VIKRAMSOLR • ISIN: INE078V01014
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.
Partial funding of capital expenditure for the Phase-I Project.
Funding of capital expenditure for the Phase-II Project
General Corporate Purposes
Price Band
Min Investment
Lot Size
P/E Ratio
Issue Opens
19 Aug 2025
Issue Closes
21 Aug 2025
Allotment
22 Aug 2025
Listing
26 Aug 2025
Qualified Institutional Investors
961,602,480 / 12,466,080 shares
High Networth Individuals (Above ₹10 Lakhs)
235,286,325 / 6,233,040 shares
Non-Institutional Investors (Below ₹10 Lakhs)
70,859,565 / 3,116,520 shares
Retail Individual Investors
88,831,080 / 21,815,640 shares
Employee
647,595 / 301,205 shares
Issue Type | BB |
Face Value | ₹10 |
Lead Managers | JM Financial Ltd. Nuvama Wealth Management Ltd. UBS Securities India Pvt.Ltd. +2 more |
Min Quantity | 45 |
Max Quantity | 1,506 |
Company Promoters | Gyanesh Chaudhary Gyanesh Chaudhary Family Trust Vikram Capital Management Private Limited |
Website | |
Phone | +91 33 2442 7399 |
Address | Vikram Solar Ltd. |