Vikran Engineering Share Price: IPO Price Band Set at Rs 92–97 Per Share

Market Performance

Vikran Engineering has officially set the price band for its upcoming Initial Public Offering at Rs 92–97 per share. The subscription window will open on August 26, 2025, and close on August 29, 2025.

The anchor book will open a day earlier on August 25, 2025. Following this, the basis of allotment will take place on September 1, 2025, while refunds and credit of shares are scheduled for September 2, 2025. The company’s shares are expected to make their stock market debut on September 3, 2025.

Main News

The IPO consists of:

• Fresh issue of shares worth Rs 721 crore
• Offer for Sale (OFS) of Rs 51 crore by existing promoters and shareholders

The fresh issue proceeds will be mainly allocated to cover the company’s working capital needs.

Company Details

Vikran Engineering is a Maharashtra-based EPC (Engineering, Procurement and Construction) company specializing in energy and water management projects.

The company’s services cover the complete cycle — from conceptualisation, design, supply, installation, testing, to commissioning. It operates across multiple infrastructure sectors, including:

• Power projects
• Water management
• Railway infrastructure

Some of its key clients include large state-owned enterprises such as:

• NTPC
• Power Grid Corporation of India
• Transmission Corporation of Telangana
• Madhya Pradesh Power Transmission Company
• District Water and Sanitation Mission (PHED)
• State Water and Sanitation Mission (SWSM)

The IPO is being managed by Pantomath Capital Advisors and Systematix Corporate Services as the book-running lead managers.

Summary

• IPO Price Band: Rs 92–97 per share
• Issue Opens: August 26, 2025
• Issue Closes: August 29, 2025
• Anchor Book Date: August 25, 2025
• Allotment Basis: September 1, 2025
• Refunds & Credit of Shares: September 2, 2025
• Listing Date: September 3, 2025
• IPO Structure: Rs 721 crore (fresh issue) + Rs 51 crore (OFS)

Vikran Engineering’s IPO marks a key step in strengthening its financial position, while its diversified project portfolio across power, water, and railways underlines its strong presence in India’s infrastructure sector.