Vikram Solar IPO Date, Review, Price, Allotment Details

Vikram Solar IPO Details

Vikram Solar IPO Market Lot

The Vikram Solar IPO minimum market lot is 45 shares with ₹14,940 application amount. The retail investors can apply up-to 13 lots with 585 shares of ₹1,94,220 amount.

Vikram Solar IPO Dates

The Vikram Solar IPO date is August 19 and the close date is August 21. The Vikram Solar IPO allotment will be finalized on August 22 and the IPO listing on August 26.

Promoters of Vikram Solar IPO

The promoters of the company are Gyanesh Chaudhary, Gyanesh Chaudhary Family Trust And Vikram Capital Management Private Limited.

About Vikram Solar IPO

Vikram Solar Limited founded in 2009 is known as one of the top makers of solar panels. It has a large operational capacity, producing solar photovoltaic (PV) modules that support the country’s shift toward renewable energy. Further, since its establishment in 2009, has started manufacturing with a 12 MW capacity, and has now grown to 3.50 gigawatts (GW). This firm has main focus on joining various types and sizes of solar products like solar panels, inverters, and cleaning systems.

Moreover, this helps the company test the performance of their new solar panels and check the quality of other equipment, such as inverters and robotic cleaners. Its revenue for 2024 is 25,109.90 Million. In order to expand market demand it has mainly focused on a production capacity of 10.50 GW by FY26 and 15.50 GW by FY27, including building a 3 GW solar cell manufacturing plant in Tamil Nadu. It has also a revenue of 2024 is 25,109.90 Million.

Vikram Solar IPO Company Financial Report

The company reported revenue of ₹3,459.53 crores in 2025 against ₹2,523.96 crore in 2024. The company reported profit of ₹139.83 crores in 2025 against Profit of ₹79.72 crores in 2024.

Amount ₹ in Crores

Vikram Solar IPO Valuation – FY2025

Check Vikram Solar IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• Partial funding of capital expenditure through investment in our wholly owned Subsidiary, VSL Green Power Private Limited, for setting up of an integrated 3,000 MW solar cell and 3,000 MW solar module manufacturing facility at plot no. A-5, A-6, A-7 & A-10, SIPCOT Industrial Complex, Gangaikondan, District Tirunelveli 627 352, Tamil Nadu (“Project Site”) (“Phase-I Project”);
• 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 IPO Review

• IPO Watch – May Apply
• Canara Bank –
• DRChoksey FinServ –
• Emkay Global –
• Hem Securities –
• IDBI Capital –
• Marwadi Shares –
• Nirmal Bang –
• SBICAP Securities –
• Sharekhan –
• SMC Global –
• Sushil Finance –
• Swastika Investmart –
• Ventura Securities –
• Geojit –
• Reliance Securities –
• Capital Market –
• BP Wealth –
• ICICIdirect –
• Choice Broking –

Vikram Solar IPO Registrar

MUFG Intime India Private Limited
Phone: +91 22 4918 6200
E-mail: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

IPO Lead Managers aka Merchant Bankers

• JM Financial Limited
• Nuvama Wealth Management Limited
• UBS Securities India Private Limited
• Equirus Capital Private Limited
• PhillipCapital (India) 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: [email protected]
Website: www.vikramsolar.com

Vikram Solar IPO FAQs