Vikran Engineering is set to launch Rs 7.72 billion IPO

Vikran Engineering, an engineering, procurement, and construction (EPC) company in infrastructure space, is set to launch its IPO to raise Rs 7.72 billion. The IPO comprises a fresh issue of Rs 7.21 billion and an offer for sale component of Rs 510 million. The price band for the issue ranged between Rs 92 and Rs 97. The issue will be open for public subscription between August 26, 2025 and August 29, 2025. The proceeds from the issue up to Rs 5.41 billion will be utilised for working capital requirements and remaining for general corporate purposes.