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Vikran Engineering IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Vikran Engineering IPO basis of allotment of shares will be finalised on Monday, September 1 and the company will initiate refunds on Tuesday, September 2 while the shares will be credited to the demat account of allottees on the same day following refund. Vikran Engineering share price is likely to be listed on BSE and NSE on Wednesday, September 3. Vikran Engineering IPO details The IPO includes a fresh share issuance valued at ₹721 crore and a secondary sale of shares totaling up to ₹51 crore from current promoters and shareholders. The funds raised from the fresh issuance will be used to support the company's working capital needs. Pantomath Capital Advisors and Systematix Corporate Services are serving as the lead managers for the Vikran Engineering IPO. Vikran Engineering IPO GMP today Vikran Engineering IPO grey market premium is +10. This indicates Vikran Engineering share price were trading at a premium of ₹10 in the grey market, according to investorgain.com. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Vikran Engineering share price was indicated at ₹107 apiece, which is 10.31% higher than the IPO price of ₹97. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Company details Founded in 2008, Vikran Engineering Limited operates as an Engineering, Procurement, and Construction (EPC) firm. The company's projects encompass underground water distribution, surface water extraction, overhead storage tanks, and distribution systems. As of June 30, 2025, Vikran has successfully completed 45 projects across 14 states, with a total contract value of ₹19,199.17 million. By the same date, they have 44 active projects spanning 16 states, totaling orders worth ₹51,202.07 million, with an Order Book amounting to ₹24,424.39 million. Among the company's clients in the public sector are 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, and others.