Vikran Engineering IPO GMP, Price, Allotment, Profit Estimate 2025

Vikran Engineering IPO Description – Vikran Engineering is a rapidly growing Indian Engineering, Procurement, and Construction (EPC) company with a diverse project portfolio. The majority of its revenue stems from two high-potential verticals: energy and water infrastructure, each contributing 49%. The company offers comprehensive, end-to-end services, including conceptualization, design, supply, installation, testing, and commissioning, all on a turnkey basis. With a presence spanning multiple sectors such as power, water, and railway infrastructure, Vikran Engineering is well-positioned to capitalize on growth opportunities in these critical industries.

In the power sector, Vikran Engineering has established a strong presence in both power transmission and distribution. The company has successfully executed projects under various schemes, including power transmission up to the 400kV level and extra high voltage (EHV) substations up to the 765kV level. Notable projects include the construction of 132kV transmission lines and bay extension works for railway electrification. In the water sector, the company undertakes projects such as underground water distribution, surface water extraction, overhead tanks, and comprehensive distribution networks. Vikran Engineering also brings expertise in Solar EPC, specializing in ground-mounted solar projects and smart metering.

As of 31 August 2024, Vikran Engineering has completed 44 projects across 11 states, with a total executed contract value of INR 1,895.81 crore. The company is currently working on 34 ongoing projects spread across 17 states, with a total order value of INR 3,957.05 crore, including an Order Book worth INR 1,955.70 crore. This highlights the company’s robust project execution capabilities and its expanding presence across India.

Promoters of Vikran Engineering – Rakesh Ashok Markhedkar, Avinash Markhedkar, and Nakul Markehdkar

Vikran Engineering IPO Details

Vikran Engineering IPO Dates	Coming soon
Vikran Engineering Issue Price	Coming soon
Fresh issue	INR 900 crore
Offer For Sale	INR 100 crore
Total IPO size	INR 1,000 crore
Minimum bid (lot size)	Coming soon
Face Value	INR 1 per share
Retail Allocation	35%
Listing On	NSE, BSE

Vikran Engineering Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	474.21	524.31	785.95
Expenses	470.21	476.51	688.69
Net income	6.59	42.84	74.83
Margin (%)	1.39	8.17	9.52

Figures in INR Crores unless specified otherwise

Vikran Engineering Offer News

Vikran Engineering Valuations & Margins

	FY 2022	FY 2023	FY 2024 (Pre Issue)	FY 2024 (Post-Issue)*
EPS	0.45	2.89	4.92	–
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2024

	FY 2022	FY 2023	FY 2024
RONW (%)	7.39	32.67	25.69
NAV	6.02	8.85	17.20
ROCE (%)	12.31	27.98	30.37
EBITDA (%)	5.31	15.20	16.96
Debt/Equity	1.33	1.18	0.63

*Compiled by IPO Central from Prospectus

Vikran Engineering IPO GMP Today (Daily Trend)

Vikran Engineering IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

Funding working capital requirements of the company – INR 625.50 crore
General corporate purposes

Vikran Engineering – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Vikran Engineering	–	4.92	25.69	17.20	785.95
Bajel Projects	689.32	0.37	0.76	49.11	1,169.21
Kalpataru Projects	42.11	31.37	10.09	314.74	19,626.43

Vikran Engineering IPO Subscription – Live Updates

Coming soon

Shares allotted to anchor investors are not included in these calculations.

Vikran Engineering IPO Allotment Status

Vikran Engineering IPO allotment status will be available on Bigshare Services’ website. Click on this link to get the allotment status.

Vikran Engineering IPO Dates & Listing Performance

IPO Opening Date	Coming soon
IPO Closing Date	Coming soon
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
Vikran Engineering IPO Listing Date	Coming soon
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

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Vikran Engineering Offer Lead Manager

PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House, Saki Vihar Road,
Andheri East, Mumbai – 400 072 Maharashtra, India
Phone: 18008898711
Email: [email protected]
Website: www.pantomathgroup.com

Vikran Engineering Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

VIKRAN ENGINEERING LIMITED
401, Odyssey I.T. Park, Road No. 9, Wagle Industrial
Estate, Thane (W) – 400604, Maharashtra
Phone: +91-22-62638263
Email: [email protected]
Website: www.vikrangroup.com

Vikran Engineering IPO FAQs

How many shares in Vikran Engineering IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for Vikran Engineering Public Offer?

The best way to apply for Vikran Engineering’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.