Vikran Engineering IPO fully subscribed on day 1: Check price band, lot size, and key dates

Vikran Engineering IPO: Infrastructure EPC company Vikran Engineering's ₹772 crore initial share sale was fully subscribed on the first day of bidding on Tuesday, August 26. The issue will end on Friday, August 29. The price band is fixed at ₹92 to ₹97 per share.

The initial share sale is an issuance of new equity shares valued at ₹721 crore as well as an offer for sale (OFS) of ₹51 crore.

The funds generated will be used for working capital requirements and general corporate purposes.

Vikran Engineering IPO: Subscription details

Vikran Engineering IPO: Lot size

The application size is one lot or 148 shares. The company has reserved 50% of the offer for qualified institutional buyers (QIBs), 35% for retail investors and a pending 15% for non-institutional investors.

Before the IPO, Vikran Engineering attracted ₹231.6 crore from anchor investors, including Bank of India Mutual Fund (MF), Samco MF, ITI MF, IMAP India, SBI General Insurance, Bengal Finance and Investment, Societe Generale and VPK Global, among others.

Vikran Engineering IPO key dates

The basis of allotment of Vikran Engineering will be finalised on September 1. The refunds for non-allottees will be processed on September 2, while shares will be credited to the Demat account of successful investors on the same day. The listing on NSE and BSE will occur on September 3.

Pantomath Capital Advisors and Systematix Corporate Services are the IPO's book-running lead managers, while Bigshare Services serves as the registrar.

Vikran Engineering is an Engineering, Procurement & Construction (EPC) company, providing end-to-end services from conceptualisation, design, installation, testing, and commissioning on a turnkey basis.

As of June 2025, the firm has completed 45 projects across 14 states with a contract value of ₹1,920 crore. It has 44 ongoing projects, aggregating orders valued at ₹5,120 crore.

Vikran Engineering IPO latest GMP

According to media reports and investorgain.com, the unlisted shares of Vikran Engineering are trading at ₹118 per share, reflecting a grey market premium of 21.65% over the upper price band of ₹97.