Vikran Engineering IPO, Upcoming IPO: Vikran Engineering Restricted (VEL), an engineering, procurement, and development (EPC) agency, is ready to launch its preliminary public providing (IPO) on Tuesday, August 26, 2025, with the subscription window closing on Friday, August 29, 2025.
The corporate has fastened a worth band of Rs 92 to Rs 97 per fairness share of face worth Rs 1 every. Traders can bid for at least 148 fairness shares and in multiples thereafter.
Vikran Engineering IPO: Challenge measurement, construction
The IPO contains a recent challenge of shares price Rs 721 crore and a suggestion on the market (OFS) of Rs 51 crore by promoter Rakesh Ashok Markhedkar, taking the entire challenge measurement to Rs 772 crore.
Proceeds from the recent challenge shall be used primarily as follows:
Working capital necessities amounting to Rs 541 crore and normal company functions
What does the corporate do?
In keeping with a CRISIL report, Vikran Engineering has outpaced trade averages in income development between FY23–25.
The corporate operates throughout vitality, water, railways, and photo voltaic EPC segments, providing turnkey providers together with design, provide, set up, testing, and commissioning.
IPO allocation construction
The supply is being made by way of the book-building course of, with:
As much as 50 per cent reserved for certified institutional consumers (QIBs)
15 per cent for non-institutional traders (NIIs)
35 per cent for retail particular person traders (RIIs)
Who’re BRLMs, registrar
The IPO is being managed by Pantomath Capital Advisors and Systematix Company Companies, whereas Bigshare Companies Non-public performing because the registrar.
Vikran Engineering’s monetary efficiency
Income from operations grew 16.53 per cent, from Rs 785.95 crore in FY24 to Rs 915.85 crore in FY25. Web revenue rose 3.99 per cent, from Rs 74.83 crore in FY24 to Rs 77.82 crore in FY25.
Vikran Engineering order guide
As of June 30, 2025, the corporate has efficiently executed 45 initiatives throughout 14 states, price Rs 1,919.92 crore and 44 ongoing initiatives throughout 16 states, with a complete order guide of Rs 5,120.21 crore, together with confirmed orders of Rs 2,442.44 crore.
Vikran Engineering’s shoppers
Vikran Engineering’s clientele consists of marquee authorities entities corresponding to NTPC, Energy Grid, South and North Bihar Energy Distribution Firms, Transmission Company of Telangana, Madhya Pradesh Energy Transmission Firm, and the State Water and Sanitation Mission. It is usually engaged in initiatives for Assam Energy Distribution Firm and the Jap Central Railway (Danapur Division).
