New Vikran Engineering IPO: Key Details, Strengths, and Highlights

IPO, News
-August 22, 2025
- 1 Comment

The Vikran Engineering IPO is set to open on 26th August 2025 and will close on 29th August 2025. The price band is fixed between ₹92 and ₹97 per share, making it accessible for a wide range of investors.

The minimum investment stands at ₹13,616 for 148 shares (1 lot), while the issue size is ₹772 crore. The tentative allotment date is 1st September 2025, and the listing date is expected on 3rd September 2025.

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About the Company

Founded in 2008, Vikran Engineering Ltd is an engineering, procurement, and construction (EPC) company that offers end-to-end services—from conceptualisation and design to commissioning.

The company’s operations span:

Power sector – transmission, distribution, and electrification projects
Water sector – underground distribution, surface water extraction, overhead tanks, smart metering, and pipeline construction
Renewables – EPC services for ground-mounted solar projects

The company is led by Mr. Rakesh Ashok Markhedkar, who brings years of experience in handling large infrastructure projects.

Strengths of Vikran Engineering

Vikran Engineering has positioned itself as a trusted EPC contractor, with several strengths:

Strong Project Execution: Completed 45 projects across 14 states worth ₹1,919.92 crore and currently handling 44 projects across 16 states valued at ₹5,122.01 crore.
Prestigious Clients: Works with NTPC, Power Grid Corporation of India, South Bihar Power Distribution, Transmission Corporation of Telangana, Assam Power Distribution Company, and more.
Certifications: Holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, showcasing commitment to quality, environment, and safety.
Sectoral Expertise: Proven track record in railway electrification, high-voltage substations, and government-backed electrification schemes.

Financial Performance Overview

The financials highlight steady growth:

Revenue: ₹524.30 Cr (FY23) → ₹785.95 Cr (FY24) → ₹915.85 Cr (FY25)
Profit After Tax (PAT): ₹42.84 Cr (FY23) → ₹74.83 Cr (FY24) → ₹77.82 Cr (FY25)
Assets: Expanded significantly, supporting larger project execution capacity.

This growth trajectory signals strong execution capabilities and an expanding order book.

Opportunities in the EPC Sector

Power Projects: Rising investments in transmission, electrification, and renewable integration present opportunities.
Water Projects: Increasing focus on water management, storage, and smart distribution drives growth.
Green Energy: EPC services for solar projects position Vikran Engineering to benefit from India’s renewable energy targets.

Risks and Concerns

Investors should also consider potential risks:

High Project Dependence: Revenue depends heavily on successful and timely project completion.
Government Policy Risks: As many contracts are linked to public sector undertakings, policy shifts can affect execution.
Intense Competition: EPC is a competitive field with pressure on margins.

Subscription and Allotment Details

Retail Investors: Can apply up to ₹2,00,000.
HNIs: Can invest between ₹2,00,000 and ₹5,00,000.
Allotment Date: 1st September 2025
Listing Date: 3rd September 2025

Expert Insights on Vikran Engineering IPO

Analysts suggest that the Vikran Engineering IPO could see strong subscription due to its diverse project portfolio, growing revenues, and government-linked contracts. However, given its dependence on large-scale projects and policy shifts, it is more suitable for long-term investors with moderate risk appetite.

Who Should Invest?

Retail Investors: Looking for stable long-term exposure to India’s infrastructure sector.
HNIs: Seeking potential listing gains from oversubscription.
Institutional Investors: Interested in EPC companies with proven track records.

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FAQs About Vikran Engineering IPO

Q1. What is the issue size of Vikran Engineering Ltd IPO?
A1. ₹772 crore.

Q2. What is the IPO price band?
A2. ₹92 – ₹97 per share.

Q3. What is the minimum investment?
A3. ₹13,616 for one lot (148 shares).

Q4. When is the IPO open and close date?
A4. Opens on 26th August 2025 and closes on 29th August 2025.

Q5. When will the shares be listed?
A5. Tentatively on 3rd September 2025.

The Vikran Engineering IPO comes at a time when India is heavily investing in power, water, and renewable infrastructure. With proven expertise, prestigious clients, and consistent financial growth, Vikran Engineering stands out as a strong contender in the EPC space.

**Disclaimer: However, always review your risk appetite and portfolio mix before committing.**

**Disclaimer: The Image in the article is taken from google is used for article which is generated by Chatgpt content. always review your risk appetite and portfolio mix before committing. We are not Finanacial advisors this content is our own analysis and any loss or gains are not subjected to our mention opinon. Invest at your own risk**