Vikran Engineering IPO

Vikran Engineering IPO
Vikran Engineering Limited, incorporated in 2008, is a prominent Engineering, Procurement, and Construction (EPC) company specializing in large-scale infrastructure projects. The company's expertise spans key sectors, including Power Transmission & Distribution (up to 400 kV substations), Water Infrastructure (underground distribution systems and networks), Railway Infrastructure, and Solar Energy (EPC projects). As of August 31, 2024, the company had completed 44 projects and had 34 ongoing projects across 17 states, with a robust order book of ₹19,557.00 million. It primarily serves government and public sector clients like NTPC and Power Grid Corporation. With a pan-India presence and 195 sites and store locations, Vikran Engineering offers tailored EPC solutions to meet diverse client needs.
Investment Timeline
🤖 Smart Analysis
*AI score is algorithmic and for educational purposes only.
🎯 Application Strategy
Action: ⚠️ NEUTRAL - Mixed signals, proceed with caution
Lots: Single lot only for diversification
⏳ Timing Advice
⏰ Apply by DAY 2 NOON - High demand, good allotment still possible
Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding working capital requirements of the Company.
- General corporate purposes.
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