Last Call For IPO Investors! Vikran Engineering IPO Subscription Closes Today, Check Status, IPO GMP Today

IPO GMP Today: Vikran Engineering Initial Public Offering (IPO), worth Rs 772 crore, is all set to close for subscription on Friday. The mainboard IPO has received strong response from investors for its subscription. The Vikran Engineering IPO has been subscribed by around 8.6 times on Friday, till 11:34 am, according to Chittorgarh.com.

Vikran Engineering IPO GMP today (grey market premium) indicated a strong listing of the stock next week. Here are all the details investors need to know about Vikran Engineering IPO, from its subscription status to the latest IPO GMP today.

Vikran Engineering IPO Subscription Status

Vikran Engineering IPO has been subscribed by around 8.6 times. The IPO issue has been subscribed by around 7.4 times in the retail category, 1.02 times in the QIB (ex-Anchor) category and 21.51 times in the NII Category, according to Chittorgarh.com on Friday till 11:30 am. The issue was subscribed by around 5.52 times (total) on day 2, and 2.51 times on day 1.

Vikran Engineering IPO GMP Today

Vikran Engineering IPO GMP stood at Rs 12, according to Investorgain.com data till 10:29 am on Friday. With this, the Vikran Engineering IPO listing price is expected to be Rs 109 per share (sum of GMP and cap price). The IPO is expected to be listed with a percentage gain or loss per share of 12.37%. Vikran Engineering IPO GMP stood at a low of Rs 0 and a high of Rs 21. Investors must note that the an IPO's GMP doesn't indicate its exact listing price and depends on the demand of the IPO in the unregulated grey market.

Vikran Engineering IPO Price Band

The company has fixed a price band at Rs 92 to Rs 97 per share. The IPO's lot size for application is 148. Which means that the retail investors are required to invest a minimum amount of Rs 14,356 for 148 share. The lot size investment for sNII is 14 lots amounting to Rs 2,00,984. For bNII, its lot size is 70, equivalent to 10,360 shares amounting to Rs 10,04,920.

About Vikran Engineering IPO

The company plans to raise around Rs 772 crore with the IPO. Vikran Engineering Limited is an engineering, procurement, and construction (EPC) company with expertise in executing large-scale infrastructure projects.

The Maharashtra-headquartered company majorly deals in the power transmission and distribution sector, water infrastructure, railway infrastructure, and solar energy infrastructure segment.

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