Vikran Engineering IPO
Vikran Engineering IPO is listed on BSE and NSE, priced at ₹92–₹97 per share. The stock debuted at ₹99, delivering a listing gain of 2.1%. The IPO had a lot size of ₹148 shares and a minimum investment of ₹14,356.
Vikran Engineering Limited IPO
- IPO Dates
- Aug 26, 2025 – Aug 29, 2025
- Price band
- ₹92-97 per equity share
- Minimum Investment
- ₹14,356
- Issue size
- ₹772 Cr
- Lot size
- 148
- Allotment Date
- Sep 1, 2025
- Listing
- Sep 3, 2025
- Listing At
- BSE, NSE
IPO timeline
-
Aug 26, 2025
Open Date
Completed
-
Aug 29, 2025
Close Date
Completed
-
Sep 1, 2025
Allotment Date
Completed
-
Sep 3, 2025
Listing Date
Completed
Price Summary
- Last closing
- 69.99 (-27.85%)
- 52 week high
- 118.40
- 52 week low
- 51.10
- Last update
Vikran Engineering IPO Subscription Details
View Subscription DetailsVikran Engineering IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Vikran Engineering IPO Essentials
Vikran Engineering IPO Details
Vikran Engineering IPO is priced at ₹92-97 per share with a total issue size of 772 crore. The IPO has a lot size of 148 shares and is listed on BSE and NSE.
- Issue price
- ₹92-97 per equity share
- Lot size
- 148 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- Total 772.00 Cr :
#Fresh Issue : 7,43,29,896 shares(aggregating up to ₹721.00 Cr) +
#OFS : 52,57,731 shares of ₹1(aggregating up to ₹51.00 Cr) - Total issue size
- 7,95,87,627 shares
(aggregating up to ₹772 crore) - Fresh issue
- 7,43,29,896 shares
(aggregating up to ₹721 crore) - Offer for sale (OFS)
- 52,57,731 shares
(aggregating up to ₹51 crore) - Listing at
- BSE, NSE
- List price
- 99.0(NSE)
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Pantomath Capital Advisors Pvt Ltd, Systematix Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 148 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 148 | ₹14,356 |
| Retail(max) | 13 | 1,924 | ₹1,86,628 |
| sHNI(min) | 14 | 2,072 | ₹2,00,984 |
| sHNI(max) | 69 | 10,212 | ₹9,90,564 |
| sHNI(min) | 70 | 10,360 | ₹10,04,920 |
Vikran Engineering IPO Reservation
Vikran Engineering IPO reservation details show category-wise allocation of shares. Out of the total 7,95,87,628 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 2,38,76,287 (30%) | |
| QIB Shares Offered | 1,59,17,527 (20%) | |
| NII (HNI) Shares Offered | 1,19,38,144 (15%) | |
| bHNI > ₹10L | 79,58,763 (10%) | 3841 |
| sHNI < ₹10L | 39,79,381 (5%) | 1920 |
| Retail Shares Offered | 2,78,55,670 (35%) | 188213 |
| Total Shares Offered | 7,95,87,628 (100%) |
Vikran Engineering IPO Analytics
Vikran Engineering IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Vikran Engineering IPO Subscription Status
Vikran Engineering IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 24.87x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,97,93,814 |
1,19,38,144
79,58,763
39,79,381
|
2,78,55,670 | 5,57,11,341 |
|
Day 1
26-08-25 05:00 PM
|
0.41 x |
5.15x
5.47x
4.53x
|
2.32 x | 2.38 x |
|
Day 2
28-08-25 05:00 PM
|
0.91 x |
11.03x
11.08x
10.93x
|
5.23 x | 5.24 x |
|
Day 3
29-08-25 05:00 PM
|
19.45 x |
58.56x
66.71x
42.25x
|
10.91 x | 23.56 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 1981679 (Approx) | 13.89x | 43.27x | 9.8x |
Vikran Engineering Valuations
Earnings
- EPS Pre IPO
- ₹4.24/-
- EPS Post IPO
- ₹3.02/-
- P/E Pre IPO
- 22.88
- P/E Post IPO
- 32.15
Returns
- ROE
- 16.63%
- ROCE
- 23.34%
- RoNW
- 16.63%
- PAT Margin
- 8.44%
Fundamentals
- Debt / Equity
- 0.58
- Price / Book
- 3.81
Vikran Engineering Financials( In Crs.)
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 1,354.68 | 959.79 | 712.47 |
| Revenue | 922.36 | 791.44 | 529.18 |
| Profit After Tax | 77.82 | 74.83 | 42.84 |
| Net Worth | 467.87 | 291.28 | 131.14 |
| Reserves & Surplus | 449.52 | 290.95 | 130.85 |
| Total Borrowing | 272.94 | 183.39 | 154.92 |
Vikran Engineering Company & Offer Insights
About Vikran Engineering
Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) entity.The projects of the company include underground water distribution and surface water extraction, overhead tanks, and distribution networks.
Service Sectors:
Power Transmission and Distribution: Experts in extra-high voltage (EHV) substations up to 400kV and integrated power distribution solutions.
Water Infrastructure: Involved in underground water distribution, surface water extraction, overhead tanks, and distribution network projects.
Railway Infrastructure: Offering services in railway infrastructure projects.
Solar Energy: Increasing presence in solar EPC projects.
As of August 31, 2024, we have executed 44 projects in 11 states with a total executed contract value of Rs 18,958.14 million. As of August 31, 2024, we have 34 projects under execution in 17 states, aggregating orders of Rs 39,570.55 million, of which the Order Book is Rs 19,557.00 million.
The clients of the company in the government industry are 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 others.
The company has pan-India operations backed by 195 sites and store locations up to August 31, 2024. The company provide a variety of EPC services that meet the individual requirements of our customers pan-India.
Vikran Engineering Promoter(s)
Rakesh Ashok Markhedkar, Avinash Markhedkar, Nakul Markhedkar are the company's promoters of Vikran Engineering.
Vikran Engineering IPO Issue Objectives
- •
- Funding working capital requirements of the Company.
- •
- General corporate purposes.
Vikran Engineering IPO - Anchor Investors
Vikran Engineering mops up Rs 231.6 crore through anchor investors prior to IPO.
Bank of India Mutual Fund, ITI Mutual Fund, Nippon India, LC Pharos Multi Strategy Fund, SBI General Insurance Company, Samco Mutual Fund, 360 ONE, IMAP India, and Societe Generale were few among the 13 investors who put in their bids during the anchor book.
Vikran Engineering IPO - Strengths and Risks
Vikran Engineering IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Vikran Engineering
+91-22-62638263
companysecretary@vikrangroup.com
401, Odyssey I.T. Park,, Road No. 9, Wagle Industrial Estate, Thane (W) – 400604
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Vikran Engineering IPO is a book-built IPO worth ₹772 crore. The price band is ₹92–₹97 per share. The IPO opens on Aug 26, 2025 and closes on Aug 29, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The price band of Vikran Engineering IPO is ₹92 to ₹97 per share.
The lot size of Vikran Engineering IPO is 148 shares.
The minimum investment for Vikran Engineering IPO is approximately ₹14,356 based on the upper price band .
Vikran Engineering IPO opens on Aug 26, 2025 and closes on Aug 29, 2025.
The allotment date of Vikran Engineering IPO is Sep 1, 2025.
Vikran Engineering IPO is expected to be listed on Sep 3, 2025, on BSE and NSE .
Vikran Engineering IPO listed on Sep 3, 2025. It was issued at ₹99.0(NSE) and is currently around ₹69.99 as on 15-Jun-2026 3:30 PM, which is approximately -27.8% versus issue price. The 52-week high is ₹118.40.
Based on listing and post-listing performance, Vikran Engineering IPO delivered around -27.8% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Vikran Engineering IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Vikran Engineering IPO valuation snapshot: P/E 32.15, EPS ₹3.02/-, P/B 3.81, RoNW 16.63%, and market cap N/A.
To apply for Vikran Engineering IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Vikran Engineering IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Vikran Engineering IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Vikran Engineering IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Vikran Engineering IPO allotment status on IPO Ji for quick and easy access.