Vikran Engineering Raises Rs 231.6 Cr From Anchor Investors Ahead of Rs 772 Cr IPO Opening On August 26
Ipo
Vikran Engineering IPO: The anchor book allocation for Vikran Engineering Limited’s upcoming initial public offering (IPO) has been completed. The allocation of 2,38,76,287 equity shares at a price of Rs 97 per share, including a premium of Rs 96, was agreed by the IPO Committee at a meeting on August 25, 2025, after consulting with its book-running lead managers. This raised around Rs 231.60 crore from anchor investors.
Notably, 87,63,228 shares, or 36.70% of the anchor part, were allotted to domestic mutual funds. Among the well-known names on the anchor list are Taurus Flexi Cap Fund, SBI General Insurance, Samco Mutual Fund, Nippon India AIF, Bank of India Mutual Fund, ITI Mutual Fund, and international investor Societe Generale.
The 14 anchor investors in Vikran Engineering Limited’s diversified anchor book include domestic mutual funds, insurance providers, international fund houses, and domestic AIFs. Nippon India Equity Opportunities Fund, 360 One Equity Opportunity Fund, Bank of India Mutual Fund, ITI Mutual Fund, SBI General Insurance Company Limited, and Bengal Finance & Investments Pvt Ltd are a few of the well-known companies that took part in the anchor round.
Vikran Engineering, which obtained the support of The Wealth Company (via India Inflexion Opportunity Fund) and seasoned investors Ashish Kacholia and Mukul Aggarwal in a pre-IPO placement transaction, is celebrating a major milestone with this IPO. By expanding the company’s shareholder base and bolstering its capital strength for the upcoming phase of expansion, the IPO now signifies the legitimate growth stage of the company.
Vikran Engineering boosted investor optimism by announcing at its Annual General Meeting (AGM) on August 25, 2025, that it has committed to creating value for its shareholders by paying out a dividend of 5% of its profits to equity shareholders.
Vikran Engineering IPO pairs an offer for sale (OFS) of up to Rs 51 crore (52,57,731 shares) with a fresh issuance of up to Rs 721 crore (7,43,29,896 shares). The company’s scheduled initial public offering (the “Offer”) of equity shares will go live for subscriptions on Tuesday, August 26, 2025, and close on Friday, August 29, 2025. The offer’s price bracket has been set between Rs 92 and Rs 97 per equity share. At the upper end of the price band, the IPO will bring in Rs 772 crore. Investors may place bids for multiples of 148 equity shares following the minimum of 148 equity shares.
A minimum of 15% of the net offer will be available for allocation to non-institutional bidders, a minimum of 35% of the net offer will be available for allocation to retail individual bidders, and no more than 50% of the net offer will be proportionately available for allocation to qualified institutional buyers through the book-building process.
Pantomath Capital Advisors Private Limited and Systematix Corporate Services Limited are the book-running lead managers.
The most current market statistics and the information available on investorgain.com indicate that the Vikran Engineering IPO is showing a substantial grey market premium (GMP). A potential listing price of Rs 117 can be calculated by the most recently reported GMP of Rs 20, which is added to the upper price band of Rs 97. An anticipated gain of 20.62% per share is shown by this. With a scheduled listing date of September 3, 2025, on the BSE and NSE, this premium indicates considerable investor interest in the IPO, even though the grey market is an unofficial indicator.