Vikran Engineering Subscription Day 1

Updated: 26 Aug 2025 • 9:27 pm

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Here, Vikran Engineering launched on 26th August 2025. The issue will be closed for bidding today, on 29th August 2025. The primary aim of Vikran Engineering is to raise ₹772.00 crores from the market. Also, Vikran Engineering has received an impressive level of subscription, which indicates that shares will be listed at an impeccable premium. Scroll down to check the Vikran Engineering subscription and details.

Table of Contents

Vikran Engineering Details

IPO Open Date	26th August 2025
Face Value	₹1 per share
Price Band	₹92 to 97 per share
Lot Size	148 Shares
Issue Type	Bookbuilding IPO
Listing At	BSE and NSE
IPO Close Date	29th August 2025
Listing Date	3rd September 2025

The price band for Vikran Engineering has been prescribed as ₹92 to ₹97 per share, with a total of 7,95,87,628 shares issued. Let's segregate the share quota fixed for different categories of investors.

Categories	Shares Offered	% Shares offered
QIB Shares Offered	3,97,93,814	50.00%
NII (HNI) Shares Offered	1,19,38,144	15.00%
Retail Investors	2,78,55,760	35.00%
Total Shares Offered	7,95,87,628	100.00%

Vikran Engineering Subscription Status

As of now, Vikran Engineering has been subscribed to 2.51 times. Of these, 2.44 times are subscribed by retail investors, 5.43 times by non-institutional investors, and 0.43 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of the Vikran Engineering listing on 3rd September 2025. Vikran Engineering also has a positive outlook behind the fresh issue of 7.43 crore shares to raise around Rs 772.00crores.

Vikran Engineering GMP Today

We know that higher subscriptions encourage grey market premiums for the IPOs. Let’s explore the Vikran Engineering GMP for 26th August 2025.

The grey market premium for this IPO is 12.37% or Rs 12 per share. It indicates that the estimated listing price per share is Rs 109. Numerous factors played a pivotal role in this jump in Vikran Engineering's IPO GMP. These include higher subscriptions received, positive market sentiments, and investors' positive attitude towards IPO.

About Vikran Engineering Ltd.

Vikran Engineering Limited was incorporated in 2008 and is based in Maharashtra. VIKRAN stands as one of the fast-growing Indian Engineering, Procurement and Construction (EPC) companies, boasting a rapid growth trajectory with a targeted turnover of 500 Cr. (FY 19-20. Vikran Engineering Limited plays a significant role in building India's infrastructure, including water supply, and works on major projects in power lines and railway electrification. The company offers a turkey solution from design and conception to commissioning and installation, and serves the government and public sector entities across 17 indian states.

Financial Performance

Assess the financial performance of the company for the past three years to get an idea of the expectations for the Vikran Engineering listing.

Year Ended	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	1,354.68	959.79	712.47
Revenue	922.36	791.44	529.18
Profit After Tax	77.82	74.83	42.84
EBITDA	160.24	133.30	79.71
Net Worth	467.87	291.28	131.14
Reserve and surplus	449.52	290.95	130.85
Total Borrowing	272.94	183.39	154.92

Explanation

Vikran Engineering Limited's revenue increased by 17% from ₹791.44 crores in March 2024 to ₹922.36 crores in March 2025. Moreover, the company's PAT rose by 4% from ₹74.83 crores to ₹77.82 crores.

Technical Indicators

Several technical indicators are available to assess a company's potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of Vikran Engineering.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	22.88
EPS (Earnings Per Share)	4.24
RoNW	16.63%
ROCE	23.34%
ROE	16.63%
EBITDA Margin	17.50%
Price to Book Value	3.81
Market Capitalisation	₹2501.74 Cr

Vikran Engineering Listing Expectations

Vikran Engineering: IPO allotment is still pending as the bid will be closed today. However, as per the current GMP or market sentiments, it is appropriate to expect higher listing gains from the share. A jump of 12.37% in Vikran Engineering GMP indicates that the estimated listing price per share will be somewhere around Rs 109.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ best recommendations for the long term.

Vikran Engineering Dates

IPO Open Date	26th August 2025
IPO Close Date	29th August 2025
Allotment	1st September 2025
Refund Date	2nd September 2025
IPO Listing Date	3rd September 2025

Note: Vikran IPO GMP is volatile based on market sentiment. Hence, one should conduct their research before investing in it.