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VIKRAN IPO

Vikran Engineering Limited

IPO Doc

Start Date26-08-2025

Application Timing10am-5pm

Price Range₹92 - ₹97

Min Qty148

Min. Investment₹13616

Listing Date03-09-2025

Close Date29-08-2025

About Vikran Engineering Limited

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.

Why To Invest in Vikran Engineering Limited

Diversified Business Portfolio – Presence across power, water, railway, and solar infrastructure sectors reduces dependency on a single vertical.

Robust Order Book – Strong ongoing and upcoming projects worth over Rs. 51,202.07 million provide long-term revenue visibility.

Steady Financial Growth – Revenue increased by 17% and PAT rose by 4% between FY24 and FY25, showcasing stable financial performance.

Strong Margins & Ratios – EBITDA margin of 17.50% and PAT margin of 8.44% indicate operational efficiency.

Experienced Promoters & Management – Led by industry veterans, the company benefits from domain expertise and strategic execution.

Government-backed Clients – Association with reputed government organizations adds credibility and ensures sustainable demand.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	1,354.68	959.79	712.47
Total Income	922.36	791.44	529.18
Profit After Tax	77.82	74.83	42.84
EBITDA	160.24	133.30	79.71
Net Worth	467.87	291.28	131.14
Reserves and Surplus	449.52	290.95	130.85
Total Borrowing	272.94	183.39	154.92

Strengths And Risks

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.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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INH000013332

AMFI Registration:

ARN-35911

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Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
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The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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VIKRAN IPO

About Vikran Engineering Limited

Why To Invest in Vikran Engineering Limited