Vikran Engineering vs Anlon Healthcare IPO: Which One is the Better Bet?

Two mainboard IPOs, Vikran Engineering and Anlon Healthcare, are open for subscription until August 29. Vikran Engineering is raising Rs 772 crore with a price band of Rs 92-97 per share, while Anlon Healthcare is raising Rs 121.03 crore with a price band of Rs 86-91 per share. Vikran Engineering has seen strong grey market demand with a potential listing gain of 21-22%, while Anlon Healthcare shows a modest grey market response with a potential listing gain of 6-7%. Investors should consider these factors before deciding which IPO is a better bet.

Two prominent IPOs, Vikran Engineering and Anlon Healthcare, are currently open for subscription until August 29. Vikran Engineering, an infrastructure EPC company, is raising Rs 772 crore with a price band of Rs 92-97 per share, while Anlon Healthcare is raising Rs 121.03 crore with a price band of Rs 86-91 per share. This article provides a detailed comparison and analysis to help investors make informed decisions.

Vikran Engineering IPO

Vikran Engineering, with a strong EPC presence and a robust order book, is seeking to raise funds through its IPO. The company has seen significant grey market demand, with a potential listing gain of 21-22% [2]. The IPO is a mix of a fresh issue of shares worth Rs 721 crore and an offer for sale of shares worth Rs 51 crore. The proceeds will primarily fund working capital requirements [1].

The company has a diversified project portfolio with a strong presence in energy and water infrastructure, railway, and solar EPC. As of June 30, 2025, Vikran Engineering had completed 45 projects with a total executed contract value of Rs 1,920 crore and had 44 ongoing projects aggregating Rs 5,120 crore in orders [2].

Anlon Healthcare IPO

Anlon Healthcare, a healthcare services company, is also open for subscription. The company is raising Rs 121.03 crore with a price band of Rs 86-91 per share. The grey market response for this IPO is modest, with a potential listing gain of 6-7% [2].

Anlon Healthcare has a diversified service portfolio, including diagnostic services, clinical services, and pathology services. The company's financial performance has been strong, with revenue growth and profit margins improving over the past few years.

Investor Considerations

Investors should consider several factors before deciding which IPO to invest in. The grey market demand for Vikran Engineering is significantly higher than that for Anlon Healthcare, indicating strong investor interest in the infrastructure sector. However, the potential listing gain for Vikran Engineering is also higher, which could translate into higher returns for investors.

On the other hand, Anlon Healthcare's modest grey market response and lower potential listing gain may indicate less investor interest in the healthcare sector. However, the company's strong financial performance and diversified service portfolio could make it an attractive investment for healthcare-focused investors.

Conclusion

Both Vikran Engineering and Anlon Healthcare present compelling investment opportunities. Vikran Engineering's strong grey market demand and robust order book make it an attractive choice for investors seeking exposure to the infrastructure sector. Anlon Healthcare's modest grey market response and lower potential listing gain may indicate less investor interest, but its strong financial performance and diversified service portfolio could make it an attractive choice for healthcare-focused investors.

References

[1] https://www.business-standard.com/markets/ipo/vikran-engineering-garners-2-38-times-subscription-on-day-1-of-ipo-125082601573_1.html
[2] https://m.economictimes.com/markets/ipos/fpos/vikran-engineering-announces-ipo-price-band-gmp-remains-healthy-ahead-of-issue-opening-check-details/articleshow/123454734.cms