Description

Vikran Engineering Limited has allocated 2,38,76,287 equity shares to anchor investors at ₹97 per share, with 36.70% going to domestic mutual funds.

Summary

Vikran Engineering Limited has completed the allocation of anchor investor portion for its public issue. The company allocated 2,38,76,287 equity shares of face value ₹1 each to anchor investors at ₹97 per share (including share premium of ₹96), raising ₹231.6 crores from this portion.

Key Points

  • Total anchor allocation: 2,38,76,287 equity shares at ₹97 per share
  • Total amount raised from anchor investors: ₹231.6 crores
  • Domestic mutual funds received 87,63,228 shares (36.70% of anchor portion)
  • Book Running Lead Managers: Pantomath Capital Advisors Private Limited and Systematix Corporate Services Limited
  • Allocation finalized by IPO Committee on August 25, 2025

Major Anchor Investors

  • Bank of India Mutual Fund: 23,86,500 shares (10.0% of anchor portion)
  • Nippon India Equity Opportunities AIF - Scheme 8: 20,61,936 shares (8.6%)
  • LC Pharos Multi Strategy Fund: 20,61,936 shares (8.6%)
  • Negen Undiscovered Value Fund: 20,61,936 shares (8.6%)
  • Various ITI Mutual Fund schemes: 30,92,904 shares combined
  • Societe Generale - ODI: 27,42,440 shares (11.5%)

Mutual Fund Participation

  • Total domestic mutual fund allocation: 87,63,228 shares (36.70%)
  • Major participating mutual funds include Bank of India, ITI, Samco, and Taurus fund families
  • Demonstrates strong institutional interest in the IPO

Important Details

  • Company name: Vikran Engineering Limited (formerly Vikran Engineering & Exim Private Limited)
  • Face value: ₹1 per equity share
  • Issue price: ₹97 per share
  • Share premium: ₹96 per share
  • Company Secretary: Kajal Rakholiya (Membership No. A45271)

Impact Assessment

The successful anchor allocation with significant mutual fund participation indicates strong institutional confidence in Vikran Engineering Limited. The 36.70% allocation to domestic mutual funds suggests good domestic institutional appetite for the company’s shares, which may positively influence the public portion of the IPO.

Impact Justification

IPO anchor allocation is significant for market participants but routine process