Vikran Engineering share price live: Vikran Engineering shares list at nearly 3% premium over IPO price

Vikran Engineering share price live: Vikran Engineering shares list at nearly 3% premium over IPO price

Vikran Engineering share price live: Vikran Engineering shares list at nearly 3% premium over IPO price

Vikran Engineering share price live: Vikran Engineering IPO Valuation Seen Attractive, But Risks Remain

At the upper end of the price band, Vikran Engineering’s IPO is valued at 22x FY25 earnings, below the 31–39x multiples of peers such as KEC International and Techno Electric. Analysts consider the pricing reasonable but caution that elevated working capital requirements and last year’s Railway Board regulatory ban could dampen investor sentiment.

Vikran Engineering share price live: Vikran Engineering Pre-open levels

Vikran Engineering share price live: Vikran Engineering likely to debut at 10–15% premium

Vikran Engineering shares are projected to list at a premium of 10–15% over the issue price, indicating an expected debut range of Rs 105–Rs 112.

Vikran Engineering share price live: Vikran Engineering slips 7% to Rs 90 in BSE pre-open trade

Vikran Engineering is trading at Rs 90.00 in the BSE pre-open session, down Rs 7.00 or 7.22%.

Vikran Engineering share price live: Vikran Engineering's robust growth and industry-leading margins in focus

Vikran Engineering has delivered strong financial results, recording a 32% CAGR in revenue between FY23 and FY25, climbing from Rs 524 crore to Rs 916 crore. Profit after tax nearly doubled in the same period to Rs 77.8 crore, while EBITDA margins expanded to 17.5% in FY25 — the highest among industry peers. The company’s PAT margin came in at 8.4%.

Vikran Engineering share price live: Analysts highlight strengths in Vikran Engineering’s business model

Market analysts note that Vikran Engineering’s asset-light approach—relying largely on leased equipment—supports both cost efficiency and operational agility. They add that the company’s seasoned promoters, in-house engineering know-how, and nationwide project execution capabilities provide additional resilience to its overall business profile.

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Vikran Engineering share price live: What you should know about Rs 772 crore IPO

The Rs 772 crore initial public offering, priced in the range of Rs 92–Rs 97 per share, comprised a fresh share issuance worth Rs 721 crore alongside an offer for sale (OFS) of Rs 51 crore.

Proceeds from the issue will be directed towards meeting working capital needs and other general corporate purposes.

Vikran Engineering share price live: A look at how Vikran Engineering witnessed strong subscription demand

The allotment status for Vikran Engineering’s IPO was finalised on Monday, September 1, 2025, following a robust bidding phase. The public issue saw an overall subscription of 23.59 times, with 1,38,59,19,508 bids placed against 5,87,39,128 shares on offer, according to data available on the BSE website.

Non-institutional investors (NIIs) emerged as the strongest participants, subscribing 58.58 times by bidding for 73,73,70,484 shares against an allocation of 1,25,86,956 shares.

The Qualified Institutional Buyers (QIBs) segment was subscribed 19.45 times, with bids for 32,64,46,412 shares compared to 1,67,82,608 shares on offer.

Retail Individual Investors (RIIs) also showed keen interest, with their quota subscribed 10.97 times as they applied for 32,21,02,612 shares against 2,93,69,564 reserved shares.

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Vikran Engineering share price live: Moderate premium likely, long-term story holds promise

Bhavik Joshi, Business Head at INVasset PMS, expects Vikran Engineering to command a reasonable premium of 10–15% over its issue price, placing the likely listing range between Rs 105 and Rs 112. This projection mirrors the recent trend of mid-sized IPOs that have delivered modest yet consistent listing gains. However, Joshi emphasised that the company’s long-term trajectory will depend on its ability to navigate cost pressures and effectively translate its strong order book into revenues.

“For investors, the listing should be interpreted as the start of a longer story rather than a one-day event, with scope for value creation through disciplined project execution and continued policy-driven infrastructure spending,” Joshi noted.

Vikran Engineering share price live: Potential listing gains?

Swastika Investmart, on the other hand, suggested that investors could look at the IPO both for potential listing gains as well as for long-term investment opportunities.

Vikran Engineering share price live: Valuation concerns

Dasani further pointed out that at a post-issue valuation of over Rs 2,500 crore and a P/E of ~32x FY25 earnings, the IPO looks fully priced, leaving little margin for execution risks or cost overruns.

Vikran Engineering share price live: Analyst take: medium to long-term bets

Medium to long-term investors may benefit as engineering and construction firms remain key drivers of India’s economic growth, Maurya observed. Echoing a cautious view, Harshal Dasani, Business Head at INVasset PMS, noted: “At current pricing, the IPO may best suit investors with a medium- to long-term horizon who can absorb cyclical volatility for potential structural gains.”

Vikran Engineering share price live: Infrastructure and growth potential

“With proceeds earmarked for working capital and corporate purposes, the company is positioned to play a stronger role in India’s infrastructure ecosystem,” Maurya added. He further highlighted that engineering players like Vikran Engineering are critical enablers for the real estate sector—supporting construction, project delivery, and urban development.

Vikran Engineering share price live: Long-Term Outlook: Engineering meets real estate

Not just short-term listing gains, but also long-term opportunities are anticipated, driven by Vikran Engineering’s robust order book and strong investor appetite. “Engineering growth and real estate expansion go hand-in-hand,” said Siddharth Maurya, Founder & MD, Vibhavangal Anukulakara.

Vikran Engineering share price live: IPO subscription and price band

The company’s Rs 772-crore IPO witnessed strong investor interest, with bids oversubscribed by more than 24 times between August 26 and August 29. The price band for the issue was fixed at Rs 92–97 per share.

Vikran Engineering share price live: Grey market premium trends

Ahead of listing, the company’s unlisted shares were trading at Rs 101.1 apiece, reflecting just over a 4% premium over the IPO price, according to Investorgain. This is a sharp fall from the 13% GMP seen when the IPO opened. IPO Watch placed the grey market premium slightly higher, at over 5%.

Vikran Engineering share price live: Vikran Engineering set to debut

Vikran Engineering shares are set to list on the stock exchanges today, September 3. Grey market signals point towards a muted debut for the Mumbai-based company.