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Vikran Engineering Ltd.

Vikran Engineering Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹97
₹97
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹97
Based on GMP
Min. Investment
₹14,356
1 lot × 148 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
26 Aug 2025
Close Date
29 Aug 2025
Allotment
01 Sep 2025
Listing Date
03 Sep 2025
Exchange
NSE & BSE
Price Band
₹97
Listing Price
See chart
Allotment Status
Price Band
₹97
Per share
Face Value
₹1 per share
 
Lot Size
148 Shares
per lot
Issue Size
7,95,87,627 shares (aggregating up to ₹772.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,356
1 lot
Pre-IPO Holding
18,35,81,130 shares
Promoters
Post-IPO Holding
25,79,11,026 shares
Promoters
P/E (Pre)
22.88x
 
P/E (Post)
32.15x
 
EPS (Pre)
₹4.24
 
EPS (Post)
₹3.02
 
UPI Deadline
2025-08-29
Mandate
Anchor AllotmentMon, 25 Aug 2025
Basis of AllotmentMon, 01 Sep 2025
Refund InitiationTue, 02 Sep 2025
Demat CreditTue, 02 Sep 2025
Listing DayWed, 03 Sep 2025
UPI Mandate Deadline2025-08-29
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares7,43,29,896 shares (aggregating up to ₹721.00 Cr)
Offer for Sale52,57,731 shares of ₹1 (aggregating up to ₹51.00 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Vikran Engineering Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Aug 2025.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
79,587,627
100% ₹772.00
IPO Shares Offered
Vikran Engineering Ltd. IPO total issue size: ₹772.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 79,587,627 ₹772.00
100.00%
* Based on upper price band ₹97 per share
Lot Size & Investment
Lot Size
148
Shares per Lot
Issue Price
₹97.00
Upper Band
Min Investment
₹14,356
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2296₹28,712
Retail (Max — 13 Lots)131,924₹186,628
S-HNI (Min — 14 Lots)142,072₹200,984
B-HNI (Min — 70 Lots)7010,360₹1,004,920
* Issue Price ₹97 × Lot Size 148 shares
IPO Schedule
Anchor
25 Aug 2025
✓ Done
IPO Open
26 Aug 2025
✓ Done
IPO Close
29 Aug 2025
✓ Done
Allotment
01 Sep 2025
✓ Done
Refunds
02 Sep 2025
✓ Done
Demat Credit
02 Sep 2025
✓ Done
Listing Day
03 Sep 2025
✓ Done
Vikran Engineering Ltd. — Live Price LIVE
₹97.00
INR · BSE
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Issue ₹97.00 Live Price
About Vikran Engineering Ltd.
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 involving underground water distribution, surface water extraction, overhead tanks, and distribution networks.Railway Infrastructure: Providing services in railway infrastructure projects.Solar Energy: Expanding presence in solar EPC projects.As of June 30, 2025, the company has completed 45 projects across 14 states with a total executed contract value of Rs 19,199.17 million. As of June 30, 2025, they have 44 ongoing projects across 16 states, aggregating orders of Rs 51,202.07 million, of which the Order Book is Rs 24,424.39 million.The company's clients in the government sector include NTPC Limited, Power Grid Corporation of India Limited, South Bihar Power Distribution Co. Ltd., North Bihar Power Distribution Co. Ltd., Transmission Corporation of Telangana Limited and more.As of June 30, 2025, the company had 761 permanent employees.Competitve Strengths:One of the fast-growing engineering, procurement and construction (“EPC”) companies, with timely execution of power transmission and distribution and water infrastructure sector.Diversified Order Book across business verticals and consistent financial performanceAsset light modelIn-house technical and engineering capabilities, process control and quality assuranceExperienced promoters and management team, having domain knowledge
Objects of the Issue
1
1 Funding working capital requirements of the Company.
2
2 General corporate purposes.
Vikran Engineering Ltd. Financials (Amount in Crore)
Revenue from Operations
₹529.2
31 Mar 2023
₹791.4
31 Mar 2024
₹922.4
31 Mar 2025
Profit After Tax (PAT)
₹42.8
31 Mar 2023
₹74.8
31 Mar 2024
₹77.8
31 Mar 2025
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 922.36 791.44 529.18
EBITDA 160.24 133.30 79.71
Profit After Tax (PAT) 77.82 74.83 42.84
Net Worth 467.87 291.28 131.14
Total Assets 1354.68 959.79 712.47
Reserves & Surplus 449.52 290.95 130.85
Borrowings 272.94 183.39 154.92
EBITDA Margin (%) 17.50%
PAT Margin (%) 8.44%
P/BV Ratio
3.81
RoE
16.63%
RoCE
23.34%
RoNW
16.63%
PAT Margin
8.44%
EBITDA Margin
17.50%
Debt/Equity
0.58
Issue Structure & Shareholding
Total Shares Offered7,95,87,627 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding18,35,81,130 shares
Post-Issue Promoter Holding25,79,11,026 shares
P/BV Ratio3.81
RoE16.63%
RoCE23.34%
Debt / Equity0.58
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Pantomath Capital Advisors Pvt.Ltd.
Systematix Corporate Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Vikran Engineering Ltd. IPO subscribed?

Vikran Engineering Ltd. IPO is subscribed 1.00 times by Aug 29, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Vikran Engineering Ltd. IPO retail subscription status?

The Vikran Engineering Ltd. IPO retail category is subscribed 1.00 times as of 29 Aug 2025. The retail portion is oversubscribed.

How to subscribe Vikran Engineering Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 26 Aug 2025 and closes 29 Aug 2025. Min investment: ₹14,356 (1 lot = 148 shares). UPI mandate: 2025-08-29.

How many times Vikran Engineering Ltd. IPO subscribed?

The Vikran Engineering Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Vikran Engineering Ltd. IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Sep 2025. Refunds: on 02 Sep 2025.

When Vikran Engineering Ltd. IPO will be listed?

The Vikran Engineering Ltd. IPO listing date is 03 Sep 2025, Wednesday. Listed on: NSE & BSE. Issue price: ₹97. Estimated listing: ₹97. GMP: NIL.

When Vikran Engineering Ltd. IPO close?

The Vikran Engineering Ltd. IPO closes on 29 Aug 2025, Friday. UPI mandate: 2025-08-29. Allotment: 01 Sep 2025. Listing: 03 Sep 2025.