Vikran Engineering Ltd. is launching its much-anticipated Initial Public Offering (IPO), which will open for subscription on August 26, 2025, and close on August 29, 2025. The company, a well-established player in the Engineering, Procurement, and Construction (EPC) sector, is looking to raise ₹1,000 crore through this issue.
The IPO consists of a fresh issue of ₹900 crore and an offer for sale (OFS) of ₹100 crore. Post issue, the shares will be listed on both the BSE and NSE, with the tentative listing date scheduled for September 3, 2025.
Vikran Engineering IPO Details
- IPO Opening Date: August 26, 2025
- IPO Closing Date: August 29, 2025
- Allotment Date: September 1, 2025
- Refunds & Demat Credit: September 2, 2025
- Listing Date: September 3, 2025
- Issue Type: Book Building IPO
- Face Value: ₹1 per share
- Issue Size: ₹1,000 crore (Fresh Issue ₹900 crore + OFS ₹100 crore)
- Listing At: BSE, NSE
- Lot Size & Price Band: To be announced
Reservation:
- QIBs: Not more than 50% of the offer
- Retail Investors: Not less than 35% of the offer
- NIIs: Not less than 15% of the offer
About Vikran Engineering Ltd.
Founded in 2008, Vikran Engineering Limited is a diversified EPC company with expertise across multiple sectors:
- Power Transmission & Distribution: Projects up to 400kV EHV substations and distribution solutions.
- Water Infrastructure: Underground water distribution, overhead tanks, and supply networks.
- Railway Infrastructure: EPC services for railway projects.
- Solar Energy: Expanding into solar EPC projects.
As of August 31, 2024, the company successfully executed 44 projects across 11 states with a contract value of ₹18,958.14 million, and has 34 ongoing projects worth ₹39,570.55 million. Its strong client base includes government entities such as NTPC, Power Grid Corporation of India, and Transmission Corporation of Telangana Limited.
Financial Performance
Vikran Engineering has shown consistent growth:
- Total Income (FY24): ₹791.44 crore
- Profit After Tax (FY24): ₹74.83 crore
- EBITDA (FY24): ₹133.30 crore
- ROE: 25.69%
- ROCE: 30.37%
- PAT Margin: 9.46%
With a Debt/Equity ratio of 0.63, the company maintains a healthy balance sheet, making it a strong contender in the EPC space.
Conclusion
The Vikran Engineering IPO presents investors with an opportunity to participate in a company with a proven track record, robust order book, and presence across multiple infrastructure verticals. Investors should watch out for the final price band and lot size, which will determine the investment entry point.
