Vikran Engineering Limited, an EPC contractor across power T&D, water infra and railway electrification, is coming to the market with a ₹772 crore IPO (Fresh: ₹721 cr; OFS: ₹51 cr) at ₹92–97 per share, opening August 26, 2025. Growth, order-book visibility and improving leverage are clear positives; tender dependence, working-capital intensity and execution risks temper … Continue reading Vikran Engineering IPO Analysis: Should You Apply or Avoid?