Vikran Engineering IPO Gmp, Share Price, allotment Date and detail Review

Vikran Engineering IPO

Since its establishment in 2008, Vikran Engineering Limited has grown into a premier Engineering, Procurement and Construction (EPC) company in India. The company provides end-to-end turnkey solutions across energy, water, and railway infrastructure, including the development and design from conceptualisation all the way to supply, installation, testing, and commissioning.

Vikran Engineering IPO Details

Particulars                                                    Details

IPO Open Date                                           26-Aug-25

IPO Close Date                                           29-Aug-25

Price Band                                                   ₹92 – ₹97 per share

Lot Size                                                           148 shares

Minimum Investment (Retail)                   ₹ 14,356

Maximum Retail Investment                           13 lots (1,924 shares) – ₹1,86,628

Issue Size                                                   ₹772 crore

Fresh Issue                                                   ₹721 crore

Offer for Sale (OFS)                                   ₹51 crore

Face Value                                                   ₹1 per share

Listing Date                                                   03-Sep-25

Exchanges                                                   BSE & NSE

Registrar                                                           Bigshare Services Pvt. Ltd.

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Vikran Engineering IPO Latest Gmp

The current Vikran Engineering IPO GMP is roughly around ₹21 per share as of the most recent data, which comes out to a 21.37% premium over the upper price band of ₹97, meaning the grey market price is about ₹118, and moderate positive sentiment prevailing among investors prior to listing.

Note:- GMP is not an official indicator, and it fluctuates daily depending on investor sentiment, market conditions, and demand for the IPO.

Vikran Engineering IPO Date

Event                     Date

IPO Opens            26-Aug-25

IPO Closes            29-Aug-25

Basis of Allotment    01-Sep-25

Refunds Initiation    02-Sep-25

Credit to Demat    02-Sep-25

Listing Date            03-Sep-25

Vikran Engineering IPO Balance Sheet in Crore

Balance Sheet        Mar-20  Mar-21 Mar-22 Mar-23 Mar-24

Reserves                67         83         93         131         291

Borrowings            66         98         92         155         183

Vikran Engineering IPO Financial Report

Profit & Loss        Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25

Sales                441         336         476         524         786         916

Expenses                374         300         442         444         652         756

Operating Profit     68         36         34         80         134         160

Vikran Engineering IPO Financial Highlight

• Project Footprint: Successfully completed 45 projects across 14 states; currently executing 44 projects across 16 states. We had an order book of over ₹2,442 crores and an all-time high of ongoing orders worth ₹5,120 crores.
• FY 2025 Revenue: Grew ~16.5% Y-o-Y to ₹916 crores; PAT was ₹77.8 crores, an increase of 3.99% YoY.
• Five-Year Growth: A strong trajectory with growth in both revenue and profitability.
• Healthy revenue growth led by EPC project execution.
• Stable net profit margins — reflects operational efficiency.
• Strong backlog gives earnings visibility for 2–3 years.

Vikran Engineering Utilisation of Its IPO Funds

The net proceeds from the fresh issue will go towards:

• Working Capital Requirements – to support the execution of large orders.
• General Corporate Purposes – including expansion, technology upgrades, and operational needs.
• The OFS portion benefits the selling shareholders and does not inject funds into the company.

Vikran Engineering IPO Strengths and Risks

Strengths

• Diverse Project Portfolio - working across multiple sectors of infrastructure
• Established Reputation Execution - repeat clients, meeting timeliness targets. 
• Government Focus on Infrastructure - fits with both our national priorities on spending 
• Strong Order Book - provides a visible revenue stream via mixed short and long-term projects. 

Risks 

• Capital Intensive Model - as the cycle is longer, could affect our cash run-offs that hinder cash flows. 
• Competitive Bidding - introduce competition that could push profit margins lower.
• Execution Delays - lead to constraints on being able to recognise revenue 
• Policy Reliant - we are heavily reliant on government spending on infrastructure.

Outlook for the Sector

The outlook for infrastructure spending in India will be accelerated by different government schemes for railway electrification, smart cities, renewable energy, and rural water supply. With execution discipline and controls around costs, EPC players like Vikran Engineering will benefit from the momentum.

Investment Implications

Short Term - Expectation to see a modest listing gain as GMP trend indicates if sentiment remains stable.

Long Term - Overall well diversified portfolio, healthy order book and exposure to growth segments will provide strong compounding opportunities for investors for 3–5 years.

Conclusion

The Vikran Engineering IPO seems fundamentally a good quality IPO with consistent financial growth, well diversified order book and good presence in the high priority infrastructure sector. The current GMP indicating good demand from investors and no signs of over-speculation. Nonetheless, prospective investors should consider the execution risk and the working capital risk before applying. That being said, always make your own judgment based on both market sentiment and your own financial intentions.

FAQ

What is the Vikran Engineering IPO GMP today?

As of the latest update, Vikran Engineering IPO GMP is ₹21 per share, indicating an estimated listing price of ₹118.

When is the Vikran Engineering IPO allotment date?

The basis of allotment will be finalized on 1 September 2025, with shares credited to Demat on 2 September 2025.

What is the Vikran Engineering IPO price band?

The price band for Vikran Engineering IPO is set at ₹92–₹97 per share.

What is the lot size for Vikran Engineering IPO?

The lot size is 148 shares, requiring a minimum retail investment of ₹14,356.