Vikram Solar IPO Details
| IPO Issue Open Date: | 2025 |
| IPO Issue Close Date: | 2025 |
| IPO Issue Price Band: | ₹[.] to ₹[.] Per Share |
| Face Value: | ₹[.] Per Equity Share |
| IPO Issue Size: | ₹[.] Crores | shares |
| Fresh Issue: | ₹1,500 Crores | shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Vikram Solar IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Vikram Solar IPO Dates Timeline
| Issue Open Date: | 2025 |
| Issue Close Date: | 2025 |
| Basis of Allotment Date: | 2025 |
| Refunds Initiation: | 2025 |
| Shares Credit in Demat: | 2025 |
| IPO Listing Date Detail: | 2025 |
Vikram Solar IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and [] shares = ₹[] |
| Retail (Max) | 13 lots and [] shares = ₹[] |
| HNI (Min) | 14 lots and [] shares = ₹[] |
| B-HNI Minimum | 68 lots and [] shares = ₹[] |
Vikram Solar IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹- | ₹- | ₹- | ₹- |
About Vikram Solar
Vikram Solar Limited was established in 2009 and started to make solar panels. Moreover, this firm has substantial operational capacity, producing solar photovoltaic (PV) modules that support the country’s shift toward renewable energy. It started manufacturing 12 MW capacity in 2009, and now it’s grown to 3.50 Gigawatts. This firm has main focus on joining various types and sizes of solar products like solar panels, inverters, and cleaning systems. This allows the company to evaluate the performance of their new solar panels and assess the quality of other equipment, like inverters and robotic cleaners. Nowadays, it has mainly focused on a production capacity of 10.50 GW by FY26 and 15.50 GW by FY27, for more market demand.
Vikram Solar IPO Strengths
To Be Updated Soon
Objects of the IPO Issue
- Funding of capital expenditure through investment in our wholly owned Subsidiary, VSL Green Power
Private Limited, for expanding the manufacturing capacity of the solar module manufacturing facility set
up under the Phase-I Project from 3,000 MW to 6,000 MW at the Project Site (“Phase-II Project”); and - General corporate purposes
Vikram Solar Company Financial Report
The company reported revenue of ₹2,523.96 crores in 2024 against ₹2,091.91 crores in 2023. The company reported a profit of ₹79.72 crores in 2024 against a loss of ₹14.49 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,743.05 | ₹1,822.49 | ₹62.94 | ₹2,237.23 |
| 2023 | ₹2,091.91 | ₹2,073.04 | ₹14.49 | ₹2,476.29 |
| 2024 | ₹2,523.96 | ₹2,405.04 | ₹79.72 | ₹2,585.50 |
Vikram Solar IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 19.67% |
| ROCE: | 20.76% |
| EBITDA Margin: | 15.87% |
| PAT Margin: | 3.17% |
| Debt to equity ratio: | 1.81 |
| Earning Per Share (EPS): | ₹3.08 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 17.90% |
| Net Asset Value (NAV): | ₹17.21 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Premier Energies Limited | 6.93 | 191.48 | 35.06% | 15.63 | 3,171.31 Cr. |
| Websol Energy System Limited | 29.99 | NA | 112.29 | 26.70 | 26.81 Cr. |
Vikram Solar IPO Registrar
Link Intime India Private Limited
Phone: +91 22 4918 6200
Email: vikramsolar.ipo@linkintime.co.in
Website: https://www.linkintime.co.in/Initial_Offer/public-issues.html
Vikram Solar IPO Lead Manager
- JM Financial Limited
- Nuvama Wealth Management Limited
- UBS Securities India Private Limited
- Equirus Capital Private Limited
- PhillipCapital (India) Private Limited
Vikram Solar IPO allotment status check on Link Intime website. Click on Link Intime India Private Limited to get allotment status.
Promoters of Vikram Solar
- Gyanesh Chaudhary
- Gyanesh Chaudhary Family Trust
- Vikram Capital Management Private Limited.
Company Address
Vikram Solar Limited
Biowonder, Unit No. 1102,
11th Floor, 789, Anandapur Main Road,
Eastern Metropolitan Bypass, E.K.T,
Kolkata -700107, West Bengal,
India
Phone: +91 33 2442 7399/ +91 33 2442 7299
Email: secretarial@vikramsolar.com
Website: www.vikramsolar.com