Vikran Engineering IPO to open on August 26

Business Aug 22, 2025

Vikran Engineering is hitting the stock market with its IPO on August 26. They're looking to raise ₹772 crore—most of it through new shares, with a small portion sold by the promoter.
Shares are priced between ₹92 and ₹97 each.

Financials and gray market premium

There's already a gray market premium of about 23%, hinting at strong investor interest.
In FY25, Vikran's revenue climbed 16.5% to ₹916 crore, while profit after tax rose 4% to ₹78 crore.
Most of the IPO funds (₹541 crore) will go toward working capital as the company continues expanding—right now, they've finished projects worth ₹1,920 crore across 14 states and are handling ongoing projects worth ₹5,120 crore across 16 states.