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Ashish Kachoia-backed Vikran Engineering IPO gets healthy subscription. Check allotment date, status and GMP

Economic Times

Economic Times · 26d ago

Ashish Kachoia-backed Vikran Engineering IPO gets healthy subscription. Check allotment date, status and GMP

Vikran Engineering's IPO, backed by investors like Ashish Kacholia, received strong interest, being subscribed 24.87 times. The IPO, with a Rs 772-crore valuation, saw high demand from non-institutional investors and qualified institutional buyers. The company, which operates in core infrastructure sectors, reported a 17% revenue rise in FY25. Shares have a grey market premium of around 7%. The stock will list on BSE and NSE on September 3, with allotment details accessible online.

Related News

Vikran Engineering IPO: GMP suggests Kacholia, Agarwal’s pick could throw a listing surprise

Economic Times

Economic Times · 23d ago

Vikran Engineering IPO: GMP suggests Kacholia, Agarwal’s pick could throw a listing surprise

Vikran Engineering's IPO completed with robust demand, raising Rs 772 crore and priced at Rs 97 per share. Despite the high subscription, the grey market premium suggests only a modest 4% listing gain. The company, with a focus on EPC projects in power transmission and railway electrification, is backed by prominent investors like Ashish Kacholia. Concerns remain about working capital and a past regulatory ban. Successful execution of its order book will be crucial post-listing.

India Inflection Opportunity Fund and Ashish Kacholia invest $10 Million in VIKRAN Engineering and Exim

OutlookIndia

OutlookIndia · 1y ago

India Inflection Opportunity Fund and Ashish Kacholia invest $10 Million in VIKRAN Engineering and Exim

VIKRAN Engineering and Exim Private Limited, an EPC company in Mumbai, has concluded a Pre-IPO placement round with investments totaling Rs 81.5 crores. India Inflection Opportunity Fund and investor Ashish Kacholia collectively acquired an 11% stake in the company. The company, led by Rakesh Markhedkar, has a strong presence in the infrastructure sector and aims to deliver projects ahead of schedule. With this investment, VIKRAN aims to leverage growth opportunities and build a prosperous future.

TechD Cybersecurity IPO allotment to be finalised today: How to check status, GMP and listing outlook

Economic Times

Economic Times · 7d ago

TechD Cybersecurity IPO allotment to be finalised today: How to check status, GMP and listing outlook

TechD Cybersecurity's IPO saw overwhelming interest, with a 718 times oversubscription, partly fueled by investor Vijay Kedia's backing. The high demand has led to a grey market premium of 101%. Investors can check their allotment on Purva Sharegistry's official website or NSE's IPO allotment page. TechD, providing cybersecurity solutions, plans to use the proceeds for resources, a new operations center, and corporate purposes. The stock is set to list on NSE SME on September 22.

Classic Electrodes IPO allotment to be finalised today; GMP at 20%

Economic Times

Economic Times · 28d ago

Classic Electrodes IPO allotment to be finalised today; GMP at 20%

The IPO of Classic Electrodes, valued at Rs 41.5 crore, is nearing its allotment phase, with investors checking their status soon. The company's strong financials include Rs 187.9 crore in revenue and Rs 9.57 crore profit after tax as of February 2025, with a return on equity of 24.66%. The IPO saw high demand, being subscribed nearly 180 times, with the retail portion at 158.44 times. The grey market premium suggests a positive stock debut.

9 IPOs Opening This Week: GMP Ranges from 0% to 107%

StartupTalky

StartupTalky · 17d ago

9 IPOs Opening This Week: GMP Ranges from 0% to 107%

Nine IPOs are launching this week, engaging the primary markets with a range of sectors from engineering to retail. Key offerings include Airfloa Rail Technology, Shringar House of Mangalsutra, Dev Accelerator, and Urban Company. Prices range significantly, with some IPOs like Airfloa and Karbonsteel Engineering requiring substantial retail investments. Dates for subscription periods, finalization of allocations, and proposed listing dates are provided for each IPO, highlighting a vibrant period for investors.

Monarch Surveyors IPO subscribed 24.40 times; Check GMP, price band and other details

Economic Times

Economic Times · 2m ago

Monarch Surveyors IPO subscribed 24.40 times; Check GMP, price band and other details

Monarch Surveyors and Engineering Consultants' IPO, valued at Rs 94 crore, has been highly successful, with a subscription rate of 24.40 times due to significant interest from retail investors. Set between Rs 237 and Rs 250 per share, the IPO enjoys a Grey Market Premium of 68%, suggesting potential listing gains. Funds raised aim to enhance operations, including machinery acquisition and working capital, boosting Monarch’s growth in civil engineering consultancy.

Indiqube Spaces IPO to be finalised Monday. Here's how to check status

Economic Times

Economic Times · 2m ago

Indiqube Spaces IPO to be finalised Monday. Here's how to check status

Indiqube Spaces' IPO allotment has been finalized, with investors able to check their status on the registrar's website, MUFG Intime India Pvt Ltd. The IPO, totaling Rs 700 crore, was widely subscribed 13 times, led by Qualified Institutional Buyers at 15.12 times. Retail and Non-Institutional Investors also showed strong interest. Shares will be credited on July 29, and Indiqube will list on BSE and NSE on July 30. The company manages 115 centers across 15 cities.

Globe Civil Projects IPO subscribed over 11 times on Day 2 so far; Check GMP and other details

Economic Times

Economic Times · 3m ago

Globe Civil Projects IPO subscribed over 11 times on Day 2 so far; Check GMP and other details

The IPO of Globe Civil Projects, a New Delhi-based engineering and construction company, saw high demand, with 11.08 times subscription by day two. Non-institutional investors led with 13.95 times subscription. The company plans to use the proceeds for working capital, equipment purchase, and general corporate purposes. Priced between Rs 67 to Rs 71 per share, the IPO's shares were trading at a Rs 12 premium in the grey market, indicating a potential 17% gain.

Decoding Zepto's Unicorn round, valuation and shareholding

Entrackr

Entrackr · 1y ago

Decoding Zepto's Unicorn round, valuation and shareholding

Zepto, an Indian quick commerce platform, achieved unicorn status after raising $200 million in a Series E round led by StepStone. The company allotted 6,52,948 Series E preference shares at an issue price of $297.6 per share to raise $194.2 million. StepStone made the largest investment of $76 million, with Nexus Venture and Goodwater Infinity contributing $50 million and $25 million, respectively. Existing investors Glade Brook and Lachy Groom added $21 million and $20 million to the round. Zepto is valued at $1.32 billion post-allotment and has raised over $560 million in funding to date.

Android could soon get iOS-like battery health indicator.

Livemint

Livemint · 1y ago

Android could soon get iOS-like battery health indicator.

Android may soon introduce an iOS-style battery health indicator, similar to the one available on iPhones. Currently, Android users have to rely on third-party apps or special commands to check battery health. Google's Pixel release is expected to include a battery information page, but it currently only displays manufacturing date and cycle count. However, future updates may bring a Battery Health page with statistics on battery capacity and tips to prevent degradation. Android may also track battery status and serial numbers to detect battery replacements.

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