Vikran Engineering IPO Subscription
ListedUpdated 3 September 2025, 9:15 AM IST· Mainboard
Vikran Engineering IPO subscription closed on 29 August 2025 at 24.87x overall by shares. QIB demand came in at 20.51x, NII at 61.77x, and retail at 11.56x. See Retail, SHNI, and BHNI allotment chances in the table…
Vikran Engineering IPO subscription closed on 29 August 2025 at 24.87x overall by shares. QIB demand came in at 20.51x, NII at 61.77x, and retail at 11.56x. See Retail, SHNI, and BHNI allotment chances in the table below.
Show moreShow less
Allotment date is 1 September 2025. Listing date on NSE and BSE is 3 September 2025.
Vikran Engineering IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| 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 Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Vikran Engineering IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 9.79x | 1 in 10 |
| SHNI (Rs 2L to Rs 10L) | 43.24x | 1 in 43 |
| BHNI (above Rs 10L) | 13.89x | 1 in 14 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Vikran Engineering IPO Allotment Status page from 1 September 2025 for your result.
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?
24.87x overall by shares means bids covered about 25 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 20.51x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (23.68x by applications). Split: SHNI 43.24x, BHNI 13.89x by applications. SHNI and BHNI allotment is by lottery.
At 9.79x subscription by applications, about 1 in 10 retail applicants may get allotment (~10% chance per application). Retail allotment is also by lottery.
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 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 (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Vikran Engineering IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Vikran Engineering IPO Details
Issue size, price, financials, and company info
Vikran Engineering IPO GMP
Live grey market premium and listing estimate
Vikran Engineering IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Vikran Engineering IPO Allotment
Allotment date, chances, and check by PAN
Vikran Engineering IPO Review
SWOT, strengths, risks, and IPO review
Vikran Engineering IPO FAQ
Common questions on dates, GMP, and allotment
Vikran Engineering IPO Registrar
Registrar website and how to check allotment
Vikran Engineering IPO Timeline
Open, close, allotment, and listing dates
Vikran Engineering IPO News
Updates, blogs, and latest IPO news
Vikran Engineering IPO Subscription FAQs
What is Vikran Engineering IPO subscription status today?
Vikran Engineering IPO subscription closed on 29 August 2025 with overall subscription of 24.87x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 20.51x, NII 23.68x, Retail 9.79x.
What is the overall subscription of Vikran Engineering IPO?
Vikran Engineering 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 QIB subscription?
Vikran Engineering 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 Retail subscription?
Vikran Engineering IPO Retail subscription is 9.79x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Vikran Engineering IPO NII, SHNI, and BHNI subscription?
Vikran Engineering IPO NII subscription is 23.68x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 43.24x and BHNI (above Rs 10L) at 13.89x.
What are Vikran Engineering IPO retail allotment chances?
At 9.79x subscription by applications, about 1 in 10 retail applicants may get allotment (~10% chance per application). Allotment is by lottery. Share subscription was 11.56x. Allotment chances use applications, not share volume.
What are Vikran Engineering IPO SHNI allotment chances?
At 43.24x subscription by applications, about 1 in 43 SHNI applicants may get allotment (~2% chance per application). Allotment is by lottery. Share subscription was 44.62x. Allotment chances use applications, not share volume.
What are Vikran Engineering IPO BHNI allotment chances?
At 13.89x subscription by applications, about 1 in 14 BHNI applicants may get allotment (~7% chance per application). Allotment is by lottery. Share subscription was 70.34x. Allotment chances use applications, not share volume.
When is Vikran Engineering IPO allotment date?
Vikran Engineering 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 subscription close?
Vikran Engineering IPO subscription closed on 29 August 2025. No new applications are accepted after the close.
What is Vikran Engineering IPO GMP today?
Vikran Engineering 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 issue price and lot size?
Vikran Engineering 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 listing date?
Vikran Engineering IPO listing date is 3 September 2025 on NSE and BSE. Allotment is on 1 September 2025.
How does subscription affect Vikran Engineering IPO allotment?
In Vikran Engineering IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. 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.
Sources
We match Vikran Engineering IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.