Vikran Engineering Ltd. News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of Vikran Engineering Ltd. authored by Deven Choksey and published by - Trendlyne research reports.
Item: Vikran Engineering Ltd.
Rating: 5
Author: Deven Choksey

Keep track of all breaking news and updates on Vikran Engineering Ltd. from all sources in a single place.

Vikran Engineering Ltd.

29 Aug 2025

Vikran Engineering IPO sees 23.59 times subscription on last day

Business Standard

The initial public offer of infrastructure company Vikran Engineering Ltd received 23.59 times subscription on the last day of share sale on Friday. The Rs 772-crore IPO got bids for 1,38,59,17,880 shares against 5,87,39,128 shares on offer, as per NSE data. The portion meant for non-institutional investors garnered 58.58 times subscription, while the quota for Qualified Institutional Buyers (QIBs) got subscribed 19.45 times. Retail Individual Investors (RIIs) portion fetched 10.97 times subscription. Vikran Engineering on Monday mobilised Rs 231.6 crore from anchor investors. The price band has been fixed at Rs 92-97 per share. The initial public offer (IPO) is a mix of fresh issue of shares of about Rs 721 crore and an offer-for-sale portion worth Rs 51 crore by the 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 the rest for general corporate purposes. Vikran Engineeri

Deven Choksey released a IPO Subscribe report for Vikran Engineering Ltd. on 26 Aug, 2025.

Vikran Engineering Ltd.

26 Aug 2025

Vikran Engineering garners 2.38 times subscription on Day 1 of IPO

Business Standard

The initial public offering of Vikran Engineering, an infrastructure EPC company, garnered 2.38 times subscription on the first day of bidding on Tuesday. The initial share sale received bids for 13,97,19,696 shares against 5,87,39,128 shares on offer, according to data available with the NSE. Non-institutional investors part attracted 5.15 times subscription, while the quota for retail individual investors got subscribed 2.32 times. Qualified institutional buyers part fetched 41 per cent subscription. Vikran Engineering on Monday mobilised Rs 231.6 crore from anchor investors. The Rs 772-crore initial public offering (IPO) will open for subscription on August 26 and will conclude on August 29. The price band has been set at Rs 92-97 per share. The IPO is a mix of fresh issue of shares of about Rs 721 crore and an offer-for-sale portion worth Rs 51 crore by the promoter. The Mumbai-based company intends to utilise proceeds from the fresh issue to the tune of Rs 541 crore for fund

Deven Choksey released a IPO Subscribe report for Vikran Engineering Ltd. on 26 Aug, 2025.

Vikran Engineering Ltd.

26 Aug 2025

IPO Note

IPO Subscribe: Vikran Engineering Ltd.

Deven Choksey

Vikran’s initial issue is available at 17.3x TTM EV/EBITDA which is much
lower to its peer average of 32.0x TTM EV/EBITDA. We believe the issue
is attractively priced, as its growth in terms of revenue and EBITDA, has
trended in a similar range of its peers, while it is available at a much lower
valuation. We assign a “SUBCRIBE” rating to the issue.

Deven Choksey released a IPO Subscribe report for Vikran Engineering Ltd. on 26 Aug, 2025.

Vikran Engineering Ltd.

25 Aug 2025

VIKRAN ENGINEERING LIMITED

IPO Subscribe: Vikran Engineering Ltd.

Hem Securities

Company is one of the fast-growing Indian Engineering, Procurement and Construction (EPC) company in terms of revenue growth over FY23-25, compared to the average industry growth estimates and the peer set considered. While company is relatively smaller in terms of revenue from operations in comparison to the listed industry peers, Company's revenue from operations grew at a CAGR of 32.17% from 5,243.05 million...

Deven Choksey released a IPO Subscribe report for Vikran Engineering Ltd. on 26 Aug, 2025.

Vikran Engineering Ltd.

25 Aug 2025