Vikran Engineering share price: Stock makes tepid debut, lists at 2% premium on NSE; here's how much investors gained per lot

The stock listed at ₹99 apiece on the National Stock Exchange (NSE), reflecting a premium of 2.06% over the issue price of ₹97.

On the BSE, the scrip started trading at ₹99.7, up 2.78%.

Vikran Engineering share price: Here's how much investors gained

With a price range of ₹92 to ₹97 per share, the ₹772 crore initial share sale consisted of a fresh issuance of shares totalling ₹721 crore and an offer for sale of ₹51 crore.

The initial public offering attracted bids for 1,38,59,19,508 shares, which shows a 23.59 times subscription compared to 5,87,39,128 shares on offer.

Non-institutional investors, or NIIs, led the bidding, subscribing the portion reserved for them 58.58 times. They submitted applications for 73,73,70,484 shares as against 1,25,86,956 shares on offer.

The qualified institutional buyers (QIBs) quota was subscribed 19.45 times, as they applied for 32,64,46,412 shares compared to 1,67,82,608 shares on offer.

The retail investors category fetched a 10.97 times subscription, with bids for 32,21,02,612 equity shares compared to 2,93,69,564 shares reserved.

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

Vikran Engineering, which offers engineering, procurement and construction (EPC) services, provides end-to-end services, ranging from conceptualisation and design to testing and commissioning on a turnkey basis.

It has a presence across sectors like power, water, and railway infrastructure and has successfully executed projects for government entities, public sector undertakings (PSUs), and private companies.

The company had reported a 16.52% increase in its revenue from operations to ₹915.84 crore in the financial year 2024-25, compared to ₹785.94 crore a year back. Net profit climbed 3.98% to ₹77.81 crore as against ₹74.83 in the preceding fiscal year.