Mumbai, Aug. 26 -- The initial public offer of Vikran Engineering received bids for 13,97,19,696 shares as against 5,87,39,128 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (26 August 2025). The issue was subscribed 2.38 times.

The issue opened for bidding on 26 August 2025 and it will close on 29 August 2025. The price band of the IPO is fixed between Rs 92 and 97 per share. An investor can bid for a minimum of 148 equity shares and in multiples thereof.

The IPO comprises both fresh issue and offer for sale. Fresh issue comprises issue of equity shares aggregating up to Rs 721 crore and offer for sale up to Rs 51 crore by Rakesh Ashok Markhedkar, one of the promoters of the company.

Of the net proceeds from...