IPO GMP Today: Vikran Engineering IPO Subscribed 4x, What Does IPO GMP Indicate On Aug 28? Should You Bet?

Vikran Engineering IPO GMP: The mainboard initial public offering (IPO) of Vikran Engineering is witnessing a decent response from the primary market investors. The issue has been subscribed to around 4 times till Tuesday.

Vikran Engineering IPO GMP today remained strong and indicated a positive listing of the stock after the completion of the subscription period. For investors who are closely tracking all the details about Vikran Engineering IPO, here are all the details they should now about it.

Vikran Engineering IPO GMP Today

Vikran Engineering IPO gmp today stood at Rs 13, according to Investorgain.com at 7:54 am on Thursday. The IPO's estimated listing price is expected to be at Rs 110 (which is the sum of cap price and its latest GMP). The expected percentage gain or loss per share is likely to be 13.4%.
Vikran Engineering's IPO GMP is witnessing an upward trend. It touched a lowest mark of Rs 0 and the highest mark of Rs 21 per, according to Investorgain website. An IPO's GMP is indicative of its demand in the unregulated market and is not an official or authentic way to measure its demand among investors.

Vikran Engineering IPO Subscription Status

The issue has been subscribed around 4 times so far till Thursday at 11:59 am, according to Chittorgarh.com. The IPO has been subscribed by 4.11 times in the retail category, 0.66 times in the QIB (ex-anchor) category, and 8.45 times in the NII category by August 28.

On Tuesday, the issue has been subscribed around 2.44 times in the retail category, 0.43 times in the qualified institutional buyers (QIB) category and 5.43 times in the NII category, according to Chittorgarh.com.

Vikran Engineering IPO Book Build Issue

Vikran Engineering IPO is a book build issue of Rs 772 crores. The IPO is a fresh issue of 7.43 crore shares aggregating to Rs 721 crores and an offer for sale of 0.53 crore shares aggregating to Rs 51 crores.

The IPO will be listed on BSE and NSE, and its tentative listing date has been fixed as September 3, 2025.

Vikran Engineering IPO Price Band

The company has fixed a price band at Rs 92 to Rs 97 per share. The IPO's lot size for application is 148. Which means that the retail investors are required to invest a minimum amount of Rs 14,356 for 148 share. The lot size investment for sNII is 14 lots amounting to Rs 2,00,984. For bNII, its lot size is 70, equivalent to 10,360 shares amounting to Rs 10,04,920.

Vikran Engineering IPO: Should You Buy?

SBI Securites has maintained a 'Neutral' recommendation for Vikran Engineering IPO indicating that the company may see a tough competition from its peers post-listing.

"The company follows an asset-light model, renting equipment as needed to reduce fixed costs and improve project efficiency. Among core peers (Kalpataru Projects International, KEC International and Transrail Lighting), the company has the highest profitability margins (EBITDA and PAT) as of FY25. We maintain a NEUTRAL view on the company and would like to monitor the performance of the company vis-à-vis its major peers post listing," noted SBI Securities in its IPO Note.

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