vikran engineering limited

vikran engineering limited

VIKRAN • ISIN: INE01R501028

BSE, NSE

Listing Price: ₹99

+2.06% Gain
About Company

Incorporated in 2008, Vikran Engineering Limited is an Engineering, Procurement, and Construction (EPC) company.

The company's projects include underground water distribution and surface water extraction, overhead tanks, and distribution networks.

Service Sectors:


Power Transmission and Distribution: Specializing in extra-high voltage (EHV) substations up to 400kV and comprehensive power distribution solutions.
Water Infrastructure: Engaged in projects involving underground water distribution, surface water extraction, overhead tanks, and distribution networks.
Railway Infrastructure: Providing services in railway infrastructure projects.
Solar Energy: Expanding presence in solar EPC projects.


As of June 30, 2025, the company has completed 45 projects across 14 states with a total executed contract value of Rs 19,199.17 million. As of June 30, 2025, they have 44 ongoing projects across 16 states, aggregating orders of Rs 51,202.07 million, of which the Order Book is Rs 24,424.39 million.

The company's clients in the government sector include NTPC Limited, Power Grid Corporation of India Limited, South Bihar Power Distribution Co. Ltd., North Bihar Power Distribution Co. Ltd., Transmission Corporation of Telangana Limited and more.

As of June 30, 2025, the company had 761 permanent employees.

Competitve Strengths:


One of the fast-growing engineering, procurement and construction (“EPC”) companies, with timely execution of power transmission and distribution and water infrastructure sector.
Diversified Order Book across business verticals and consistent financial performance
Asset light model
In-house technical and engineering capabilities, process control and quality assurance
Experienced promoters and management team, having domain knowledge

Investment Objective

Funding working capital requirements of the Company.

General corporate purposes.

₹97

Price Band

14.4K

Min Investment

148 shares

Lot Size

32.15x

P/E Ratio

Important Dates

Issue Opens

26 Aug 2025

Issue Closes

29 Aug 2025

Allotment

1 Sept 2025

Listing

3 Sept 2025

Subscription Status
QII

Qualified Institutional Investors

10.32x

164,272,600 / 15,917,527 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

41.73x

332,138,640 / 7,958,763 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

25.34x

100,823,816 / 3,979,381 shares

Retail

Retail Individual Investors

6.65x

185,123,580 / 27,855,670 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹1
Lead Managers
Pantomath Capital Advisors Pvt.Ltd.
Systematix Corporate Services Ltd.
Min Quantity148
Max Quantity5,154
Company Promoters
Rakesh Ashok Markhedkar
Avinash Markhedkar
Nakul Markhedkar
Website

https://www.vikrangroup.com/

Email

companysecretary@vikrangroup.com

Phone+91-22-62638263
Address

Vikran Engineering Ltd.
401, Odyssey I.T. Park,
Road No. 9, Wagle Industrial Estate
Thane (W), Maharashtra
Thane, Maharashtra, 400604