Vikran Engineering IPO Review, Details, Date, Price, GMP, Allotment
The Indian primary market is abuzz with activity, and among the key public offerings making headlines is the Initial Public Offering (IPO) of Vikran Engineering. As a rapidly growing EPC (Engineering, Procurement, and Construction) company, Vikran Engineering is looking to raise funds to fuel its expansion and working capital needs. This blog post provides a comprehensive review of the Vikran Engineering IPO, covering all the essential details for prospective investors.
About the Company
Established in 2008, Vikran Engineering Limited is a fast-growing EPC company with a diversified portfolio of projects. The company specializes in providing end-to-end services, from conceptualization and design to supply, installation, testing, and commissioning. Its strong presence is felt across various sectors, including power transmission & distribution, water infrastructure, and railway projects. With a solid track record of successfully completed projects and a robust order book, the company has demonstrated impressive growth, outperforming many of its peers in the industry.
Vikran Engineering's key strengths lie in its in-house technical and engineering capabilities, a systematic approach to project execution, and a strong list of government and public sector clients, including major names like NTPC and Power Grid Corporation of India.
Vikran Engineering IPO Summary
| IPO Activity | Date |
|---|---|
| IPO Open Date | August 26, 2025 |
| IPO Close Date | August 29, 2025 |
| Basis of Allotment Finalization | September 1, 2025 (Tentative) |
| Initiation of Refunds | September 2, 2025 (Tentative) |
| Credit of Shares to Demat Account | September 2, 2025 (Tentative) |
| IPO Listing Date | September 3, 2025 (Tentative) |
Vikran Engineering IPO Price and Lot Size
| Details | Information |
|---|---|
| Price Band | ₹92 to ₹97 per equity share |
| Minimum Lot Size (Retail) | 148 shares |
| Minimum Investment (Retail) | ₹14,356 |
Vikran Engineering IPO Objectives
The funds raised from the fresh issue will primarily be used for:
- Funding the company's working capital requirements.
- General corporate purposes.
Vikran Engineering Financials (₹ in Crores)
| Financial Year | Total Revenue | PAT | EBITDA |
|---|---|---|---|
| FY 2025 | 922.36 | 77.82 | 160.24 |
| FY 2024 | 791.44 | 74.83 | 133.30 |
| FY 2023 | 529.18 | 42.84 | 79.71 |
A quick look at the company's financials reveals a strong growth trajectory. Vikran Engineering has shown a commendable increase in both revenue and profit after tax in recent fiscal years. Its robust order book and diversified project portfolio are positive indicators of its future growth prospects. While some analyses point to concerns regarding working capital management, the company's plan to utilize the IPO proceeds to address this issue is a strategic move to strengthen its financial position. The IPO valuation appears attractive when compared to many of its larger listed peers, making it a compelling option for investors.
Vikran Engineering IPO Allotment Status
Once the IPO subscription period closes, the company will finalize the basis of allotment. This is the process through which shares are allocated to successful bidders. Investors who have applied for the IPO can check their allotment status on the registrar's website, which for this issue is Bigshare Services Pvt. Ltd. The allotment is expected to be finalized on September 1, 2025. Following the allotment, refunds will be initiated for non-allottees, and shares will be credited to the demat accounts of those who receive an allotment.
Vikran Engineering GMP (Grey Market Premium)
The Grey Market Premium (GMP) is an unofficial indicator that reflects the market's sentiment towards an IPO before its official listing. As of the latest reports, the GMP for Vikran Engineering is strong, indicating a healthy listing gain potential for investors. The GMP of a stock is highly volatile and can change daily, so it's crucial to track it regularly for the most up-to-date information. A positive GMP suggests that the stock could list at a premium to its issue price.
Conclusion: Should You Apply?
The Vikran Engineering IPO presents an opportunity to invest in a fast-growing EPC company with a strong foundation and a healthy order book. The company's focus on essential infrastructure sectors like power and water, combined with its impressive financial performance, makes it an interesting proposition. While the decision to invest should always be based on your own risk appetite and financial goals, the strong GMP and a favorable valuation compared to peers make this IPO worth considering. As with any investment, it is advisable to conduct thorough due diligence and consult with a financial advisor before applying.
Disclaimer:
This post is for informational purposes only. Please do your own research before investing. IPO investments are subject to market risks.
Frequently Asked Questions (FAQ)
1. What is the business of Vikran Engineering Limited?
Vikran Engineering is an Engineering, Procurement, and Construction (EPC) company. It specializes in providing integrated services for infrastructure projects, including power transmission and distribution, water supply, and railway infrastructure. The company manages the entire project lifecycle from design and engineering to execution and commissioning.
2. When will the Vikran Engineering IPO open and close for subscription?
The IPO is scheduled to open for subscription on August 26, 2025, and will close on August 29, 2025.
3. What is the price band for the Vikran Engineering IPO?
The price band for the IPO has been set at ₹92 to ₹97 per equity share.
4. What is the minimum investment for a retail investor in this IPO?
A retail investor needs to apply for a minimum of one lot, which consists of 148 shares. At the upper price band of ₹97 per share, the minimum investment would be ₹14,356.
5. How can I check the Vikran Engineering IPO allotment status?
The allotment status is expected to be finalized on September 1, 2025. You can check the status online on the official website of the IPO registrar, which is Bigshare Services Pvt. Ltd. You will need your PAN number, application number, or DP/Client ID to check the status.
6. What is GMP and what does it mean for the IPO?
GMP stands for Grey Market Premium. It is the unofficial price at which an IPO's shares trade in the over-the-counter grey market before their official listing. A positive GMP suggests that the market expects the shares to list at a premium to the issue price. However, GMP is not a reliable indicator and can fluctuate significantly.
7. When will Vikran Engineering shares be listed on the stock exchange?
The shares of Vikran Engineering are tentatively scheduled to be listed on the BSE and NSE on September 3, 2025.
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