Vikram Solar IPO GMP: Day 3 IPO Live Updates
Posted by : sachet | Thu Aug 21 2025
The Vikram Solar IPO GMP is ₹42 as of 21st August 2025. It is a bookbuilding IPO of ₹2,079.37 crores. This is an entirely fresh issue of 4.52 crore shares and an offer for sale of 1.75 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 26th August 2025. The face value of Vikram Solar shares stands at ₹10 per share, and the IPO price band is set at ₹315 to ₹322 per share. Retail investors can bid for a minimum of 1 lot of 45 shares worth ₹14,940.
Vikram Solar IPO GMP Grey Market Premium
As of 21st August 2025, Vikram Solar IPO GMP stands at ₹48 per share. Thus, the estimated listing price would be ₹380. This indicates that the estimated listing gain in this IPO could be 14.46%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for the Vikram Solar IPO GMP updates.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 21-08-2025 | ₹332.00 | ₹42.00 | ₹374.00 | 12.65% |
| 20-08-2025 | ₹332.00 | ₹42.00 | ₹374.00 | 12.65% |
| 19-08-2025 | ₹332.00 | ₹48.00 | ₹380.00 | 14.46% |
| 18-08-2025 | ₹332.00 | ₹54.00 | ₹386.00 | 16.27% |
| 17-08-2025 | ₹332.00 | ₹68.00 | ₹400.00 | 20.48% |
| 16-08-2025 | ₹332.00 | ₹63.50 | ₹395.50 | 19.13% |
| 15-08-2025 | ₹332.00 | ₹60.00 | ₹392.00 | 18.07% |
| 14-08-2025 | ₹332.00 | ₹57.00 | ₹389.00 | 17.77% |
| 13-08-2025 | ₹332.00 | ₹68.00 | ₹400.00 | 20.48% |
Vikram Solar IPO Details
| IPO Open Date | 19th August 2025 |
| IPO Close Date | 21st August 2025 |
| IPO Allotment Date | 22nd August 2025 |
| Refund Initiation | 25th August 2025 |
| Issue Size | 6,26,31,604 shares(aggregating up to ₹2,079.37 Cr) |
| Fresh Issue | 4,51,80,722 shares(aggregating up to ₹1,500.00 Cr) |
| Offer for sale | 1,74,50,882 shares of ₹10(aggregating up to ₹579.37 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 45 Shares |
| Issue Price Band | ₹315 to ₹332 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & NSE |
| Listing Date | 26th August 2025 |
Explanation
Vikram Solar IPO: Vikram Solar Limited has declared an issue price band of ₹315 to ₹332 per share. With this IPO, the company allows retail investors to bid for at least one lot of 45 shares worth ₹14,940. The face value of Vikram Solar Limited shares is ₹10 per share. The shares of Vikram Solar Limited will be listed on BSE and NSE on its tentative listing day, 26th August 2025. Scroll down to check GMP updates and Vikram Solar IPO reviews.
Objectives of the Vikram Solar IPO
The primary aim of the Vikram Solar IPO is to raise ₹2,079.37 crores. On the other hand, Vikram Solar has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Vikram Solar IPO.
- Partial funding of capital expenditure for the phase 1 project.
- To fund capital expenditure for the phase II project.
- To meet general corporate requirements.
Vikram Solar IPO Registrar
MUFG Intime India Private Limited is the registrar of the Vikram Solar IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Vikram Solar allotment and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.
Vikram Solar IPO Review
The Vikram Solar IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Vikram Solar Limited’s revenue decreased by 17% from ₹736.17 crores in March 2024 to ₹610.45 crores in March 2025. Moreover, the company’s PAT dropped by 13% from ₹124.51 crores to ₹141.24 crores. Investors can analyse other relevant factors and make a decision accordingly.
Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. However, we’re waiting for further ratings to have a better idea and will keep posting them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Vikram Solar IPO or not.
Vikram Solar Limited Technicals
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 75.16 |
| EPS (Earnings Per Share) | 4.42 |
| RoNW | 11.26% |
| ROCE | 24.29% |
| ROE | 16.57% |
| EBITDA Margin | 14.37% |
| Price to Book Value | 8.46 |
| Market Capitalisation | ₹12009.01 Cr |
The PE ratio of Vikram Solar Limited shares is 75.16, and its Earnings Per Share (EPS) stands at ₹4.42. Thus, the Vikram Solar IPO can potentially deliver gains on its tentative listing date, 26th August 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Vikram Solar Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Vikram Solar IPO Peer Comparison
| Company Name | EPS | P/E | RoNW | Face value | Revenue |
| Vikaram Solar Limited | 4.61 | 75.16 | 11.26 | ₹10 | 79.72 |
| Waaree Energies Limited | 68.24 | 45.79 | 20.09 | ₹10 | 11,633 |
| Premier Energies Limited | 21.35 | 47.01 | 33.21 | ₹1 | 3,171 |
| Websol Energy System Limited | 36.66 | 40.04 | 55.65 | ₹10 | 26.81 |
Also Read : Connplex Cinemas IPO Allotment Status Check Online: GMP, Subscription, Price, and More
FAQs on Vikram Solar IPO
What is the Vikram Solar IPO GMP?
Ans. Currently, on 21st August 2025, the Vikram Solar IPO GMP (Grey Market Premium) stands at ₹42. This indicates that the estimated listing price could be ₹374 per share.
What is the issue price of the Vikram Solar IPO?
Ans. The Vikram Solar IPO price band has been set between ₹315 and ₹332 per share. Retail investors can apply for a minimum of 1 lot consisting of 45 shares worth ₹14,940. Moreover, HNIs are required to bid for a minimum of 14 lots (630 shares) worth ₹2,09,160
Who is the registrar of the Vikram Solar IPO?
Ans. MUFG Intime India Private Limited is the registrar of the Vikram Solar IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Vikram Solar allotment and refund, you can contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Vikram Solar IPO, download the Vikram Solar IPO RHP and Vikram Solar IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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