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Vikran Engineering IPO: Price Band, Dates, GMP and Business Overview

Vikran Engineering is set to open its ₹772 crore IPO tomorrow (August 26). Strong grey market signals suggest a 17% premium, indicating healthy investor appetite. Here are the key details investors should know before applying.
11:03 AM Aug 25, 2025 IST | Aakash Khuman
Vikran Engineering is set to open its ₹772 crore IPO tomorrow (August 26). Strong grey market signals suggest a 17% premium, indicating healthy investor appetite. Here are the key details investors should know before applying.
Vikran Engineering IPO Launches August 26

Vikran Engineering IPO: Vikran Engineering’s Rs.772 crore IPO will open for subscription on August 26 and close on August 29. The price band has been set at Rs.92–97 per share.

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Grey Market Premium (GMP)

The IPO is drawing strong interest in the grey market, where shares are trading at a 17% premium over the upper price band of Rs.97. This translates to a premium of about Rs.16, suggesting a potential listing around Rs.113. However, GMP is unofficial and subject to fluctuations.

IPO Structure and Allocation

The issue includes a fresh share sale worth Rs.721 crore and an offer for sale (OFS) of Rs.51 crore. Allocation will be divided as follows:

Investors can bid for a minimum of 148 shares and in multiples thereafter.

Use of Funds

Out of the fresh issue proceeds, Rs.541 crore will be used for working capital requirements, while the remaining funds will go towards general corporate purposes.

Business Overview

Vikran Engineering is a fast-growing EPC (Engineering, Procurement, and Construction) company, with a strong presence in energy, water infrastructure, railways, and solar projects.

Financial Performance

The company reported:

Lead Managers & Registrar

The IPO is being managed by Pantomath Capital Advisors and Systematix Corporate Services, while Bigshare Services is acting as the registrar.

Also Read: Patel Retail IPO Day 1: GMP, Subscription Status, and Expert Review

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