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Vikran Engineering IPO Allotment Due Today After 23.59x Subscription

Allotment finalisation is expected to set up a September 3 listing as grey‑market quotes suggest only a modest premium.

Overview

  • Exchange data show the offer drew bids for about 138.59 crore shares against 5.87 crore on offer, with overall subscription at 23.59 times.
  • Category demand was led by NIIs at 58.58 times, followed by QIBs at 19.45 times and retail at 10.97 times, according to NSE figures.
  • Applicants can check allotment status on the BSE and NSE websites or via the registrar, Bigshare Services.
  • Demat credits and refunds are slated for September 2, and trading is targeted to begin on the NSE and BSE on September 3.
  • The Rs 772 crore book‑built issue was priced at Rs 92–97 per share, comprising a fresh issue of 7.43 crore shares and an OFS of 53 lakh shares, while the latest grey‑market premium near Rs 6 remains an unofficial indicator.