Vikran Engineering IPO Marathi News: Infrastructure EPC Company Vikram Engineering will launch his first IPO on August 7. The company is planning to raise a total of Rs 5 crore through this public issue. The issue will be closed on August 29. The company has fixed the price of Rs.

About IPO

The IPO has a new issue of Rs 5 crore and an offer of Rs 2 crore for the cell (OFS), which will be brought by the company’s promoter. The company says that the funds raised from new issues will be used to meet the needs of the playable capital, while the remaining amount will be spent for general corporate purposes.

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Vikran Engineering Business Model

Vikran Engineering in Mumbai is one of the fastest growing engineering, shopping and construction companies in India. This company provides end-to-end services, including concepts, designs, supply, installation, testing and commissioning. The company provides this service turning project basis.

As of June 3, the company has completed 3 projects in 5 states, whose total contract value is Rs. Apart from this, the company is currently working on 3 projects in 4 states, whose total value is Rs 5 crore. Of these, the company’s order book is Rs 2 crore.

Financial condition

The company’s performance in this financial year has been good. The company’s income from the functioning of the company has increased by 8.5 per cent to Rs 90 crore, while in this financial year it was Rs 5 crore. At the same time, the company’s net profit increased by 5 percent to Rs 5 crore, which was Rs 2 crore last year.

The movement began in the gray market

As soon as the price belt was announced, this IPO began to stir the Gray Market. According to market sources, Vikran Engineering IPO GMP is Rs 5 in the unlisted market, which is 5.5 percent higher than the cap price.

Manager and registrar

Pantomath Capital Advisors and Systematics Corporate Services are a book-raising lead manager, while Bigshare services are the issue of issue.

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