Vikran Engineering Shares Make Muted Stock Market Debut, List With 2% Premium

Shares of Vikran Engineering, an engineering, procurement, and construction (EPC) company made a muted stock market debut on the Dalal Street on September 3, 2025.

The stock listed at Rs 99 per share on the NSE, a premium of 2.06 per cent. On the BSE, it listed at Rs 99.70, a premium of 2.78 per share.

The muted listing comes even as the grey market shares of Vikran Engineering trading with 7 per cent premium, ahead of listing today.

This comes despite the Rs 772-crore IPO seeing strong investor interest during its three days of public bidding.

According to BSE data, the issue saw bids for 1.38 billion shares against 58.74 million shares on offer, translating into an overall subscription of 23.59 times. The qualified institutional buyer (QIB) portion was subscribed 19.45 times, the non-institutional investor (NII) segment 58.58 times, and the retail quota garnered 10.97 times subscription.

The Vikran Engineering IPO, which offered its shares at Rs 97 apiece at the upper price band, included a combination of fresh issue worth Rs 721 crore and an offer for sale component of Rs 51 crore.

Vikran Engineering Share Price Today

After making a muted debut, Vikran Engineering share price surged as much as 4.53 per cent to hit an intraday high of Rs 101.39 apiece on the NSE. Half an hour into the trade, at 10:30, Vikran Engineering shares traded at Rs 99.85, up 2.94 per cent against the IPO price.

Vikran Engineering Key Financials

Vikran Engineering reported a total income of Rs 922.36 crore for FY25, up more than 16 per cent from Rs 791.44 crore in FY24. The company’s profit after tax (PAT) rose over 4 per cent to Rs 77.82 crore, as against Rs 74.83 crore a year ago. Its net worth saw a sharp jump of over 60 per cent to Rs 467.87 crore from Rs 291.28 crore in FY24.

Vikran Engineering IPO Objective

The company plans to use the proceeds to meet working capital needs and for general corporate purposes, according to its red herring prospectus (RHP).

Vikran Engineering Listed Peers

According to Vikran Engineering IPO's RHP, its listed peers include Bajel Projects, Kalpataru Projects, Techno Electric & Engineering, SPML Infra, KEC International, and Transrail Lighting.