Vikran Engineering share price Live: Vikran Engineering shares down over 6% post listing in afternoon trade
Economic Times |
Synopsis
Vikran Engineering Share Price Live: Vikran Engineering shares debuted with a premium of 2.78% over its IPO price on Wednesday. The stock listed at Rs 99.7 on BSE and it opened at Rs 99 on NSE.
Vikran Engineering shares list at 3% premium over IPO price
Vikran Engineering IPO Listing Date and Time
Vikran Engineering IPO is set to debut on the bourses today (Wednesday, September 3) at 10:00 AM IST.
Vikran Engineering IPO Grey Market Premium (GMP) and Expected Listing Price
Vikran Engineering’s IPO grey market premium (GMP) stood at ₹7 as of September 3, 2025, 6:55 AM. Based on the price band of ₹97, the estimated listing price is around ₹104, implying a potential gain of 7.22% per share.
Expert Reviews on Vikran Engineering
Analysts advise investors to treat Vikran Engineering as a long-term bet on India’s infrastructure growth, rather than chasing a quick listing pop. Government initiatives such as power distribution upgrades and the Jal Jeevan Mission are expected to act as strong growth drivers for the company.
Vikran Engineering IPO is set to debut on the bourses today (Wednesday, September 3) at 10:00 AM IST.
Vikran Engineering IPO Grey Market Premium (GMP) and Expected Listing Price
Vikran Engineering’s IPO grey market premium (GMP) stood at ₹7 as of September 3, 2025, 6:55 AM. Based on the price band of ₹97, the estimated listing price is around ₹104, implying a potential gain of 7.22% per share.
Expert Reviews on Vikran Engineering
Analysts advise investors to treat Vikran Engineering as a long-term bet on India’s infrastructure growth, rather than chasing a quick listing pop. Government initiatives such as power distribution upgrades and the Jal Jeevan Mission are expected to act as strong growth drivers for the company.
01:17:14 PM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Vikran Engineering shares down over 4% post listing in afternoon trade
12:44:48 PM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Analyst views
Shivani Nyati, Head of Wealth at Swastika Investmart, termed the IPO debut as “modest,” with listing gains of only 2.7% above the issue price. She highlighted that Vikran Engineering is “a leading EPC player in power transmission, water infrastructure, and railway electrification projects, operating on an asset-light model with a strong execution track record.”
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11:56:56 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Vikran Engineering shares trade in red post listing in afternoon trade
11:35:11 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Investor interest vs market reality
Although the IPO saw overwhelming investor interest, with subscriptions nearly 25 times across qualified institutional buyers, non-institutional investors, and retail bidders, the post-listing performance fell short of expectations. Grey Market Premium (GMP) indicators had already pointed to a modest listing gain of 4–7%, which gradually tapered during the subscription period.
The shares were priced at Rs 97 each, with the issue including a Rs 721-crore fresh issue and a Rs 51-crore offer for sale, valuing the company at approximately Rs 2,500 crore after listing.
The shares were priced at Rs 97 each, with the issue including a Rs 721-crore fresh issue and a Rs 51-crore offer for sale, valuing the company at approximately Rs 2,500 crore after listing.
10:45:59 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Vikran Engineering shares trade flat post listing
10:26:58 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Product Line
Its product line includes PERC, TOPCon and HJT high-efficiency modules, with operations spread across domestic and international markets.
10:03:54 AM IST, 03 Sep 2025
Ashish Kacholia-invested Vikran Engineering shares list at 3% premium over IPO price
Vikran Engineering made its market debut on Wednesday after a robust Rs 772 crore IPO, listing at ₹99.70 on the BSE (2.78% premium) and ₹99 on the NSE (2% premium) against the issue price of ₹97.
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10:02:36 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Vikran Engineering shares list at 3% premium over IPO price
Vikran Engineering shares debuted with a premium of 2.78% over its IPO price on Wednesday. The stock listed at Rs 99.7 on BSE and it opened at Rs 99 on NSE.
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09:50:00 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Backed by Marquee Investors
Vikran Engineering is backed by The Wealth Company, through its India Inflection Opportunity Fund, along with marquee investors Ashish Kacholia and Mukul Aggarwal via a pre-IPO placement.
09:40:00 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Listing Outlook
Even with the strong oversubscription, the grey market premium of just 4% points to only limited listing gains. This suggests that while the company’s fundamentals and growth prospects are solid, much of the optimism may already be factored into the price.
Going forward, Vikran Engineering’s performance will hinge on its ability to execute its sizable order book, manage working capital efficiently, and expand beyond its existing business verticals.
Going forward, Vikran Engineering’s performance will hinge on its ability to execute its sizable order book, manage working capital efficiently, and expand beyond its existing business verticals.
09:40:00 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Valuation and Concerns
At the upper price band, the IPO is priced at a P/E of 22x FY25 earnings, lower than the 31–39x range of listed peers like KEC International and Techno Electric. While analysts view the valuation as reasonable, they flagged concerns over high working capital needs and the Railway Board’s regulatory ban last year, which could weigh on investor sentiment.
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09:30:00 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Investor Interest and Subscription Momentum
Investor demand for Vikran Engineering’s IPO was strong, with healthy participation from QIBs, NIIs, and retail investors. Analysts said the robust subscription underscored the company’s solid track record in executing large EPC projects and its sizable order book, which ensures revenue visibility for the next two years.
09:20:19 AM IST, 03 Sep 2025
Vikran Engineering IPO Listing Live: Business Snapshot
Vikran Engineering, established in 2008 and based in Thane, focuses on turnkey EPC projects spanning power transmission, water supply, and railway electrification.
09:15:00 AM IST, 03 Sep 2025
Vikran Engineering Share Price Live: Vikran Engineering IPO GMP today
Vikran Engineering’s IPO grey market premium (GMP) stood at ₹7 as of September 3, 2025, 6:55 AM. Based on the price band of ₹97, the estimated listing price is around ₹104, implying a potential gain of 7.22% per share.
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08:50:00 AM IST, 03 Sep 2025
Vikran Engineering Share Price Live: Vikran Engineering IPO GMP and Expected Listing Price
Vikran Engineering shares are expected to list at a 10–15% premium over the issue price, implying a debut range of ₹105–₹112.
08:30:00 AM IST, 03 Sep 2025
Vikran Engineering Share Price Live: Expert View
Analysts suggest investors should view Vikran Engineering as a long-term play on India’s infrastructure expansion rather than a quick listing pop. The government focus on power distribution upgrades and Jal Jeevan Mission water projects is expected to provide strong tailwinds for the company’s growth.
08:05:50 AM IST, 03 Sep 2025
Vikran Engineering Share Price Live: Strengths and risks
Analysts point to Vikran Engineering’s asset-light model, with most equipment leased, as a key driver of cost efficiency and operational flexibility. The company’s experienced promoters, in-house engineering expertise, and pan-India execution capabilities further strengthen its business profile.
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08:05:25 AM IST, 03 Sep 2025
Vikran Engineering Share Price Live: Use of proceeds
Vikran Engineering mobilized ₹721 crore via its fresh issue, allocating ₹541 crore toward working capital and the balance for general corporate purposes. The IPO also included an offer for sale worth ₹51 crore.
08:04:59 AM IST, 03 Sep 2025
Vikran Engineering Share Price Live: Financial track record
Vikran Engineering posted a strong financial performance, with revenue growing at a 32% CAGR between FY23 and FY25, rising from ₹524 crore to ₹916 crore. Profit after tax nearly doubled during the period to ₹77.8 crore, while EBITDA margins improved to 17.5% in FY25 — the highest among peers. The company’s PAT margin stood at 8.4%.
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08:04:26 AM IST, 03 Sep 2025
Vikran Engineering Share Price Live: Strong order book and sector focus
Vikran Engineering has established itself in turnkey infrastructure projects spanning power transmission, water supply, and railway electrification. As of June 2025, the company had completed 45 projects worth ₹1,920 crore and was executing 44 projects valued at ₹5,120 crore. Its pending order book of ₹2,442 crore provides revenue visibility for the next two years.
08:03:33 AM IST, 03 Sep 2025
Vikran Engineering Share Price Live: Vikran Engineering IPO Listing Date and Time
Vikran Engineering IPO is set to debut on the bourses today (Wednesday, September 3) at 10:00 AM IST.