Vikran Engineering IPO subscribed 23 59 times — The offer received bids for 138.59 crore shares as against 5.87 crore shares on offer.The initial public offer of Vikran Engineering received bids for 1,38,59,17,880 shares as against 5,87,39,128 shares on offer, according to stock exchange data at 17:30 IST on Friday (29 August 2025).
The issue was subscribed 23.59 times.The issue opened for bidding on 26 August 2025 and it will close on 29 August 2025. This sets the stage for deeper insights on drivers, risks, and the 1–3 month outlook.
What happened and why it matters
The offer received bids for 138.59 crore shares as against 5.87 crore shares on offer.The initial public offer of Vikran Engineering received bids for 1,38,59,17,880 shares as against 5,87,39,128 shares on offer, according to stock exchange data at 17:30 IST on Friday (29 August 2025).
The issue was subscribed 23.59 times.The issue opened for bidding on 26 August 2025 and it will close on 29 August 2025. The price band of the IPO is fixed between Rs 92 and 97 per share. An investor can bid for a minimum of 148 equity shares and in multiples thereof.The IPO comprises both a fresh issue and an offer for sale.
The fresh issue comprises an issue of equity shares aggregating up to Rs 721 crore and an offer for sale of up to Rs 51 crore by Rakesh Ashok Markhedkar, one of the promoters of the company. Of the net proceeds from the fresh issue, the company intends to use Rs 541 crore for funding working capital requirements and the balance for general corporate purposes.
Vikran Engineering, promoted by Rakesh Ashok Markhedkar, Avinash A. Markhedkar, and Nakul Markehdkar, provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey Our read-through connects the development to fundamentals and positioning in key sectors.
Winners, losers, and moving parts
We assess near-term beneficiaries and potential laggards by mapping revenue exposure, cost sensitivities, and policy linkages. Watch management guidance, order funnels, and lead indicators (prices, spreads, volumes) to validate the trajectory.
1–3 month outlook and scenarios
Base case: steady progression as catalysts play out. Bull case hinges on faster execution or benign input trends; bear case stems from policy delays, cost spikes, or demand softness. Position sizing should reflect volatility and event risk.
Key takeaways
- Clarity on drivers vs. risks helps navigate the next few weeks.
- Track data releases, management commentary, and global cues.
- Prefer quality balance sheets and sustained cash flows.
Effecting Industries
General Market
Positive / Negative Impact
Positives: • Execution visibility or supportive data points. Negatives: • Policy delays, cost spikes, or demand softness to watch.
Reason
Article-specific drivers and sector linkages underpin the outlook.
Sentiment
Neutral (1–3 months) — Mixed signals; track upcoming catalysts.
