VIKRAN Engineering and Exim Private Limited, an engineering, procurement, and construction (EPC) company based in Mumbai, concluded Pre-IPO placement round with investments totaling Rs 81.5 crores. 
India Inflection Opportunity Fund contributed Rs 45 crores, while Ashish Kacholia, a noted investor, and others invested Rs 36.5 crores, collectively acquiring an approximate 11 per cent stake in the company.
New Delhi 29th January, 2024: Thane, Maharashtra based, VIKRAN Engineering & Exim Private Limited (“VIKRAN”/ “the Company”) confirmed the closure of the Pre-IPO placement round. India Inflection Opportunity Fund invested INR 45 crores. Also, avid value investor, Ashish Kacholia and a few others invested INR 36.5 crores in the Company. The investors together picked up approx. 11% stake in the Company. Pantomath Capital Advisors Private Limited acted as the sole investment banker and financial advisor for the transaction
VIKRAN is a fast growing EPC Company in value added projects of Power Sector (transmission lines and sub-stations), Electrification & Composite Projects, Water Infrastructure (Water Transportation and Distribution) and Railway Infrastructure.
Over the years, VIKRAN has successfully expanded its business and diversified its operations. The Company has a presence in 22 States across India, including Uttar Pradesh, Andhra Pradesh, and Madhya Pradesh, among other states.
VIKRAN Engineering & Exim Private Limited, an engineering, procurement, and construction (EPC) company, has secured $10 million in a pre-IPO placement round from India Inflection Opportunity Fund, Ashish Kacholia, and other investors. While Inflection Opportunity Fund contributed Rs 45 crore in the round, Kacholia and others invested Rs 36.5 crore. Collectively, they acquired approximately 11% stake in the company. Pantomath Capital Advisors Private Limited served as the exclusive investment banker and financial advisor for this transaction. “With unparalleled execution capabilities backed by a professional team, a clear vision, and a strong promoter pedigree, we are quite excited about the potential for growth in VIKRAN. Further, we believe that the EPC industry will be critical for India’s ambitious plan of becoming the third largest economy with a GDP of approximately $8 trillion,” said Madhu Lunawat, CIO of India Inflection Opportunity Fund.