Vikran Engineering IPO – Key Highlights
The initial public offering (IPO) of Vikran Engineering will open for subscription on Tuesday, August 26, 2025. The company plans to raise ₹772 crore through the issue, with the price band fixed at ₹92–97 per share.
The IPO structure includes:
- Fresh Issue: 7.43 crore shares aggregating to ₹721 crore
- Offer for Sale (OFS): 0.53 crore shares aggregating to ₹51 crore
The proceeds will primarily be used for working capital requirements and general corporate purposes.
Grey Market Premium (GMP) Trend
Ahead of the bidding, Vikran Engineering shares are trading at a GMP of ₹22 per share, reflecting strong investor appetite.
- At the upper price band of ₹97, the GMP suggests a potential listing price of ₹119.
- This implies a 22.7% premium over the issue price, provided demand sustains.
IPO Details for Investors
- Lot Size (Retail): 148 shares → Minimum investment ₹13,616
- sNII (Small Non-Institutional Investors): 14 lots (2,072 shares) → ₹2,00,984
- bNII (Big Non-Institutional Investors): 70 lots (10,360 shares) → ₹10,04,920
Lead Manager: Pantomath Capital Advisors Pvt. Ltd.
Registrar: Bigshare Services Pvt. Ltd.
- IPO Opens: August 26, 2025
- IPO Closes: August 28, 2025
- Allotment Date: September 1, 2025
- Listing Date: September 3, 2025 (NSE & BSE)
About Vikran Engineering
According to its RHP (Red Herring Prospectus), Vikran Engineering is one of India’s fastest-growing EPC (Engineering, Procurement & Construction) companies between FY23 and FY25, outpacing both industry growth and peers.
The company’s diversified portfolio spans multiple sectors:
- Energy: Transmission and distribution projects
- Water: Underground pipeline networks
- Railways: 132 kV traction substation projects and underground EHV cabling works
Vikran Engineering delivers end-to-end turnkey solutions, covering design, supply, installation, testing, and commissioning across its infrastructure projects.
Investor Outlook
With strong order book visibility, presence in critical infrastructure segments, and a positive grey market premium, the Vikran Engineering IPO is drawing keen attention from both retail and institutional investors.
📌 Disclaimer: This story is for educational purposes only and does not constitute investment advice. Investors should consult a certified financial advisor before making investment decisions.
