VIKRAM SOLAR LIMITED

19 Aug 2025 - 21 Aug 2025 Individual Category Main Board BSE NSE

Min Investment

₹14940

Price Band

₹315-₹332

Issue Size

650.7 lakhs
Equity Shares

Lot Size

45 (per lot)

IPO Dates
img

19 Aug 2025

Open Date

img

21 Aug 2025

Close Date

img

22 Aug 2025

Allotment Date

img

26 Aug 2025

Listing Date

Vikram Solar IPO open date is August 19, and the closing date is August 21, 2025. This new IPO is a book-built issue of 6.51 crore equity shares. This upcoming IPO is a combination of fresh issue and offer-for-sale.Vikram Solar IPO price band is Rs 315 to Rs 332 per share. As of 18 August 2025, Vikram Solar IPO GMP Live quotation is at Rs 68.  Live IPO Grey Market Premium details will be visible online.Vikram Solar IPO allotment status is available on August 22, 2025. The lot size is of 45 shares. The minimum investment for the retail investors for 1 lot is Rs 14,940. The registrar for Vikram Solar IPO is MUFG Intime India Pvt Ltd. The listing date is August 26, 2025.

Know Before Investing

Strengths icon

  • Robust R&D capabilities with stringent quality control systems.
  • Strong brand recognition supported by a loyal customer base.
  • Large solar PV manufacturing capacity of 3.50 GW.

Weaknesses icon

  • High reliance on sales from Vikram Solar US Inc. creates concentration risk.
  • Absence of long-term raw material supply contracts increases procurement risk.
  • EPC cost estimation inaccuracies affect financial stability and profitability.

About Vikram Solar Limited

Vikram Solar Limited was established in 2006, is a leading Indian solar energy solutions provider and module manufacturer. The company specialises in high-efficiency PV module production and offers EPC services for solar power projects. The company had a strong focus on innovation and sustainability. They operate a state-of-the-art manufacturing facility in West Bengal, producing both mono and polycrystalline solar modules. Vikram Solar Limited also provides operations and maintenance services, ensuring optimal performance of solar installations. The company serves clients globally, emphasising renewable energy adaptation and contributing to India’s renewable energy targets and global energy transition. 

Founded

2006

Managing Director

Gyanesh Chaudhary

Parent Organization

-

IPO Objectives

Vikram Solar IPO proposes to utilise the Net Proceeds from the Issue for partial funding of capital expenditure for the Phase-I Project, funding of capital expenditure for the Phase-II Project, and meeting general corporate purposes.

Company Promoters

Gyanesh Chaudhary

Gyanesh Chaudhary Family Trus

Vikram Capital Management Private Limited

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account