Vikran Engineering IPO Subscription Status Day 3: Subscribed 24.87 Times

Vikran Engineering Limited's initial public offering (IPO) has demonstrated strong investor interest through its third and final day of subscription, with Vikran Engineering's stock price set at ₹92-97 per share reflecting positive market reception. The ₹772 crore IPO reached 24.87 times by 5:04:34 PM on day three, indicating strong investor interest in this EPC company incorporated in 2008.

Vikran Engineering IPO non-institutional investors segment leads with exceptional 61.77 times subscription, whilst qualified institutional buyers (ex-anchor) demonstrate strong participation at 20.51 times and retail investors show strong interest at 11.56 times, whilst anchor investors show complete participation at 1.00 times, reflecting strong investor confidence in this company.

Vikran Engineering IPO subscription reached strong 24.87 times on day three, led by Non-Institutional Investors (61.77x), Qualified Institutional Buyers Ex-Anchor (20.51x), and Retail Investors (11.56x). Total applications reached 19,62,621.

Subscription Status of Vikran Engineering IPO:

Here are the subscription details for Vikran Engineering IPO as of Day 3 (August 29, 2025, 5:04:34 PM):

Vikran Engineering IPO Reservation

Key Highlights - Day 3:

• Overall subscription reached strong 24.87 times, showing substantial improvement from day two's 5.52 times.
• bNII category demonstrating exceptional performance at 70.34 times, building substantially from day two's 11.68 times
• Non-institutional investors category displaying exceptional interest at 61.77 times, building substantially from day two's 11.63 times
• sNII segment showing strong participation at 44.62 times, building substantially from day two's 11.52 times
• Qualified institutional buyers (ex-anchor) displaying strong growth at 20.51 times, building substantially from day two's 0.96 times
• Retail investors showing strong confidence at 11.56 times, building substantially from day two's 5.52 times
• Total applications reached 19,62,621, indicating strong investor participation for this mainboard IPO
• Cumulative bid amount reached ₹13,441.90 crores, significantly exceeding the issue size of ₹772 crores

Vikran Engineering IPO - Day 2 Subscription at 5.52 Times

Key Highlights - Day 2:

• Overall subscription reaching strong 5.52 times, showing substantial improvement from day one's 2.51 times
• Non-institutional investors category displaying strong interest at 11.63 times, building substantially from day one's 5.43 times
• bNII category demonstrating strong performance at 11.68 times, building substantially from day one's 5.76 times
• sNII segment showing strong participation at 11.52 times, building substantially from day one's 4.78 times
• Retail investors showing strong confidence at 5.52 times, building substantially from day one's 2.44 times
• Qualified institutional buyers (ex-anchor) displaying modest growth at 0.96 times, building from day one's 0.43 times

Vikran Engineering IPO - Day 1 Subscription at 2.51 Times

Key Highlights - Day 1:

• Overall subscription reached solid 2.51 times, showing encouraging initial investor response
• Non-institutional investors demonstrating strong confidence at 5.43 times, indicating robust HNI appetite
• bNII segment demonstrating strong performance at 5.76 times, showing confident larger HNI participation
• sNII category showing good participation at 4.78 times, indicating positive smaller HNI interest
• Retail investors displaying solid confidence at 2.44 times, showing encouraging retail sentiment
• Qualified institutional buyers (ex-anchor) showing modest performance at 0.43 times, indicating measured institutional appetite

About Vikran Engineering Limited

Incorporated in 2008, Vikran Engineering Limited is an Indian EPC company engaged in power transmission and distribution, water infrastructure, railway infrastructure and solar energy projects, specializing in extra-high voltage substations up to 400kV and comprehensive infrastructure solutions with operations across multiple states serving government and private sector clients.