Vikran Engineering

Vikran Engineering

Mainboard

₹14,356 / 148 Shares

Offer Date:Aug 26, 2025 - Aug 29, 2025

IPO Live Subscription Details (times)

Date:29 Aug 2025,06:45:00 PM
QIBs:19.45
NII:Bids above ₹10L: 66.71x
Bids below ₹10L: 42.32x
NII Total: 58.58
Retail:10.97x
Total:23.59 times

IPO Details

Vikran Engineering IPO is priced between ₹92-97 per equity share, with a face value of ₹1 per share. The company's equity shares will be listed on the Mainboard, and Bigshare Services Pvt Ltd is managing the issue as the registrar.

The IPO bidding period opened on 26 Aug, 2025, and closed on 29 Aug, 2025. The allotment results will be announced on 1 Sep, 2025, with a tentative listing date set for 3 Sep, 2025.

The total issue comprises Total 772.00 Cr :#Fresh Issue : 7,43,29,896 shares, amounting to ₹721.00 Cr.

Vikran Engineering IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Aug 26, 2025 - Aug 29, 20253 Sep, 2025₹1 Per Equity Share₹92-97 per equity share148 Shares7,43,29,896 Shares 52,57,731 shares of ₹1BSE, NSE

Vikran Engineering IPO Timeline

IPO Open Date
26 Aug, 2025
IPO Close Date
29 Aug, 2025
Basis of Allotment
1 Sep, 2025
Listing Date
3 Sep, 2025

Issue Price

₹92-97 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

Market Lot

Retail: 148 Shares (₹14,356/-)
S-HNI: 2,072 Shares (₹2,00,984/-)
B-HNI: 10,360 Shares (₹10,04,920/-)

Lead Manager

Pantomath Capital Advisors Pvt LtdSystematix Corporate Services Limited

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)

Retail Portion

35% (Number of Retail Applications: 1,88,214 Approx),(Number of S-HNI Applications : 1,921 Approx),(Number of B-HNI Applications : 3,841 Approx)

Subscription

23.56 times

Vikran Engineering IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 251354.68922.3677.82467.87449.52272.94
31 Mar 24959.79791.4474.83291.28290.95183.39
31 Mar 23712.47529.1842.84131.14130.85154.92

All values are in ₹ Cr.

Vikran Engineering IPO Valuations

EPS PRE IPO

₹4.24/-

EPS POST IPO

₹3.02/-

PE PRE IPO

22.88

PE POST IPO

32.15

ROE

16.63%

ROCE

23.34%

DEBT EQUITY

0.58

RONW

16.63%

PAT MARGIN

8.44%

PRICE TO BOOK VALUE

3.81

About Company

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.

Read More

Vikran Engineering IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved3,97,93,814
1,19,38,144

79,58,763    39,79,381
2,78,55,6705,57,11,341
Day 1 - 26-08-25 05:00 PM0.41 x
5.15

5.47 x   4.53 x
2.32 x2.38 x
Day 2 - 28-08-25 05:00 PM0.91 x
11.03

11.08 x   10.93 x
5.23 x5.24 x
Day 3 - 29-08-25 05:00 PM19.45 x
58.56

66.71 x   42.25 x
10.91 x23.56 x
Total No. of Applications:19,62,620 (Approx)
Retail Subscription:

Retail:9.7x

BHNI:13.0x

SHNI:42.0x times

Vikran Engineering IPO - Issue Objectives

  1. Funding working capital requirements of the Company.
  2. General corporate purposes.
Company Contact Details

Vikran Engineering

401, Odyssey I.T. Park,, Road No. 9, Wagle Industrial Estate, Thane (W) – 400604
Registrar Contact Details

Bigshare Services Pvt Ltd