Vikram Solar Limited

Vikram Solar Limited IPO

BSE, NSEClosed
Aug 19, 2025Open Date
Aug 21, 2025Close Date
TBAAllotment Date
Aug 26, 2025Listing Date

Subscription Details

View Subscription Details
QIB142.79x
Retail7.64x
NIIs (Non-Institutional Investors)Main Category
50.90x

NII Sub-Categories

bHNI (> ₹10L)

Bids above ₹10L

57.35x

sHNI (< ₹10L)

Bids ₹2L to ₹10L

37.99x

Overall Subscription

Total Bids Received

54.62x

Updated: 10 Jul, 06:09 pm

Vikram Solar Limited IPO Issue Details

Issue Price₹315-332 Per Equity Share
Face Value₹10 Per Equity Share
Fresh Share4,51,80,722 shares(aggregating up to ₹1500 crore)
Listing AtBSE, NSE
Listing DateAug 26, 2025
RegistrarMUFG Intime India Private Limited (Link Intime)

Market Lot Details

CategoryLotsSharesAmount
sHNI (Min)14630₹2,09,160
sHNI (Max)662,970₹9,86,040
bHNI (Min)673,015₹10,00,980

Reservation Details

CategoryShares Offered%
NII93,49,56014.93%
QIB1,24,66,08019.9%
Anchor1,86,99,12029.86%

Company Information

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...

Valuations

EPS (Pre-IPO)

4.42

EPS (Post-IPO)

3.87

P/E (Pre-IPO)

75.16

P/E (Post-IPO)

85.88

RoNW

11.26%

PAT Margin

4.08%

P/B Value

8.46

Financial Information (₹ in Crores)

MetricFY 25FY 24FY 23
Total Assets2832.152585.52476.29
Total Revenue3459.532523.962091.91
Profit After Tax139.8379.7214.49
Net Worth1241.99445.42365.2

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Partial funding of capital expenditure for the Phase-I Project.
  2. 2Funding of capital expenditure for the Phase-II Project
  3. 3General Corporate Purposes

Vikram Solar Limited – Promoter(s)

Gyanesh Chaudhary
Gyanesh Chaudhary Family Trust
Vikram Capital Management Private Limited

Contact Details

Corporate Office

Biowonder, Unit No. 1102, 11th Floor, 789, Anandapur Main Road, Eastern Metropolitan Bypass, E.K.T,, Kolkata, West Bengal, 700107

+91 33 2442 7399

secretarial@vikramsolar.com

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Registrar Contact

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

vikramsolar.ipo@linkintime.co.in

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Vikram Solar Limited IPO Documents

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