Synopsis:
SBI offloaded 16.36 lakh shares of Vikran Engineering at ₹99.42 each, cutting its ownership by 0.63 percent.
The shares of recently listed prominent EPC firm experienced a slight decline, drawing market attention after a Public sector Bank offloaded its stake in a bulk deal transaction.
With a market capitalization of Rs.2,486.78 crore, the shares of Vikran Engineering Limited are trading at Rs.96.76, up by 0.13 percent from the previous day’s closing price of Rs.95.64.
Bulk Deal Overview
As per NSE bulk deal records, State Bank of India offloaded 16,36,842 shares of Vikran Engineering Limited at Rs.99.42 per share, with the transaction amounting to Rs.16.27 crore.
The IPO of Vikran Engineering Limited opened for bidding on 26th August 2025 and closed on 29th August 2025. The company raised Rs. 772 crore through a book-built issue.
The IPO consisted of a fresh issuance of 7.43 crore shares worth Rs. 721 crore and an offer-for-sale of 0.53 crore shares totaling ₹51 crore, with the final issue price fixed at Rs. 97 per share. On its listing day i.e., Sepetmebr 3rd, the shares of Vikran Engineering Limited got listed in NSE at Rs. 99 per share with a 2 percent premium from the issue price.
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Operational Front
Vikran Engineering Limited was founded in 2008 and is a prominent Engineering, Procurement, and Construction company. The firm undertakes a wide range of projects, including underground water distribution, surface water extraction, overhead tanks, power transmission, and distribution. Vikran Engineering is actively expanding its presence in EPC projects for renewable energy.
In March 2024, Vikran Engineering Limited’s revenue from operations rose to Rs.916 crore, up from Rs.786 crore in the previous year. The company’s net profit increased to Rs.78 crore, compared with Rs.75 crore a year ago.
It reported a return on equity of 20.5 percent and a return on capital employed of 27.2 percent. The stock trades at a P/E ratio of 32.02, higher than the industry average of 21.16, suggesting a higher valuation relative to its peers.
Written By Jhanavi Sivakumar
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