Marquee investors such as Nippon India, 360 One, Bank of India MF, ITI MF, SBI General Insurance, and Bengal Finance & Investments participated in the diversified anchor book.

Mumbai : The Wealth Company, Ashish Kacholia and Mukul Aggarwal-backed Vikran Engineering has garnered ₹231.60 crore from 14 Anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, August 26, 2025. The Company informed the bourses that it allocated 2,38,76,287 equity shares at ₹97 per share to anchor investors.

Diversified anchor book of Vikran Engineering Limited comprises 14 anchor investors including domestic mutual funds, insurance companies, global fund houses and domestic AIFs. Some of the marquee institutions that participated in the anchor round are Nippon India Equity Opportunities Fund, 360 One Equity Opportunity Fund, Bank of India Mutual Fund, ITI Mutual Fund, SBI General Insurance Company Limited and Bengal Finance & Investments Pvt Ltd. among others.

Out of the total allocation of 2,38,76,287 equity shares to the anchor investors, 87,63,228 equity shares were allocated to domestic mutual funds i.e. 36.70 % of the total Anchor Book Size.

This IPO marks a significant milestone for Vikran Engineering, which secured the backing of The Wealth Company (via India Inflection Opportunity Fund) and seasoned investor such as Ashish Kacholia and Mukul Aggarwal through a pre-IPO placement round. The IPO now represents the Company’s natural progression, broadening its shareholder base and reinforcing capital strength for the next stage of growth.

The offering comprises a fresh issue of ₹721 crore (7,43,29,896 shares) and an Offer-for-Sale of ₹51 crore (52,57,731 shares). Net proceeds from the issue will be directed primarily towards working capital and general corporate purposes, positioning the company for scalable expansion.

In a move further enhancing investor sentiment, Vikran Engineering also announced during its Annual General Meeting (AGM) held on 25th August 2025, that it has declared a dividend of 5% of profits to its equity shareholders, reflecting its commitment to shareholder value creation.

Pantomath Capital Advisors Private Limited and Systematix Corporate Services Limited are the book-running lead managers.