Vikran Engineering IPO
Vikran Engineering Limited
Minimum investment
Vikran Engineering IPO Details
Bidding date
26 Aug - 29 Aug 2025
Price range
₹92 - ₹97
Minimum quantity
148
Minimum investment
₹13,616
Issue size
₹772 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Vikran Engineering IPO Dates & Timeline
Vikran Engineering IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 10.32x |
Retail Individual Investor | 6.65x |
Non-Institutional Investor | 36.27x |
Others | - |
Total | 6.65x |
About Vikran Engineering IPO: Company Overview
Incorporated in 2008, Vikran Engineering Limited is a leading Engineering, Procurement, and Construction (EPC) company with expertise across multiple infrastructure sectors. The company specializes in power transmission and distribution, water infrastructure projects, railway infrastructure, and solar EPC solutions.
As of June 30, 2025, Vikran Engineering has successfully executed 45 projects across 14 states, with a total contract value of Rs. 19,199.17 million. It currently has 44 ongoing projects across 16 states, representing an order book of Rs. 24,424.39 million out of total aggregated orders of Rs. 51,202.07 million.
The company’s clientele includes prestigious government entities such as NTPC Limited, Power Grid Corporation of India Limited, Transmission Corporation of Telangana Limited, and South & North Bihar Power Distribution Companies. With a workforce of 761 permanent employees, Vikran Engineering leverages its strong in-house technical capabilities, quality assurance systems, and an asset-light business model to deliver efficient and timely projects.
Strengths & Risks of Vikran Engineering IPO
Fast-Growing EPC Company: Vikran Engineering is one of the rapidly expanding EPC companies in India, known for timely execution and successful project delivery.
Diversified Order Book: The company operates across multiple infrastructure sectors, including power, water, railway, and solar projects, ensuring steady and consistent order inflows.
Asset-Light Business Model: By maintaining an asset-light structure, the company achieves capital efficiency and optimizes resources effectively.
Strong Technical & Engineering Capabilities: With in-house expertise and quality-focused project execution, Vikran Engineering maintains high standards in every project.
High Dependence on Government Contracts: A large portion of revenue comes from government-backed projects, making the business vulnerable to policy and regulatory changes.
Working Capital Intensive Model: The EPC business requires significant working capital, which may put pressure on liquidity and cash flows.
Rising Industry Competition: The EPC sector is highly competitive, and increasing rivalry could affect profit margins and order inflows.
Project Execution Risks: Revenue heavily depends on timely completion of large-scale projects, and delays may lead to cost overruns and reduced profitability.
Vikran Engineering Financials: Revenue, Profit & EBITDA
N/A
How to Apply for Vikran Engineering IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
FAQs: Vikran Engineering IPO
