The initial public offerings (IPO) of Vikran Engineering Ltd., which opened for subscription on August 26 and was fully booked on its opening day, will conclude its subscription period today, August 29.The mainboard issue was subscribed 5.24 times on Thursday, as per the NSE data. The mainboard issue received bids for 30,76,74,240 shares against 5,87,39,128 shares on offer.Here’s a look at the latest grey market premium (GMP), Day 3 subscription status and other key details of Vikran Engineering IPO.Vikran Engineering IPO GMP Live; Day 3 Subscription StatusThe latest GMP for Vikran Engineering IPO stood at Rs 4 as of 3:00 p.m. on August 29. Based on the upper end of the price band of Rs 97, the stock is projected to be listed at Rs 101 apiece. This translates into an expected listing gain of about 4.12% per share.The IPO of Vikran Engineering was subscribed 23.39 times as of 4:03 p.m. on Friday.Qualified Institutional Buyers(QIBs): 19.45 timesNon-Institutional Investors: 58.45 timesRetail Individual Investors(RIIs): 10.62 times IPO Details:Issue Type: Book-built issueIssue Size: Rs 772 crore.Offer Details: Fresh issue of 7.43 crore shares, aggregating to Rs 721 crore, and an offer-for-sale (OFS) of 53 lakh shares, amounting to Rs 51 crore.Price Band: Rs 92 and Rs 97 per share.Lot Size: 148 shares, requiring a minimum investment of Rs 14,356 for retail investors.Vikran Engineering IPO Allotment And Listing DateThe share allotment status for Vikran Engineering IPO will be finalised on Monday, September 1.Shares of Vikran Engineering Ltd. will be listed on the BSE and NSE on Wednesday, September 3.About Vikran EngineeringMumbai-based Vikran Engineering provides end-to-end services from conceptualisation, design, supply, installation, testing, and commissioning on a turnkey basis. It has presence across multiple sectors, including power, water, and railway infrastructure. Notable clients include NTPC Ltd., Power Grid Corp., and Eastern Central Railway.Note: GMP does not represent official data and is based on speculation. GMP Data as per InvestorGain.Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.. Read more on IPOs by NDTV Profit.