Vikran Engineering IPO Day 1 Live: Vikran Engineering, an infrastructure EPC firm, will begin its subscription period on August 26 and will close on August 29. Vikran Engineering IPO price band has been established at ₹92-97 per share.
Vikran Engineering IPO comprises a fresh issue of shares estimated at around ₹721 crore and an offer-for-sale section valued at ₹51 crore by the promoter.
The Mumbai-based company plans to use the proceeds from the fresh issue, amounting to ₹541 crore, to fund working capital needs, with the remainder allocated for general corporate uses.
Vikran Engineering is recognized as one of the rapidly expanding Indian Engineering, Procurement & Construction (EPC) firms, delivering comprehensive services from conceptualization and design to supply, installation, testing, and commissioning on a turnkey basis.
Pantomath Capital Advisors and Systematix Corporate Services serve as the lead managers for the book-running process, while Bigshare Services is appointed as the issue’s registrar.
(Stay tuned for more updates)
