Vikran Engineering Secures Massive ₹231.60 Crore from Anchor Investors Ahead of Tuesday’s IPO Launch

Vikran Engineering just pulled off a power move—locking down ₹231.60 crore from anchor investors before its IPO even hits the market.

Big Money Backing

That kind of pre-IPO confidence doesn’t come cheap. Anchor investors aren’t exactly known for throwing cash at unproven ventures—so somebody’s betting big on Vikran’s story.

Tuesday’s the Day

The IPO opens Tuesday, and all eyes are on whether retail investors jump in with the same enthusiasm. Pre-IPO hype meets public market reality—it’s where dreams and downturns collide.

Because nothing says 'trust us' like institutional money right before the public gets a turn—classic finance theatre.

Working capital

The proceeds from the fresh issue to the extent of ₹541 crore for funding working capital requirements of the company; and general corporate purposes.

This IPO marks a significant milestone for Vikran Engineering, which secured the backing of The Wealth Company (via India Inflection Opportunity Fund) and seasoned investor such as Ashish Kacholia and Mukul Aggarwal through a pre-IPO placement round.

Vikran Engineering has a diversified project portfolio, with majority revenue from energy and water infrastructure verticals. It provides end-to-end services from conceptualisation, design, supply, installation, testing and commissioning on a turnkey basis and has presence across multiple sectors including power, water and railway infrastructure.

Pantomath Capital Advisors Private Ltd and Systematix Corporate Services Ltd are the book-running lead managers.

The offer is being made through the book-building process, wherein not more than 50 per cent of the net offer will be available for allocation on a proportionate basis to qualified institutional buyers (QIBs), up to 15 per cent for non-institutional bidders, and up to 35 per cent for retail investors.

Published on August 25, 2025