February 14, 2025
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Vikran Engineering IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Vikran Engineering IPO?
The IPO has received sebi nod on 14 January 2025 and now the company is expected to announced dates and price band soon.
What is the latest GMP of Vikran Engineering IPO?
Click
Vikran Engineering IPO Subscriptions
Price Rs. ? Lot ? shares, Net Rs. ? Crore |
|||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: / (?x) Amount wise Bids recd. Rs. ? Crore |
|||||
What are the promoters of Vikran Engineering IPO?
The promoters of the Company are RAKESH ASHOK MARKHEDKAR, AVINASH MARKHEDKAR AND NAKUL MARKEHDKAR.
What are the Objects of Vikran Engineering IPO?
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The net proceeds of the Offer are proposed to be utilised in the following manner:
1. Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by:
(a) Our Company;
(b) and Certain of our Subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries; and
2. General corporate purposes
What is the business of Vikran Engineering?
Vikran Engineering is one of the fast-growing Indian Engineering, Procurement and Construction (EPC) company. It has a diversified project portfolio, with majority revenue from energy and water infrastructure verticals (contributing 49% each) which have a high growth potential in the medium term. It provides end-to-end services from conceptualisation, design, supply, installation, testing and commissioning on a turnkey basis and has presence across multiple sectors including power, water, and railway infrastructure. Within the power sector, it has presence in both- power transmission and power distribution and has completed projects under various schemes in power transmission (up to 400kV level), extra high voltage (EHV) substations (up to 765kV level) including construction of 132 KV transmission line and bay extension projects as part of railway electrification. In the water sector, our projects include underground water distribution and surface water extraction, overhead tanks, and distribution networks. The company also has experience in Solar EPC of ground mounted solar projects and smart metering. Also, as a part of railway projects it undertakes 132 kV traction substation projects and underground EHV cableling projects. It key competencies encompass inhouse design and engineering and timely project execution.
The company has successfully executed projects for government entities, public sector undertakings and private companies. Its focus on operational excellence, and efficient cost structure, and has enabled it to deliver high-value projects that meet stringent regulatory and quality standards.
The company has experience of executing EPC projects with some of its projects being completed either ahead of schedule or within the contractual time periods. As of August 31, 2024, it has successfully completed 44 projects across 11 states with a total executed contract value of ₹ 18,958.14 million. As of August 31, 2024, it has 34 ongoing projects across 17 states, aggregating orders of ₹ 39,570.55 million, of which Order Book of ₹ 19,557.00 million. Its clients in the government sector include NTPC Limited, Power Grid Corporation of India Limited, South Bihar Power Distribution Co. Ltd., North Bihar Power Distribution Co. Ltd., Transmission Corporation of Telangana Limited, Madhya Pradesh Power Transmission Company Limited, Madhya Pradesh Madhya Kshetra Vidyut Vitran Company Limited, District Water and Sanitation Mission (PHED) and State Water and Sanitation Mission (SWSM). Further it is working on certain projects for Assam Power Distribution Company Limited and the Danapur division of the Eastern Central Railway.
For more information, click www.vikrangroup.com
Vikran Engineering IPO GMP, Particulars & Guidance
| Vikran Engineering IPO Details | |
| IPO opens on | 2025 |
| IPO closes on | 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 1000 Crore |
| * Fresh Issue | ? Shares / Rs 900 Crore |
| * Offer for Sale | ? Shares /Rs 100 Crore |
| Face Value per share: | Rs. 1 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Vikran Engineering? | Shares | Rs. in Crore |
| QIB (50 %) | ||
| NII (15 %) | ||
| RII (35 %) | ||
| Employees | – | – |
| Total Shares | ||
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail Application | ||
| Max Retail Application | ||
| Small HNI (Min) application | Shares | |
| Small HNI (Max) application | Shares | |
| Big HNI Application | Shares | |
| What is the timetable of Vikran Engineering IPO? | |
| IPO opens on | 2025 |
| IPO Closes on | 2025 |
| IPO Allotment on | 2025 |
| Unblocking of Asba | 2025 |
| Credit of Shares | 2025 |
| Listing of Shares | 2025 |
| Registered Office of Vikran Engineering 401, Odyssey I.T. Park, Road No. 9, Wagle Industrial Estate, Thane (W) – 400604, Maharashtra |
|
| The Lead Managers of the IPO Pantomath Capital Advisors Pvt ltd Systematix Corporate Services ltd |
|
| Registrar to IPO | |
| Bigshare Services Limited |
| Vikran Engineering IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Crore | Rs.in Crore | Rs. | % | |
| 2020-21 | 479.57 | 6.59 | 0.45 | 7.39 |
| 2021-22 | 529.18 | 42.84 | 2.89 | 32.67 |
| 2022-23 | 791.44 | 74.83 | 4.92 | 25.69 |
| Book Value of the Share on 31.03.2024 |
17.20 | |||
| BV of the Share after the FPO |
Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Ratio Analysis | |
| Price /EPS | – |
| Price/Book Value Ratio | – |
| Price/BV after IPO | ? |
How Vikran Engineering IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Vikran Engineering | 1 | 785.95 | ? |
| Bajel Projects | 2 | 1169.21 | 689.32 |
| Kalpataru Projects | 2 | 19626.43 | 42.11 |
| Techno Electric | 2 | 1502.38 | 64.25 |
| SPML Infra | 2 | 1318.97 | – |
| KEC International | 2 | 19914.17 | 75.61 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Vikran Engineering IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Will post our review once the price band and time schedule are announced.
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