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The Vikran Engineering IPO allotment is expected to take place in the evening on September 1.
Vikran Engineering IPO Allotment Status.
Vikran Engineering IPO Allotment Status: The initial public offering (IPO) of the Vikran Engineering IPO has been closed with a strong overall subscription of 24.87 times. Now, investors await the allotment of the IPO, whose latest GMP of 6.70% shows mild listing gains. The basis of allotment of the Vikran Engineering IPO is set to be finalised on Monday, September 1. The allotment status can be checked on the websites of the BSE, the NSE and registrar Bigshare Services Pvt Ltd.
Vikran Engineering IPO: How To Check Allotment Status Online On BSE
The Vikran Engineering IPO allotment will most likely take place in the evening on September 1. Once finalised, the allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Vikran Engineering Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
On Bigshare Services Pvt Ltd’s Portal
You can also visit directly on the registrar Bigshare Services’ portal — https://ipo.bigshareonline.com/ipo_status.html and check the Vikran Engineering IPO allotment status.
On NSE’s Website
The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Vikran Engineering IPO Listing Date: When Will NSDL IPO Shares Be Listed?
The shares of Vikran Engineering Ltd will be listed on both BSE and NSE on September 3.
Vikran Engineering IPO GMP Today
According to market observers, unlisted shares of Vikran Engineering Ltd are currently trading at Rs 103.5 against the upper IPO price of Rs 97. It means a grey market premium or GMP of Rs 6.5, which is 6.70% over its issue price, indicating a strong listing for the issue.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Vikran Engineering IPO: More Info
The IPO is a mix of fresh issue of shares of about Rs 721 crore and an offer-for-sale portion worth Rs 51 crore by the promoter.
The Mumbai-based company intends to utilise proceeds from the fresh issue to the tune of Rs 541 crore for funding working capital requirements and the rest for general corporate purposes.
Vikran Engineering provides end-to-end services from conceptualisation, design, supply, installation, testing, and commissioning on a turnkey basis.
As of June 30, 2025, the company completed 45 projects across 14 states with a total executed contract value of Rs 1,920 crore. It has 44 ongoing projects across 16 states, aggregating orders worth Rs 5,120 crore.
Vikran Engineering’s revenue from operations increased 16.53 per cent to Rs 916 crore in FY25 from Rs 786 crore in the previous financial year, and profit after tax rose 4 per cent to Rs 78 crore in FY25 from Rs 75 crore in FY24.
Pantomath Capital Advisors and Systematix Corporate Services are the book-running lead managers, while Bigshare Services is the registrar of the issue.
The company’s shares will be listed on the BSE and the NSE.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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