Markets / IPO / Vikran Engineering

Vikran Engineering IPO

Updated 18:56

Mainboard IPO on NSE and BSE · Civil Construction

Status
Listed
Price band
₹92–97
Lot size
148 shares · ₹14,356
Subscribed
23.59×

How it listed

Issue price
₹97
Listing price (open)
₹99.00 +2.06%
First-day close
₹95.71 -1.33%
Price now
₹53.89 -44.44%
Listing day3 Sept 2025
Open / high / low / close₹99.00 / ₹101.77 / ₹93.26 / ₹95.71
Shares traded on NSE7,93,81,336
Market value at the listing-day close₹2,468 cr

Closing prices since listing: 26 Oct ₹52.27, 27 Oct ₹52.73, 28 Oct ₹53.15, 29 Oct ₹53.87, 30 Oct ₹52.54, 2 Nov ₹53.70, 3 Nov ₹53.19, 4 Nov ₹55.80, 5 Nov ₹57.78, 6 Nov ₹53.99.

Vikran Engineering share price, live chart and technicals →

Key dates

Bidding opens26 Aug 2025
Bidding closes29 Aug 2025
Allotment1 Sept 2025
Refunds and shares in demat2 Sept 2025
Listing3 Sept 2025

Issue reservation

Investor groupShares% of issueMost applicants allotted
Anchor investors2,38,76,28728.90%–
Institutions (QIB)1,67,82,60820.31%–
HNI / NII1,25,86,95615.24%–
  HNI, above ₹10 lakh83,91,30410.16%809
  HNI, ₹2–10 lakh41,95,6525.08%2,024
Retail2,93,69,56435.55%1,98,443

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

ApplicationLotsSharesAmount
Retail (minimum)1148₹14,356
Retail (maximum)131,924₹1,86,628
Small HNI (minimum)142,072₹2,00,984
Small HNI (maximum)6910,212₹9,90,564
Big HNI (minimum)7010,360₹10,04,920

At ₹97 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance
At least 1 in 11
Retail allotments available
1,98,443 × one lot
Retail portion subscribed
10.97×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor categoryShares offeredShares bid forTimes subscribed
Institutions (QIB)1,67,82,60832,64,46,41219.45×
HNI / NII1,25,86,95673,73,70,48458.58×
  HNI, above ₹10 lakh83,91,30455,98,15,18066.71×
  HNI, ₹2–10 lakh41,95,65217,75,55,30442.32×
Retail2,93,69,56432,21,02,61210.97×
Total5,87,39,1281,38,59,19,50823.59×

NSE and BSE bids together, as of 29 Aug 2025 19:00.

Demand at each price

Top price ₹9711,257.94 lakh shares81.1%
Cut-off final price, whatever it is; mostly retail2,606.27 lakh shares18.8%
Lower prices ₹92–9612.00 lakh shares0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date25 Aug 2025
Anchor shares2,38,76,287
Raised from anchors₹231.60 cr
Lock-in ends for the first 50% (30 days)30 Sept 2025
Lock-in ends for the remaining 50% (90 days)29 Nov 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹2,502 cr₹1,390 cr
P/E (last 12 months' profit)––
Revenue, last 12 months–
Profit, last 12 months–
Return on equity–
Debt to equity0.24

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Civil Construction

CompanyListedSubscribedOn listingSince IPO
Ravita Engineering Services SME22 Oct–0.00%-7.99%
Vishal Nirmiti 8 Oct1.71×-2.27%-47.56%
Swastika Infra 30 Sept7.60×+8.11%+5.43%
LCC Projects 17 Sept48.51×+29.45%-7.68%
Annu Projects 2 Sept2.93×-27.27%-61.41%
Om Power Transmission 17 Apr3.33×+6.29%-28.10%
Srinibas Pradhan Constructions SME13 Mar–+2.09%+118.16%
E TO E Transportation Infrastructure SME2 Jan–+90.00%+52.50%

IPO details

Price band₹92–97
Final issue price₹97
Lot size148 shares
Minimum investment₹14,356 (1 lot)
MarketNSE mainboard
Issue type100% Book Building
Face value₹1 per Equity Share
IndustryCivil Construction
Issue size₹772.00 crore (about 7.96 crore shares) · Fresh issue + offer for sale: fresh ₹721.00 cr, offer for sale ₹51.00 cr
ISININE01R501028
RegistrarBigshare Services Private Limited
Helpline: +91 22 62638200, ipo@bigshareonline.com
Lead managersPantomath Capital Advisors Private Limited, Systematix Corporate Services Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 1 Sept 2025. Check it on the registrar's page (Bigshare Services Private Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Vikran Engineering IPO price band and lot size?

The price band is ₹92–97 per share, and one lot is 148 shares (₹14,356 at the upper price).

When is the Vikran Engineering IPO allotment date?

Allotment was finalised on 1 Sept 2025, the next working day after bidding closed on 29 Aug 2025.

How many times was the Vikran Engineering IPO subscribed?

In total 23.59 times, on NSE and BSE together; retail 10.97 times.

What is the Vikran Engineering IPO listing date?

It listed on 3 Sept 2025 on NSE and BSE.

What is the chance of getting Vikran Engineering IPO shares?

At least 1 in 11 retail applicants got the minimum lot: 1,98,443 retail allotments with the retail portion subscribed 10.97 times. Winners are picked by lottery.

When does the Vikran Engineering anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 30 Sept 2025 and the 90-day lock-in on the rest ends on 29 Nov 2025; they can sell from the next trading day.

What was the Vikran Engineering listing gain?

It opened at ₹99.00 against an issue price of ₹97, a gain of 2.06%. It is now down 44.44% from the issue price.