Vikran Engineering
IPO Timeline
Issue open date
26 Aug 2025Issue close date
29 Aug 2025UPI mandate deadline
29 Aug 2025Allotment finalization
1 Sep 2025Refund initiation
2 Sep 2025Share credit
2 Sep 2025Listing date
3 Sep 2025Mandate end date
15 Sep 2025Lock-in end date for anchor investors (50%)
1 Oct 2025Lock-in end date for anchor investors (remaining)
30 Nov 2025Grey Market Premium Trend
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 2 Sep | ₹7 | ₹104 | 7.22% |
| 1 Sep | ₹7 | ₹104 | 7.22% |
| 31 Aug | ₹4 | ₹101 | 4.12% |
| 30 Aug | ₹6 | ₹103 | 6.19% |
| 29 Aug | ₹6 | ₹103 | 6.19% |
| 28 Aug | ₹7 | ₹104 | 6.70% |
| 27 Aug | ₹12 | ₹109 | 12.37% |
| 26 Aug | ₹13 | ₹110 | 13.40% |
| 25 Aug | ₹13 | ₹110 | 13.40% |
| 24 Aug | ₹21 | ₹118 | 21.65% |
| 23 Aug | ₹17 | ₹114 | 17.53% |
| 22 Aug | ₹20 | ₹117 | 20.62% |
| 21 Aug | ₹18 | ₹115 | 18.56% |
| 20 Aug | ₹21 | ₹118 | 21.65% |
| 19 Aug | ₹21 | ₹118 | 21.65% |
| 18 Aug | ₹12 | ₹109 | 12.37% |
| 17 Aug | ₹0 | ₹97 | 0.00% |
Key Dates
Quick Stats
Issue Details
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Additional Resources
About the Company
Founded in 2008, Vikran Engineering is a rapidly growing Engineering, Procurement, and Construction (EPC) company headquartered in Thane, Maharashtra. The company specializes in turnkey infrastructure projects across power transmission (up to 765 kV), substations (AIS/GIS up to 400 kV), water supply, and railway electrification sectors. With a presence in over 17 Indian states, Vikran has completed 44 projects and is currently executing 34 more. Its clientele includes prominent government and public sector entities such as NTPC Limited, Uttar Pradesh Water Supply and Sanitation Mission, Andhra Pradesh Central Power Distribution Corporation Limited, MP Power Transmission Company Ltd, and South Bihar Power Distribution Company Ltd. The company has reported a revenue of ₹243.2 crore and a net profit of ₹27.89 crore in FY2024, reflecting a 19% CAGR in sales and over 80% CAGR in net profit over the past five years.
Strengths
- Diversified project portfolio across power, water, and railway sectors.
- Strong track record with 44 completed and 34 ongoing projects in 17 states.
- Established relationships with major government and public sector clients.
- Robust financial growth with significant CAGR in sales and net profit over five years.
- Successful capital raising of over ₹100 crore in pre-IPO funding rounds.
Risks
- High dependence on government contracts, subject to policy and budgetary changes.
- Working capital-intensive operations may affect liquidity during project execution.
- Exposure to regulatory and environmental compliance risks in infrastructure projects.
- Potential delays in project execution due to unforeseen site conditions or approvals.
- Concentration risk if a significant portion of revenue is derived from a few large clients
Vikran Engineering IPO – Frequently Asked Questions
- The price band for the Vikran Engineering IPO is set at ₹92 to ₹97 per share.
- The Vikran Engineering IPO opens on August 26, 2025 and closes on August 29, 2025.
- The tentative listing date for the Vikran Engineering IPO is September 3, 2025.
- You can apply for the Vikran Engineering IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Vikran Engineering, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Vikran Engineering IPO is 148 shares. Investors must apply for at least one lot (i.e., 148 shares).