VIKRAM SOLAR LIMITED
Price Band
₹ 315 - ₹ 332
Bid Lot
45 Shares
Price Band
₹ 315 - ₹ 332
Minimum Investment
₹ 14940.00
Bid Lot
45 Shares
Shares
62,330,400
-
Face Value - Rs. 10/- Per Share
- Lisitng at NSE BSE
-
484,792 Application Required in Retail for 1 Time.
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Registrar : Link Intime India Private Ltd
IPO Details
QIB
50%
(31,165,200 Shares)RS.1034.68 CR
HNI 1
5%
(3,116,520 Shares)RS.103.47 CR @ 4947 FORM 1X
HNI 2
10%
(6,233,040 Shares)RS.206.94 CR @ 9894 FORM 1X
Retail
35%
(21,815,640 Shares)RS.724.28 CR @ 484792 FORM 1X
Timeline
-
19
Aug-2025
Open Date
-
21
Aug-2025
Close Date
-
22
Aug-2025
Basis of Allotment Date
-
25
Aug-2025
Initiation of Refunds
-
25
Aug-2025
Credit of Shares to Demat A/C
-
26
Aug-2025
IPO Listing Date
Subscription as on 21-Aug-2025 16:49
Category
Book Size
Subscription
QIB
145.10x
12,466,080
(₹413.87 Cr.)
1,808,816,760
(₹60052.72 Cr.)
HNI (<10 LAKH)
39.44x
3,116,520
(₹103.47 Cr.)
122,907,465
(₹4080.53 Cr.)
HNI2 (>10 LAKH)
59.58x
6,233,040
(₹206.94 Cr.)
371,360,295
(₹12329.16 Cr.)
RETAIL
7.91x
21,815,640
(₹724.28 Cr.)
172,524,105
(₹5727.80 Cr.)
Total
56.74x
43,631,280
2,475,608,625
Category
Book Size
Subscription
QIB
145.10x
12,466,080
(₹413.87 Cr.)
1,808,816,760
(₹60052.72 Cr.)
HNI (<10 LAKH)
39.44x
3,116,520
(₹103.47 Cr.)
122,907,465
(₹4080.53 Cr.)
HNI2 (>10 LAKH)
59.58x
6,233,040
(₹206.94 Cr.)
371,360,295
(₹12329.16 Cr.)
RETAIL
7.91x
21,815,640
(₹724.28 Cr.)
172,524,105
(₹5727.80 Cr.)
Total
56.74x
43,631,280
2,475,608,625
*Excluding Anchor
Total No. of Application Approx : ~3294834 (6.80 Appwise)
HNI Cost
About Company
Incorporated in 2005, Vikram Solar Limited is a solar photo-voltaic (“ PV”) modules manufacturer.
Core Operations:
-
Solar Photovoltaic (PV) Module Manufacturing: Specializing in the production of high-efficiency solar PV modules, Vikram Solar caters to both domestic and international markets.
-
Engineering, Procurement, and Construction (EPC) Services: The company provides comprehensive EPC solutions for solar power projects, ensuring efficient project execution from design to commissioning.
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Operations and Maintenance (O&M): Vikram Solar offers O&M services to optimize the performance and longevity of solar power installations.
The company's solar energy products consists of the following high-efficiency solar PV modules: (i) p-type monocrystalline silicon based Passivated Emitter and Rear Contact (“PERC”) modules; (ii) n-type monocrystalline silicon based Tunnel Oxide Passivated Contact (“TOPCon”) modules; and (iii) n-type monocrystalline silicon based heterojunction technology (“HJT”) modules; all of these being either bifacial (glass-to-glass/ glass-to-transparent back sheet) or monofacial (glass-to-white/black back sheet) modules.
Manufacturing facilities located at:
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Falta SEZ, Kolkata, West Bengal and Oragadam, Chennai, Tamil Nadu.
The company have established a pan-India presence, serving 23 states and three union territories, through an extensive distributor network of 41 authorized distributors, 64 dealers and 67 system integrators.
The company's domestic customers include prominent government entities, such as National Thermal Power Corporation, Neyveli Lignite Corporation Limited and Gujarat Industries Power Company Limited, and large private independent power producers (“IPPs”), such as ACME Cleantech Solutions Pvt. Ltd.,
As of March 31, 2025, we have 1,612 employees and 974 contractual employees.
Strengths
Company Promoters
Company Financials
Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
Assets | 2,832.15 | 2,585.50 | 2,476.29 |
Total Income | 3,459.53 | 2,523.96 | 2,091.91 |
Profit After Tax | 139.83 | 79.72 | 14.49 |
EBITDA | 492.01 | 398.58 | 186.18 |
Net Worth | 0.86 | -0.10 | -0.08 |
Amount in ? Crore |
Objects of the Issue
S.No. | Objects of the Issue | Expected Amount (? in crores) |
---|---|---|
1 | Partial funding of capital expenditure for the Phase-I Project. | 769.73 |
2 | Funding of capital expenditure for the Phase-II Project | 595.21 |
3 | General Corporate Purposes |
How to Apply
Apply for IPO in few simple steps.
-
Step 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
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Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
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Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
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Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question