Ashish Kachoia-backed Vikran Engineering IPO allotment likely today. Check status, GMP and other details – News Air Insight

The allotment of shares in Vikran Engineering’s Rs 772-crore initial public offering is set to be finalised today, setting the stage for the EPC company’s market debut on the BSE and NSE this Wednesday, September 3. Investors who applied between August 26 and 29 can now check whether they received shares.

The offering drew heavy demand, subscribed to 24.87 times overall. Retail bids came in at 11.56 times the shares on offer, while non-institutional investors piled in at 61.77 times. Qualified institutional buyers subscribed 20.51 times.

Market participants point to Vikran’s Rs 24,400-crore order book as of June 30 and its diversified operations across power, water, railways and solar infrastructure as key factors behind the appetite.

The company, backed by marquee investors including Ashish Kacholia and Mukul Agarwal, had raised Rs 231.6 crore from anchor investors ahead of the issue.

Vikran Engineering IPO GMP

In the unlisted market, Vikran’s shares are trading at a roughly 6% premium to the IPO price of Rs 97, implying a listing price in the Rs 103–104 range, though final gains will depend on debut-day conditions.

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

Refunds for unallotted investors will be processed on September 2, while successful bidders will receive shares in their demat accounts the same day.

Vikran Engineering financials

Financially, Vikran reported a 17% jump in revenue to Rs 922 crore in FY25, with net profit climbing to Rs 77.8 crore.

Also read | Reliance Jio IPO set for 2026, analysts see tariff hike and execution risks ahead

With strong subscription, high-profile backers and a modest grey market premium, Vikran’s listing will be closely tracked as a barometer for sentiment toward infrastructure and EPC offerings.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)