Vikran Engineering IPO Subscription Status

The Vikran Engineering IPO continued to gain traction on its second day of subscription, recording an overall subscription of 5.52 times till 5:00 PM on 28th August 2025.

• Qualified Institutional Buyers (QIBs): Subscribed 0.96 times
• Non-Institutional Investors (NIIs): Subscribed 11.63 times
• Retail Individual Investors (RIIs): Subscribed 5.52 times

By Day 2, the IPO received bids for 30,77,95,008 equity shares against the total issue size of 5,57,11,341 shares.

On Day 1, the issue had already seen healthy participation, being subscribed 2.51 times, setting the tone for strong demand ahead.

About Vikran Engineering

Founded in 2008, Vikran Engineering Limited has positioned itself as a key player in the Engineering, Procurement, and Construction (EPC) sector. The company has successfully executed large-scale projects for both government and private clients, covering critical sectors such as:

• Power infrastructure
• Water management projects
• Railway construction and development

Core Strengths:

• Geographical and sector diversification across India
• Experienced promoters and management team with a proven track record
• Efficient cost structure and emphasis on operational excellence
• Improved scale of operations supported by robust project execution
• Stable financial risk profile with long-standing client relationships

The company emphasizes quality service, timely delivery, and customer satisfaction, which has helped it build a solid reputation in the EPC space.

Vikran Engineering Financial Performance

• FY 2025 Revenue: ₹922.36 crore (vs. ₹791.44 crore in FY 2024 and ₹529.18 crore in FY 2023)
• FY 2025 Profit: ₹77.82 crore (vs. ₹74.83 crore in FY 2024)
• 3-Year Trend: Revenue has grown at a CAGR of over 30%, while profits have remained stable, reflecting sustainable operations

This steady growth indicates the company’s ability to scale projects while maintaining profitability.

Vikran Engineering IPO GMP

As of Thursday, 28th August 2025, the Grey Market Premium (GMP) stood at ₹14. This suggests that the shares of Vikran Engineering are trading at ₹111 in the grey market, compared to the issue price of ₹97 — reflecting a 14.43% premium.