New Delhi, Aug. 26 -- Vikran Engineering IPO in focus: The initial public offering (IPO) of Vikran Engineering received a healthy response on its first day of bidding, August 26, with investors placing bids for 13.98 crore shares against the total offer of 5.57 crore shares, resulting in an overall subscription of 2.51 times by the end of Day 1, according to exchange data.

Non-institutional buyers showed strong interest, with their portion subscribed 5.43 times, while the retail investors' portion was booked 2.44 times. The QIB (Qualified Institutional Buyers) portion was subscribed just 0.43 times.

The company aims to raise Rs.772 crore from the issue, with the price band fixed at Rs.92-97 per share. The issue comprises a fresh issue o...