Vikram Solar Ltd
Price Range
₹315 - ₹332
-
Min. Quantity
45 Shares
Closes on
21 August 2025
-
Min. investment
₹14,940
Vikram Solar Ltd IPO Timeline
Vikram Solar Ltd. was originally incorporated as 'International Leather Clothiers Private Limited' at Kolkata, West Bengal on December 2, 2005. Further, Company name changed to International Clothiers Private Limited' dated May 10, 2006. The name further changed from International Clothiers Private Limited' to Vikram Solar Private Limited' pursuant to which a fresh Certificate of Incorporation was issued by RoC dated September 3, 2008. Subsequently, Company converted to Public Company and consequently, its name was changed to Vikram Solar Limited' and a fresh Certificate of Incorporation dated August 22, 2017 pursuant to conversion was issued by RoC.
| Event | Date |
|---|---|
| Vikram Solar Ltd IPO Opening Date | 19 August 2025 |
| Vikram Solar Ltd IPO Closing Date | 21 August 2025 |
| Basis of Allotment | 22 August 2025 |
| Initiation of Refunds | 25 August 2025 |
| Credit of Shares to Demat | 25 August 2025 |
| Vikram Solar Ltd IPO Listing Date | 26 August 2025 |
Vikram Solar Ltd IPO Details
| Vikram Solar Ltd IPO Date | 19 August 2025 to 21 August 2025 |
| Vikram Solar Ltd IPO Face Value | ₹10 per share |
| Vikram Solar Ltd IPO Price | ₹315 to ₹332 per share |
| Vikram Solar Ltd IPO Lot Size | 45 |
| Issue Size | Shares of ₹10 (aggregating up to ₹2,079.37 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹1500 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹579.37 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,26,67,954 of the Net Offer |
| Retail Shares Offered | Not less than 2,26,63,365 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 97,12,871 of the Net Offer |
| Company Promoters | Gyanesh Chaudhary, Gyanesh Chaudhary Family Trust, Vikram Capital Management Pvt |
Vikram Solar Ltd IPO Lot Size
The Vikram Solar Ltd IPO lot size is 45 shares. A retail-individual investor can apply for up to 13 lots (585 shares or ₹1,94,220).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 45 | ₹14,940 |
| Maximum | 13 | 585 | ₹1,94,220 |
- Strengths
- Risks
- Opportunities
- 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.
- Strong R&D focus with robust quality control systems.
- We have strong technical proficiency in the solar PV module manufacturing.
- Strong presence in domestic and international markets.
- We have a strong brand recognition and customer base due to good understanding of our customers and the high quality of our products.
- Robust financial performance with a strong order book, providing clear visibility on future growth.
- Led by promoters and an experienced management team with an excellent track record.
Company Financials
Vikram Solar Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 2,597.91 | 2,456.08 | 66.82 |
| 03-2023 | 2,445.54 | 2,026.62 | 12.70 |
| 03-2022 | 2,222.6 | 1,713.28 | -60.14 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Partial funding of capital expenditure for the Phase-I Project
- Funding of capital expenditure for the Phase-II Project
- General Corporate Purposes
Vikram Solar Ltd IPO Promoter Holding
| Pre Issue Share Holding | 5.15% |
| Post Issue Share Holding | 2.84% |
Vikram Solar Ltd IPO Subscription Status (Bidding Detail)
The Vikram Solar Ltd IPO is subscribed 54.6311 times on 21 August 2025 05:00:00 PM. The public issue subscribed 7.6521 times in the retail category, 142.7868 times in the QIB category, and 50.8996 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 142.7868 | 50.8996 | 7.6521 | 4.8419 | 54.6311 |
Vikram Solar Ltd IPO Prospectus
Vikram Solar Ltd IPO Listing Date
| BSE Script | 544488 |
| NSE Symbol | VIKRAMSOLR |
| Listing In | BSE, NSE |
| ISIN | INE078V01014 |
| IPO Price | ₹332 |
| Face Value | ₹10 |
Company Contact Information
Biowonder Unit #.1102 11th Flr789 Anandapur Main Roadd E K T,Kolkata-700107
Phone: 91-33-2442 7399/2442 7299
Email: secretarial@vikramsolar.com
Website: www.vikramsolar.com
Vikram Solar Ltd IPO Registrar
Vikram Solar Ltd IPO Lead Manager(s)
- JM Financial Ltd
- Nuvama Wealth Management Ltd
- UBS Securities India Pvt Ltd
- Equirus Capital Pvt Ltd
- Phillip Capital (India) Pvt Ltd
FAQ
What is the issue size of Vikram Solar Ltd IPO?
I have pre-applied for Vikram Solar Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.