Description
Vikran Engineering Limited finalizes allocation of 2,38,76,287 equity shares to anchor investors at ₹97 per share.
Summary
Vikran Engineering Limited has completed the anchor investor allocation for its public issue, allocating 2,38,76,287 equity shares at ₹97 per share (including ₹96 share premium) to various institutional investors. The allocation was finalized by the IPO Committee on August 25, 2025, raising ₹231.6 crores from anchor investors.
Key Points
- Total anchor allocation: 2,38,76,287 equity shares at ₹97 per share
- Face value: ₹1 per equity share with ₹96 share premium
- Total amount raised: ₹231,59,99,839
- Domestic mutual fund allocation: 87,63,228 shares (36.70% of anchor portion)
- Book Running Lead Managers: Pantomath Capital Advisors Private Limited and Systematix Corporate Services Limited
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Company required to inform stock exchanges about anchor investor allocation
- Stock exchanges to make the information public on their websites
- Disclosure of scheme-wise mutual fund allocation details
Important Dates
- IPO Committee meeting and allocation finalization: August 25, 2025
- Circular date: August 25, 2025
Impact Assessment
The anchor investor allocation indicates strong institutional interest in Vikran Engineering Limited’s IPO. With 36.70% allocation to domestic mutual funds and participation from major institutional investors like Bank of India Mutual Fund, ITI Mutual Fund, and SBI General Insurance, the allocation suggests positive market sentiment. The pricing at ₹97 per share will serve as a reference point for retail and institutional portions of the public issue.
Impact Justification
IPO anchor allocation provides market insight and price discovery for upcoming public offering