Overview

• Vikran Engineering’s Rs 772 crore issue comprises a Rs 721 crore fresh sale and a Rs 51 crore OFS within a Rs 92–97 price band, with a lot size of 148 shares.
• Subscriptions run August 26–29 with allotment expected September 1, refunds and demat credit on September 2, and a tentative BSE/NSE listing on September 3.
• The company raised Rs 231.6 crore via anchors by allotting 2.38 crore shares at Rs 97 to 14 investors, including Societe Generale-ODI, Bank of India Small Cap Fund, Nippon India AIF and SBI General Insurance.
• Grey‑market trackers indicated a Rs 17–18 premium ahead of the launch, implying an estimated listing price near Rs 114–115 over the cap, though such quotes are unofficial.
• Of the proceeds, Rs 541 crore is earmarked for working capital; the EPC firm reports 44 ongoing projects, an active order book of about Rs 2,442 crore, FY25 revenue near Rs 916–922 crore and PAT around Rs 78 crore.