Vikran Engineering Ltd. On Monday before his IPO, he raised a total of ₹ 231.6 crore from anchor investors. The company allocated 2.38 crore shares per share to 14 anchor investors at a rate of ₹ 97.
The highest stake was to Societe General-Odi, which is 11.5%. Bank of India Small Cap Fund got 10% and Nipon India Equity Options AIF-Scheme 8, LC Pharos Multi Strategy Fund VCC, LC Pharos Multi Strategy Fund SF, Negen Undiscovered Value Fund and Sbi General Insurance Company got 8.6%.
Four domestic mutual funds applied through 11 schemes. These funds together acquired 36.70% of the anchor part. These include Bank of India, ITI, Samco and Taurus.
Vikran Engineering IPO details
Pantomath Capital Advisors Pvt. Ltd. And Systematix Corporate Services Ltd. Managing IPO. The company’s IPO will open from Tuesday to August 29. The total shares will be sold up to ₹ 772 crore. This includes a fresh issue of ₹ 721 crore and an offer of ₹ 51 crore for sale.
The price band has been fixed at ₹ 92 to ₹ 97 per share. The minimum investment for retail investors is ₹ 13,616. Investors can bid in minimum 148 shares and its multiplier.
Vikran Engineering IPO GMP
The IPO of Vikran Engineering is getting very good response in the gray market. Its gray market premium (GMP) is 20.62%. Accordingly, the listing of IPO of Vikran Engineering is ₹ 117.
Gray Market Premium (GMP) is the price of IPO shares that are fixed in the informal secondary market before the IPO launch. This price is based on real market demand and supply. GMP usually indicates the possible benefits of investors on share listing.
The company announced the dividend
To increase the trust of investors, Vikran Engineering Limited has decided to give 5% dividend to its shareholders on profits. The announcement was made on August 25 in the company’s AGM, ie ₹ 772 crore IPO subscription one day before it opened.
Legendary investors like The Wealth Company, Ashish Kacholia and Mukul Aggarwal have invested money in the Vikran Engineering working in the EPC and Infrastructure sector.
What will be investment from IPO
Vikran Engineering will use ₹ 541 crore out of the amount received from the latest issue for working capital needs in 2025 and 2026. The remaining amount will be spent for normal corporate purposes.
In FY 2025, the company’s operation increased by 16% to ₹ 916 crore on an annual basis. Net profit increased by 4% to ₹ 78 crore. Ebitda rose 20% to ₹ 160 crore and the margin increased from 16.96% to 17.5%.
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