Vikran Engineering IPO: GMP, Price Band, Lot Size, Allotment, Listing & More
IPO Ji brings you the most detailed coverage of Vikran Engineering IPO including GMP today, IPO dates, price band, lot size, issue details, company financials, competitive strengths, risks, allotment process, refund, and listing updates.
Vikran Engineering IPO will be among the most expected public offerings in August 2025. The company has a robust background in terms of Engineering, Procurement, and Construction (EPC) work in sectors such as power transmission, water infrastructure, railways and solar power, and the firm would have a noteworthy entry in the market, investors eager to hear about the Vikran Engineering IPO details, GMP, allotment, and listing-related information.
Vikran Engineering IPO Details
- IPO Type: Book Build Issue
- Issue Size: ₹772 crore
- Fresh Issue: ₹721 crore (7.43 crore shares)
- Offer for Sale (OFS): ₹51 crore (0.53 crore shares)
- Price Band: ₹92 – ₹97 per share
- Face Value: Re 1 per equity share
- Lot Size: 148 shares per lot
- Minimum Investment (Retail): ₹14,356
- sNII (Small HNI) Investment: 14 lots = ₹2,00,984
- bNII (Big HNI) Investment: 70 lots = ₹10,04,920
- Listing Exchange: BSE, NSE
- Lead Managers: Pantomath Capital Advisors & Systematix Corporate Services
- Registrar: Bigshare Services Pvt. Ltd.
Vikran Engineering IPO Dates
Vikran Engineering IPO Allotment Process
The Vikran Engineering IPO allotment date is September 1, 2025. Investors can check allotment status online through:
- IPO Ji Vikran Engineering IPO Allotment
- BSE IPO Allotment Portal
- Registrar (Bigshare Services Pvt. Ltd.) Website
Vikran Engineering IPO Refund & Listing Updates
- Refunds will be initiated on September 2, 2025.
- Shares will be credited to demat accounts on the same day.
- The Vikran Engineering share listing date is September 3, 2025, on both BSE and NSE.
About Vikran Engineering Limited
Vikran Engineering Limited, incorporated in 2008, is a fast-growing Engineering, Procurement, and Construction (EPC) company in India. The company specializes in executing power transmission and distribution projects, water infrastructure projects, railway EPC projects, and solar energy EPC contracts.
Over the years, Vikran Engineering Limited has built a strong reputation for timely execution, quality engineering, and an asset-light business model, making it one of the trusted EPC players in the Indian infrastructure sector.
Vikran Engineering Business Model
The Vikran Engineering business model is centered around EPC contracts with government and public sector enterprises. The company undertakes design, procurement, engineering, and execution of large-scale infrastructure projects. By following an asset-light approach, it minimizes heavy capital investments while focusing on project management, technical expertise, and execution efficiency.
This model has helped the company expand its order book consistently without significant balance sheet stress.
Vikran Engineering Projects
As of June 30, 2025, Vikran Engineering Limited projects portfolio includes:
- Completed Projects: 45 projects across 14 states, with a total executed contract value of ₹19,199.17 million.
- Ongoing Projects: 44 projects across 16 states, with an aggregated order value of ₹51,202.07 million.
- Order Book: ₹24,424.39 million, ensuring strong visibility of future revenues.
The company’s projects span across power transmission lines, underground water distribution systems, surface water extraction facilities, overhead storage tanks, railway infrastructure works, and solar EPC installations.
Vikran Engineering Key Clients
Vikran Engineering Limited clients include some of the most prestigious government and PSU organizations in India:
- NTPC Limited
- Power Grid Corporation of India Limited (PGCIL)
- South Bihar Power Distribution Company Ltd.
- North Bihar Power Distribution Company Ltd.
- Transmission Corporation of Telangana Limited (TSTRANSCO)
- Other state-level power and water utilities
The company’s long-term association with these reputed clients highlights its credibility and strong execution capability.
Vikran Engineering Service Verticals
- Power Transmission and Distribution
- Expertise in Extra High Voltage (EHV) substations up to 400kV.
- Execution of large-scale power distribution networks across multiple states.
- Water Infrastructure
- Projects include underground water pipelines, surface water extraction systems, and overhead water storage tanks.
- Focused on providing sustainable solutions for urban and rural water supply systems.
- Railway Infrastructure
- Railway EPC projects including electrification, signaling, and allied civil works.
- Solar Energy EPC
- Emerging player in renewable energy EPC projects with a growing portfolio in solar power installations.
Vikran Engineering Competitive Strengths
- One of the fastest-growing EPC companies in India with timely project delivery.
- Diversified order book across power, water, railway, and solar EPC verticals.
- Asset-light model allowing scalable operations without heavy capital expenditure.
- Strong in-house technical capabilities, quality assurance systems, and engineering expertise.
- Experienced promoters and management team with proven domain knowledge.
Vikran Engineering Financial Performance
While detailed financials are provided in the IPO prospectus, the Vikran Engineering financial growth is supported by:
- Increasing revenue visibility from a strong order book.
- Consistent growth in project execution across multiple states.
- Healthy client portfolio reducing dependency on a single sector.
The company’s EPC model, strong balance sheet management, and project diversification make it a stable and scalable infrastructure company.
Vikran Engineering IPO Review – Should You Apply?
The Vikran Engineering IPO review indicates that the company’s strong project pipeline, diversified order book, government-backed clients, and experienced management make it a compelling long-term bet.
- For Listing Gains: Monitor the Vikran Engineering IPO GMP trend before applying. If GMP stays positive, short-term gains look possible.
- For Long-Term Investors: With increasing focus on power infrastructure, water projects, and renewable energy, Vikran Engineering has strong growth potential.
IPO Ji suggests investors with moderate to long-term outlook consider applying in Vikran Engineering IPO 2025.
Vikran Engineering IPO FAQs
Q1. What is Vikran Engineering IPO?
Vikran Engineering IPO is a book build issue of ₹772 crore, consisting of a fresh issue of ₹721 crore and an offer for sale (OFS) worth ₹51 crore.
Q2. What is the Vikran Engineering IPO price band?
The price band of Vikran Engineering IPO has been set at ₹92 to ₹97 per equity share of face value Re 1.
Q3. What is the Vikran Engineering IPO lot size?
The IPO lot size is 148 shares.
- Minimum retail investment = ₹14,356
- sNII (small HNI) = 14 lots = 2,072 shares (₹2,00,984)
- bNII (big HNI) = 70 lots = 10,360 shares (₹10,04,920)
Q4. When does the Vikran Engineering IPO open and close?
The IPO opens on August 26, 2025 and closes on August 29, 2025.
Q5. What is the Vikran Engineering IPO allotment date?
The basis of allotment for Vikran Engineering IPO will be finalized on September 1, 2025.
Q6. How to check Vikran Engineering IPO allotment status?
Investors can check allotment status through:
- BSE IPO Allotment Portal
- Registrar Bigshare Services Pvt. Ltd. Website
Q7. When will refunds be initiated for Vikran Engineering IPO?
Refunds for non-allottees will be initiated on September 2, 2025.
Q8. When will Vikran Engineering IPO shares be credited to Demat account?
Shares will be credited to Demat accounts on September 2, 2025.
Q9. What is the Vikran Engineering IPO listing date?
The company will list on BSE and NSE on September 3, 2025.
Q10. What is the Vikran Engineering IPO GMP today?
The Grey Market Premium (GMP) of Vikran Engineering IPO changes daily. IPO Ji will provide live GMP updates before listing.
Q11. What is the retail investor quota in Vikran Engineering IPO?
Not less than 35% of the shares are reserved for retail investors.
Q12. Who are the lead managers of Vikran Engineering IPO?
The book running lead managers are:
- Pantomath Capital Advisors
- Systematix Corporate Services
Registrar: Bigshare Services Pvt. Ltd.
Q13. What will the Vikran Engineering IPO funds be used for?
Proceeds from the fresh issue will be used for:
- Working capital requirements
- General corporate purposes
Q14. What does Vikran Engineering Limited do?
Incorporated in 2008, Vikran Engineering Limited is an EPC company engaged in:
- Power transmission & distribution projects
- Water infrastructure (pipelines, tanks, extraction)
- Railway electrification & EPC projects
- Solar EPC projects
