New Delhi, Aug. 28 -- The initial public offering (IPO) of Vikran Engineering opened for subscription on August 26 and close on August 29. The mainboard IPO was subscribed over 2.38 times so far on the first day of bidding.

Vikran Engineering is regarded as one of India's fastest-growing Engineering, Procurement & Construction (EPC) companies, offering end-to-end solutions encompassing conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis.

Vikran Engineering IPO subscription status was 2.38 times on day 1. The retail portion was subscribed 2.32 times, and NII portion has been booked 5.15 times, Qualified Institutional Buyers (QIBs) portion received 41% bids.

The company has received bids for 13,...