Vikran Engineering Limited

 Vikran Engineering Limited 

IPO Date	26-08-2025 to 29-08-2025
Issue Price	₹92 - ₹97
Lot Size	148 Shares
List Date	03-09-2025
GMP	₹7 (7.22%)
List Price	₹ 99.70 (2.78%)
Subscription	24.91 Times

Vikran Engineering IPO Description – Vikran Engineering is a rapidly growing Indian Engineering, Procurement, and Construction (EPC) company with a diverse project portfolio. The majority of its revenue stems from two high-potential verticals: energy and water infrastructure. The company offers comprehensive, end-to-end services, including conceptualization, design, supply, installation, testing, and commissioning, all on a turnkey basis. With a presence spanning multiple sectors such as power, water, and railway infrastructure, Vikran Engineering is well-positioned to capitalize on growth opportunities in these critical industries.

In the power sector, Vikran Engineering has established a strong presence in both power transmission and distribution. The company has successfully executed projects under various schemes, including power transmission up to the 400kV level and extra high voltage (EHV) substations up to the 765kV level. Notable projects include the construction of 132kV transmission lines and bay extension works for railway electrification. In the water sector, the company undertakes projects such as underground water distribution, surface water extraction, overhead tanks, and comprehensive distribution networks. Vikran Engineering also brings expertise in Solar EPC, specializing in ground-mounted solar projects and smart metering.

As of 30 June 2025, Vikran Engineering has completed 45 projects across 14 states, with a total executed contract value of INR 1,919.92 crore. The company is currently working on 44 ongoing projects spread across 16 states, with a total order value of INR 5,120.21 crore, including an Order Book worth INR 2,420.44 crore. This highlights the company’s robust project execution capabilities and its expanding presence across India.