Vikran Engineering, an EPC company, is set to launch an IPO. The goal is to raise ₹721 crore through fresh equity. Part of the IPO includes an offer for sale. Post-IPO, promoter stake will decrease. The company’s financials reveal high client concentration. Receivable days are also relatively high. Investors are advised to await post-listing financial clarity.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets