logo
Vikran Engineering IPO 2025: Price, Lot Size, Timeline & Key Details

Vikran Engineering IPO 2025: Price, Lot Size, Timeline & Key Details

Hans India8 hours ago
Vikran Engineering, an EPC company working in water, power, railway, and solar projects, is launching its IPO at ₹92–₹97 per share. The issue opens on August 26 and closes on August 29, with a total size of ₹772 crore.
Key Points:
Lot size: 148 shares
Investor allocation: Up to 50% for institutions, 15% minimum for non-institutional investors, 35% minimum for retail
Timeline: Anchor allocation – Aug 25 | Allotment – Sep 1 | Refunds & share credit – Sep 2 | Listing on BSE & NSE – Sep 3
Promoters: Rakesh, Avinash, and Nakul Markhedkar
Projects: 45 completed (₹1,919 crore), 44 ongoing (₹5,120 crore), current order book ₹2,442 crore
Clients: NTPC, Power Grid, Bihar & Telangana power companies
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bluestone shares rise 7% after muted debut on stock exchanges
Bluestone shares rise 7% after muted debut on stock exchanges

Economic Times

time7 minutes ago

  • Economic Times

Bluestone shares rise 7% after muted debut on stock exchanges

Company Images Omnichannel jewellery retailer Bluestone saw its shares rally to rise 7.3% to Rs 546 on the BSE on Tuesday following a muted debut on Indian stock exchanges. Shares had opened at a 1.5% discount to the IPO price of Rs 517 on the BSE, while the NSE opening price was Rs 510. The company's market capitalisation at the end of the day stood at Rs 8,262.09 crore. Early investors in Bluestone posted substantial gains following the market debut. Accel India saw an 8.1 times investment multiple at IPO price of Rs 517, while Saama Capital's investment jumped 10.6 times, and Kalaari Capital's investment rose 8.4 times. Promoter and CEO Gaurav Singh Kushwaha's stake multiplied 11.3 times. At Tuesday's closing price, Kushwaha's shares, which were worth Rs 117.2 crore before the IPO, surged to Rs 1,335.7 crore. 'When we started, the general disbelief people said was that how can anyone buy jewellery online? Jewellery requires a lot of trust and why would people buy from Bluestone? This is never going to work out. But we thought to ourselves, why does it have to be like that? Why can't jewellery be reimagined, why can't trust be built digitally and deepened physically,' Kushwaha said during his speech at the listing Rs 1540 crore public issue, comprising a fresh issue of Rs 820 crore and the remainder through an offer for sale by existing investors drew strong interest from institutional investors, while retail participation remained moderate. The non-institutional portion was subscribed just 55%, bringing overall subscription to 2.7 revenue growth, Bluestone's losses widened in FY25, driven by faster expense growth due to offline expansion and higher advertising spends. The company reported a net loss of Rs 222 crore in FY25, up from Rs 142 crore in FY24, while operating revenue rose 40% to Rs 1,770 crore. Expenses increased 42% to Rs 2,050 crore from Rs 1,445.7 crore in the previous had initially planned a Rs 1,000 crore fresh issue but later reduced it to Rs 820 crore. The offer for sale was also trimmed to 13.9 million shares from the original 24 million. Selling shareholders included Accel India, Kalaari Capital, Saama Capital, Iron Pillar Fund, and Hero Group's Sunil Kant Munjal. IvyCap Ventures, which had earlier planned to sell 3.1 million shares, did not the Rs 820 crore fresh issue, Rs 750 crore has been earmarked for working capital requirements, with the remainder allocated to general corporate purposes.'In the mid-2010s, India lacked true mid-stage capital for vertical commerce. BlueStone stayed frugal and focused, steadily broadening its catalogue, deepening manufacturing capabilities, and sharpening unit economics. The company moved through challenges with consistency, learning and building in every cycle. That discipline made today possible,' Prashanth Prakash, partner, Accel wrote in a blog post on Tuesday. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Hacking, ransom, lawsuits: Why social engineering is TCS, Cognizant's latest headache Govt easing policies to boost growth; when will industry play ball? Can new shipping laws bury the ghost of British legacy? How IDBI banker landed plush Delhi properties in Amtek's INR33k crore skimming Stock Radar: M&M hits fresh record high in August 2025; time to buy or book profits? Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus F&O Radar | Deploy Bull Call Spread in Nifty to play index reversal Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 20% in 1 year

Mangal Electrical Industries raises ₹120 crore from anchor investors ahead of IPO
Mangal Electrical Industries raises ₹120 crore from anchor investors ahead of IPO

Mint

timean hour ago

  • Mint

Mangal Electrical Industries raises ₹120 crore from anchor investors ahead of IPO

Mangal Electrical Industries has raised ₹ 120 crore from anchor investors ahead of its initial public offering (IPO). The company informed the exchanges today that it allocated 21,39,020 equity shares at ₹ 561 per share on Tuesday, August 19, 2025, to anchor investors. Some of the marquee institutions that participated in the anchor book include Abakkus Diversified Alpha Fund, LC Pharos Multi Strategy Fund VCC, Société Générale, Finavenue Capital Trust, Swyom India Alpha Fund, Sundaram Alternative Investment Trust, Imap India Capital Investment Trust, Sunrise Investment Trust, Aarth AIF Growth Fund, and Steptrade Revolution Fund. Systematix Corporate Services Limited is the sole book-running lead manager, while Bigshare Services Private Limited is the registrar to the issue. The IPO opens for subscription tomorrow (Wednesday, August 20), with the price band fixed at ₹ 533– ₹ 561 per equity share. The company aims to raise ₹ 400 crore entirely through a fresh issue of 0.71 crore shares. The allotment of shares is expected to be finalized on August 25, 2025. Retail investors can apply for a minimum of 26 shares, requiring an investment of ₹ 14,586, and a maximum of 13 lots, requiring ₹ 1,89,618. The IPO will be listed on the BSE and NSE, with a tentative listing date of August 28, 2025. The company proposes to utilize the net proceeds from the issue for repayment/prepayment (in full or in part) of certain outstanding borrowings, capital expenditure (including civil works for expanding its Unit IV facility at Reengus, Sikar District, Rajasthan), funding working capital requirements, and general corporate purposes. Incorporated in 2008, Mangal Electrical Industries Limited is engaged in manufacturing transformers used for the distribution and transmission of electricity in the power sector. The company also manufactures transformer components, including laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.

Gem Aromatics ₹451 cr IPO fully subscribed on first day of bidding
Gem Aromatics ₹451 cr IPO fully subscribed on first day of bidding

Business Standard

time2 hours ago

  • Business Standard

Gem Aromatics ₹451 cr IPO fully subscribed on first day of bidding

The initial share sale of Gem Aromatics Ltd, a manufacturer of speciality ingredients, got fully subscribed on day one of bidding on Tuesday. The initial public offering (IPO) received bids for 1,00,64,616 shares against 97,82,363 shares on offer, translating into 1.03 times subscription, as per NSE data. Retail Individual Investors (RIIs) part received 1.08 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 1.05 times. Non-institutional investors category received 88 per cent subscription. Gem Aromatics on Monday mobilised over Rs 135 crore from anchor investors. The Rs 451-crore IPO will conclude on August 21. The price band has been set at Rs 309 to Rs 325 per share. The IPO is a mix of fresh issue of equity shares worth up to Rs 175 crore and an offer for sale (OFS) of up to 85 lakh shares valued at Rs 276.25 crore. Proceeds from the fresh issue will be used by Gem Aromatics for debt repayment and general corporate purposes. Gem Aromatics is a manufacturer of specialty ingredients, including essential oils, aroma chemicals, and value-added derivatives, with over two decades of experience. Its client portfolio includes names like Colgate-Palmolive, Dabur, Patanjali, SH Kelkar, Rossari Biotech, and Symrise, among others. The company operates three advanced manufacturing facilities in Uttar Pradesh, Dadra and Nagar Haveli, and Gujarat. Motilal Oswal Investment Advisors is the sole book running lead manager to the offer.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store