Vikran Engineering IPO: An Overview
Vikran Engineering Ltd. is set to launch its initial public offering (IPO) on August 26, 2024, to raise funds worth up to Rs 772 crore. The IPO consists of a fresh issue of up to Rs 721 crore and an offer-for-sale of Rs 51 crore.
Price Band and Investment Details
The price band for the IPO is set at Rs 92 to Rs 97 per share. The minimum investment required by a retail investor is Rs 13,616, and investors can bid for a minimum of 148 shares and in multiples thereof.
Financial Performance
In the financial year 2025, Vikran Engineering’s revenue from operations rose by 16% year-on-year to Rs 916 crore, and net profit increased by 4% to Rs 78 crore. The company’s Ebitda also rose by 20% to Rs 160 crore, with a margin expansion to 17.5% from 16.96%.
Business Overview
Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis. The company has a presence across multiple sectors, including power, water, and railway infrastructure, and has worked with notable clients such as NTPC Ltd., Power Grid Corp., and Eastern Central Railway.
Grey Market Premium (GMP)
According to InvestorGain, the latest grey market premium (GMP) for Vikran Engineering IPO stands at Rs 18 per share. Based on the upper end of the IPO price band of Rs 97, the latest GMP reflects an estimated listing price of Rs 115 per share, implying a potential gain of around 18% per share.
Should You Invest in Vikran Engineering IPO?
Before making an investment decision, it’s essential to consider various factors, including the company’s financial performance, industry trends, and growth prospects. Investing in IPOs can be a lucrative opportunity, but it’s crucial to do your research and consult with a financial advisor if needed.
Conclusion
The Vikran Engineering IPO is an opportunity for investors to participate in the growth story of a company with a strong presence in the power, water, and railway infrastructure sectors. With a robust financial performance and a promising outlook, this IPO may be an attractive option for investors looking to diversify their portfolios.
