Vikran Engineering Ltd. is set to finalise the share allotment for its ₹772-crore initial public offering (IPO) on Wednesday, September 1.
Vikran Engineering IPO, which opened for subscription on August 26, received a robust response, with an overall subscription of 23.59 times by the close of bidding on August 29. The issue garnered bids for 138 crore shares, significantly overshooting the 5.87 crore shares on offer.
The offering included a fresh issue of 7.43 crore equity shares worth ₹721 crore and an offer for sale (OFS) of 53 lakh shares valued at ₹51 crore. The company plans to use the net proceeds to meet working capital needs and for general corporate purposes.
Applicants can check the allotment status through the BSE, NSE, or the issue registrar, Bigshare Services.
Investors can also visit the NSE IPO allotment portal and use their PAN and application number to view their allotment status.
Also Read: Upcoming IPOs in September 2025: 1 Mainboard and 7 SME IPO Set to Launch till Date
Vikran Engineering Ltd. operates in the Engineering, Procurement, and Construction (EPC) sector, with core services spanning power transmission and distribution, solar power projects, rail and metro electrification, and water infrastructure solutions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Sep 1, 2025, 11:55 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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