The EPC company, which has operations spanning power, water, railways and solar infrastructure, is set to list on the BSE and NSE on Wednesday, September 3.
IPO subscription
The IPO drew strong investor interest, being subscribed 24.87 times overall. The retail portion was booked 11.56 times, while the non-institutional investor (NII) quota saw a staggering 61.77 times demand. Qualified institutional buyers (QIBs) subscribed 20.51 times.Market watchers say the strong demand was driven by Vikran’s robust order book of over Rs 24,400 crore as of June 30, along with its diversified presence across core infrastructure sectors.
The company had also raised Rs 231.6 crore from anchor investors ahead of the issue. Marquee names such as Ashish Kacholia and Mukul Agarwal back the company.
Grey Market Premium (GMP)
In the unlisted market, the shares of Vikran Engineering are trading at a grey market premium of around 7% over the issue price of Rs 97. This indicates an expected listing price of about Rs 104–105 per share, though actual listing gains will depend on market conditions at debut.On the financial front, the company reported a 17% rise in revenue to Rs 922 crore in FY25, while profit after tax increased to Rs 77.8 crore.
How to check Vikran Engineering IPO allotment status
Investors can check their allotment status through the registrar’s website as well as the exchanges. Here are the direct links:
Via Registrar website (https://ipo.bigshareonline.com/ipo_status.jsp)
Select Vikran Engineering IPO
Enter PAN number, application number, or DP/Client ID
Via BSE Website (https://www.bseindia.com/investors/appli_check.aspx)
Select Equity
Enter PAN number or application number to know the status
What’s next
Refunds for unallotted investors will be initiated on September 2, while successful bidders will receive credit for shares in their demat accounts the same day. The stock will be listed on September 3 on both BSE and NSE.
Financials
On the financial front, the company reported a 17% rise in revenue to Rs 922 crore in FY25, while profit after tax increased to Rs 77.8 crore.
With high-profile anchor backing and a modest GMP, the listing performance of Vikran Engineering will be closely watched as a test case for investor sentiment in the infrastructure and EPC space.
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