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IPO Rating
Quality Score 
0/0
Growth Score
0/0
Valuation Score
0/0
Bidding Date
26-Aug-2025 to
29-Aug-2025
Issue Size
₹772 Cr
Price Band
₹92 to ₹97
Allotment date
01-Sep-2025
Listing date
03-Sep-2025
Lot size
148
No. of shares
7,95,87,629
Fresh issue/OFS
₹721 Cr/₹51 Cr
Vikran Engineering Ltd is a fast-growing Indian EPC enterprise with a diversified presence across energy, water, and railway infrastructure. Established with a focus on turnkey solutions, it delivers end-to-end services from conceptualisation and design to supply, installation, testing, and commissioning. In the power segment, it undertakes both transmission and distribution projects, while in the water sector, it executes underground and surface water distribution systems, overhead tanks, and distribution networks. Vikran Engineering Ltd also has expertise in solar EPC projects and smart metering, alongside railway works such as traction substations and underground cabling. Its strength lies in in-house engineering, efficient execution, and consistent delivery of high-value infrastructure projects across government, PSU, and private clients.
Read our in-depth analysis of the Vikran Engineering Ltd IPO Here 
Category
Status
QIBs
19.5x
NIIs
58.6x
Retail
10.9x
Others
--
Total
23.6x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Vikran Engineering is ₹772.00 Cr.
Vikran Engineering falls into Construction & Engineering industry.
The Vikran Engineering IPO will be listed on both NSE and BSE.
The open and close dates for the Vikran Engineering are 26-Aug-2025 & 29-Aug-2025.
The price band for the Vikran Engineering ipo is ₹92 to ₹97
The listing date of Vikran Engineering IPO is 03-Sep-2025.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Vikran Engineering total subscription ratio is 23.6X.
Key financial of the Vikran Engineering are:
| Vikran Engineering | FY-25 | FY-24 | FY-23 | FY-22 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 915.85 | 785.95 | 524.31 | 474.21 |
| EBIT (₹ Cr) | 158.84 | 130.19 | 76.33 | 22.75 |
| Proft after Tax (₹ Cr) | 77.82 | 74.83 | 42.84 | 6.59 |
| Debt (₹ Cr) | 272.94 | 183.39 | 154.93 | 118.71 |
| Net Worth (₹ Cr) | 467.87 | 291.28 | 131.14 | 89.21 |
| RoE (%) | 16.63 | 25.69 | 32.67 | 7.39 |
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