776 | 28 Aug, 2025 |
| 27 Aug, 2025 | 97 | ₹13 | 1500/21000 | ₹110 (13.40%) | 1924 | 27 Aug, 2025 |
| 26 Aug, 2025 | 97 | ₹13▼ | 1500/21000 | ₹110 (13.40%) | 1924 | 26 Aug, 2025 |
| 25 Aug, 2025 | 97 | ₹21▲ | 2400/33600 | ₹118 (21.65%) | 3108 | 25 Aug, 2025 |
| 24 Aug, 2025 | 97 | ₹17▼ | 1900/26600 | ₹114 (17.53%) | 2516 | 24 Aug, 2025 |
| 23 Aug, 2025 | 97 | ₹20▼ | 2200/30800 | ₹117 (20.62%) | 2960 | 23 Aug, 2025 |
| 22 Aug, 2025 | 97 | ₹22▲ | 2500/35000 | ₹119 (22.68%) | 3256 | 22 Aug, 2025 |
| 21 Aug, 2025 | 97 | ₹21 | 2400/33600 | ₹118 (21.65%) | 3108 | 21 Aug, 2025 |
| 20 Aug, 2025 | 97 | ₹21▲ | 2400/33600 | ₹118 (21.65%) | 3108 | 20 Aug, 2025 |
| 19 Aug, 2025 | 97 | ₹12▲ | 1300/18200 | ₹109 (12.37%) | 1776 | 19 Aug, 2025 |
| 18 Aug, 2025 | 97 | ₹0 | - | - | - | 18 Aug, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Vikran Engineering IPO
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Find Vikran Engineering IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.