Vikran Engineering IPO Subscription Status

The Vikran Engineering IPO witnessed a strong response on the first day of bidding (August 26, 2025, till 05:00 PM), with an overall subscription of 2.51 times.

• QIB (Qualified Institutional Buyers): 0.43x
• NII (Non-Institutional Investors): 5.43x
• RII (Retail Individual Investors): 2.44x

The IPO received bids for 13,98,00,800 shares against the total issue size of 5,57,11,341 shares on offer. This indicates robust demand among retail and HNI investors, while institutional participation is expected to pick up in the coming days.

About Vikran Engineering Limited

Established in 2008, Vikran Engineering Limited is a well-recognized player in the Engineering, Procurement, and Construction (EPC) sector. Over the years, the company has successfully executed several large-scale government projects, positioning itself as a trusted partner for critical infrastructure development.

Key Areas of Expertise:

• Power Infrastructure – Transmission lines, substations, and related projects.
• Water Infrastructure – Pipelines, treatment plants, and distribution networks.
• Railways – Civil, mechanical, and electrical works.

The company’s success is built on its operational excellence, efficient cost structures, and quality-driven execution, which makes it a reliable EPC partner across multiple industries.

Strengths of Vikran Engineering

• Geographical and Sector Diversification – Presence in multiple regions and industries reduces dependency on a single sector.
• Experienced Promoters – Leadership with deep domain expertise.
• Strong Operational Scale – Increasing project pipeline and improved execution capacity.
• Financial Stability – Comfortable financial risk profile with steady growth.
• Client Relationships – Trusted partner for government bodies, PSUs, and private players, ensuring recurring business opportunities.

The company continues to focus on customer satisfaction, efficiency, and strengthening long-term partnerships.

Vikran Engineering Financial Performance

Vikran Engineering has shown steady financial growth in recent years:

• Revenue (FY 2023): ₹529.18 crore
• Revenue (FY 2024): ₹791.44 crore
• Revenue (FY 2025): ₹922.36 crore
• Profit (FY 2024): ₹74.83 crore
• Profit (FY 2025): ₹77.82 crore

💡 In FY 2025, revenue grew by 16.5% YoY, and net profit improved by 4% YoY, reflecting consistent performance despite sector challenges.

Vikran Engineering IPO GMP (Grey Market Premium)

As of Tuesday, 26th August 2025, the Grey Market Premium (GMP) for Vikran Engineering stood at ₹22.

• IPO Issue Price: ₹97
• Grey Market Price: ₹119
• Premium: ₹22

This GMP indicates healthy investor interest and potential for listing gains if market sentiment continues positively.