vikram solar limited

vikram solar limited

VIKRAMSOLR • ISIN: INE078V01014

BSE, NSE

Listing Price: ₹338

+1.81% Gain
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.


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:



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.

Investment Objective

Partial funding of capital expenditure for the Phase-I Project.

Funding of capital expenditure for the Phase-II Project

General Corporate Purposes

₹315 to ₹332

Price Band

14.9K

Min Investment

45 shares

Lot Size

85.88x

P/E Ratio

Important Dates

Issue Opens

19 Aug 2025

Issue Closes

21 Aug 2025

Allotment

22 Aug 2025

Listing

26 Aug 2025

Subscription Status
QII

Qualified Institutional Investors

77.14x

961,602,480 / 12,466,080 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

37.75x

235,286,325 / 6,233,040 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

22.74x

70,859,565 / 3,116,520 shares

Retail

Retail Individual Investors

4.07x

88,831,080 / 21,815,640 shares

Employee

Employee

2.15x

647,595 / 301,205 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹10
Lead Managers
JM Financial Ltd.
Nuvama Wealth Management Ltd.
UBS Securities India Pvt.Ltd.
+2 more
Min Quantity45
Max Quantity1,506
Company Promoters
Gyanesh Chaudhary
Gyanesh Chaudhary Family Trust
Vikram Capital Management Private Limited
Website

http://www.vikramsolar.com/

Email

secretarial@vikramsolar.com

Phone+91 33 2442 7399
Address

Vikram Solar Ltd.
Biowonder, Unit No. 1102, 11th Floor,
789, Anandapur Main Road, Eastern Metropolitan
Bypass, E.K.T,
Kolkata, West Bengal, 700107