Vikran Engineering IPO Allotment: What to Expect After 24x Oversubscription

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If you’ve been following IPO buzz lately, you’ve probably heard about the Vikran Engineering IPO. From retail investors to institutional players, everyone wanted a piece of it. The result? An astounding 24x oversubscription. That means demand outstripped supply massively—and now, the spotlight has shifted to the Vikran Engineering IPO allotment.

For investors around the world, the next few days are going to be crucial. Will you get shares? What’s the grey market suggesting? How can you check allotment status? And most importantly, what should you do after the allotment? Let’s unpack everything step by step.

Oversubscription: The Signal from the Market

The IPO’s oversubscription was nothing short of extraordinary. Let’s look at the numbers:

Overall subscription: ~24.87x
Retail investors: ~11.56x
Non-Institutional Investors (NIIs/HNIs): ~61.77x
Qualified Institutional Buyers (QIBs): ~20.51x

This strong appetite didn’t come out of thin air. Several factors worked in Vikran Engineering’s favor:

A diversified EPC business model (power, rail, water, solar, smart metering)
A huge order book worth ₹24,424 crore, ensuring revenue visibility
Strong backers like Ashish Kacholia and Mukul Agarwal, boosting credibility
Rising optimism in infrastructure and clean energy themes

For global investors, oversubscription is a strong sentiment indicator. It doesn’t just mean people like the stock; it also signals confidence in India’s long-term infrastructure story.

The IPO Timeline: Key Dates You Can’t Miss

For quick reference, here’s the schedule:

Particulars	Details
IPO Opening Date	26 Aug 2025
IPO Closing Date	29 Aug 2025
Listing Date	3 Sept 2025
Issue Price Range	₹ 92.00 - ₹ 97.00
Listing Price	₹ 99.00
Lot Size	148 shares
Issue Size	₹ 772.00 Cr.
Listing Exchange	NSE & BSE
Listing Gains	₹ 2.00 (2.06%)

✅ Tip for readers: If you don’t receive shares, don’t panic. Refunds usually receives within 1–2 working days in your bank account .

How to Check the Vikran Engineering IPO Allotment

Checking allotment is simple and takes less than two minutes.

1. Via Registrar (Bigshare Services):

Visit the Bigshare IPO allotment portal
Select Vikran Engineering Limited
Enter PAN, Application No., or Demat ID → Click Submit

2. Via BSE/NSE Website:

Go to “Equity IPO Allotment Status”
Select IPO → Enter PAN/Application No. → Submit

👉 This step is crucial because allotments in heavily oversubscribed IPOs are like a lottery—especially for retail investors.

Grey Market Premium: Reading the Sentiment

The grey market premium (GMP) offers a sneak peek into listing-day excitement.

Current GMP: ₹5.5 per share
Estimated Listing Price: ~₹102.5 (vs issue price ₹97)
Expected Upside: ~5.7%

Earlier, GMP was indicating 12–17% listing gains, but as the subscription closed, enthusiasm cooled. This isn’t unusual—GMP often fluctuates based on demand, liquidity, and broader market mood.

✅ Investor takeaway: GMP is a sentiment meter, not a guarantee. Always combine it with fundamentals before making a decision.

Why Investors Rushed In: Business & Financial Strengths

Vikran Engineering isn’t just another infrastructure company. Here’s why analysts and retail investors jumped in:

Diversification: They diversifies their projects across power, metro, railways, solar, and smart city solutions.
Execution track record: Dozens of projects completed across 14–16 Indian states.
Revenue growth: FY25 revenue up by 17% to ₹922 crore.
Profitability: FY25 Profit After Tax reached to ₹77.8 crore.
Strong order book visibility: Ensures multi-year revenue stability.
Use of IPO funds: ~₹541 crore earmarked for working capital, strengthening balance sheet.

This strong foundation means Vikran isn’t just a “listing gain” play but could also be a solid long-term infrastructure bet.

What Happens If You’re Allotted Shares?

If you’re among the lucky ones, here’s what to keep in mind:

Shares credited on Sep 2 → Check your demat account

Listing on Sep 3 → Watch the opening bell carefully

Strategy options:

Short-term players: Consider booking profits if listing gains meet your target
Long-term investors: Hold if you believe in India’s infra growth & Vikran’s execution ability

✅ Pro tip: Use our ROI Calculator to quickly estimate returns based on your allotment size and expected listing price.

What If You Didn’t Get Allotment?

Don’t be discouraged—here’s what you can do:

Look at listing price action: Often, stocks dip after initial phase. That could be your entry point.
Track fundamentals: If financials stay strong, you may still invest at a fair valuation later.
Diversify: Use your refund money to explore upcoming IPOs or high-quality listed infra companies.

Risks to Keep in Mind

Every IPO has risks—Vikran Engineering is no exception.

High debt exposure: Infrastructure players often carry significant leverage
Execution challenges: Delays in project delivery can hit revenues
Dependence on government orders: Policy changes could impact pipeline
Thin margins: EPC business models often run on slim profitability buffers

Being aware of these ensures you’re not caught off guard.

Global Perspective: Why It Matters Beyond India

For international investors, Vikran Engineering represents:

Exposure to India’s fast-growing infrastructure sector.
Participation in the country’s clean energy & smart city push.
Alignment with global themes like sustainable urban development.

That’s why global funds and FIIs also lined up for allotment—this isn’t just a domestic story anymore.

Conclusion

The Vikran Engineering IPO allotment is more than just a number-checking exercise – it’s a financial event that reflects investor sentiment, market confidence, and India’s infrastructure journey.

You may or may not be allotted, remember:

Oversubscription is solid, though not necessarily enormous, listing round-trips.
GMP is a useful measure, though the basics should be decision-making.
Calculators, data tables, and timelines allow retail investors to stay informed and not feel FOMO.

Successful IPOs are not a matter of luck at the end of the day, but a matter of strategy, discipline, and patience.

How to Invest in Upcoming IPO's ?

If you’re interested in buying shares of any company or want to apply in any Upcoming IPO, you’ll need a Demat & trading account with a SEBI-registered broker. The process is simple and can be done online within minutes.

Here’s a quick step-by-step guide:

Choose a Stockbroker – Open a Demat account with the popular apps given in the list:
Complete KYC – Upload PAN, Aadhaar, and bank details for verification.
Add Funds – Transfer money from your bank account to your trading wallet.
Search for the Stock name you want to Buy on NSE or BSE.
Place Your Order – Select “Buy”, choose the number of shares, and confirm the order.
If you want to apply in Upcoming IPOs.
Just visit IPO section, search IPO you want to apply in and directly you can apply from there only.

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🤵‍♂️ About the Author ⤵️

Rishikesh Deshmukh

I am working as a Finance Analyst Intern. I recently created a calculator website for all the guys who want to instantly calculate their finances, such as SIP, SWP, EMIs, Mortgage, Gratuity, and many more. You’re definitely gonna love using it with accurate results and proper visualization. I also write blogs on some finance topics just for educational purposes.