In Short : Vikran Engineering is launching an IPO for ₹772 crore, with a price range of ₹92 to ₹97 per share. Subscriptions will be accepted from August 26 to August 29, 2025.
Supporting Growth and Expansion
The IPO consists of a ₹51 crore offer-for-sale (OFS) by the promoter and a ₹721 crore additional equity infusion. The funds will mostly be used for general corporate reasons and working capital needs (₹541 crore), which will allow the business to expand and improve its financial standing.
Relevance of Clean Energy
Vikran Engineering, a prominent EPC (Engineering, Procurement, and Construction) company that specializes in renewable energy and infrastructure projects, such as rail, water, power, and solar systems, is essential to India’s transition to clean energy.
About Vikran Engineering
Since its founding in 2008, Vikran Engineering has completed 45 projects in 14 states and has more than ₹5,120 crore in current orders. Railway electrification, water infrastructure, and power transmission and distribution are among the sectors. The company’s revenue in FY25 exceeded ₹915 crore, while its PAT approached ₹78 crore, indicating steady financial progress. Bigshare Services will handle allocations, Systematix Corporate Services and Pantomath Capital Advisors will manage book-building, and the IPO will be listed on both the BSE and NSE.
