Vikran Engineering Ltd.’s IPO is a book-built issue worth ₹772 crore, comprising a fresh issue of ₹721 crore and an offer-for-sale of ₹51 crore. The price band is set at ₹92–₹97 per share. Bidding opens on August 26, 2025, and closes on August 29, 2025. The shares are expected to be listed on BSE & NSE on September 3, 2025.
Vikran Engineering IPO – Day 1 Subscription Status
Vikran Engineering IPO was subscribed 2.51× on Day 1. The public issue received 2.44× subscription in the Retail Individual Investors (RII) category, 0.43× in Qualified Institutional Buyers, and 5.43× in the Non-Institutional Investors (NII) category as of Day 1, i.e., August 26, 2025.
| Investors Category | Subscription (×) |
|---|---|
| Qualified Institutional Buyers (QIB) | 0.43 |
| Non-Institutional Investors (NII) | 5.43 |
| bNII (above ₹10 lakh) | 5.76 |
| sNII (less than ₹10 lakh) | 4.78 |
| Retail Individual Investors (RII) | 2.44 |
| Total Subscriptions | 2.51 |
Total Applications: 3,91,425
Total Bid Amount: ₹1,356 Cr.
Objective of the Vikran Engineering IPO
Vikran Engineering plans to channel the IPO proceeds towards strengthening its working capital, giving the company the financial flexibility to power daily operations and future growth, while also setting aside funds for general corporate purposes.
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding working capital requirements of the Company | 541.00 |
| General corporate purposes | – |
Vikran Engineering IPO GMP – Day 1 Update
| Date | GMP | Est. Listing Price | Gain |
|---|---|---|---|
| August 26, 2025 (Day 1) | ₹12 | ₹109 | 12.37% |
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Vikran Engineering Ltd. IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Opening Date | August 26, 2025 |
| IPO Closing Date | August 29, 2025 |
| Price Band | ₹92–₹97 per share |
| Total Issue Size | ₹772 crore (Fresh: ₹721 Cr; OFS: ₹51 Cr) |
| Lot Size | 148 shares |
| Listing Platform | BSE & NSE |
| Registrar | Bigshare Services Pvt. Ltd. |
Important Dates for Vikran Engineering IPO Allotment
| Event | Date |
|---|---|
| Tentative Allotment | September 1, 2025 |
| Initiation of Refunds | September 2, 2025 |
| Credit of Shares to Demat | September 2, 2025 |
| Listing Date on BSE & NSE | September 3, 2025 |
Vikran Engineering Ltd. Overview
Vikran Engineering Ltd., incorporated in 2008, is a growing EPC company with expertise in power, water, railways, and solar projects. It has completed 45 projects across 14 states and is executing 44 ongoing projects worth over ₹51,202 million. Key clients include NTPC, Power Grid Corporation, and various state utilities. With a diversified order book of ₹24,424 million and 761 employees, the company ensures quality and timely delivery. Financially, it reported 17% revenue growth and 4% PAT rise in FY25.
Easy Steps to Apply for Vikran Engineering IPO via Pocketful
Step 1: Install the Pocketful app from Play Store or App Store.
Step 2: Complete your KYC process.
Step 3: Go to the IPO section on the app.
Step 4: Find “Vikran Engineering” in the IPO list.
Step 5: Tap Apply and enter your bid details.
Frequently Asked Questions (FAQs)
What are the opening and closing dates of Vikran Engineering IPO?
Opens August 26, 2025, and closes August 29, 2025.
What is the price band for the IPO?
Price range is ₹92–₹97 per share.
What is the total issue size of the IPO?
Total issue size is ₹772 crore (Fresh: ₹721 Cr; OFS: ₹51 Cr).
When will the shares be listed?
Listing expected on September 3, 2025, on BSE & NSE.
What are the IPO objectives?
Proceeds will fund working capital and general corporate needs.
