Vikram Solar Limited IPO
MainboardOffer Date: Aug 19, 2025 - Aug 21, 2025
₹ NaN /N/A Shares
19 Aug, 2025
Open Date21 Aug, 2025
Close Date22 Aug, 2025
Allotment Date26 Aug, 2025
Listing DateIssue Price
₹N/A per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Private Limited (Link Intime)Market Lot
N/A Shares (₹N/A/-)Lead Manager
Jm Financial LimitedNuvama Wealth Management Limited
Ubs Securities India Private Limited
Equirus Capital Private Limited
PhillipCapital India Private Limited
Issue Size
₹2000 Crores ApproxRetail Portion
35%Subscription
N/A timesIPO Docs
DRHPVikram Solar IPO Details
The IPO of Vikram Solar is priced at ₹N/A per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Aug 19, 2025 and ends on Aug 21, 2025. The allotment for Vikram Solar IPO will be finalized on Aug 22, 2025. Vikram Solar IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 26, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Private Limited (Link Intime) is the registrar of the issue.
The book-running lead manager for the IPO is/are Jm Financial Limited , Nuvama Wealth Management Limited , Ubs Securities India Private Limited , Equirus Capital Private Limited , PhillipCapital India Private Limited .
The Vikram Solar IPO sets its price band at N/A for each share. A single application for Vikram Solar Limited IPO must contain at least N/A shares.
Vikram Solar Valuations
EPS Pre IPO
₹/-EPS Post IPO
₹/-P/E Pre IPO
P/E Post IPO
ROE
%ROCE
%Debt/Equity
RoNW
%PAT Margin
Price to Book Value
Vikram Solar Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 2,585.5 | N/A | N/A |
| Revenue | 2,523.96 | N/A | N/A |
| Profit After Tax | 79.72 | N/A | N/A |
| Net Worth | -0.1 | N/A | N/A |
| Reserves & Surplus | 445.42 | N/A | N/A |
| Total Borrowing | 0.1 | N/A | N/A |
About The Company
Founded in 2005, Vikram Solar Limited is a manufacturer of solar photo-voltaic (PV) modules.
Key Activities:
Solar Photovoltaic (PV) Module Manufacturing: With expertise in manufacturing high-efficiency solar PV modules, Vikram Solar serves the domestic and export markets.
Engineering, Procurement, and Construction (EPC) Services: Vikram Solar offers end-to-end EPC services for solar power projects, delivering effective project execution from conception to commissioning.
Operations and Maintenance (O&M): Vikram Solar provides O&M services to enhance the performance and lifespan of solar power installations.
The products of the company in solar energy include the following high-efficiency solar PV modules: (i) p-type monocrystalline silicon based Passivated Emitter and Rear Contact (PERC) modules; (ii) n-type monocrystalline silicon based Tunnel Oxide Passivated Contact (TOPCon) modules; and (iii) n-type monocrystalline silicon based heterojunction technology (HJT) modules; all of these either bifacial (glass-to-glass/ glass-to-transparent back sheet) or monofacial (glass-to-white/black back sheet) modules.
Production facilities at:
Falta SEZ, Kolkata, West Bengal and Oragadam, Chennai, Tamil Nadu.
The company have established a pan-India footprint, covering 23 states and three union territories, through an extensive distributor network of 41 authorized distributors, 64 dealers and 67 system integrators.The company's domestic clients comprise major government organizations, including National Thermal Power Corporation, Neyveli Lignite Corporation Limited and Gujarat Industries Power Company Limited, and major private independent power producers (IPPs), including ACME Cleantech Solutions Pvt. Ltd.
As of March 31, 2024, we have 1,513 regular employees and 728 contractual employees.
Vikram Solar - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
Vikram Solar IPO - Issue Objectives
- Partial funding of capital expenditure for the Phase-I Project.
- Funding of capital expenditure for the Phase-II Project
- General Corporate Purposes
Other Details
Vikram Solar
Biowonder, Unit No. 1102, 11th Floor, 789, Anandapur Main Road, Eastern Metropolitan Bypass, E.K.T,, Kolkata, West Bengal, 700107MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: vikramsolar.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Vikram Solar IPO - FAQs
Ans. Vikram Solar Limited IPO is a Mainboard IPO. The issue is priced at ₹N/A per equity share. The minimum order quantity is N/A Shares. The IPO opens on Aug 19, 2025, and closes on Aug 21, 2025. MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Vikram Solar Limited IPO opens on Aug 19, 2025 and closes on Aug 21, 2025.
Ans. The size of Vikram Solar Limited IPO is ₹2000 Crores Approx.
Ans. The IPO price band is set between ₹N/A per equity share.
Ans. To apply for Vikram Solar Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Vikram Solar Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Vikram Solar Limited IPO is Aug 22, 2025.
Ans. The Vikram Solar Limited IPO will be listed on Aug 26, 2025.
Ans. Follow the steps to check the allotment status for Vikram Solar Limited IPO here.
