Vikran Engineering IPO Review: GMP, Subscription Status and Should I Apply or Not?
The charm of the stock market is something else. When a new IPO comes, the curiosity and excitement of investors is at its peak. Right now most of the discussion is happening around the Vikran Engineering IPO, which is an issue of a company backed by investors Ashish Kacholia and Mukul Agrawal. This IPO is now open in the Indian primary market and has also gathered a very strong response. But the real question is – should I apply according to Vikran Engineering IPO review or not? Let us understand in detail.
Vikran Engineering IPO Day 3 Update – What is the Scene of Subscription Status?
Vikran Engineering IPO was opened on 26 August 2025 and is open till 29 August 2025. Meaning investors now have only one day left to apply for this mainboard IPO. Talking about the subscription status of Day 3, it has created tremendous buzz in the market. Till 10:12 AM in the morning, the issue was subscribed 5.87 times. The retail portion was filled 5.69 times, the quota of Non-Institutional Investors (NII) was filled 12.88 times and the QIB segment was filled 0.91 times.
These numbers clearly show that the trust of investors on Vikran Engineering IPO is very strong. Despite the market crash, this IPO is making its mark and has kept the grey market premium stable.
Vikran Engineering IPO GMP Today – Grey Market Sentiment
Today, Vikran Engineering IPO GMP is running at ₹13. This is one rupee less than Thursday’s ₹14, but market experts say that a fall of ₹1 is not a big deal, while there is a heavy sell-off in the secondary market.
The stability of the grey market premium indicates that the overall sentiment of investors is positive. Taking the subscription figures and GMP together, it is clear that the demand for the IPO is strong and people are looking at it as a safe bet.
Vikran Engineering IPO Review – What are the Experts saying?
You always consider the opinion of experts while deciding to apply for an IPO. Different brokerage houses and market experts have given their views on this IPO.
BP Equities has given it a ‘Subscribe’ rating. They say that the P/E ratio of the company at the upper price band is 22.3x which is at a discount compared to its peers. Both this valuation and the market positioning of the company look attractive.
Geojit Securities has also advised to subscribe to this IPO. They said that at the upper price band of ₹ 97, Vikran’s P/E is 32x which is a fair valuation compared to peers. The company is a fast-growing EPC player with a diversified order book spread across power transmission, water infrastructure and railway sectors. Also, government schemes like Revamped Distribution Sector Scheme and Jal Jeevan Mission are expected to provide long-term growth to it. Asset-light model and pan-India presence make this IPO a strong pick.
Apart from this, big names like Anand Rathi, Adroit Financial Services, Arihant Capital Markets, Asit C Mehta, AUM Capital, Nirmal Bang, Ventura Securities, Marwadi Shares and Finance, Reliance Securities and Canara Bank Securities are also recommending to subscribe to this IPO.
Vikran Engineering IPO Details – Allotment and Listing Dates
If you are curious about the dates of allotment and listing, then the most likely Vikran Engineering IPO allotment date is 30 August 2025. If there is a delay due to Saturday, then the allotment can happen on Monday, 1 September 2025. The expected date for listing is 3 September 2025, when the shares of Vikran Engineering Limited will debut on the stock market.
Final Verdict – Vikran Engineering IPO Apply Kare Ya Nahi?
Now the question is whether to apply for Vikran Engineering IPO? Market observers and experts are both quite positive. Strong subscription status, stable grey market premium, and subscribe rating of brokerage houses clearly suggest that the IPO can be a promising opportunity.
But, like every investment, there are risks involved. Market volatility and short-term fluctuations can affect your returns. So if your horizon is long-term and you have faith in infrastructure and EPC sector, then Vikran Engineering IPO can be a good addition to your portfolio.
Disclaimer:
This article is for informational purpose only. The details of Vikran Engineering IPO review, GMP and subscription status given here are based on the reports of market observers and brokerages. Consult your financial advisor before taking any investment decision. Stock market investments come with risk, so invest keeping in mind your risk appetite and financial goals.
Also Read
Vikran Engineering IPO: Strong Anchor Investor Backing Before Launch
