Mumbai, Sept. 1 -- The initial public offer of Vikran Engineering received bids for 1,38,59,17,880 shares as against 5,87,39,128 shares on offer. The issue was subscribed 23.59 times.

The Non-Institutional Investors (NIIs) category was subscribed 58.58 times. The Qualified Institutional Buyers (QIBs) category was subscribed 19.45 times. The Retail Individual Investors (RIIs) category was subscribed 10.97 times.

The issue opened for bidding on 26 August 2025 and it closed on 29 August 2025. The price band of the IPO was fixed between Rs 92 and 97 per share.

The IPO comprised both a fresh issue and an offer for sale. The fresh issue comprised an issue of equity shares aggregating up to Rs 721 crore and an offer for sale of up to Rs 51 cr...