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Vikran Engineering Limited IPO | Important Dates, Price, and More
Author
Shoonya Team
Vikran Engineering Limited is set to launch its ₹772.00 crore IPO, opening for subscription on August 26, 2025, and closing on August 29, 2025. The company will list on both BSE and NSE, with a tentative listing date of September 3, 2025.
The price band is fixed at ₹92–₹97 per share, and the minimum application size is 148 shares. For retail investors, that means a minimum investment of about ₹13,616, while the lot size for sNII investors starts at 2,072 shares and for bNII investors at 10,360 shares.
This IPO includes a fresh issue of ₹721.00 crore to raise capital for expansion and growth, along with an offer for sale of ₹51.00 crore by existing shareholders.
Here are the quick steps to apply for the Vikran Engineering Limited IPO!
Vikran Engineering Limited IPO | IPO Details
| Detail | Information |
| IPO Opening Date | August 26, 2025 |
| IPO Closing Date | August 29, 2025 |
| Tentative IPO Listing Date | September 3, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹92 – ₹97 per share |
| Lot Size | 148 shares |
| Total Issue Size | 7,95,87,627 shares (₹772.00 Cr) |
| Fresh Issue | 7,43,29,896 shares (₹721.00 Cr) |
| Offer for Sale (OFS) | 52,57,731 shares (₹51.00 Cr) |
| IPO Segment | Main Board – Book Building |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 81.78% |
| Shareholding Post-Issue | To be updated (after dilution) |
Vikran Engineering Limited IPO | Company Overview
Vikran Engineering Limited is a fast-growing Engineering, Procurement, and Construction (EPC) company incorporated in 2008. It has a strong presence across the power, water, railway, and renewable energy sectors.
The company undertakes projects such as underground water distribution, surface water extraction, overhead tanks, power transmission networks, EHV substations, and solar EPC projects. Over the years, Vikran Engineering has built a reputation for delivering complex infrastructure projects with technical expertise and timely execution.
As of June 30, 2025, the company has successfully completed 45 projects across 14 states with a total executed contract value of ₹19,199.17 million. It also has 44 ongoing projects across 16 states, representing a robust order book of ₹24,424.39 million.
Vikran Engineering’s client base primarily includes government and public sector entities such as NTPC Limited, Power Grid Corporation of India Limited, South Bihar Power Distribution Co. Ltd., North Bihar Power Distribution Co. Ltd., and Transmission Corporation of Telangana Limited.
The company operates with an asset-light model, supported by strong in-house engineering capabilities and a team of 761 permanent employees.
Vikran Engineering Limited IPO | Key Details
- IPO Opening Date: August 26, 2025
- IPO Closing Date: August 29, 2025
- Allotment Date: September 1, 2025
- Price Band: ₹92 – ₹97 per share
- IPO Size: ₹772.00 Crores
- Refunds Initiated: September 2, 2025
- Shares Credited to Demat: September 2, 2025
- Listing Date: September 3, 2025
- Cut-off Time for UPI Mandate Confirmation: 5 PM on August 29, 2025
Vikran Engineering Limited IPO | Financial Overview
The company has reported consistent growth over the past three years, with revenue rising 17% in FY25 and profit after tax increasing 4% compared to FY24. Here’s a snapshot of its financial performance:
Amounts in ₹ Crore
| Financial Information (₹ in Crore) | 31-Mar-25 | 31-Mar-24 | Change (FY25 vs FY24) | Change % |
| Assets | 1,354.68 | 959.79 | +394.89 | +41.1% |
| Total Income | 922.36 | 791.44 | +130.92 | +16.5% |
| Profit After Tax | 77.82 | 74.83 | +2.99 | +4.0% |
| EBITDA | 160.24 | 133.30 | +26.94 | +20.2% |
| Net Worth | 467.87 | 291.28 | +176.59 | +60.6% |
| Reserves & Surplus | 449.52 | 290.95 | +158.57 | +54.5% |
| Total Borrowing | 272.94 | 183.39 | +89.55 | +48.8% |
Vikran Engineering Limited IPO | FAQs
The Vikran Engineering Limited IPO opens on August 26, 2025, and closes on August 29, 2025. The allotment will be finalised on September 1, 2025, and the shares are expected to list on September 3, 2025, on both BSE and NSE.
The minimum lot size of Vikran Engineering Limited IPO for retail investors is 148 shares, requiring an investment of ₹13,616. For sNII investors, the minimum application is 14 lots (2,072 shares), and for bNII investors, it is 70 lots (10,360 shares).
Refunds for Vikran Engineering Limited IPO non-allottees will be initiated on September 2, 2025, and successful allottees will have shares credited to their Demat accounts the same day.
The face value of each equity share of Vikran Engineering Limited is ₹1 per share.
The Vikran Engineering Limited IPO consists of a fresh issue of 7.43 crore shares (₹721.00 crore) and an offer for sale of 0.53 crore shares (₹51.00 crore), aggregating up to ₹772.00 crore.
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.
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