Vikran Engineering IPO Day 1: Check GMP, Subscription Status & Key Highlights
Vikran Engineering Ltd is launching its Initial Public Offering (IPO) today, on August 26, 2025. The bidding window will be open till August 29, 2025, for public subscription. The allotment process for Vikran Engineering IPO is expected to be finalised on September 1, 2025.
Founded in 2008, Vikran Engineering Ltd is an engineering, procurement and construction (EPC) company. The shares of the company will be listed on both BSE and NSE with a tentative listing date of September 3, 2025.
Vikran Engineering IPO Day 1 Subscription Status
[August 26, 2025, 11:09 AM]
On Day 1, Vikran Engineering IPO saw a subscription of 0.58 times as per the NSE data. The public issue was subscribed 0.64 times in the Retail Individual Investors (RIIs) category, 0.98 times in the Non-Institutional Investors (NII) category, and 0.18 times in the Qualified Institutional Buyers (QIBs) category.
Vikran Engineering IPO Details
Vikran Engineering IPO is a book build issue of ₹772.00 crores. The issue comprises a fresh issue of 7.43 crore shares, aggregating to ₹721.00 crores, and an offer for sale (OFS) of 0.53 crore shares, aggregating to ₹51.00 crores.
The IPO price band is set between ₹92.00 and ₹97.00 per share. The minimum lot size for an application is 148, and the minimum amount of investment required by a retail investor is ₹14,356 (148 shares). Pantomath Capital Advisors Pvt. Ltd. is the book running lead manager, and Bigshare Services Pvt. Ltd. is the registrar of the issue.
Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Funding the working capital requirements of the Company.
- General corporate purposes.
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Vikran Engineering Ltd GMP Details
According to Livemint, the Grey Market Premium (GMP) of Vikran Engineering Ltd is ₹21 as of August 26, 2025, 10:47 a.m. This indicates that the estimated listing price can be ₹118 as per the upper price band, which is ₹97. The estimated gain per share is 21.65%.
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Source: Livemint Media Report dated August 26, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Vikran Engineering Ltd- Business Overview
Vikran Engineering Limited, established in 2008, is a prominent EPC (Engineering, Procurement & Construction) firm based in Mumbai. The company provides end-to-end turnkey solutions, including conceptualisation, design, supply, installation, testing, and commissioning. It primarily serves the energy, water, and railway sectors, and is now expanding into solar infrastructure sectors.
In FY25, Vikran reported revenues of ₹916 crore, up from ₹786 crore in FY24, with PAT rising to ₹78 crore. Net worth expanded to ₹468 crore, while the debt/equity ratio improved to 0.58, reflecting financial strength and stability.
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