Fri Aug 29 03:40:00 UTC 2025: ## Vikran Engineering IPO Sees Strong Investor Demand as Subscription Window Nears Closing

**Mumbai, India – August 28, 2025** – Vikran Engineering Limited’s initial public offering (IPO), backed by prominent investors Ashish Kacholia and Mukul Agrawal, is experiencing significant investor interest as its subscription window enters its final day. The IPO, which opened on Tuesday, August 26, 2025, closes tomorrow, August 29, 2025.

The public issue has garnered a positive response, reflected in the grey market premium (GMP) of ₹13 per share, according to market observers. This indicates continued market confidence in the offering, even amid recent market volatility.

Subscription figures show robust demand, with the IPO being subscribed 5.24 times overall by the end of day 2. The retail portion was subscribed 5.23 times, the Non-Institutional Investor (NII) portion 11.03 times, and the Qualified Institutional Buyer (QIB) segment 0.91 times.

Several leading brokerage firms have issued “subscribe” ratings for the Vikran Engineering IPO, citing attractive valuation and the company’s strong position within its industry. BP Equities highlights the company’s P/E ratio being at a discount compared to its peers and its favorable market positioning. Geojit Securities points to Vikran’s established position as a fast-growing EPC player with a diversified order book, coupled with strategic focus on government initiatives like the Revamped Distribution Sector Scheme and Jal Jeevan Mission and an asset-light business model. Anand Rathi, Adroit Financial Services and many other financial institutions have also recommended investors subscribe to the IPO.

The anticipated allotment date for Vikran Engineering shares is August 30, 2025, with a potential delay to September 1, 2025, if a Saturday allotment is required. The expected listing date on the stock exchanges is September 3, 2025.

Vikran Engineering is a company focused on EPC projects within sectors like power transmission, water infrastructure, and railway. Investors are advised to consult with financial experts before making any investment decisions.

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