Vikram Solar IPO

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Vikram Solar IPO Details

  • Bidding Date

    19-Aug-2025 to
    21-Aug-2025

  • Issue Size

    ₹2079.37 Cr

  • Price Band

    ₹315 to ₹332

  • Allotment date

    22-Aug-2025

  • Listing date

    26-Aug-2025

  • Lot size

    45

  • No. of shares

    6,26,31,605

  • Fresh issue/OFS

    ₹1500 Cr/₹579.37 Cr

About Vikram Solar Company

Vikram Solar Limited, established over 17 years ago, is one of India’s largest solar photovoltaic (PV) module manufacturers, with an operational capacity of 4.50 GW as of March 31, 2025. The company specializes in producing high-efficiency PV modules, serving both domestic and international markets from its strategically located facilities in West Bengal and Tamil Nadu. Over the years, it has expanded from a 12 MW capacity in 2009 to its current scale, with plans to reach 20.50 GW by Fiscal 2027. Vikram Solar is also diversifying into solar cell manufacturing and battery energy storage systems, aiming to strengthen its leadership in clean energy solutions.

Read our in-depth analysis of the Vikram Solar Ltd IPO Here indepth analysis about ipo

Subscription Status

  • Category

    Status

  • QIBs

    142.8x

  • NIIs

    50.9x

  • Retail

    7.6x

  • Others

    4.8x

  • Total

    54.6x

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FAQs for Vikram Solar IPO.

The issue size of Vikram Solar is ₹2,079.37 Cr.

Vikram Solar falls into Energy Equipment & Services industry.

The Vikram Solar IPO will be listed on both NSE and BSE.

The open and close dates for the Vikram Solar are 19-Aug-2025 & 21-Aug-2025.

The price band for the Vikram Solar ipo is ₹315 to ₹332

The listing date of Vikram Solar IPO is 26-Aug-2025.

The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.

Vikram Solar total subscription ratio is 54.6X.

Key financial of the Vikram Solar are:


Vikram Solar FY-25 FY-24 FY-23
Revenue (₹ Cr) 3423.45 2510.99 2073.23
EBIT (₹ Cr) 336.01 260.57 122.24
Proft after Tax (₹ Cr) 139.83 79.72 14.49
Debt (₹ Cr) 230.67 808.33 737.79
Net Worth (₹ Cr) 1241.99 445.42 365.2
RoE (%) 11.26 17.9 3.97