Vikran Engineering Subscription Day 3 

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. 

Vikran Engineering Details 

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. 

Vikran Engineering  Subscription Status

As of now, Vikran Engineering has been subscribed to 23.08 times. Of these, 10.84 times are subscribed by retail investors, 60.18 times by non-institutional investors, and 16.69 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, which is expected to raise around Rs 772.00 crore.

Vikran Engineering GMP Today

We know that higher subscription prices encourage grey market premiums for IPOs. Let’s explore the Vikran Engineering GMP for 29th August 2025. 

The grey market premium for this IPO is 5.15% or Rs 5 per share. It indicates that the estimated listing price per share is Rs 102. Numerous factors played a pivotal role in this jump in Vikran Engineering’s IPO GMP. These include higher subscription rates received, positive market sentiments, and investors’ positive attitude towards IPOs. 

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 company’s financial performance over the past three years to gain an understanding of the expectations for the Vikran Engineering listing. 

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.

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 5.15% 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

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

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