1. The scope and organization of the important problem An offer-for-sale (OFS) of ₹51 crore and a new issue of ₹721 crore make up Vikran Engineering’s ₹772 crore IPO. The Times of Finance The Financial Express The Economic Times.
2. Attractive Lot Dimensions and Cost With IPO prices ranging from ₹92 to ₹97 per share, investors must bid for a minimum of 148 shares, or ₹14,356 for one lot of The Economic Times mint Zerodha.
3. Anchor Investments Are Strongly Adopted Just before the issue opening, the company secured ₹231.6 crore from anchor investors, including Bank of India Mutual Fund ITI MF, SBI General Insurance, and Societe Generale, demonstrating strong institutional trust. The Times of Finance The Times of Finance Take charge of your money.
4. Grey Market Premium Signals Strong Sentiment
The grey market premium (GMP) has surged to 17–21%, suggesting the IPO may list at ₹113–₹118, well above the issue price.
5. Support from Key Brokers
Brokerages such as Anand Rathi commend the company’s strong order book, diverse project base, and scalable execution model—rating the IPO as a “Subscribe for Long Term” opportunity Business Standard.
6. A Comprehensive Order Book for Each EPC Division As of June 2025 Vikran Engineering had completed 45 projects across 14 states, according to the Financial Express newspaper. The company also had over ₹2,400 crore in backlog orders for solar, water, railway, and power infrastructure.
7. Expanding the Business Using IPO Funds The ₹541 crore will be utilized for basic business needs, with the majority going towards working capital.
Summary Table
Feature Details
IPO Size ₹772 crore (Fresh: ₹721 cr; OFS: ₹51 cr)
Price Band ₹92–₹97 per share
Lot Size 148 shares (₹14,356)
Anchor Funding ₹231.6 crore secured
GMP 17–21%, implying strong listing potential
Company Strengths Strong EPC order book & execution
Use of Funds Working capital & corporate needs.