Vikran Engineering IPO Subscription Status
Vikran Engineering IPO closed on 29 August 2025 with an overall subscription of 24.87x based on shares applied. QIB demand came in at 20.51x, NII at 61.77x, and retail at 11.56x.
Allotment will be finalised on 1 September 2025. The stock is scheduled to list on NSE and BSE on 3 September 2025.
Issue Price
Rs 97.00
GMP Today
Rs 6.50 (+6.70%)
Overall Subscription
24.87x
Issue Size
₹772.00 Cr
Allotment Date
1 Sept 2025
Listing Date
3 Sept 2025
Vikran Engineering IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 97.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 154.40 Cr | Rs 3,166.53 Cr | 20.51x |
| FII | - | Rs 1,114.37 Cr | - |
| DFI | - | Rs 700.28 Cr | - |
| Mutual Funds | - | Rs 1.24 Cr | - |
| Other | - | Rs 1,350.63 Cr | - |
| NII | Rs 115.80 Cr | Rs 7,152.49 Cr | 61.77x |
| bNII (above Rs 10L) | Rs 77.20 Cr | Rs 5,430.21 Cr | 70.34x |
| Corporate | - | Rs 51.71 Cr | - |
| Individual | - | Rs 5,083.75 Cr | - |
| Other | - | Rs 294.75 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 38.60 Cr | Rs 1,722.29 Cr | 44.62x |
| Corporate | - | Rs 3.97 Cr | - |
| Individual | - | Rs 1,627.45 Cr | - |
| Other | - | Rs 90.87 Cr | - |
| Retail | Rs 270.20 Cr | Rs 3,124.40 Cr | 11.56x |
| Cut-off price | - | Rs 2,528.08 Cr | - |
| Fixed price | - | Rs 596.32 Cr | - |
| Total | Rs 540.40 Cr | Rs 13,443.42 Cr | 24.88x |
Vikran Engineering IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,59,17,525 | 1,335 | 0.00x |
| FII | - | 27 | - |
| DFI | - | 213 | - |
| Mutual Funds | - | 6 | - |
| Other | - | 1,089 | - |
| NII | 5,762 | 1,36,416 | 23.68x |
| bNII (above Rs 10L) | 3,841 | 53,357 | 13.89x |
| Corporate | - | 515 | - |
| Individual | - | 49,931 | - |
| Other | - | 2,911 | - |
| sNII (Rs 2L to Rs 10L) | 1,921 | 83,059 | 43.24x |
| Corporate | - | 179 | - |
| Individual | - | 78,447 | - |
| Other | - | 4,433 | - |
| Retail | 1,88,214 | 18,42,310 | 9.79x |
| Cut-off price | - | 14,74,594 | - |
| Fixed price | - | 3,67,716 | - |
| Total | 1,61,11,501 | 19,80,061 | 0.12x |
What Do These Subscription Numbers Mean?
A subscription of 24.87x by shares means the IPO received bids for 25 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 20.51x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 20.51x, it reflects serious institutional conviction.
NII at 23.68x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 13.89x and sNII at 43.24x by applications. Share subscription was 61.77x. Allotment uses application count, not share volume.
At 9.79x subscription by applications, approximately 1 in 10 retail applicants can expect an allotment (~10% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 11.56x. Allotment uses application count, not share volume.
Vikran Engineering IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 9.79x.
- •Allotment odds: about 1 in 10 (~10% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 11.56x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 43.24x.
- •Allotment odds: about 1 in 43 for a minimum-lot application (~2% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 44.62x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 13.89x.
- •Allotment odds: about 1 in 14 for a minimum-lot application (~7% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 70.34x. Allotment uses application count, not share volume.
Check the Vikran Engineering IPO Allotment Status page from 1 September 2025 for your allotment result.
Vikran Engineering IPO GMP After Subscription
GMP for Vikran Engineering IPO stands at Rs 6.50 today, giving an estimated listing price of Rs 103.50 per share.
A subscription of 24.87x combined with a GMP of 6.70% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Vikran Engineering IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Vikran Engineering IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 26 Aug 2025 | 0.43x | 5.43x | 2.44x | 2.51x |
| Day 2 - 28 Aug 2025 | 0.96x | 11.63x | 5.52x | 5.52x |
| Day 3 - 29 Aug 2025 | 20.51x | 61.77x | 11.56x | 24.87x |
Vikran Engineering IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 26 August 2025 |
| IPO Close Date | 29 August 2025 |
| Allotment Date | 1 September 2025 |
| Refund Initiation | 2 September 2025 |
| Share Credit to Demat | 2 September 2025 |
| Listing Date | 3 September 2025 |
| Minimum Investment | Rs 14,356.00 |
| Lot Size | 148 shares |
About Vikran Engineering IPO
Vikran Engineering Limited, incorporated in 2008, is a prominent Engineering, Procurement, and Construction (EPC) company specializing in large-scale infrastructure projects. The company's expertise spans key sectors, including Power Transmission & Distribution (up to 400 kV substations), Water Infrastructure (underground distribution systems and networks), Railway Infrastructure, and Solar Energy (EPC projects). As of August 31, 2024, the company had completed 44 projects and had 34 ongoing projects across 17 states, with a robust order book of ₹19,557.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Vikran Engineering IPO Subscription FAQs
What is Vikran Engineering IPO IPO subscription status today?
Vikran Engineering IPO IPO subscription closed on 29 August 2025 with overall subscription of 24.87x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 20.51x, NII 23.68x, Retail 9.79x.
What is the overall subscription of Vikran Engineering IPO IPO?
Vikran Engineering IPO IPO is subscribed 24.87x overall by shares at close on 29 August 2025. QIB 20.51x, NII 23.68x, and Retail 9.79x.
What is Vikran Engineering IPO IPO QIB subscription?
Vikran Engineering IPO IPO QIB (Qualified Institutional Buyers) subscription is 20.51x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Vikran Engineering IPO IPO Retail subscription?
Vikran Engineering IPO IPO Retail subscription is 9.79x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Vikran Engineering IPO IPO NII subscription?
Vikran Engineering IPO IPO NII (Non-Institutional Investors) subscription is 23.68x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Vikran Engineering IPO IPO for retail?
At 9.79x subscription by applications, approximately 1 in 10 retail applicants can expect an allotment (~10% per application). Allotment is done by lottery. Share subscription was 11.56x. Allotment uses application count, not share volume.
When is Vikran Engineering IPO IPO allotment date?
Vikran Engineering IPO IPO allotment date is 1 September 2025. Check Vikran Engineering IPO Allotment Status on IPOwiz from that day using your PAN.
When does Vikran Engineering IPO IPO subscription close?
Vikran Engineering IPO IPO subscription closed on 29 August 2025. No new applications are accepted after the close.
What is Vikran Engineering IPO IPO GMP today?
Vikran Engineering IPO IPO GMP is ₹7 today (+6.70% over issue price ₹97). See live GMP on the Vikran Engineering IPO GMP Today page.
What is Vikran Engineering IPO IPO issue price and lot size?
Vikran Engineering IPO IPO issue price is ₹97 per share. Lot size is 148 shares. Minimum investment is ₹14,356 per lot. Issue size: ₹772.00 Cr.
When is Vikran Engineering IPO IPO listing date?
Vikran Engineering IPO IPO listing date is 3 September 2025 on NSE and BSE. Allotment is on 1 September 2025.
How does subscription affect Vikran Engineering IPO IPO allotment?
Allotment odds in Vikran Engineering IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 23.68x by applications means roughly 1 in 24 for minimum-lot bids; bNII at 13.89x (~1 in 14). At 24.87x overall, competition is high.
For allotment results from 1 September 2025, visit the Vikran Engineering IPO Allotment Status page. For listing day updates on 3 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.