Vikran Engineering IPO: Price, Date, Listing & Review 2025
20 August 2025 · Sachin Gadekar
Complete Guide on Vikran Engineering IPO Price, Date, Listing & Review
Introduction
The Vikran Engineering IPO is drawing attention from investors looking to gain exposure to the engineering, procurement, and construction (EPC) sector in India. The company has a strong presence across power transmission, water infrastructure, railway projects, and solar EPC, making it a diversified player in critical infrastructure development.
Investors are closely tracking the Vikran Engineering IPO date, price band, share price, listing price, and reviews. In this article, we cover everything you need to know about this IPO, including lot sizes, financials, competitive strengths, and allotment details.
Vikran Engineering IPO Details
| Particulars | Details |
|---|---|
| IPO Date | August 26, 2025 to August 29, 2025 |
| Listing Date | September 3, 2025 (Tentative) |
| Face Value | ₹1 per share |
| Issue Size | ₹772 crore (7,95,87,627 shares) |
| Issue Price Band | ₹92 to ₹97 per share |
| Lot Size | 148 shares |
| Minimum Investment (Retail) | ₹13,616 |
| Sale Type | Fresh Issue-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Book Running Lead Manager | Pantomath Capital Advisors Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Shareholding Pre-Issue | 18,35,81,130 shares |
| Shareholding Post-Issue | 25,79,11,026 shares |
Vikran Engineering IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% |
| Retail | Not less than 35% |
| NII | Not less than 15% |
Vikran Engineering IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open Date | August 26, 2025 |
| IPO Close Date | August 29, 2025 |
| Tentative Allotment | September 1, 2025 |
| Refunds Initiation | September 2, 2025 |
| Credit of Shares to Demat | September 2, 2025 |
| Tentative Listing Date | September 3, 2025 |
| Cut-off Time for UPI Mandate | August 29, 2025 (5 PM) |
Vikran Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 148 | ₹14,356 |
| Retail (Max) | 13 | 1,924 | ₹1,86,628 |
| S-HNI (Min) | 14 | 2,072 | ₹2,00,984 |
| S-HNI (Max) | 69 | 10,212 | ₹9,90,564 |
| B-HNI (Min) | 70 | 10,360 | ₹10,04,920 |
About Vikran Engineering Ltd.
Incorporated in 2008, Vikran Engineering Limited is an EPC company engaged in delivering high-quality infrastructure projects across power transmission, water, railway, and solar energy sectors.
Key Service Sectors:
Power Transmission & Distribution: Specialized in EHV substations up to 400kV and comprehensive distribution solutions.
Water Infrastructure: Underground water distribution, surface water extraction, overhead tanks, and pipelines.
Railway Infrastructure: EPC solutions for railway construction and maintenance projects.
Solar Energy: Expanding EPC services for solar energy projects.
As of June 30, 2025:
Completed 45 projects across 14 states with total executed contract value of ₹19,199.17 million.
Ongoing 44 projects across 16 states aggregating ₹51,202.07 million, with an order book of ₹24,424.39 million.
The company serves prominent government clients like NTPC Limited, Power Grid Corporation, Transmission Corporation of Telangana, North Bihar & South Bihar Power Distribution Companies, among others.
Competitive Strengths
Fast-growing EPC company with proven execution capabilities.
Diversified order book across multiple business verticals.
Asset-light operational model.
In-house technical and engineering expertise with strong quality control.
Experienced promoters and management team with domain knowledge.
Vikran Engineering IPO Financials (₹ in Crores)
| Particulars | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Assets | 1,354.68 | 959.79 | 712.47 |
| Total Income | 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 |
| Reserves & Surplus | 449.52 | 290.95 | 130.85 |
| Total Borrowing | 272.94 | 183.39 | 154.92 |
Vikran Engineering IPO Review
Strengths:
Diversified business across critical infrastructure sectors.
Consistent financial performance and strong balance sheet.
Experienced management and operational efficiency.
Strong government client base ensuring steady order flow.
Risks:
Sector dependence on government projects and approvals.
Competition from other EPC and construction companies.
Sensitive to raw material and labor cost fluctuations.
Overall, the IPO is considered suitable for long-term investors due to its diversified operations and strong fundamentals.
Vikran Engineering IPO Listing & Share Price
The Vikran Engineering IPO listing price is expected to be influenced by demand, sector performance, and market conditions.
Early investors in similar EPC IPOs have observed potential listing gains on a well-performing IPO, though actual performance may vary.
Final Thoughts
The Vikran Engineering IPO offers investors an opportunity to participate in a fast-growing EPC sector company with a diversified order book and a proven track record. With strong financials, experienced promoters, and a solid client base, it is a promising IPO for those looking to invest in infrastructure growth.
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