Vikran Engineering IPO: Comprehensive Details for Investors in 2025

Published On: 24/08/20252.2 min read

Vikran Engineering IPO: Comprehensive Details for Investors in 2025

The Vikran Engineering IPO is set to captivate investors with its promising financial performance and growth potential. Scheduled to open from August 26 to August 29, 2025, this IPO aims to raise ₹772 crores. The price band for the IPO is fixed between ₹92 and ₹97 with a minimum lot size of 148 shares, equating to a minimum investment of ₹14,356. The company has a grey market premium (GMP) of ₹22, indicating strong demand from investors.

Company Overview

Vikran Engineering Limited is an engineering, procurement, and construction (EPC) company specializing in end-to-end services across various sectors, including power, water, and railway infrastructure. The company executes projects on a turnkey basis, ensuring comprehensive service delivery from conceptualization to commissioning. With a focus on value-added projects, Vikran Engineering is recognized as a rapidly growing player in the EPC space.

IPO Details

  • IPO Type: Mainline
  • Issue Size: ₹772 crores (Fresh + OFS)
  • Price Band: ₹92 – ₹97
  • Lot Size: 148 shares
  • GMP: ₹22
  • Open Date: August 26, 2025
  • Close Date: August 29, 2025
  • Listing Date: September 3, 2025

IPO Objectives

The primary objective of the Vikran Engineering IPO is to utilize the proceeds towards funding its working capital requirements and enhancing its project execution capabilities. The funds will also be allocated for strategic investments, thereby improving operational efficiency.

Pre-IPO Placements

Prior to the IPO, Vikran Engineering secured significant interest during pre-IPO funding rounds, raising over ₹100 crores. This reflects robust backing from major investors, enhancing confidence in the company’s growth trajectory.

Financial Highlights

  • Fiscal Year 2022: Revenue: ₹475.55 crores
  • Fiscal Year 2023: Revenue: ₹524.31 crores
  • Fiscal Year 2024: Revenue: ₹785.95 crores

Peer Comparison

In comparison with its peers, Vikran Engineering demonstrates competitive performance metrics, with a strong focus on returning value to shareholders through its operational strategy.

Strengths

  • Robust project pipeline across diverse sectors.
  • High-quality service delivery on turnkey projects.
  • Strong brand reputation in the EPC industry.

Risks

  • High dependence on government contracts.
  • Fluctuations in interest rates and working capital pressures.
  • Limited market share posing competition risks.

Expert Verdict

Given the strong financials, along with a healthy grey market premium, Vikran Engineering’s IPO appears to be a promising investment opportunity for those looking to invest in the EPC sector.

Subscription Status

As of the initial days leading up to the IPO, there has been substantial interest indicated. The subscription status will be closely monitored, with allotment expected by September 1, 2025.

Allotment & Listing Timeline

  • UPI Mandate Deadline: August 29, 2025 by 5 PM
  • Allotment Finalization: September 1, 2025
  • Refund Initiation: September 2, 2025
  • Share Credit: September 2, 2025
  • Listing Date: September 3, 2025

FAQs

  • What is the issue size of the Vikran Engineering IPO?
    The issue size is ₹772 crores.
  • What is the GMP for the IPO?
    The grey market premium is ₹22.
  • How can I apply for the IPO?
    You can apply for the IPO through various platforms, including brokerage firms and online trading applications.

 

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