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Vikran Engineering IPO

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WEBSITE Inc. Year: 2008 Industry: Engineering - Construction Listed Page

Profile
Issue Size 569.77 Cr
Profile
Price Range 92  to  97 per share
Profile
Min Investment ₹97
Profile
Lot Size 1
Profile
Face Value ₹1
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are one of the fast-growing Indian Engineering, Procurement and Construction (EPC) company. We have adiversified project portfolio, with majority revenue from energy and water infrastructure verticals (contributing 49%each) which have a high growth potential in the medium term. We provide end-to-end services from conceptualisation,design, supply, installation, testing and commissioning on a turnkey basis and has presence across multiple sectorsincluding power, water, and railway infrastructure. Within the power sector, we have presence in both- powertransmission and power distribution and have completed projects under various schemes in power transmission (up to400kV level), extra high voltage (EHV) substations (up to 765kV level) including construction of 132 KV transmissionline and bay extension projects as part of railway electrification. In the water sector, our projects include undergroundwater distribution and surface water extraction, overhead tanks, and distribution networks. The company also hasexperience in Solar EPC of ground mounted solar projects and smart metering. (Source : CRISIL Report). Also, as apart of railway projects we undertake 132 kV traction substation projects and underground EHV cableling projects. Read More

Basic Info

Face Value 1 per share

Price 92  to  97 per share

P/E (x) 22

Sales( Cr.) 916

PAT( Cr.) 78

EPS 4.4

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Rakesh Ashok Markhedkar Avinash Markhedkar Nakul Markehdkar

Pre Issue Share Holding 81.78%

Post Issue Share Holding 56.17%

Listing Details:

Listing Price: 99.7

Listing Gain: 2.71%

Current Price: 71

Gain On Issue: 71 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 26, 2025
Closing Date Aug 29, 2025
Allotment Sep 01, 2025
Refund Sep 02, 2025
Delivery of Shares Sep 02, 2025
Listing Date Sep 03, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 148 14,356
Retail (Max) 13 1924 186,628
S-HNI (Min) 14 2072 200,984
S-HNI (Max) 69 10212 990,564
B-HNI (Min) 70 10360 1,004,920

Objective of the Issue

Our Company proposes to utilise the Net Proceeds towards funding of the following objects:1. Funding working capital requirements of our Company 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 16782608 326446412 19.5x
NII 12586956 737370484 58.6x
Retail 29369564 322102612 11x
EMP 0 0 0x
Total 58739128 1385919508 23.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Vikran Engineering Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 474 524 786 916
Other Income 5 5 5 7
Total Income 480 529 791 922
Total Expenditure 449 444 652 754
Operating Profit 31 85 140 168
Interest 19 29 33 55
Depreciation 2 4 4 3
Exceptional Income / Expenses 0 1 0 0
Profit Before Tax 9 54 103 110
Provision for Tax 3 11 28 32
Profit After Tax 7 43 75 78
Adjustments 0 0 0 0
Profit After Adjustments 7 43 75 78
Adjusted Earnings Per Share 0.4 2.9 4.4 4.2

Vikran Engineering Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 89 131 291 468
Minority's Interest 0 0 0 0
Borrowings 37 37 11 32
Other Non-Current Liabilities 22 14 25 43
Total Current Liabilities 352 550 667 857
Total Liabilities 499 732 995 1400
Fixed Assets 13 12 10 11
Other Non-Current Assets 53 80 76 91
Total Current Assets 434 640 909 1299
Total Assets 499 732 995 1400

Vikran Engineering Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 4 0 0 0
Cash Flow from Operating Activities 19 6 -66 -129
Cash Flow from Investing Activities -5 -14 -16 -9
Cash Flow from Financing Activities -17 9 82 141
Net Cash Inflow / Outflow -4 -0 -0 2
Closing Cash & Cash Equivalent 0 0 0 2

Vikran Engineering Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.45 2.9 4.42 4.24
CEPS(Rs) 0.61 3.15 4.66 4.4
DPS(Rs) 0.07 0.26 0.21 0
Book NAV/Share(Rs) 6.03 8.87 17.2 25.49
Core EBITDA Margin(%) 5.32 15.26 17.08 17.67
EBIT Margin(%) 5.93 15.74 17.26 18.06
Pre Tax Margin(%) 1.97 10.3 13.07 12.03
PAT Margin (%) 1.39 8.17 9.52 8.5
Cash Profit Margin (%) 1.92 8.88 10.04 8.82
ROA(%) 1.32 6.96 8.67 6.5
ROE(%) 7.39 38.88 35.43 20.5
ROCE(%) 13.52 33.41 35.67 27.21
Receivable days 280.19 255.47 193.61 218.84
Inventory Days 24.74 23.6 20.06 22.05
Payable days 259.74 348.85 279.77 292.25
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.2 0.27 0.17 0.24
EV/Core EBITDA(x) 3.12 1.66 0.96 1.33
Net Sales Growth(%) 0 10.56 49.9 16.53
EBIT Growth(%) 0 193.56 64.44 21.87
PAT Growth(%) 0 549.98 74.68 3.99
EPS Growth(%) 0 550.04 52.58 -4.08
Debt/Equity(x) 1.33 1.18 0.63 0.58
Current Ratio(x) 1.24 1.16 1.36 1.52
Quick Ratio(x) 1.14 1.1 1.29 1.45
Interest Cover(x) 1.5 2.89 4.12 3
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 25% 0% 0%
Operating Profit CAGR 20% 76% 0% 0%
PAT CAGR 4% 123% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 21% 32% 26% 26%
ROCE Average 27% 32% 27% 27%

Company Contact Information

Vikran Engineering Ltd.

Kajal Sagar Rakholiya

91 22 62638263

companysecretary@vikrangroup.com

B-2 & B-3, B Wing, 3rd Floor Ashar I T Park, Road No. 16- Z Wagle Industrial Estate

IPO Lead Manager(s)

Vikran Engineering Ltd.

Pantomath Capital Advisors Pvt Ltd.

Systematix Corporate Services Ltd.

Registrar Info

Vikran Engineering Ltd.

Bigshare Services Pvt Ltd

Office No S6-2, 6th Floor, Pinnacle Business Park,ext to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai - 400093 (old address - Bharat Tin Works building, 1st floor, Opp. Vasant Oasis, Andheri East Mumbai - 400 059 Tel: + 91 21 626 38200 Fax:

91-022-62638200

91-022-62638299

Investor@bigshareonline.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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