Vikran Engineering Ltd, a Mumbai-based Engineering, Procurement & Construction (EPC) firm, has filed its draft red herring prospectus (DRHP) with SEBI for an upcoming IPO. The company focuses on power, water, and railway infrastructure projects, offering turnkey services from design to commissioning. With an asset-light model, Vikran Engineering serves major clients like NTPC Ltd and Power Grid Corporation of India. In FY24, the company’s revenue grew by 49.56% to ₹791.43 crore, and profit after tax surged 74.67% to ₹74.83 crore. Its order book rose to ₹2114.80 crore, reflecting significant growth in operations.