Vikran Engineering Limited – IPO
Vikran Engineering Limited – IPO Details
| IPO Date | August 26, 2025 to August 29, 2025 |
| Listing Date | September 3, 2025 |
| Face Value | ₹ 1 / Share |
| Price Band | ₹ 92 to ₹ 97 / Share |
| Lot Size | 148 Shares |
| Total Issue Size | 7,95,87,627 shares (Aggregating up to ₹772.00 Cr) |
| Fresh Issue | 7,43,29,896 shares (Aggregating up to ₹721.00 Cr) |
| Offer for Sale | 52,57,731 shares of ₹1 (Aggregating up to ₹51.00 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 18,35,81,130 shares |
| Share holding post issue | 25,79,11,026 shares |
| Market Maker portion |
Vikran Engineering Limited Timeline (Tentative Schedule)
Vikran Engineering Limited IPO opens on August 26, 2025, and closes on August 29, 2025.
| IPO Open Date | August 26, 2025 |
| IPO Close Date | August 29, 2025 |
| Basis of Allotment | September 1, 2025 |
| Initiation of Refunds | September 2, 2025 |
| Credit of Shares to Demat | September 2, 2025 |
| Listing Date | September 3, 2025 |
| Cut-off time for UPI mandate confirmation | August 29, 2025 |
Vikran Engineering Limited IPO Lot Size
Investors can bid for a minimum of 148 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 148 | Rs.14,356 |
| Retail (Max) | 13 | 1,924 | Rs.186,628 |
| S-HNI (Min) | 14 | 2,072 | Rs.200,984 |
| S-HNI (Max) | 69 | 10,212 | Rs.990,564 |
| B-HNI (Min) | 70 | 10,360 | Rs.1,004,920 |
| HNI (Min) |
Vikran Engineering Limited IPO Promoter Holding
| Share Holding Pre Issue | 81.78% |
| Share Holding Post Issue |
Vikran Engineering Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Vikran Engineering Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Vikran Engineering Limited
Registered in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) firm. Projects of the company consist of underground water distribution and surface water extraction, overhead tanks, and distribution networks.
Service Sectors:
Power Transmission and Distribution: Expertise in extra-high voltage (EHV) substations up to 400kV and integrated power distribution solutions.
Water Infrastructure: Involved in projects ranging from underground water distribution, surface water extraction, overhead tanks, and distribution networks.
Railway Infrastructure: Offering services in railway infrastructure projects.
Solar Energy: Increasing presence in solar EPC projects.
To date, as of June 30, 2025, the company has executed 45 projects in 14 states with a total contract value of Rs 19,199.17 million. As of June 30, 2025, they have 44 running projects in 16 states, aggregating orders of Rs 51,202.07 million, out of which the Order Book is Rs 24,424.39 million.
The firm's government sector customers 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 firm had 761 permanent staff as of June 30, 2025.
Competitve Strengths:
One of the rapidly growing engineering, procurement and construction ("EPC") firms, with on-time completion of power transmission and distribution and water infrastructure sector.
Diversified Order Book across business segments and stable financial performance
Asset light business model
In-house technical and engineering strength, process management and quality control
Seasoned promoters and management team, domain expertise
Key Performance Indicator
The market capitalization of Vikran Engineering IPO is ₹2501.74 Cr.
| KPI | Values |
|---|---|
| ROE | 16.63% |
| ROCE | 23.34% |
| Debt/Equity | 0.58 |
| RoNW | 16.63% |
| P/BV | 3.81 |
| PAT Margin (%) | 8.44% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.24 | 3.02 |
| P/E (x) | 22.88 | 32.15 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, which is available in RHP.
Objects of the Issue (Vikran Engineering Limited IPO Objectives)
Vikran Engineering Limited Contact Details
Vikran Engineering Ltd. |
Vikran Engineering Limited IPO Registrar
Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: [email protected] |