Vikran Engineering IPO: Allotment Status, GMP, Listing Date & How to Check
- THE MAG POST
- 5 days ago
- 5 min read
Vikran Engineering IPO allotment status is eagerly awaited by investors who participated in the recent public offering, which saw an impressive overall subscription of nearly 25 times. With a grey market premium indicating potential listing gains of about 6.7%, the anticipation for the allotment finalization on September 1st is palpable. Investors can conveniently check their allocation status across major platforms like the BSE, NSE, and the registrar Bigshare Services Pvt Ltd. This process typically involves using application numbers or PAN details, offering a transparent view of who will receive shares. The upcoming listing on September 3rd on both BSE and NSE marks a significant milestone for the company, reflecting investor confidence in its business model and future growth prospects.
Understanding Vikran Engineering IPO Allotment Dynamics
The Vikran Engineering IPO has concluded its subscription period, capturing significant investor interest with an overall subscription rate of approximately 24.87 times. This robust demand has investors eagerly anticipating the allotment process, with current market indicators, such as a grey market premium (GMP) of around 6.70%, suggesting a modest potential for listing gains. The crucial stage of finalizing the basis of allotment is slated for Monday, September 1st. Following this, investors will be able to ascertain their allocation status through the official channels of the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and the designated registrar, Bigshare Services Pvt Ltd.
Navigating the Allotment Status Check
The official allocation of Vikran Engineering IPO shares is anticipated to be finalized by the evening of September 1st. Once this process is complete, a clear path emerges for investors to verify their allotment status online. This typically involves a straightforward procedure on the respective stock exchange websites or the registrar’s portal, requiring basic application details or personal identification like a PAN card.
Accessing Your Allotment via BSE
To check your Vikran Engineering IPO allotment status on the BSE, begin by navigating to the official BSE website. You'll need to select the appropriate issue type and then pinpoint ‘Vikran Engineering Ltd’ from the available issue names. Subsequently, you can input either your unique application number or your Permanent Account Number (PAN) to retrieve your status. A simple verification step, often a 'captcha' to confirm you're not a robot, precedes the final search, which will display your share application status.
Utilizing the Registrar's Portal
An alternative and often direct method for verifying your IPO allotment is by visiting the dedicated portal of the registrar, Bigshare Services Pvt Ltd. This specialized platform streamlines the process, allowing you to input your application details directly into their system for an immediate status update on your Vikran Engineering IPO application.
Checking Your Allocation on the NSE
Similarly, the National Stock Exchange (NSE) provides a portal where investors can track their IPO allotment status. By visiting the NSE’s designated section for IPO applications, you can input the necessary identifiers to confirm whether shares have been allocated to your account.
Anticipating the Vikran Engineering IPO Listing
The market is keenly awaiting the official listing of Vikran Engineering Ltd shares on both the BSE and NSE, which is scheduled for September 3rd. This date marks the commencement of public trading for the company's stock, allowing investors to participate in the secondary market.
Understanding the Grey Market Premium (GMP)
The current grey market premium (GMP) for Vikran Engineering Ltd’s unlisted shares stands at approximately Rs 6.5, reflecting a 6.70% increase over the upper IPO price of Rs 97. This premium, while indicating a positive sentiment, suggests that the listing might be relatively modest. It's important to remember that GMP is a dynamic indicator, heavily influenced by market sentiment and subject to change prior to the official listing date.
Key Financials and Business Overview
The Vikran Engineering IPO structure comprises a fresh issue of shares totaling approximately Rs 721 crore, complemented by an offer-for-sale component of roughly Rs 51 crore from the promoter. The company plans to strategically deploy the capital raised from the fresh issue, allocating about Rs 541 crore towards bolstering its working capital requirements, with the remaining funds designated for general corporate initiatives.
Company's Service Spectrum and Project Execution
Vikran Engineering specializes in providing comprehensive, end-to-end services that span the entire project lifecycle, from initial conceptualization and design through to supply, installation, testing, and final commissioning on a turnkey basis. This integrated approach ensures seamless project delivery for its clients.
Project Portfolio and Order Book Strength
As of June 30, 2025, the company had successfully executed 45 projects across 14 different states, with a cumulative executed contract value reaching approximately Rs 1,920 crore. Furthermore, Vikran Engineering boasts a substantial order book, with 44 ongoing projects spread across 16 states, representing an aggregate order value of around Rs 5,120 crore. This demonstrates a strong pipeline of future business and a proven track record of project completion.
Financial Performance Trends
In the fiscal year ending March 2025 (FY25), Vikran Engineering reported a notable increase in its revenue from operations, which grew by 16.53% to Rs 916 crore, up from Rs 786 crore in the preceding fiscal year (FY24). Concurrently, the company's profit after tax saw a modest rise of 4%, reaching Rs 78 crore in FY25, compared to Rs 75 crore in FY24. These figures reflect a steady growth trajectory in both top-line and bottom-line performance.
Lead Managers and Registrar
Pantomath Capital Advisors and Systematix Corporate Services are serving as the book-running lead managers for the Vikran Engineering IPO. Bigshare Services has been appointed as the registrar for the issue, overseeing the allotment process and related administrative tasks. The company's shares are slated for listing on both the BSE and the NSE, providing broad market access for investors.
Final Thoughts on Vikran Engineering IPO
The Vikran Engineering IPO presents a compelling opportunity for investors, underpinned by a strong subscription rate and a solid project execution history. While the GMP suggests a potentially mild listing gain, the company's substantial order book and growing financial performance indicate a promising future. Investors are advised to monitor the official allotment status and consider the company's long-term prospects as it joins the public markets.
Aspect | Details |
IPO Subscription Status | Overall subscription of 24.87 times |
Grey Market Premium (GMP) | Approximately 6.70% (Rs 6.5 premium over issue price) |
Basis of Allotment Finalization | Monday, September 1st |
Expected Listing Date | Tuesday, September 3rd |
Check Allotment On | BSE Website, NSE Website, Bigshare Services Pvt Ltd portal |
Key IPO Components | Fresh issue of ~Rs 721 crore, Offer-for-sale of ~Rs 51 crore |
Use of Proceeds (Fresh Issue) | ~Rs 541 crore for working capital, remainder for general corporate purposes |
Company Business Model | End-to-end services: conceptualization, design, supply, installation, testing, commissioning on a turnkey basis |
Project Execution (as of June 30, 2025) | 45 projects completed across 14 states; Executed contract value: ~Rs 1,920 crore |
Ongoing Projects | 44 projects across 16 states; Aggregate order value: ~Rs 5,120 crore |
Financials (FY25 vs FY24) | Revenue from operations: Rs 916 crore vs Rs 786 crore (16.53% increase); Profit after tax: Rs 78 crore vs Rs 75 crore (4% increase) |
Book-Running Lead Managers | Pantomath Capital Advisors, Systematix Corporate Services |
Registrar | Bigshare Services Pvt Ltd |
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