Vikran Engineering IPO to open on Aug 26; price, order book and financials
Vikran Engineering, an infrastructure EPC company, is launching a Rs 772 crore IPO from August 26th to 29th. The IPO includes a fresh issue and an offer for sale, with the funds primarily earmarked for working capital and general corporate expenses. The company boasts a strong order book and significant revenue growth, making it a noteworthy offering in the infrastructure sector.
New Delhi: Vikran Engineering is coming up with an IPO (initial public offering) worth Rs 772 crore. The public offer is set to open on August 26 and close on August 29. Vikran Engineering is an infrastructure EPC (engineering, procurement, and construction) company having a diverse clientele.
The company provides end-to-end services from conceptualisation, design, supply, installation, testing, and commissioning on a turnkey basis and is one of the fastest-growing Infra EPC companies.
Vikran Engineering IPO, Price Band, and more
The company has set a price band between Rs 92 and Rs 97 per equity share for its public issue. The IPO comprises a fresh issue of shares worth Rs 721 crore and an OFS (offer for sale) segment worth Rs 51 crore by its promoter. OFS simply means offloading of shares by the promoters of the company.
The Mumbai-headquartered Infra company intends to use the raised capital worth Rs 541 crore for funding working capital requirements, and the remaining fund is to be used for general corporate expenditure.
As of June 30, 2025, the company had completed 45 projects across 14 states with a total contract value of Rs 1920 crore. Presently, the company has 44 ongoing projects across 16 states, having a total contract value of Rs 5120 crore. The current order book for the company stands at Rs 2442 crore.
Vikran Engineering Financials
The operational revenue of the company stands at Rs 916 crore in the fiscal year of 2025, FY25, recording a surge of 16.53 percent from its previous fiscal year earning of Rs 786 crore. The PAT (profit after tax) of the company rises 4 percent to Rs 78 crore in the FY25, up from Rs 75 crore the company minted in FY24.
Panthomath Capital Advisors and Systematix Corporate Services are the lead book-running managers. The registrar of the issue is Bigshare Services.
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