{"id":13743,"date":"2025-08-20T19:26:45","date_gmt":"2025-08-20T13:56:45","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=13743"},"modified":"2025-12-01T09:44:50","modified_gmt":"2025-12-01T04:14:50","slug":"vikran-engineering-ipo-opens","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/vikran-engineering-ipo-opens\/","title":{"rendered":"Vikran Engineering Ltd. IPO Opens: Key Details Investors Shouldn\u2019t Miss"},"content":{"rendered":"

[vc_section el_id=”blog-inner-layout”][vc_row overlay_dotted=””][vc_column el_class=”blog_primary”][vc_row_inner][vc_column_inner][vc_column_text css=””]India’s IPO market<\/a> continues its robust performance in August 2025, with several new offerings. Joining the momentum, Vikran Engineering Limited, a leading Engineering, Procurement, and Construction (EPC) company, is launching its IPO. The company provides end-to-end services for projects in the power, water, and railway infrastructure sectors.<\/span><\/p>\n

Here is a detailed insight into the <\/span>Vikran Engineering IPO<\/span><\/a> and the company’s outlook.<\/span><\/p>\n

<\/span>About Vikran Engineering Ltd.\u00a0<\/b><\/span><\/h2>\n

Incorporated in 2008, Vikran Engineering Limited is a prominent Engineering, Procurement, and Construction (EPC) company specialising in sectors such as <\/span>power transmission<\/span><\/a>, water infrastructure, railway infrastructure, and solar energy. The company\u2019s services include projects like underground water distribution, surface water extraction, overhead tanks, power substations up to 400kV, and solar EPC projects.<\/span><\/p>\n

As of June 30, 2025, Vikran Engineering has completed 45 projects across 14 states with a total contract value of \u20b919,199.17 million. The company currently has 44 ongoing projects across 16 states, amounting to \u20b951,202.07 million in total orders, with an Order Book value of \u20b924,424.39 million.<\/span><\/p>\n

Vikran’s key clients include <\/span>NTPC Limited<\/span><\/a>, <\/span>Power Grid Corporation of India<\/span><\/a>, and various state power distribution companies.<\/span><\/p>\n

<\/span>Vikran Engineering (India) Ltd. IPO Details<\/b><\/span><\/h2>\n

The Vikran Engineering IPO is a book-building issue of \u20b9772 crore. The issue is a combination of a fresh issue of 7.43 crore shares (aggregating up to \u20b9721 crore) and an Offer for Sale (OFS) of 0.53 crore shares (aggregating up to \u20b951 crore).\u00a0<\/span><\/p>\n

<\/span>Important IPO Timeline<\/b><\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n
Event<\/b><\/td>\nDate<\/b><\/td>\n<\/tr>\n
IPO Open Date<\/b><\/td>\nTue, Aug 26, 2025<\/span><\/td>\n<\/tr>\n
IPO Close Date<\/b><\/td>\nFri, Aug 29, 2025<\/span><\/td>\n<\/tr>\n
Tentative Allotment<\/b><\/td>\nMon, Sep 1, 2025<\/span><\/td>\n<\/tr>\n
Initiation of Refunds<\/b><\/td>\nTue, Sep 2, 2025<\/span><\/td>\n<\/tr>\n
Credit of Shares to Demat<\/b><\/td>\nTue, Sep 2, 2025<\/span><\/td>\n<\/tr>\n
Tentative Listing Date<\/b><\/td>\nWed, Sep 3, 2025<\/span><\/td>\n<\/tr>\n
Cut-off time for UPI mandate confirmation<\/b><\/td>\n5 PM on August 29, 2025<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Key IPO Details<\/b><\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Particulars<\/b><\/td>\nDetails<\/b><\/td>\n<\/tr>\n
IPO Date<\/b><\/td>\nAugust 26, 2025 to August 29, 2025<\/span><\/td>\n<\/tr>\n
Listing Date<\/b><\/td>\n–<\/span><\/td>\n<\/tr>\n
Face Value<\/b><\/td>\n\u20b91 per share<\/span><\/td>\n<\/tr>\n
Issue Price Band<\/b><\/td>\n\u20b992 to \u20b997 per share<\/span><\/td>\n<\/tr>\n
Lot Size<\/b><\/td>\n148 Shares<\/span><\/td>\n<\/tr>\n
Sale Type<\/b><\/td>\nFresh Capital-cum-Offer for Sale<\/span><\/td>\n<\/tr>\n
Total Issue Size<\/b><\/td>\n7,95,87,627 shares (aggregating up to \u20b9772.00 Cr)<\/span><\/td>\n<\/tr>\n
Fresh Issue<\/b><\/td>\n7,43,29,896 shares (aggregating up to \u20b9721.00 Cr)<\/span><\/td>\n<\/tr>\n
Offer for Sale<\/b><\/td>\n52,57,731 shares of \u20b91 (aggregating up to \u20b951.00 Cr)<\/span><\/td>\n<\/tr>\n
Issue Type<\/b><\/td>\nBookbuilding IPO<\/span><\/td>\n<\/tr>\n
Listing At<\/b><\/td>\nBSE, NSE<\/span><\/td>\n<\/tr>\n
Share Holding Pre-Issue<\/b><\/td>\n18,35,81,130 shares<\/span><\/td>\n<\/tr>\n
Share Holding Post Issue<\/b><\/td>\n25,79,11,026 shares<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"<\/a><\/b><\/h2>\n

<\/span>Lot Size of Vikran Engineering Ltd. IPO<\/b><\/span><\/h2>\n\n\n\n\n\n\n\n\n
Application<\/b><\/td>\nLots<\/b><\/td>\nShares<\/b><\/td>\nAmount<\/b><\/td>\n<\/tr>\n
Retail (Min)<\/b><\/td>\n1<\/span><\/td>\n148<\/span><\/td>\n\u20b914,356<\/span><\/td>\n<\/tr>\n
Retail (Max)<\/b><\/td>\n13<\/span><\/td>\n1,924<\/span><\/td>\n\u20b91,86,628<\/span><\/td>\n<\/tr>\n
S-HNI (Min)<\/b><\/td>\n14<\/span><\/td>\n2,072<\/span><\/td>\n\u20b92,00,984<\/span><\/td>\n<\/tr>\n
S-HNI (Max)<\/b><\/td>\n69<\/span><\/td>\n10,212<\/span><\/td>\n\u20b99,90,564<\/span><\/td>\n<\/tr>\n
B-HNI (Min)<\/b><\/td>\n70<\/span><\/td>\n10,360<\/span><\/td>\n\u20b910,04,920<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Vikran Engineering Ltd. Financials<\/b><\/span><\/h2>\n

Vikran Engineering<\/a> has shown consistent growth in its financials. As of March 31, 2025, the company has a market capitalisation of \u20b92,501.74 crore at the upper price band. Its revenue from operations grew from \u20b9524.30 crore in FY23 to \u20b9915.85 crore in FY25, while its profit after tax (PAT) increased from \u20b942.84 crore to \u20b977.82 crore over the same period.<\/span><\/p>\n

<\/span>Key Performance Indicators (as of Mar 31, 2025)<\/b><\/span><\/h3>\n