Vikran Engineering’s IPO is 5.62x subscribed overall by day 3, led by strong retail and NII demand.
Grey market indicates a ₹12 premium, hinting at around 12% listing pop.
The momentum reflects investor appetite for growth-oriented mid-caps despite macro stress.
Leaning into speculative interest may offer short-term trade gains.
Analysts caution that secondary market performance may hinge on sec
tor cyclicality.
The listing dynamic shows IPO enthusiasm persists amid broader caution.
Market watchers will track fundamentals post-listing to assess follow-through.
The IPO may serve as a sentiment barometer for primary market interest.
Timely entries could see gains if booking maintains momentum.
It reinforces that IPOs remain an emotional play even in stressed environments.