Vikran Engineering Ltd. is launching its IPO to raise funds for working capital and general corporate purposes. The IPO opens on August 26, 2025 and closes on August 29, 2025. Shares are planned to be listed on BSE and NSE.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | August 26, 2025 |
| IPO Close Date | August 29, 2025 |
| Listing Date | September 3, 2025 |
| Face Value | ₹1 per equity share |
| Price Band | ₹92 to ₹97 per share |
| Issue Size | Approx. ₹772 Crores |
| Fresh Issue | Approx. ₹721 Crores |
| Offer for Sale | Approx. 52,57,731 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
| Retail Quota | Up to 35% |
| QIB Quota | Up to 50% |
| NII (HNI) Quota | Up to 15% |
Market Lot Information
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 148 | 14,356 |
| Retail Maximum | 13 | 1,924 | 1,86,628 |
| S-HNI Minimum | 14 | 2,072 | 2,00,984 |
| B-HNI Minimum | 70 | 10,360 | 10,04,920 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening | August 26, 2025 |
| IPO Closing | August 29, 2025 |
| Basis of Allotment | September 1, 2025 |
| Refund Initiation | September 2, 2025 |
| Demat Credit | September 2, 2025 |
| Listing Date | September 3, 2025 |
Promoters
- Rakesh Ashok Markhedkar
- Avinash Markhedkar
- Nakul Markhedkar
About the Company
Vikran Engineering, established in 2008, is a leading EPC firm specializing in Engineering, Procurement, and Construction projects. The company serves government and private clients across sectors like power, water, and railway infrastructure. Its strengths include sector and geographic diversification, experienced promoters, improved scale of operations, and a strong financial risk profile. The company is committed to operational excellence and customer satisfaction, with a track record of high-quality services and solutions.
Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | 479.57 | 470.21 | 6.59 | 479.87 |
| 2023 | 529.18 | 476.51 | 42.84 | 712.47 |
| 2024 | 791.44 | 688.69 | 74.83 | 959.79 |
| 2025 | 922.36 | 812.18 | 77.82 | 1,354.68 |
Key Financial Ratios (FY2025)
| KPI | Value |
|---|---|
| ROE | 16.63% |
| ROCE | 23.34% |
| EBITDA Margin | 17.50% |
| PAT Margin | 8.44% |
| Debt to Equity Ratio | 0.58 |
| EPS (Basic) | ₹4.35 |
| P/E Ratio | N/A |
| RoNW | 16.63% |
| Net Asset Value (NAV) | ₹25.49 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Bajel Projects Ltd | 1.34 | 158.75 | 2.32% | 57.63 | 2,598.24 Cr. |
| Kalpataru Projects International Ltd | 35.53 | 34.68 | 8.77% | 378.80 | 22,315.78 Cr. |
| Techno Electric & Engineering Company Ltd | 37.19 | 40.17 | 11.31% | 321.55 | 2,268.66 Cr. |
| SPML Infra Ltd | 7.61 | 36.79 | 6.22% | 107.43 | 770.64 Cr. |
| KEC International Limited | 21.80 | 35.71 | 10.67% | 200.88 | 21,846.70 Cr. |
| Transrail Lighting Limited | 25.72 | 30.73 | 17.36% | 140.11 | 5,307.75 Cr. |
Purpose of the IPO
- Funding working capital requirements of the Company
- General corporate purposes
Registrar & Contact Details
Registrar:
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Lead Managers:
Pantomath Capital Advisors Pvt Ltd
Systematix Corporate Services Limited
Company Address:
Vikran Engineering Limited
401, Odyssey I.T. Park,
Road No. 9, Wagle Industrial Estate
Thane (W) – 400604, Maharashtra
Phone: +91-22-62638263
Email: companysecretary@vikrangroup.com
Website: https://www.vikrangroup.com/
Reviews
Brokerage and research house reviews for Vikran Engineering IPO are awaited.