Latest news with #VikranEngineering
Hans India
9 hours ago
- Business
- Hans India
Vikran Engineering IPO 2025: Price, Lot Size, Timeline & Key Details
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
Time of India
9 hours ago
- Business
- Time of India
Vikran Engineering's Rs 772 cr IPO to open on Aug 26
Infrastructure EPC company Vikran Engineering is set to launch its initial public offering ( IPO ) on August 26 to mobilise Rs 772 crore through the issue. The company has set a price band of Rs 92 to Rs 97 per share for its maiden public issue, which will conclude on August 29, according to its public announcement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The IPO is a mix of fresh issue of shares worth Rs 721 crore and an offer for sale of Rs 51 crore by promoter. The Mumbai-based company intends to utilise proceeds from the fresh issue to the tune of Rs 541 crore for funding working capital requirements and rest for general corporate purposes. Vikran Engineering is one of the fast-growing Indian Engineering, Procurement & Construction (EPC) companies and provides end-to-end services from conceptualisation, design, supply, installation, testing, and commissioning on a turnkey basis. Live Events As of June 30, 2025, the company completed 45 projects across 14 states with a total executed contract value of Rs 1,920 crore. The company has 44 ongoing projects across 16 states, aggregating orders worth Rs 5,120 crore, of which order book is Rs 2,442 crore. On the financial front, Vikran Engineering's revenue from operations increased 16.53 per cent to Rs 916 crore in fiscal 2025 from Rs 786 crore in the previous financial year and profit after tax rose 4 per cent to Rs 78 crore in fiscal 2025 from Rs 75 crore in fiscal 2024. Pantomath Capital Advisors and Systematix Corporate Services are the book-running lead managers, while Bigshare Services is the registrar of the issue.
News18
10 hours ago
- Business
- News18
Vikran Engineerings Rs 772 cr IPO to open on Aug 26
Agency: PTI Last Updated: New Delhi, Aug 19 (PTI) Infrastructure EPC company Vikran Engineering is set to launch its initial public offering (IPO) on August 26 to mobilise Rs 772 crore through the issue. The company has set a price band of Rs 92 to Rs 97 per share for its maiden public issue, which will conclude on August 29, according to its public announcement. The IPO is a mix of fresh issue of shares worth Rs 721 crore and an offer for sale of Rs 51 crore by promoter. The Mumbai-based company intends to utilise proceeds from the fresh issue to the tune of Rs 541 crore for funding working capital requirements and rest for general corporate purposes. Vikran Engineering is one of the fast-growing Indian Engineering, Procurement & Construction (EPC) companies and provides end-to-end services from conceptualisation, design, supply, installation, testing, and commissioning on a turnkey basis. As of June 30, 2025, the company completed 45 projects across 14 states with a total executed contract value of Rs 1,920 crore. The company has 44 ongoing projects across 16 states, aggregating orders worth Rs 5,120 crore, of which order book is Rs 2,442 crore. On the financial front, Vikran Engineering's revenue from operations increased 16.53 per cent to Rs 916 crore in fiscal 2025 from Rs 786 crore in the previous financial year and profit after tax rose 4 per cent to Rs 78 crore in fiscal 2025 from Rs 75 crore in fiscal 2024. Pantomath Capital Advisors and Systematix Corporate Services are the book-running lead managers, while Bigshare Services is the registrar of the issue. PTI SP SP SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
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Business Standard
11 hours ago
- Business
- Business Standard
Vikran Engineering IPO opens on Aug 26; here's everything you need to know
The initial public offering (IPO) of engineering, procurement, and construction (EPC) company Vikran Engineering is set to open for public subscription on Tuesday, August 26, 2025. At the upper end, the company seeks to raise ₹772 crore through the public offering, which comprises a fresh issue as well as an offer for sale (OFS) of equity shares. Ahead of the public launch, bidding for anchor investors is scheduled to take place on Monday, August 25, 2025. As investors await the subscription window to open, here are some key details of the Vikran Engineering IPO: Vikran Engineering IPO issue size The public issue is a book-built issue comprising a fresh issue of 74.3 million equity shares, aggregating up to ₹721 crore, and an offer-for-sale (OFS) with promoter Rakesh Ashok Markhedkar offloading up to 5.3 million equity shares worth ₹51 crore. Vikran Engineering has reserved not more than 50 per cent of the net offer for qualified institutional buyers (QIBs), not less than 35 per cent for retail investors, and not less than 15 per cent for non-institutional investors (NIIs). Vikran Engineering IPO lot size, price band The public offering will be available at a price band of ₹92–97 per share with a lot size of 148 shares. Accordingly, investors can bid for a minimum of 148 shares and in multiples thereof. The minimum investment required by a retail investor is ₹14,356. A retail investor can bid for a maximum of 13 lots or 1,924 shares, amounting to ₹1,86,628. Vikran Engineering IPO grey market premium (GMP) today The unlisted shares of Vikran Engineering were commanding a decent premium in the grey market on Tuesday. Sources tracking grey market activity revealed that the company's unlisted shares were trading at around ₹109 per share in the unofficial market. This translates to a grey market premium (GMP) of ₹12 per share, or 12.37 per cent over the upper end of the issue price. Vikran Engineering IPO key dates The Vikran Engineering IPO will remain open for subscription until Friday, August 29, 2025. The basis of allotment is likely to be finalized on Monday, September 1, 2025, with shares expected to be credited to demat accounts on Tuesday, September 2, 2025. Shares of Vikran Engineering are scheduled to list on the BSE and NSE on Wednesday, September 3, 2025. Vikran Engineering IPO objective Vikran Engineering will not receive any proceeds from the OFS. 'The promoter selling shareholder will be entitled to his proceeds of the offer for sale. Our company will not receive any proceeds of the offer for sale,' the company said in its Draft Red Herring Prospectus (DRHP). The company, however, plans to utilise the proceeds from the fresh issue for funding working capital requirements as well as for general corporate purposes. Vikran Engineering IPO registrar, lead managers Bigshare Services is the registrar for the public offering, while Pantomath Capital Advisors and ESystematix Corporate Services are the book-running lead managers. About Vikran Engineering Vikran Engineering is an engineering, procurement, and construction (EPC) company. The company has a diversified project portfolio, with the majority of revenue coming from energy and water infrastructure verticals. It provides end-to-end services from conceptualisation, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors including power, water, and railway infrastructure. As of June 30, 2025, it has successfully completed 45 projects across 14 states with a total executed contract value of ₹1,919.92 crore. The company has 44 ongoing projects across 16 states, aggregating orders of ₹5,120.21 crore, of which the order book stands at ₹2,442.44 crore. Vikran Engineering's revenue from operations increased by 16.53 per cent year-on-year (Y-o-Y) to ₹915.85 crore in FY25 from ₹785.95 crore in FY24, primarily due to an increase in income from EPC services and in the number of projects awarded. The company's profit after tax (PAT) increased by 3.99 per cent Y-o-Y to ₹77.82 crore in FY25 from ₹74.83 crore in FY24.
Mint
13 hours ago
- Business
- Mint
Vikran Engineering IPO: Price band set at ₹92-97 per share; check GMP, issue details, more
Vikran Engineering IPO price band has been fixed in the range of ₹ 92 to ₹ 97 per equity share of the face value of Re 1. The Vikran Engineering IPO date of subscription is scheduled for Tuesday, August 26 and will close on Friday, August 29. The allocation to anchor investors for the Vikran Engineering IPO is scheduled to take place on Monday, August 25. The Vikran Engineering IPO lot size is 148 equity shares and in multiples of 148 equity shares thereafter. Vikran Engineering IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Vikran Engineering IPO basis of allotment of shares will be finalised on Monday, September 1 and the company will initiate refunds on Tuesday, September 2 while the shares will be credited to the demat account of allottees on the same day following refund. Vikran Engineering share price is likely to be listed on BSE and NSE on Wednesday, September 3. The IPO includes a fresh share issuance valued at ₹ 721 crore and a secondary sale of shares totaling up to ₹ 51 crore from current promoters and shareholders. The funds raised from the fresh issuance will be used to support the company's working capital needs. Pantomath Capital Advisors and Systematix Corporate Services are serving as the lead managers for the Vikran Engineering IPO. Vikran Engineering IPO grey market premium is +10. This indicates Vikran Engineering share price were trading at a premium of ₹ 10 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Vikran Engineering share price was indicated at ₹ 107 apiece, which is 10.31% higher than the IPO price of ₹ 97. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Founded in 2008, Vikran Engineering Limited operates as an Engineering, Procurement, and Construction (EPC) firm. The company's projects encompass underground water distribution, surface water extraction, overhead storage tanks, and distribution systems. As of June 30, 2025, Vikran has successfully completed 45 projects across 14 states, with a total contract value of ₹ 19,199.17 million. By the same date, they have 44 active projects spanning 16 states, totaling orders worth ₹ 51,202.07 million, with an Order Book amounting to ₹ 24,424.39 million. Among the company's clients in the public sector are NTPC Limited, Power Grid Corporation of India Limited, South Bihar Power Distribution Co. Ltd., North Bihar Power Distribution Co. Ltd., Transmission Corporation of Telangana Limited, and others.
