Vikran Engineering to Launch ₹772 Crore IPO, Riding the Infrastructure Boom
August 21, 2025 – Mumbai – Infrastructure and EPC giant Vikran Engineering is gearing up for its initial public offering (IPO), set to open for subscription on August 26, 2025, and conclude on August 29, 2025.
The Numbers: Issue Structure & Pricing
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Total Issue Size: ₹772 crore, combining a fresh issue of approximately ₹721 crore and an Offer for Sale (OFS) worth ₹51 crore.
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Price Band: ₹92–₹97 per share.
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Lot Size: Minimum of 148 shares (₹14,356). Retail investors may apply for up to 13 lots (1,924 shares, ₹1,86,628).
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Investor Allocation:
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QIBs (Qualified Institutional Buyers): Up to 50%
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Retail Investors: At least 35%
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NIIs (Non-Institutional Investors): At least 15%.
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How the Funds Will Be Used
Proceeds from the fresh issue are slated to bolster working capital and general corporate purposes of the company. Notably, the company will not benefit from the OFS; all proceeds from that will accrue to the promoter selling shareholder.
Company Snapshot: Projects and Financials
A rapidly growing Engineering, Procurement, and Construction (EPC) firm, Vikran Engineering boasts a diversified portfolio in energy, water, and railway infrastructure domains. As of June 30, 2025, it has completed 45 projects across 14 states (contract value: ₹1,919.92 crore) and currently holds 44 ongoing projects across 16 states (order book: ₹2,442.44 crore).
Performance Metrics:
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Revenue (FY25): ₹915.85 crore, up 16.53% from ₹785.95 crore in FY24
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Profit After Tax (PAT): ₹77.82 crore (FY25), up ~4% from ₹74.83 crore in FY24
Key Dates to Track
| Event | Date |
|---|---|
IPO Opens for Subscription | August 26, 2025 |
| IPO Closes for Subscription | August 29, 2025 |
| Basis of Allotment | September 1, 2025 |
| Shares Credited to Demat | September 2, 2025 |
| Listing Date (BSE/NSE) | September 3, 2025 |
Strategic Context: Why Now?
India is witnessing a massive infrastructure push under initiatives like the National Infrastructure Pipeline (NIP) and Gati Shakti, with EPC firms at the forefront of executing large-scale energy, water, and rail projects. For Vikran Engineering, this IPO is more than a capital-raising exercise—it’s a timely lever to scale operations and capitalize on burgeoning demand.
Final Thoughts
Vikran Engineering’s IPO emerges at a pivotal moment—leveraging infrastructure tailwinds and its growing project base. With robust financials and a solid order book, the company presents a compelling case for investors bullish on India’s infrastructure growth story. Whether you're a retail investor or institutional player, this IPO offers a strategic entry point into a well-positioned EPC firm heading into a promising future.
Reviewed by Aparna Decors
on
August 21, 2025
Rating:
