Vikran Engineering Limited IPO Review
Neutral92-97 · Mainboard
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Analyst Verdict
Vikran Engineering Limited IPO
Neutral
IPO at a Glance
Price Band
92-97
Issue Size
772cr
Min. Investment
₹14,356
Opens
2025-08-24
Closes
2025-08-27
Listing
2025-09-01
Category
Mainboard
Key Strengths
✓Diversified project portfolio across power, water, and railway sectors.
✓Strong track record with 44 completed and 34 ongoing projects in 17 states.
✓Established relationships with major government and public sector clients.
✓Robust financial growth with significant CAGR in sales and net profit over five years.
✓Successful capital raising of over ₹100 crore in pre-IPO funding rounds.
Key Risks
⚠High dependence on government contracts, subject to policy and budgetary changes.
⚠Working capital-intensive operations may affect liquidity during project execution.
⚠Exposure to regulatory and environmental compliance risks in infrastructure projects.
⚠Potential delays in project execution due to unforeseen site conditions or approvals.
⚠Concentration risk if a significant portion of revenue is derived from a few large clients
Frequently Asked Questions
Should I apply for Vikran Engineering Limited IPO?
Based on our analysis, our rating for Vikran Engineering Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Vikran Engineering Limited IPO?
High dependence on government contracts, subject to policy and budgetary changes. Working capital-intensive operations may affect liquidity during project execution. Exposure to regulatory and environmental compliance risks in infrastructure projects.
What are the strengths of Vikran Engineering Limited IPO?
Diversified project portfolio across power, water, and railway sectors. Strong track record with 44 completed and 34 ongoing projects in 17 states. Established relationships with major government and public sector clients.
What is the price band of Vikran Engineering Limited IPO?
The price band for Vikran Engineering Limited IPO is 92-97. The IPO has closed.
Full Analysis Available
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