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Vikram Solar Limited IPO

BBMainboardBSE, NSEListed
Listed at
338
+1.81%

Vikram Solar Limited IPO is a Mainboard book building IPO. Price band is ₹315 to ₹332 per share. Minimum investment is ₹14,940. Lot size is 45 shares. Open from 19 Aug 2025 to 21 Aug 2025. Allotment on 22 Aug 2025. Listing on 26 Aug 2025 at BSE, NSE. Managed by JM Financial Ltd.,Nuvama Wealth Management Ltd.,UBS Securities India Pvt.Ltd.,Equirus Capital Pvt.Ltd.,PhillipCapital India Pvt.Ltd.. Registrar: MUFG Intime India Private Limited (Link Intime). Key details for GMP, subscription, price, allotment, and listing in one place.

Official documents: RHP and DRHP.

Vikram Solar Limited IPO overview

Vikram Solar Limited IPO Key figures

Price band, lot, minimum application, and issue window at a glance.

Price band
₹315 to ₹332
Lot size
45 shares / lot
Min investment
₹14,940
Issue open – close
19 Aug 2025 → 21 Aug 2025

Vikram Solar Limited IPO important dates

Issue Opens
19 Aug 2025
Issue Closes
21 Aug 2025
Allotment
22 Aug 2025
Listing
26 Aug 2025

Vikram Solar Limited IPO lot size

CategoryLotsSharesAmount
Retail (Min)14514,940
Retail (Max)135851,94,220
S-HNI (Min)146302,09,160
S-HNI (UPI)331,4854,93,020
S-HNI (Max)662,9709,86,040
B-HNI (Min)673,01510,00,980

About Vikram Solar Limited IPO

From the company / RHP narrative.

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.

Objective of the issue

How the issuer plans to use IPO proceeds.

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

Funding of capital expenditure for the Phase-II Project

General Corporate Purposes
Vikram Solar Limited IPO FAQs
A quick overview of key terms, dates, and how to track this IPO.

Documents & links

Prospectus, draft filings, and company site open in a new tab.

Registrar

Details about the registrar of the issue.

Registrar Name
MUFG Intime India Private Limited (Link Intime)
Phone
2249186270
Address
Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai - 400083

Issue details

Key details about the issue, including the face value, lot size, and minimum investment.

Issue Type
BB
Face Value
10
Lead Managers
JM Financial Ltd.,Nuvama Wealth Management Ltd.,UBS Securities India Pvt.Ltd.,Equirus Capital Pvt.Ltd.,PhillipCapital India Pvt.Ltd.
Min Quantity
45
Company Promoters
Gyanesh Chaudhary,Gyanesh Chaudhary Family Trust,Vikram Capital Management Private Limited
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

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