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Vikran Engineering IPO Opens Tuesday With Rs 92–97 Price Band, Rs 772 Crore Offer

Proceeds target working capital needs.

Vikran Engineering IPO GMP
Vikran Engineering IPO
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Overview

  • Grey‑market trackers peg the premium at about Rs 17 per share, an unofficial signal implying a potential listing near Rs 114 at the top end of the band.
  • The offer totals Rs 772 crore, combining a fresh issue of about Rs 721 crore (7.43 crore shares) and an offer for sale of roughly Rs 51 crore (0.53 crore shares).
  • The issue is open August 26–29, with the basis of allotment expected September 1, refunds and demat credits on September 2, and a tentative BSE/NSE listing on September 3.
  • The lot size is 148 shares, implying a retail outlay of roughly Rs 13,616–14,356 depending on final pricing within the band.
  • FY25 revenue rose 17% to Rs 922.36 crore and PAT increased 4% to Rs 77.82 crore, with Pantomath as book‑running lead manager and Bigshare as registrar.