Open interest in Vikran Engineering IPO has been phenomenal as by the third day of submissions, the total subscriptions had crossed 7 times. Trading in the grey market is steady and as the expiry date is close, there are no surprises on the issue’s closing date.
Vikran Engineering IPO Day 3 Subscription Update
Mumbai’s Vikran Engineering Limited is carrying out activities in the engineering, procurement, and construction (EPC) area. By their asset-light business model, the company has become a one-stop shop for the clients for all their needs, regardless of whether it is power transmission, water, or railways sector, and irrespective of the project scale/size.
Positive Trend of IPO and Encouraging Participation of the Public
The issue of the Vikran Engineering IPO started the Indian primary market on Tuesday, August 26, 2025, and will be available for subscription until Friday, August 29, 2025. By the third day of bidding, the issue reflected strong investor enthusiasm, particularly in the retail and non-institutional investor categories.
At 11:03 AM on Day 3, the subscription overall reached 7.23 times. The investors from the retail segment invested Rs.6.58 crore that corresponds to the level of 6.58 times, whereas the non-institutional investor (NII) segment surged to 17.13 times. The qualified institutional buyer (QIB) segment, however, posted a relatively small amount of 0.94 times of the subscription at that particular time.
Grey Market Premium (GMP) Trend
The Vikran Engineering IPO grey market premium (GMP) was at ₹13 per share without any change from Day 2, but a bit lower compared to the previous day when it was ₹14. Even with wider market volatility and selling pressure in the Indian equities market, the GMP is still showing steady support for the IPO. Grey market movements can be one of the leading signals of listing expectations and the stable GMP for Vikran Engineering suggests that strong demand from investors before the stock market debut is the correct call.
Key IPO Details
- Issue Closing Date: August 29, 2025
- Probable Allotment Date: August 30, 2025 (or September 1, 2025, in case of a delay)
- Expected Listing Date: September 3, 2025
- Price Band: ₹—₹97 per share (upper band valuation)
Also Read: Vikran Engineering IPO Opens Today: Subscription Window and Key Highlights Explained
Valuation Range: The problem is designed to be a price-to-earnings (P/E) ratio of approximately 22x-32x for FY25 with peers in the same sector, thus making a competitive issue.
Sectoral Advantage and Growth Drivers
Vikran Engineering has broad its presence in several infrastructure verticals such as:
- Power Transmission: Helping the modernization of the grid in India and the incorporation of renewable energy.
- Water Infrastructure: Being the major contributor to large-scale public projects such as the Jal Jeevan Mission which aims to provide tap water connections to households.
- Railways: Doing the work of track electrification, signaling, and other EPC contracts that are allied.
Also Read: Vikran Engineering Gears Up for ₹772 Crore IPO with Strong Infrastructure Portfolio
The infrastructure boom in India, which is mainly supported by government schemes like the Revamped Distribution Sector Scheme (RDSS) and the continuous investments in water supply and rail networks, is a very good opportunity for EPC players like Vikran Engineering.
What Investors Should Watch
The Vikran Engineering IPO has attracted significant market traction due to robust retail and NII participation, coupled with sustained GMP levels. The investor’s interest indicates the company’s diversified order book, asset-light model, and the capability to utilize infrastructure growth in India as the reasons for their trust. The occurrence of the allotment and listing dates will be very important events for the participants who have been tracking the debut performance of the stock.
FAQ’s
Q1. What is the Vikran Engineering IPO subscription status on Day 3?
On the third day, the IPO had been overall subscribed 7.23 times with retail and NII investors showing the most enthusiasm.
Q2. What is the grey market premium (GMP) for Vikran Engineering IPO today?
The GMP for Vikran Engineering IPO is ₹13 per share and has not changed on August 27, 2025.
Q3. When is the expected listing date for Vikran Engineering IPO?
The listing of the IPO is anticipated to be on September 3, 2025, subject to allotment confirmation.
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