Synopsis:
Vikran Engineering shares debuted on September 3, 2025, at a slight premium, listing at Rs 99 on NSE (2.06% above the Rs 97 IPO price) and Rs 99.70 on BSE (2.78% premium).
This EPC company provides comprehensive end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis across multiple infrastructure sectors is now in focus after Ashish Kacholia invested and listed 3% above from issued price.
With market capitalization of Rs. 2,543 cr, the shares of Vikran Engineering Ltd are currently trading at Rs. 100.91 per share, increasing 5% from its issued price which is Rs. 97, making a high of Rs. 101.77 per share.
News
Vikran Engineering’s shares made their market debut on September 3, 2025, listing at a slight premium over the IPO price. On the NSE, the shares opened at Rs 99, a 2.06% premium to the IPO price of Rs 97. On the BSE, they listed at Rs 99.70, reflecting a 2.78% premium, indicating a positive response from investors.
Ashish Kacholia is invested in Vikran Engineering who is one of the marquee investors backing the company and was part of the anchor investors who collectively invested Rs. 231.6 crore ahead of the IPO. Ashish Kacholia’s backing is seen as a strong vote of confidence in Vikran Engineering, which made its stock market debut recently with a positive listing premium over the IPO price.
As of June 30, 2025, the company has an order book of Rs. 2,444 crore pending execution out of total orders worth Rs. 5,120 crore, giving revenue visibility for 2–3 years. It follows an asset-light business model, renting equipment instead of owning it, supported by a network of 3,500+ suppliers and an in-house team of 12 designers and engineers for strong design and engineering capabilities.
About the company
Vikran Engineering Ltd offers end-to-end turnkey services across power transmission & distribution, water infrastructure, and railway projects, including design, supply, installation, and commissioning. Its portfolio includes high-voltage transmission lines, substations, smart metering, water treatment plants, multi-village schemes, rainwater harvesting, and railway electrification projects.
The company showed strong growth in FY25, with total income rising 17% and profit after tax (PAT) increasing 4% to Rs. 77.82 crore compared to FY24. Its EBITDA grew to Rs. 160.24 crore, while net worth and reserves & surplus rose to Rs. 467.87 crore and Rs. 449.52 crore, respectively. Total assets increased to Rs. 1,354.68 crore, and borrowings stood at Rs. 272.94 crore, reflecting the company’s expanding scale and financial stability.
Written by Manideep Appana
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