Vikran Engineering Announces IPO with Price Band of ₹92-97, 23% Grey Market Premium

1 min read     Updated on 22 Aug 2025, 05:54 PM
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Radhika SahaniBy ScanX News Team
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Overview

Vikran Engineering, an EPC firm, announces its IPO with a price band of ₹92-97 per share, set to open from August 26 to 29. The offering includes a fresh issue of ₹721 crore and an offer for sale of ₹51 crore. The company plans to use ₹541 crore for working capital. Vikran has completed 45 projects across 14 states, with 44 ongoing projects worth ₹5,120 crore. Clients include NTPC and Power Grid Corporation. The company's revenue grew by 16.54% to ₹916 crore in FY25, with a 4% increase in profit after tax to ₹78 crore.

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*this image is generated using AI for illustrative purposes only.

Vikran Engineering, a prominent player in the engineering, procurement, and construction (EPC) sector, has set the stage for its initial public offering (IPO) with an attractive price band and a notable grey market premium.

IPO Details

  • Price Band: ₹92 to ₹97 per equity share
  • Subscription Period: August 26 to August 29
  • Grey Market Premium: Approximately 23% over the issue price

Offer Structure

The IPO comprises two components:

  • Fresh issue worth ₹721.00 crore
  • Offer for sale amounting to ₹51.00 crore

A significant portion of the fresh issue proceeds, ₹541.00 crore, is earmarked for funding the company's working capital requirements.

Company Overview

Vikran Engineering operates as an EPC firm with a diverse project portfolio spanning across:

  • Energy sector
  • Water infrastructure
  • Railway projects
  • Solar sector

Project Track Record

The company boasts an impressive track record:

  • Completed 45 projects across 14 states
  • Total executed contract value: ₹1,920.00 crore
  • Currently maintaining 44 ongoing projects worth ₹5,120.00 crore

Key Clients

Vikran Engineering's client roster includes major players in the power and infrastructure sectors:

  • NTPC
  • Power Grid Corporation of India
  • Various state power distribution companies

Financial Performance

The company has shown strong financial growth:

Metric FY24 FY25 Growth
Revenue 786.00 916.00 16.54%
Profit After Tax 75.00 78.00 4.00%

Market Sentiment

The 23% grey market premium indicates positive investor sentiment towards the IPO, suggesting strong market interest in Vikran Engineering's public offering.

As Vikran Engineering prepares to enter the public market, investors will be closely watching this IPO, given the company's strong project pipeline and financial growth trajectory in the EPC sector.

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