On the last day, the Vikram Solar IPO was subscribed 56.42 times overall, the retail quota 7.98 times, the QIB 145.10 times, and the NII quota 52.87 times, respectively.
Details About Vikram Solar IPO
Vikram Solar got approval from SEBI for an IPO of ₹2,079.37 crores. This IPO consists of a fresh issue of ₹1,500 crores and offer for sale up to 17,450,882 equity shares with a face value of ₹10 each. Moreover, the company has set up a price band between ₹315 to ₹332 per share.
In this IPO, a total of 45 shares were available in 1 lot sizes for the minimum Retail category, and for the maximum retail category, 585 shares in 13 lot sizes. While S-HNI (Min) total of 630 shares in 14-lot sizes. B-HNI Minimum 3015 shares in 67 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,940 and maximum investment of ₹1,94,220.
- Small HNI (S-HNI): Minimum investment of ₹2,09,160.
- B-HNI Minimum: Maximum investment of ₹10,00,980.
Subscription duration of the Vikram Solar IPO
The Vikram Solar IPO opening date was August 19, 2025, and the closing date was August 21, 2025.
The allotment of Vikram Solar was finalized on August 22, 2025, while the IPO listing is on August 26, 2025.
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, it has started manufacturing with a 12 MW capacity, and has now grown to 3.50 gigawatts (GW). This firm has a 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 its 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 revenue in 2024 is 25,109.90 Million.
Financial Background of Vikram Solar IPO
In 2025, the company earned ₹3,459.53 crores in revenue, which is higher than ₹2,523.96 crores in 2024. The profit also went up from ₹79.72 crores in 2024 to ₹139.83 crores in 2025.
