Team siliconindia

• Vikran Engineering mobilised Rs 231.6 crore from anchor investors ahead of its IPO.
• The Rs 772-crore IPO opens August 26-29 with a price band of Rs 92-97 per share, combining a fresh issue (Rs 721 crore) and OFS (Rs 51 crore).
• The company completed 45 projects and has 44 ongoing, with FY25 revenue of Rs 916 crore and profit of Rs 78 crore, reflecting steady growth.

Infrastructure EPC company Vikran Engineering announced that it has mobilised Rs 231.6 crore from anchor investors, a day before its initial public offering (IPO) opens for public subscription. The anchor portion saw participation from a mix of institutional investors, including Bank of India Mutual Fund, ITI MF, Samco MF, SBI General Insurance, IMAP India, Bengal Finance and Investment, VPK Global, and Societe Generale.

According to a circular filed with the BSE, Vikran Engineering allotted over 2.38 crore equity shares to 14 entities at Rs 97 per share, aggregating the transaction to Rs 231.6 crore.

The company’s Rs 772-crore IPO will open for subscription on August 26 and close on August 29, with a price band set at Rs 92-97 per share. The issue comprises a fresh issue of around Rs 721 crore and an offer-for-sale (OFS) of Rs 51 crore by the promoter. Proceeds from the fresh issue are planned to be utilised for funding working capital (Rs 541 crore) and other general corporate purposes.

Based in Mumbai, Vikran Engineering is a fast-growing Engineering, Procurement & Construction (EPC) company providing end-to-end services including conceptualisation, design, supply, installation, testing, and commissioning on a turnkey basis. The IPO is a major milestone, following pre-IPO backing from The Wealth Company and seasoned investors like Ashish Kacholia and Mukul Aggarwal.

As of June 30, 2025, the company completed 45 projects across 14 states with a total executed contract value of Rs 1,920 crore. It has 44 ongoing projects in 16 states, aggregating orders worth Rs 5,120 crore.

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In terms of financials, Vikran Engineering reported a 16.53% rise in revenue from operations to Rs 916 crore in FY25 from Rs 786 crore in FY24. Profit after tax increased by 4% to Rs 78 crore from Rs 75 crore in the previous fiscal year.

The IPO is managed by Pantomath Capital Advisors and Systematix Corporate Services, with Bigshare Services as the registrar. Vikran Engineering’s shares will be listed on both the BSE and NSE.