loader
Vikram Solar Limited IPO
Issue Size (Net)
up to Rs.2079.37 Cr
Price Band
Rs.315 to Rs.332 per share
Issue Opens
August 19, 2025
Issue Closes
August 21, 2025

Company Highlights

1. Company Information

Incorporation dated December 2, 2005 we are one of India’s largest solar photo-voltaic (“PV”) modules manufacturers. The first Indian company to be featured in the Kiwa Photo-Voltaic Evolution Labs (“PVEL”) report in 2017 in relation to the results of our modules’ reliability testing and being a ‘Top Performer”for seven consecutive times in PVEL’s Reliability Scorecard since 2019. Engineering, Procurement, and Construction (EPC) Services: The company provides comprehensive EPC solutions for solar power projects, ensuring efficient project execution from design to commissioning. build a strong reputation for our solar PV modules. Our portfolio of solar energy products consists of 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 (“N-Type”) modules. (iii) n-type monocrystalline silicon based heterojunction technology (“HJT”) modules. our manufacturing facilities in Oragadam, Tamil Nadu and in Falta, West Bengal

2. Competitive Strength

1) We are one of the largest Indian solar PV module manufacturers with 4.50 GW operational capacity and actual production of 1,286.10 MW as on March 31, 2025.
2) Strong R&D focus with robust quality control systems.
3) We have strong technical proficiency in the solar PV module manufacturing.
4) Strong presence in domestic and international markets.
5) We have a strong brand recognition and customer base due to good understanding of our customers and the high quality of our products.
6) Robust financial performance with a strong order book, providing clear visibility on future growth.

3. Vikram Solar IPO Registrar
MUFG Intime India Pvt.Ltd.

Phone:+91-22-4918 6270
Email:  vikramsolar.ipo@linkintime.co.in
Website: vikramsolar.ipo@linkintime.co.in

Vikram Solar Limited Financial Information (Restated Consolidated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
EBITDA
Net Worth
Reserves and Surplus
31-Mar-25
2,832.15
3,459.53
139.83
492.01
0.86
932.6
31-Mar-24
2,585.50
2,523.96
79.72
398.58
-0.1
192.16
31-Mar-23
2,476.29
2,091.91
14.49
186.18
-0.08
113.07
Amount in Rs. Crore

Vikram Solar IPO Details

Issue Opening Date August 19, 2025 
Issue Closing Date August 21, 2025
Face Value Rs.10 per share
Price Rs.315 to Rs.332 per share
Lot Size 45 Shares
Sale Type Fresh Capital-cum-Offer for Sale
Total Issue Size 6,26,31,604 shares (aggregating up to Rs.2,079.37 Cr)
Fresh Issue 4,51,80,722 shares (aggregating up to Rs.1,500.00 Cr)
Offer for Sale 1,74,50,882 shares of Rs.10 (aggregating up to Rs.579.37 Cr)
Issue Type Bookbuilding IPO
Listing At BSE, NSE

Vikram Solar IPO Timeline (Tentative Schedule)

Event Tentative Date
Opening Date Tue, Aug 19, 2025
Closing Date Thu, Aug 21, 2025
Tentative Allotment Fri, Aug 22, 2025
Initiation of Refunds Mon, Aug 25, 2025
Credit of Shares to Demat Mon, Aug 25, 2025
Listing Date Tue, Aug 26, 2025
Cut-off time for UPI mandate confirmation 5 PM on August 21, 2025

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
Follow Us

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508


* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.


© 2022 RR Investors Capital Services Pvt. Ltd | All Rights Reserved.