The allotment of shares for the Vikran Engineering IPO was finalized on Monday, September 1, 2025, after witnessing robust demand across all investor segments during its three-day subscription period.
IPO Subscription Details
The bidding for the IPO opened on August 26 and closed on August 29, attracting significant interest from institutional, retail, and non-institutional investors.
According to the final subscription data:
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Overall Subscription: 24.87 times
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Retail Category: 11.56 times
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Qualified Institutional Buyers (QIBs): 20.51 times
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Non-Institutional Investors (NIIs): 61.77 times, the highest among all categories.
The ₹772 crore IPO comprised a fresh issue of 7.43 crore shares worth ₹721 crore and an offer for sale of 0.53 crore shares worth ₹51 crore. The price band was set at ₹92–₹97 per share.
For retail investors, the minimum application size was 148 shares, requiring an investment of ₹14,356 at the upper price band. Small NIIs needed at least 2,072 shares (₹2,00,984), while large NIIs had a minimum lot size of 10,360 shares (₹10,04,920).
How to Check IPO Allotment Status
Applicants can verify their allotment status through:
✔ BSE Website:
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Visit the BSE IPO allotment page.
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Select “Equity” under Issue Type.
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Choose Vikran Engineering Limited from the dropdown.
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Enter your application number and PAN.
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Complete the captcha and click Search.
✔ Bigshare Services (Registrar):
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Visit Bigshare Services’ IPO allotment page.
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Select Vikran Engineering Limited from the dropdown.
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Choose Application Number, Beneficiary ID, or PAN.
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Enter details, confirm the captcha, and click Search.
Grey Market Premium (GMP)
As of September 1, the GMP for Vikran Engineering IPO stood at ₹6, indicating an estimated listing price of around ₹103, which suggests a 6.19% premium over the issue price.
Listing Date
Shares of Vikran Engineering will list on BSE and NSE on Wednesday, September 3, 2025.
