Vikram Solar IPO subscribed over 4.73x on Day 2

Vikram Solar IPO subscription started on Tuesday, August 19, and will close on August 21, 2025, as per the schedule. The price band is set at ₹315 to ₹332 per share with a face value of ₹10 each. 

Vikram Solar IPO Subscription Status

Vikram Solar subscribed over 4.73x on its second day till 5.00 PM on 20 August 2025. 

• Vikram Solar IPO subscription QIB investors’ portion is 0.12 times, while NII subscribed 13.51 times, and RII investors subscribed 3.62 times. 
• The company has received bids for 20,75,87,205 shares against 4,39,32,485 shares on offer on the second day of subscription. 
• Vikram Solar IPO subscribed over 4.73x on its day 2. 
• Vikram Solar IPO subscribed over 1.57x on its day 1. 

About Vikram Solar Company 

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 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. 

Vikram Solar Financial Report 

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

Vikram Solar IPO GMP: 

Vikram Solar IPO GMP was ₹50 on Wednesday, 20 August 2025. That indicates the IPO is trading at ₹382 with a ₹50 premium in the grey market against the issue price of ₹332.