VIKRAN ENGINEERING LIMITED
₹ 92 - ₹ 97
26-Aug-2025 - 29-Aug-2025
₹ 14356.00

/ 148 Shares

VIKRAN ENGINEERING LIMITED

26-Aug-2025 - 29-Aug-2025

₹ 92 - ₹ 97

Price Band

₹ 14356.00

Minimum Investment

148

Bid Lot

79,587,627

Shares

  • Face Value - ₹ 1/- Per Share

  • Listing at BSE, NSE

  • 188,213 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Category % Shares/Amount
QIB 50% 39,793,812 Shares RS.386.00 CR
HNI 1 5% 3,979,381 Shares RS.38.60 CR @ 1921 FORM 1X
HNI 2 10% 7,958,764 Shares RS.77.20 CR @ 3841 FORM 1X
Retail 35% 27,855,670 Shares RS.270.20 CR @ 188214 FORM 1X

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
188214 FORM 1X 1921 FORM 1X 3841 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 148 ₹ 14,356
Retail (Upto 2 Lakh) 13 1924 ₹ 186,628
S-HNI (2 Lakh to 10 Lakh) 14 2072 ₹ 200,984
S-HNI (2 Lakh to 10 Lakh) 69 10212 ₹ 990,564
B-HNI (Above 10 Lakh) 70 10360 ₹ 1,004,920

IPO Timeline

  • Open Date

    26-Aug-2025

  • Close Date

    29-Aug-2025

  • Basis of Allotment Date

    01-Sep-2025

  • Initiation of Refunds

    02-Sep-2025

  • Credit Shares to Demat A/c

    02-Sep-2025

  • IPO Listing Date

    03-Sep-2025

About Company

Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) company.

The company's projects include underground water distribution and surface water extraction, overhead tanks, and distribution networks.

Service Sectors:

  • Power Transmission and Distribution: Specializing in extra-high voltage (EHV) substations up to 400kV and comprehensive power distribution solutions.
  • Water Infrastructure: Engaged in projects involving underground water distribution, surface water extraction, overhead tanks, and distribution networks.
  • Railway Infrastructure: Providing services in railway infrastructure projects.
  • Solar Energy: Expanding presence in solar EPC projects.

As of June 30, 2025, the company has completed 45 projects across 14 states with a total executed contract value of Rs 19,199.17 million. As of June 30, 2025, they have 44 ongoing projects across 16 states, aggregating orders of Rs 51,202.07 million, of which the Order Book is Rs 24,424.39 million.

The company's clients in the government sector include 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 more.

Read More

Strengths

Competitve Strengths:

  • One of the fast-growing engineering, procurement and construction (“EPC”) companies, with timely execution of power transmission and distribution and water infrastructure sector.
  • Diversified Order Book across business verticals and consistent financial performance
  • Asset light model
  • In-house technical and engineering capabilities, process control and quality assurance
  • Experienced promoters and management team, having domain knowledge

Company Promoters

Company Financials

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 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 and Surplus 449.52 290.95 130.85
Total Borrowing 272.94 183.39 154.92
Amount in ? Crore

Objects of the Issue

The Company Vikran Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (? in crores)
1 Funding working capital requirements of the Company. 541.00
2 General corporate purposes.  

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

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