Vikran Engineering Limited is going to launch its IPO on Aug 26, 2025, the objective of raising 772 crores (Approx) from the market. The closing date of the IPO is Aug 29, 2025, and it will be listed on the National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) on Sept 03, 2025.
About Vikran Engineering
Founded in 2008, Vikran Engineering Limited has emerged as one of the fastest-growing Engineering, Procurement, and Construction (EPC) companies in India. With a strong presence in power and infrastructure projects, the company focuses on delivering end-to-end solutions that transform communities and drive growth.
Vikran specializes in power transmission, EHV substations up to 765 kV, and power distribution projects. From 33/11 kV substations to consumer-level connections, we ensure reliable and efficient power supply. Our services cover the entire project cycle, including design, supply, civil works, construction, testing, and commissioning. This integrated approach allows the company to maintain high quality while ensuring timely execution.
At Vikran, we follow four core values that define our success:
- Employee Satisfaction – creating a motivated and skilled workforce.
- Customer Relationships – building long-term trust with clients.
- Timely Execution – completing projects ahead of schedule.
- Sustainability – delivering projects with a focus on long-term growth and environmental responsibility.
Vikran Engineering strongly believes in a customer-first approach, backed by strict quality standards and a zero-accident safety culture. The company’s respect for people, the environment, and all stakeholders drives our commitment to responsible growth.
Vikran Engineering has built a strong brand presence in government sectors and maintains an integrated supply chain that ensures smooth execution. The company’s ability to handle projects in challenging terrains and extreme conditions gives us a competitive edge.
Opportunities in a Growing Market
India’s EPC industry is expanding rapidly, supported by government initiatives like the National Infrastructure Pipeline (NIP) and Gati Shakti. These programs aim to invest over 147 trillion in infrastructure between FY2025 and FY2029. The power sector is witnessing a surge in renewable energy projects, with India targeting 500 GW of non-fossil fuel capacity by 2030. Similarly, large-scale investments in the water sector through the Jal Jeevan Mission and Smart Cities Mission are creating opportunities for sustainable development.
Expanding Beyond India
Vikran is also exploring opportunities in Africa, where growing demand for power and water infrastructure offers immense potential. With proven expertise in India, the company is confident of building a strong presence in international markets.
Vision
Vikran Engineering aims to be India’s leading fast-track EPC company in power, water, extraction infrastructure, and transportation projects. By working closely with clients, the company continues to set new benchmarks in quality, safety, and timely execution, while powering growth for communities across India and beyond.
IPO details of Vikran Engineering
| IPO Date | 26 Aug 2025 to 29 Aug 2025 |
| Offer Price | 92 to 97 per share |
| Lot Size | 148 Shares |
| Max. Retail Subscription (In Rs.) | Up to 2 lakhs |
| Face Value | 01 per share |
| Issue Size (In Cr.) (Approx) | 772 |
| Issue Type | Book Building |
| Listing In | NSE, BSE |
Investor category allocation of Vikran Engineering IPO
| Investor category | Allocation (% of the Net Issue) |
| QIBs | Up to 50% |
| Retail Individuals | At least 35% |
| NIIs/HNIs | At least 15% |
| Total | 100% |
Vikran Engineering (IPO Schedule)
| IPO Open Date | 26 Aug 2025 |
| IPO Close Date | 29 Aug 2025 |
| UPI Mandate deadline | 29 Aug 2025 (5 PM) |
| Allotment Date | 01 Sept 2025 |
| Refund Initiation | 02 Sept 2025 |
| Demat Transfer | 02 Sept 2025 |
| Listing Date | 03 Sept 2025 |
| Mandate end date | 15 Sept 2025 |
Financial Information of Vikran Engineering IPO
| Financial End | March 2023 | March 2024 | March 2025 |
| Total Assets (In Cr.) | 712.46 | 959.79 | 1354.68 |
| Revenue (In Cr.) | 529.17 | 791.43 | 922.36 |
| Profit After Tax (In Cr.) | 42.84 | 74.83 | 77.82 |
| Net Worth (In Cr.) | 131.14 | 291.28 | 467.87 |
Objective of Vikran Engineering IPO
- Funding working capital requirements of our Company; and
- General corporate purposes.
Prospectus of Vikran Engineering IPO
List of Promoters
- Rakesh Ashok Markhedkar
- Avinash Markhedkar
- Nakul Markhedkar
Registered Address of Vikran Engineering IPO
Vikran Engineering Limited
401, Odyssey I.T. Park,
Road No. 9, Wagle Industrial Estate,
Thane (W) – 400604, Maharashtra
Tel No: +91-22-62638263
Email: companysecretary@vikrangroup.com
Website: www.vikrangroup.com
Vikran Engineering IPO Registrar details
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri (East) Mumbai – 400 093
Maharashtra, India
Tel: +91 22 62638200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Vikran Engineering IPO Lead Manager details
Pantomath Capital Advisors Private Limited
Pantomath Nucleus House
Saki-Vihar Road, Andheri-East,
Mumbai-400072, Maharashtra, India
Tel: +91 1800 889 8711
E-mail: vikran.ipo@pantomathgroup.com
Investor grievance e-mail: investors@pantomathgroup.com
Website: www.pantomathgroup.com
Systematix Corporate Services Limited
The Capital, A-wing, No. 603–606
6th Floor, Plot No. C-70,
G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, India
Telephone: +91 22 6704 8000
E-mail: mb.ipo@systematixgroup.in
Investor grievance E-mail: investor@systematixgroup.in
Website: www.systematixgroup.in
FAQs
Q. What is Vikran Engineering IPO?
A. Vikran Engineering IPO is a Regular IPO. The IPO is to be listed on NSE, BSE.
Q. When Vikran Engineering IPO will open for subscription?
A. The IPO is to open on 26 Aug 2025. The IPO will close on 29 Aug 2025.
Q. What is Vikran Engineering IPO Issue Size?
A. Vikran Engineering IPO issue size is 772 crores (Approx).
Q. What is Vikran Engineering IPO Price Band?
A. Vikran Engineering IPO Price Band is 92 to 97.
Q. What is Vikran Engineering IPO Lot Size?
A. The minimum bid is 148 Shares with 14,356 amount.
Q. What is the Vikran Engineering IPO Allotment Date?
A. Vikran Engineering IPO allotment date is 01 Sept 2025.
Q. What is the Vikran Engineering IPO Listing Date?
A. Vikran Engineering IPO listing date is 03 Sept 2025.
Q. How to Check Vikran Engineering Limited IPO Allotment Status?
- Visit the official website of the IPO registrar – Bigshare Services Private Limited
- Click on “IPO Allotment Status”.
- Select Vikran Engineering Limited IPO from the dropdown menu.
- Enter your PAN, application number, or DP/Client ID.
- Click “Search” to view your allotment result.
Visit our website for the latest IPO updates and other financial information.