The EPC company, which has operations on electricity, water, railways and solar infrastructure, will be mentioned on the BSE and NSE on Wednesday 3 September.
IPO subscription
The IPO attracted a strong investor’s interest and was generally subscribed 24.87 times. The retail trade was booked 11.56 times, while the non-institutional investor (NII) quota saw a stunning 61.77 times the question. Qualified institutional buyers (QIBS) subscribed 20.51 times.
Market guards say that the strong demand was powered by Vikran’s robust order book of more than RS 24,400 Crore from 30 June, together with his diversified presence in the core infrastructure sectors.
The company had also collected RS 231.6 Crore from Anker investors prior to the issue. Selection framework names such as Ashish Kacholia and Mukul Agarwal go back the company.
Gray Market Premium (GMP)
In the non -recorded market, the shares of Vikran Engineering are traded at a gray market premium of approximately 7% compared to the issue price of RS 97. This indicates an expected listing price of approximately RS 104-105 per share, although the actual statement winnings will depend on the market conditions during the debut.
On Financial Front, the company reported an increase in turnover from 17% to RS 922 Crore in FY25, while the profit after tax increases to RS 77.8 Crore.
How to check the IPO allocation status of Vikran Engineering
Investors can check their allocation status via the website of the registrar and the fairs. Here are the direct links:
Via Registrar website (https://ipo.bigshareonline.com/ipo_status.jsp))
Select Vikran Engineering IPO
Enter pan number, application number or DP/client -id
Via BSE website (https://www.bseindia.com/investors/appli_check.aspx))
Select Equity
Enter the pannum number or application number to know the status
What is the following
Restitutions for non -comprehensive investors will be started on 2 September, while successful bidders receive credit for shares the same day in their Demat accounts. The stock will be mentioned on both BSE and NSE on 3 September.
Financial
On Financial Front, the company reported an increase in turnover from 17% to RS 922 Crore in FY25, while the profit after tax increases to RS 77.8 Crore.
With high-profile Anker Rachterweg and a modest GMP, the list performance of Vikran Engineering will be closely viewed as a test case for investor sentiment in the infrastructure and EPC space.
((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
as a reliable and trusted news source#Ashish #Kacholiastunned #Vikran #Engineering #IPO #receives #healthy #subscription #Check #allocation #date #status #GMP