Vikran Engineering, a Maharashtra-based EPC firm specializing in energy and water management, will launch its ₹772 crore initial public offering (IPO) on August 26. The company has set a price band of ₹92–97 per share, with proceeds from the fresh issue earmarked for working capital needs.
Vikran Engineering Limited, headquartered in Maharashtra, operates in the engineering, procurement, and construction (EPC) sector with expertise in energy, water, and railway infrastructure projects. The company provides end-to-end turnkey solutions including design, supply, installation, testing, and commissioning, serving major state-owned enterprises and government-led missions.
The IPO, valued at ₹772 crore, comprises a fresh issue of ₹721 crore and an offer for sale (OFS) of ₹51 crore by existing promoters and shareholders. The funds raised will primarily be directed toward strengthening the company’s working capital base to support the execution of ongoing and upcoming large-scale infrastructure projects.
The subscription window for the IPO will remain open from August 26 to August 29, 2025, while the anchor book opens on August 25, 2025. The basis of allotment will be finalized on September 1, refunds and credit of shares to demat accounts are scheduled for September 2, and the company’s stock is slated to debut on the exchanges on September 3, 2025.
Vikran Engineering has built a strong client portfolio with projects delivered for NTPC, Power Grid Corporation of India, Transmission Corporation of Telangana, Madhya Pradesh Power Transmission Company, District Water and Sanitation Mission (PHED), and State Water and Sanitation Mission (SWSM).
Pantomath Capital Advisors and Systematix Corporate Services are serving as the book running lead managers for this IPO.
How Investors Can Apply and Check Allotment
Investors can apply for the Vikran Engineering IPO through ASBA (Applications Supported by Blocked Amount) using their net banking facility or through UPI-enabled brokers and apps.
Once the IPO subscription closes, investors can check their allotment status using the following steps:
- Through BSE Website
- Visit the BSE IPO Allotment page.
- Select Equity, choose Vikran Engineering Limited from the dropdown.
- Enter application number or PAN, and click Search.
- Visit the BSE IPO Allotment page.
- Through NSE Website
- Go to the NSE IPO Allotment page.
- Log in with PAN and application number to view allotment details.
- Go to the NSE IPO Allotment page.
- Through Registrar’s Website
- Visit the official registrar’s website (details will be provided in the company’s IPO prospectus).
- Enter PAN, DP/Client ID, or application number to check status.
- Visit the official registrar’s website (details will be provided in the company’s IPO prospectus).
- Via Brokers and Demat Accounts
- Many brokers such as Zerodha, Groww, Angel One, and ICICI Direct notify clients directly through app notifications and email once allotment is finalized.
- Many brokers such as Zerodha, Groww, Angel One, and ICICI Direct notify clients directly through app notifications and email once allotment is finalized.
Investors who receive allotment will see shares credited to their demat accounts by September 2, 2025, while others will receive refunds on the same date
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