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Vikran Engineering Limited IPO
Issue Size (Net)
up to Rs.772.00 Cr
Price Band
Rs.92 to Rs.97 per share
Issue Opens
August 26, 2025
Issue Closes
August 29, 2025

Company Highlights

1. Company Information

Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) company. The company's projects include underground water distribution and surface water extraction, overhead tanks, and distribution networks. Service Sectors: Power Transmission and Distribution: Specializing in extra-high voltage (EHV) substations up to 400kV and comprehensive power distribution solutions. Water Infrastructure: Engaged in projects involving underground water distribution, surface water extraction, overhead tanks, and distribution networks. Railway Infrastructure: Providing services in railway infrastructure projects. Solar Energy: Expanding presence in solar EPC projects. As of June 30, 2025, the company has completed 45 projects across 14 states with a total executed contract value of Rs 19,199.17 million. As of June 30, 2025, they have 44 ongoing projects across 16 states, aggregating orders of Rs 51,202.07 million, of which the Order Book is Rs 24,424.39 million. The company's clients in the government sector include NTPC Limited, Power Grid Corporation of India Limited, South Bihar Power Distribution Co. Ltd., North Bihar Power Distribution Co. Ltd., Transmission Corporation of Telangana Limited and more.

2. Competitive Strengths

1) One of the fast-growing engineering, procurement and construction (“EPC”) companies, with timely execution of power transmission and distribution and water infrastructure sector.
2) Diversified Order Book across business verticals and consistent financial performance
3) Asset light model
4) In-house technical and engineering capabilities, process control and quality assurance
5) Experienced promoters and management team, having domain knowledge

3. Vikran Engineering IPO Registrar
Bigshare Services Pvt.Ltd.

Phone:+91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com

Vikran Engineering Limited Financial Information (Restated Consolidated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
EBITDA
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-25
1,354.68
922.36
77.82
160.24
467.87
449.52
272.94
31-Mar-24
959.79
791.44
74.83
133.3
291.28
290.95
183.39
31-Mar-23
712.47
529.18
42.84
79.71
131.14
130.85
154.92
Amount in Rs. Crore

Vikran Engineering IPO Details

Issue Opening Date August 26, 2025 
Issue Closing Date August 29, 2025
Face Value Rs.1 per share
Price Rs.92 to Rs.97 per share
Lot Size 148 Shares
Sale Type Fresh Capital-cum-Offer for Sale
Total Issue Size 7,95,87,627 shares (aggregating up to Rs.772.00 Cr)
Fresh Issue 7,43,29,896 shares (aggregating up to Rs.721.00 Cr)
Offer for Sale 52,57,731 shares of Rs.1 (aggregating up to Rs.51.00 Cr)
Employee Discount Rs.36.00
Issue Type Bookbuilding IPO
Listing At BSE, NSE

Vikran Engineering IPO Timeline (Tentative Schedule)

Event Tentative Date
Opening Date Tue, Aug 26, 2025
Closing Date Fri, Aug 29, 2025
Tentative Allotment Mon, Sep 1, 2025
Initiation of Refunds Tue, Sep 2, 2025
Credit of Shares to Demat Tue, Sep 2, 2025
Listing Date Wed, Sep 3, 2025
Cut-off time for UPI mandate confirmation 5 PM on August 29, 2025

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

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