Vikran Engineering IPO Date, Review, Price, Allotment Details, GMP

Vikran Engineering

Mainboard

₹14,356 / 148 Shares

Offer Date:Aug 26, 2025 - Aug 29, 2025

Category	Subscription (Times)
Date	29 Aug 2025,06:45:00 PM
QIBs	19.45
NII	Bids above ₹10L: 66.71 times Bids below ₹10L: 42.32 times NII Total: 58.58
Retail	10.97 times
Total	23.59 times

Vikran Engineering IPO Details

The Vikran Engineering IPO price band is set between ₹92-97 per equity share, with a face value of ₹1 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 26 Aug, 2025 and closes on 29 Aug, 2025. Investors can check the allotment status on 1 Sep, 2025, while the listing date is tentatively scheduled for 3 Sep, 2025.

The total issue size is Total 772.00 Cr :#Fresh Issue : 7,43,29,896 shares, aggregating up to ₹721.00 Cr. Stay tuned for the latest Vikran Engineering IPO review and GMP updates.

Vikran Engineering IPO Review, Rating & Analysis

Vikran Engineering IPO Review

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Vikran Engineering IPO Rating

Vikran Engineering IPO Highlights

IPO Date

Aug 26, 2025 - Aug 29, 2025

Listing Date

3 Sep, 2025

Face Value

₹1 Per Equity Share

Price Band

₹92-97 per equity share

Lot Size

148 Shares

Fresh Issue

7,43,29,896 Shares

Offer for Sale

52,57,731 shares of ₹1

Listing At

BSE, NSE

Vikran Engineering IPO Lot Size

The minimum market lot for Vikran Engineering IPO is 148 shares with an application amount of ₹14,356. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

Application	Lots	Shares	Amount
Retail (Min)	1	148	₹14,356
Retail (Max)	13	1924	₹1,86,628
S-HNI (Min)	14	2072	₹2,00,984
S-HNI (Max)	69	10212	₹9,90,564
B-HNI (Min)	70	10360	₹10,04,920

Vikran Engineering IPO Timeline

✓

IPO Open Date

26 Aug, 2025

✓

IPO Close Date

29 Aug, 2025

✓

Basis of Allotment

1 Sep, 2025

✓

Listing Date

3 Sep, 2025

Issue Price

₹92-97 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

Lead Manager

Pantomath Capital Advisors Pvt LtdSystematix Corporate Services Limited

Issue Size

Total 772.00 Cr :
#Fresh Issue : 7,43,29,896 shares(aggregating up to ₹721.00 Cr) +
#OFS : 52,57,731 shares of ₹1(aggregating up to ₹51.00 Cr)

Vikran Engineering IPO Financial Information

Period Ended	Assets	Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31 Mar 25	1354.68	922.36	77.82	467.87	449.52	272.94
31 Mar 24	959.79	791.44	74.83	291.28	290.95	183.39
31 Mar 23	712.47	529.18	42.84	131.14	130.85	154.92

All values are in ₹ Cr.

Vikran Engineering IPO Valuations

EPS Pre IPO

₹4.24/-

EPS Post IPO

₹3.02/-

PE Pre IPO

22.88

PE Post IPO

32.15

ROE

16.63%

ROCE

23.34%

Debt Equity

0.58

RoNW

16.63%

PAT Margin

8.44%

Price to Book Value

3.81

Promoters & Share Holding

Promoter(s) Name

Rakesh Ashok Markhedkar
Avinash Markhedkar
Nakul Markhedkar

Share Holding Pre Issue	Share Holding Post Issue
81.78%	N/A

About Company

Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) entity.The projects of the company include underground water distribution and surface water extraction, overhead tanks, and distribution networks.

Service Sectors:
Power Transmission and Distribution: Experts in extra-high voltage (EHV) substations up to 400kV and integrated power distribution solutions.
Water Infrastructure: Involved in underground water distribution, surface water extraction, overhead tanks, and distribution network projects.
Railway Infrastructure: Offering services in railway infrastructure projects.
Solar Energy: Increasing presence in solar EPC projects.

As of August 31, 2024, we have executed 44 projects in 11 states with a total executed contract value of Rs 18,958.14 million. As of August 31, 2024, we have 34 projects under execution in 17 states, aggregating orders of Rs 39,570.55 million, of which the Order Book is Rs 19,557.00 million.

The clients of the company in the government industry are NTPC Limited, Power Grid Corporation of India Limited, South Bihar Power Distribution Co. Ltd., North Bihar Power Distribution Co. Ltd., Transmission Corporation of Telangana Limited and others.

The company has pan-India operations backed by 195 sites and store locations up to August 31, 2024. The company provide a variety of EPC services that meet the individual requirements of our customers pan-India.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	3,97,93,814	1,19,38,144 79,58,763 39,79,381	2,78,55,670	5,57,11,341
Day 1 -26-08-25 05:00 PM	0.41 x	5.15 5.47 x 4.53 x	2.32 x	2.38 x
Day 2 -28-08-25 05:00 PM	0.91 x	11.03 11.08 x 10.93 x	5.23 x	5.24 x
Day 3 -29-08-25 05:00 PM	19.45 x	58.56 66.71 x 42.25 x	10.91 x	23.56 x

Total No. of Applications:19,62,620 (Approx)

Retail Subscription:

Retail:9.7x

BHNI:13.0x

SHNI:42.0x times

Company Contact Details

Vikran Engineering

401, Odyssey I.T. Park,, Road No. 9, Wagle Industrial Estate, Thane (W) – 400604

Phone: +91-22-62638263

Email: companysecretary@vikrangroup.com

Website: https://www.vikrangroup.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Frequently Asked Questions about Vikran Engineering IPO

When will Vikran Engineering IPO open for subscription?

The Vikran Engineering IPO opens on 26 Aug, 2025 and closes on 29 Aug, 2025.

What is the investors portion for Vikran Engineering IPO?

The investors' portion for QIB is 19.45 x, NII is 66.71 x, and Retail is 10.91 x.

How to apply for Vikran Engineering IPO?

You can apply for Vikran Engineering IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Vikran Engineering IPO?

The issue size of Vikran Engineering IPO is approx ₹Total 772.00 Cr :#Fresh Issue : 7,43,29,896 shares(aggregating up to ₹721.00 Cr) +#OFS : 52,57,731 shares of ₹1(aggregating up to ₹51.00 Cr) crores.

What is the price band of Vikran Engineering IPO?

The price band for Vikran Engineering IPO is ₹92 to ₹97 per equity share.

What is the lot size of Vikran Engineering IPO?

The minimum bid (lot size) for Vikran Engineering IPO is N/A shares with an investment of approx ₹14,356 .

What is the allotment date of Vikran Engineering IPO?

The allotment date for Vikran Engineering IPO is 1 Sep, 2025.

What is the listing date of Vikran Engineering IPO?

The listing date for Vikran Engineering IPO is expected to be 3 Sep, 2025.

What is the GMP of Vikran Engineering IPO?

The latest Grey Market Premium (GMP) for Vikran Engineering IPO is being updated regularly on IPOROCK.

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.