Vikran Engineering Limited is set to launch its initial public offering (IPO) in August 2025. Known for executing large infrastructure projects in the power, water, solar and railway sectors, the company aims to raise fresh capital for expansion and working capital requirements. Here’s everything you need to know about Vikran Engineering’s IPO, including dates, price, allotment, listing and market review.
Vikran Engineering IPO Details
- IPO Open Date: August 26, 2025
- IPO Close Date: August 29, 2025
- Price Band: ₹92 – ₹97 per share
- Issue Size: ₹772 crore (₹721 crore fresh issue + ₹51 crore Offer for Sale)
- Lot Size: 148 shares per lot
- Minimum Investment (Retail): ₹13,616
- Listing on: BSE & NSE
- Listing Date: September 3, 2025
Allotment and Listing Schedule
- Basis of Allotment: September 1, 2025
- Refunds & Demat Credit: September 2, 2025
- IPO Listing Date: September 3, 2025
Investors can check their allotment status online through the registrar’s portal after September 1.
Grey Market Premium (GMP)
The grey market premium (GMP) for Vikran Engineering IPO is seeing tremendous demand. According to reports, the GMP is around ₹22 per share, which means the stock may list around ₹119, which is around 22-23% higher than the issue price.
Company Overview
Vikran Engineering is an emerging EPC (engineering, procurement and construction) company. It has completed 45 projects worth ₹1,920 crore across 14 states and is currently operating 44 projects with an order book of ₹2,442 crore.
Financial Highlights (FY25 vs FY24)
- Revenue grew by about 16–17%, from ₹786 crore to ₹916 crore.
- Profit after tax (PAT) rose by around 4%, reaching ₹78 crore.
The company plans to use the majority of the IPO proceeds (₹541 crore) to meet working capital requirements, while the remaining amount will be spent for general corporate purposes. The Offer for Sale (OFS) portion will benefit the existing promoters.
Review – Should You Apply?
Positives
- Strong order book across multiple infrastructure sectors
- Consistent revenue growth
- Healthy GMP signals good listing gains
Risks
- High dependency on government contracts
- Execution challenges in large infrastructure projects
Overall, Vikran Engineering IPO looks attractive for investors seeking short-term listing gains, and also has long-term growth potential if the company continues its strong order book.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before investing.
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