Vikran Engineering IPO GMP: Price, Dates, Review & Listing Details

The Vikran Engineering IPO GMP has become a hot topic among investors as the company, a strong EPC player, enters the capital markets with its public issue worth ₹772 crores. With a solid order book and presence across power, water, railway, and solar sectors, this IPO has already gained strong attention.

In this article, we’ll cover the Vikran Engineering IPO GMP trend, IPO details, company overview, financials, and expected listing gains.

Vikran Engineering IPO GMP Today

The latest Vikran Engineering IPO GMP is ₹17 (as of August 25, 2025, 10:54 AM). With the price band fixed at ₹92–97 per share, the estimated listing price is ₹114 per share (cap price + today’s GMP).

This suggests an expected listing gain of 17.53% per share, making it attractive for short-term investors.

Vikran Engineering IPO Details

• IPO Type: Book Build Issue

• IPO Size: ₹772.00 Crores

• Fresh Issue: 7.43 Crore Shares (₹721.00 Cr)

• Offer for Sale (OFS): 0.53 Crore Shares (₹51.00 Cr)

• Price Band: ₹92 – ₹97 per share

• Lot Size: 148 shares

• Retail Minimum Investment: ₹13,616 (148 shares)

• sNII Minimum Investment: 14 lots (2,072 shares) = ₹2,00,984

• bNII Minimum Investment: 70 lots (10,360 shares) = ₹10,04,920

• IPO Open Date: August 26, 2025

• IPO Close Date: August 29, 2025

• Allotment Date: September 1, 2025

• Listing Date (Tentative): September 3, 2025

• Listing Exchange: BSE, NSE

About Vikran Engineering Limited

Incorporated in 2008, Vikran Engineering Ltd. is an Engineering, Procurement, and Construction (EPC) company delivering projects across multiple infrastructure sectors.

Key Business Areas:

• Power Transmission & Distribution – Specializes in extra-high voltage (EHV) substations up to 400kV and distribution networks.

• Water Infrastructure – Engaged in underground water distribution, surface water extraction, and overhead tanks.

• Railway Infrastructure – Execution of major railway-related EPC projects.

• Solar Energy – Expanding into EPC solutions for solar projects.

Project Execution:

• Completed 45 projects across 14 states worth ₹19,199.17 million.

• Ongoing 44 projects across 16 states with a total value of ₹51,202.07 million, including an order book of ₹24,424.39 million.

Client Base:

Government clients include NTPC, Power Grid Corporation of India, Transmission Corporation of Telangana, and multiple state power distribution companies.

With 761 employees, the company has strong execution capabilities in high-value infrastructure projects.

Competitive Strengths

• Fast-growing EPC company with proven project execution.

• Diversified order book across power, water, railway, and solar sectors.

• Asset-light business model enhancing efficiency.

• In-house technical and engineering expertise.

• Experienced promoters & management team with domain knowledge.

Financial Performance of Vikran Engineering

The company has shown steady financial growth in recent years.

Revenue increased by 17%, while PAT grew by 4% between FY24 and FY25.
This demonstrates stability and consistent project execution despite sector challenges.

Should You Apply for Vikran Engineering IPO?

The Vikran Engineering IPO GMP of ₹17 indicates positive grey market sentiment, reflecting an expected listing gain of around 17.5%.

Why investors may consider applying:

• Strong order book with government-backed projects.

• Diversified presence across multiple infrastructure sectors.

• Financial consistency with steady revenue growth.

• Attractive GMP trend showing listing premium potential.
  
  

However, investors should also factor in sector risks such as project delays, high competition, and working capital needs.

Conclusion

The Vikran Engineering IPO GMP today stands at ₹17, suggesting a healthy listing gain expectation. With its diversified EPC portfolio, solid order book, and consistent financials, the company has established itself as a strong player in infrastructure.

For short-term investors, the GMP trend indicates potential listing gains, while for long-term investors, Vikran Engineering’s growth in power, water, and solar infrastructure makes it a promising bet.

Stay tuned for daily updates on Vikran Engineering IPO GMP, subscription status, and expected listing price.