Vikran Engineering IPO subscribed 10 times so far on day 3; check allotment steps

Vikran Engineering IPO will conclude for public subscription on Friday, August 29, paving the way for the basis of allotment ahead of the stock market listing.

The initial share sale aims to raise ₹772 crore via fresh issuance of shares aggregating to ₹721 crore and an offer for sale valued at ₹51 crore by promoter Rakesh Ashok Markhedkar.

The objectives of the offer include funding working capital requirements and general corporate purposes.

The price range is fixed at ₹92 to ₹97 per share, and a lot consists of 148 shares.

Vikran Engineering IPO: Subscription details

As of day 3 until 12:25 pm, the issue has been subscribed 10.08 times, with bids for 59,20,45,288 equity shares against 5,87,39,128 shares on offer, according to the NSE data.

The part reserved for non-institutional investors fetched 27.52 times subscription, while the category for retail individual investors (RIIs) got booked 7.79 times. The qualified institutional buyers' (QIBs) portion received a 1.00 times subscription.

Vikran Engineering is an EPC company, offering end-to-end services ranging from conceptualisation, design, supply, installation, testing, and commissioning on a turnkey basis.

Vikran Engineering IPO allotment date

Vikran Engineering IPO allotment status is likely to be finalised on Monday, September 1, and the details will be published on NSE, BSE, and Bigshare Services.

Vikran Engineering IPO allotment status on Bigshare Services; check full steps

• Go to the registrar's IPO status page: www.bigshareonline.com/ipo_Allotment.html
• Hit on any of the three servers available
• Select 'Vikran Engineering Limited' from the list of IPOs
• Enter any one: application number, PAN or beneficiary ID
• Click on 'Search'

How to check Vikran Engineering IPO allotment online status on NSE

• Visit NSE's IPO status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Pick 'Vikran Engineering Limited' with symbol ‘VIKRAN’
• Fill in personal details like PAN and application number
• Hit 'Submit'

Steps to check Vikran Engineering IPO allotment status on BSE

• Head to this link: https://bseindia.com/investors/appli_check.aspx
• Keep issue type as 'Equity'
• Select 'Vikran Engineering Limited' from the 'Issue Name' list
• Add PAN or application number
• Click on the 'Search' button

Vikran Engineering IPO latest GMP

According to media reports and investorgain.com, the unlisted shares of the Vikran Engineering IPO are trading at ₹109 per share, reflecting a grey market premium of 12.37% over the upper price band of ₹97.