Vikran Engineering IPO

Vikran Engineering is launching an IPO worth Rs 772.00 crores through a bookbuilding process, comprising a fresh issue of Rs 721.00 crores and an offer for sale of Rs 51.00 crores. The IPO will open for subscription from August 26 to August 29, 2025, with allotment expected on September 1 and a tentative listing on BSE and NSE on September 3. The price band is fixed at Rs 92 to Rs 97 per share, with a lot size of 148 shares requiring a minimum retail investment of Rs 13,616. For sNII, the investment size is 14 lots (Rs 2,00,984), and for bNII, it is 70 lots (Rs 10,04,920). Pantomath Capital Advisors is the lead manager, and Bigshare Services is the registrar.

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Vikran Engineering IPO Details

Check out the issue details for Vikran Engineering IPO as disclosed in SEBI.

IPO Price

₹ 97

Price Band

₹ 92 - 97

Issue Size

772.00 Cr.

Issue Type

Book Built

Open

2025-08-26

Close

2025-08-29

Listing price

₹ 99

Listing Gain

2.06%

Listing Date

2025-09-03

CMP

₹ 70.96

Current Return

-26.85%

Vikran Engineering News

Vikran Engineering informs about secretarial compliance report 30 May 2026, 12:04PM Vikran Engineering submits revised investor presentation25 May 2026, 12:34PM Vikran Engineering rises on acquiring remaining 51% stake in NOPL Solar Projects21 May 2026, 10:35AM Vikran Engineering acquires remaining 51% stake in NOPL Solar Projects21 May 2026, 10:30AM Vikran Engineering informs about execution of composite amendment and supplement agreement21 May 2026, 9:52AM Vikran Engineering informs about acquisition21 May 2026, 9:48AM Vikran Engineering rises on acquiring 49% stake in NOPL Solar Projects19 May 2026, 2:22PM Vikran Engineering acquires 49% stake in NOPL Solar Projects19 May 2026, 12:40PM Vikran Engineering incorporates wholly owned subsidiary6 May 2026, 9:59AM Vikran Engineering commissions second 5 MW solar power plant in Maharashtra5 May 2026, 3:28PM Vikran Engineering shines on executing SPA to acquire 49% stake in NOPL Solar Projects28 Apr 2026, 9:26AM Vikran Engineering executes SPA to acquire 49% stake in NOPL Solar Projects28 Apr 2026, 9:06AM Vikran Engineering bags LoAs worth Rs 530.80 crore 4 Apr 2026, 11:55AM Vikran Engineering - Quaterly Results15 Feb 2026, 12:00AM Vikran Engineering soars on accepting LOAs for solar power projects29 Dec 2025, 12:21PM Vikran Engineering accepts LOAs for solar power projects27 Dec 2025, 12:42PM Vikran Engineering soars on securing order worth Rs 459.20 crore26 Dec 2025, 9:29AM Vikran Engineering secures order worth Rs 459.20 crore26 Dec 2025, 9:05AM Vikran Engineering soars on bagging work order worth Rs 2,035.26 crore24 Dec 2025, 9:33AM Vikran Engineering bags work order worth Rs 2,035.26 crore 24 Dec 2025, 9:22AM

Company Financials

You can get the following financial statements of Vikran Engineering as of now.

Company Name

Vikran Engineering

Exchange

NSE: VIKRAN BSE: 544496

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Vikran Engineering IPO Details

The details about the Vikran Engineering IPO are as follows:

  • The issue size of the IPO is Rs 772.00 Cr.
  • The price band for Vikran Engineering IPO is Rs 92 to Rs 97.
  • The shares of Vikran Engineering IPO will list on BSE and NSE.
  • The latest tentative GMP of Vikran Engineering IPO is Rs 10.
  • The shares of Vikran Engineering IPO are subscribed 24.87 Times.

 

Vikran Engineering IPO Valuation

The approximate valuation of Vikran Engineering IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 97
Existing Shares (Qty) 18.35 Cr
Fresh Issue Rs 721.00 Cr
Market Cap Rs 2500.95 Cr
EPS (FY25) Rs 4.35
PE Ratio 22.29x
Industry PE 35.45x

 

Vikran Engineering IPO Issue Size

Vikran Engineering IPO issue size is Rs 772.00 Cr.

Issue Amount
Fresh Issue Rs 721.00 Cr
Offer For Sale Rs 51.00 Cr

 

Vikran Engineering IPO Market Lot

An individual can apply for a minimum of 1 lot of 148 shares and a maximum of 13 lots (1,924 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 148 Rs 14,356
Retail Maximum 13 1,924 Rs 1,86,628

 

Vikran Engineering IPO Share Offer

The shares of Vikran Engineering IPO are subscribed 24.87 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Vikran Engineering IPO GMP (Grey Market Premium)

As on GMP (Tentative)
28 August 2025 Rs 14
29 August 2025 Rs 10

Vikran Engineering IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Vikran Engineering IPO Dates

Find below the dates for Vikran Engineering IPO

Schedule Date
Basis of Allotment 1 Sep 2025
Refunds 2 Sep 2025
Credit to Demat Account 2 Sep 2025
IPO Listing Date 3 Sep 2025

 

Check the allotment of Vikran Engineering IPO by clicking on the button below.

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Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 474.21 524.31 785.95 915.85
Total Expenditure 448.96 444.28 651.7 754.03
Operating Profit 25.25 80.03 134.24 161.81
Other Income 5.36 4.87 5.49 6.52
Interest 18.75 28.53 32.94 55.17
Depreciation 2.5 3.7 4.05 2.97
Exceptional Items 0 1.3 0 0
Profit Before Tax 9.36 53.98 102.75 110.19
Provision for Tax 2.77 11.14 27.92 32.37
Net Profit 6.59 42.84 74.83 77.82
Adjusted EPS (Rs.) 0.04 0.29 0.44 0.42

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 0.29 0.29 0.33 18.36
Total Reserves 88.92 130.85 290.95 449.52
Borrowings 36.86 36.51 10.7 31.92
Other N/C liabilities 21.72 14.49 25.34 43.25
Current liabilities 351.63 549.76 667.45 857.33
Total Liabilities 499.42 731.9 994.78 1400.37
Assets
Net Block 12.58 11.89 9.81 10.74
Capital WIP 0 0 0 0
Intangible WIP 0 0 0 0
Investments 0 0 0 0
Loans & Advances 27.71 28.73 42.79 64.71
Other N/C Assets 24.85 51.05 32.81 25.9
Current Assets 434.29 640.24 909.37 1299.02
Total Assets 499.42 731.9 994.78 1400.37
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026
Other Income 0.67 2.99 6.5 6.8
Profit Before Tax 7.39 9.79 25.92 77.93
Tax 1.74 0.65 5.01 21.93
Profit After Tax 5.65 9.14 20.91 56
Adjusted EPS (Rs) 0.31 0.35 0.81 2.17

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2026 56.27 0
Dec 2025 56.17 0
Sep 2025 56.17 0
Jun 2025 56.17 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 9.36 53.98 102.75 110.19
Adjustment 25.44 25.19 31.8 55.34
Changes in Assets & Liabilities -8.04 -67.12 -181.94 -272
Tax Paid -7.77 -6.5 -19.09 -22.33
Operating Cash Flow 18.99 5.55 -66.48 -129.09
Investing Cash Flow -5.24 -14.32 -15.94 -9.11
Financing Cash Flow -17.27 8.75 82.37 140.61
Net Cash Flow -3.53 -0.02 -0.04 2.42
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