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Vikran Engineering pre-market discovery price at 99.70 rupees
ByAinvest
Wednesday, Sep 3, 2025 12:07 am ET1min read
Vikran Engineering pre-market discovery price at 99.70 rupees
Vikran Engineering's pre-market discovery price has been set at ₹99.70, as per the latest market updates. The company is scheduled to debut on the stock market today, September 3, 2025, at 10:00 AM IST [1].The IPO has been oversubscribed 23.59 times, indicating strong investor interest. Analysts have advised treating Vikran Engineering as a long-term investment due to its asset-light model and focus on infrastructure growth [1]. The company has posted impressive financial performance, with revenue growing at a 32% CAGR between FY23 and FY25, and EBITDA margins improving to 17.5% in FY25 [1].
The grey market premium (GMP) for Vikran Engineering's shares stood at ₹7 as of September 3, 2025, 6:55 AM IST, with the estimated listing price around ₹104, implying a potential gain of 7.22% per share [1]. The pre-market discovery price of ₹99.70 reflects a slight premium over the estimated listing price, indicating investor enthusiasm.
Vikran Engineering has a strong order book, with 45 completed projects worth ₹1,920 crore and 44 ongoing projects valued at ₹5,120 crore, providing revenue visibility for the next two years [1]. The company's focus on turnkey infrastructure projects in power transmission, water supply, and railway electrification positions it well for future growth.
The IPO has received a decent response from investors, with bids for 236 million equity shares against 58.7 million shares on offer, translating to an overall subscription of 4.02 times [2]. Non-institutional investors (NIIs) led the demand, with their allotted portion subscribed over 8.34 times, followed by retail investors at 4.1 times. The company's stock is expected to debut on the BSE and NSE, tentatively on Wednesday, September 3, 2025 [2].
References:
[1] https://economictimes.indiatimes.com/markets/stocks/live-blog/vikran-engineering-share-price-live-updates-vikran-engineering-ipo-listing-price-gmp-date-and-time-latest-market-news-03-sep-2025/liveblog/123667567.cms
[2] https://www.business-standard.com/markets/news/vikran-engineering-ipo-booked-4x-on-day-2-niis-lead-demand-gmp-down-at-9-125082800557_1.html
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