Vikran Engineering Ltd. IPO Day 1: GMP & Subscription Status

Vikran Engineering Ltd.’s IPO is a book-built issue worth ₹772 crore, comprising a fresh issue of ₹721 crore and an offer-for-sale of ₹51 crore. The price band is set at ₹92–₹97 per share. Bidding opens on August 26, 2025, and closes on August 29, 2025. The shares are expected to be listed on BSE & NSE on September 3, 2025.

Vikran Engineering IPO – Day 1 Subscription Status

Vikran Engineering IPO was subscribed 2.51× on Day 1. The public issue received 2.44× subscription in the Retail Individual Investors (RII) category, 0.43× in Qualified Institutional Buyers, and 5.43× in the Non-Institutional Investors (NII) category as of Day 1, i.e., August 26, 2025.

Investors Category	Subscription (×)
Qualified Institutional Buyers (QIB)	0.43
Non-Institutional Investors (NII)	5.43
bNII (above ₹10 lakh)	5.76
sNII (less than ₹10 lakh)	4.78
Retail Individual Investors (RII)	2.44
Total Subscriptions	2.51

Total Applications: 3,91,425
Total Bid Amount: ₹1,356 Cr.

Objective of the Vikran Engineering IPO

Vikran Engineering plans to channel the IPO proceeds towards strengthening its working capital, giving the company the financial flexibility to power daily operations and future growth, while also setting aside funds for general corporate purposes.

Objects of the Issue	Expected Amount (₹ in crores)
Funding working capital requirements of the Company	541.00
General corporate purposes	–

Vikran  Engineering IPO GMP – Day 1 Update

Date	GMP	Est. Listing Price	Gain
August 26, 2025 (Day 1)	₹12	₹109	12.37%

Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

Vikran Engineering Ltd. IPO – Key Details

Particulars	Details
IPO Opening Date	August 26, 2025
IPO Closing Date	August 29, 2025
Price Band	₹92–₹97 per share
Total Issue Size	₹772 crore (Fresh: ₹721 Cr; OFS: ₹51 Cr)
Lot Size	148 shares
Listing Platform	BSE & NSE
Registrar	Bigshare Services Pvt. Ltd.

Important Dates for Vikran  Engineering IPO Allotment

Event	Date
Tentative Allotment	September 1, 2025
Initiation of Refunds	September 2, 2025
Credit of Shares to Demat	September 2, 2025
Listing Date on BSE & NSE	September 3, 2025

Vikran Engineering Ltd. Overview

Vikran Engineering Ltd., incorporated in 2008, is a growing EPC company with expertise in power, water, railways, and solar projects. It has completed 45 projects across 14 states and is executing 44 ongoing projects worth over ₹51,202 million. Key clients include NTPC, Power Grid Corporation, and various state utilities. With a diversified order book of ₹24,424 million and 761 employees, the company ensures quality and timely delivery. Financially, it reported 17% revenue growth and 4% PAT rise in FY25.

Easy Steps to Apply for Vikran  Engineering IPO via Pocketful

Step 1: Install the Pocketful app from Play Store or App Store.
Step 2: Complete your KYC process.
Step 3: Go to the IPO section on the app.
Step 4: Find “Vikran  Engineering” in the IPO list.
Step 5: Tap Apply and enter your bid details.