Vikran Engineering makes a lacklustre market debut; Lists at 2.06% premium

Vikran Engineering made a modest stock market debut today. The shares opened at ₹99.70 on the BSE, up 2.78% from the issue price of ₹97. On the NSE, the stock debuted at ₹99, marking a 2% gain. 

Vikran Engineering IPO Details

Vikran Engineering ₹772 crore IPO was a mix of a fresh issue of ₹721 crore and an offer for sale of ₹51 crore. 

During its three-day bidding period, from August 26 to August 29, the IPO captured significant investor interest, particularly from institutional and qualified institutional buyers (QIBs).

The issue was subscribed to 23.59 times overall, with non-institutional investors leading the charge at around 58.58 times. Qualified institutional buyers subscribed about 19.45 times, while the retail portion was booked nearly 10.97 times. 

Vikran Engineering plans to use IPO proceeds to fund working capital requirements and general corporate purposes.  

About Vikran Engineering

Vikran Engineering is one of the fast-growing Indian Engineering, Procurement and Construction (EPC) companies (in terms of revenue growth over FY23-25). On a turnkey basis, the company provides end-to-end services from conceptualisation, design, supply, installation, testing and commissioning. 

Their revenue from operations grew at a CAGR of 32.17%, increasing from ₹524.31 crore in fiscal 2023 to ₹915.85 crore in fiscal 2025.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here