The Vikran Engineering IPO is set to open on August 26, 2025, and close on August 29, 2025, with a price band of ₹92 to ₹97 per share. The company, established in 2008 and headquartered in Mumbai, is a prominent player in the Engineering, Procurement, and Construction (EPC) sector specializing in power transmission, water infrastructure, and railway electrification projects. The Vikran Engineering IPO, valued at approximately ₹772 crore, provides investors an opportunity to participate in India’s growing infrastructure development. It aims to strengthen its balance sheet and support expansion plans through this fresh equity issuance.
₹20
₹97
₹99.00
Expert Opinions
The Vikran Engineering IPO is drawing positive market sentiment due to its established presence in India’s expanding EPC sector with a diversified portfolio spanning power transmission, railway electrification, and water infrastructure projects. The company benefits from a strong order book, timely project execution, and a pan-India presence across 22 states. Vikran’s strengths include robust financials and experienced management.
For FY 2025, it reported a Return on Equity (ROE) of 16.63%, Return on Capital Employed (ROCE) of 23.34%, and a Net Asset Value (NAV) of ₹25.49, indicating solid profitability and efficient capital utilization. Key risks involve intense industry competition, execution delays, and regulatory changes. From a long-term perspective, the Vikran Engineering IPO offers potential to participate in India’s infrastructural growth supported by government initiatives and ongoing investments in the energy and water sectors.
Investor Considerations
The Vikran Engineering IPO reflects steady company performance and sound fundamentals, with a Price to Book Value of 3.81, PAT margin of 8.44%, and a conservative debt-to-equity ratio of 0.58 for FY 2025. Operating in India’s growing EPC sector, the company benefits from a diverse portfolio including power transmission and water infrastructure projects. The sector outlook is robust due to significant government investments in infrastructure development and renewable energy. Growth prospects are positive, supported by a strong order book and expansion plans.
However, risks include project execution delays, competitive pressures, and regulatory challenges. The Vikran Engineering IPO primarily suits long-term investors looking to capitalize on India’s infrastructure uptrend, while short-term investors should consider market volatility and sector-specific fluctuations.
| Date | GMP | Trend |
|---|---|---|
| 26 Aug 2025 12.01 | ₹20 | --- |
| 25 Aug 2025 11.17 | ₹20 | --- |
| 24 Aug 2025 11.55 | ₹20 | --- |
| 23 Aug 2025 18.26 | ₹20 | --- |
| 22 Aug 2025 10.54 | ₹20 | --- |
| 21 Aug 2025 11.14 | ₹20 | Up |
| 20 Aug 2025 11.15 | ₹10 | --- |
| 19 Aug 2025 10.52 | ₹10 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting Vikran Engineering IPO’s listing performance. With a final GMP of ₹20, it projected a premium of 20.62% over the issue price of ₹97. The stock listed at ₹99, delivering a modest gain of 2.06%. This resulted in a large prediction error of 18.56%, where the GMP correctly signaled a positive listing but heavily overestimated the actual gain, reflecting poor reliability in this case.
Vikran Engineering IPO Current GMP is ₹20.
Vikran Engineering IPO Expected Returns is 20.62%.
Vikran Engineering IPO estimated listing price is ₹117.