Vikram Solar IPO Listing at 1.38% Premium at ₹338 Per Share
Posted by : sachet | Tue Aug 26 2025
Vikram Solar IPO listing: The Vikram Solar IPO was subscribed 56.42 times till its closing. In this subscription, 145.10 times were received by the qualified institutional buyers (QIBs) and 52.87 times by non-institutional investors (NIIs). The retail quota of the issue was subscribed to 34.83%. Before delving deeper into the topic, go through the details of the Vikram Solar IPO.
Vikram Solar IPO Listing
On the NSE (National Stock Exchange) platforms, shares are listed at ₹338, reflecting a premium of 1.81% against the issue price of 338 per share. On the other hand, BSE shares were listed at ₹340, reflecting a premium of 2.41% against the issue price of ₹332 per share.
Vikram Solar IPO Details
Vikram Solar IPO is open for bidding from 19th August 2025 to 21st August 2025. It is a bookbuilding IPO of ₹2,079.37 crore shares, comprising a fresh issue of ₹1,500 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 Vikram Solar IPO date is fixed between 19th August 2025 and 21st August 2025. The face value of Vikram Solar IPO shares stands at ₹10 per share, and the IPO price band is set between ₹315 and ₹332 per share.
| 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 |
About Vikram Solar Limited
Vikram Solar Limited started its operations in 2005 and has a headquarters in Kolkata, India. It is an Indian leading global energy solutions company, with over 15 years of expertise in the industry. The company is recognised all over the world, serving 23 states and three union territories through its strong distribution network of 41 authorised distributors,64 dealers, and 67 system integrators. Vikram Solar Limited has created a unique position in the market as a trusted leader in the Indian renewable energy transition. The company has operational excellence by setting up manufacturing units in West Bengal and Tamil Nadu. Vikram Solar Limited has raised funds through its IPO proceeds for business expansion, to meet corporate needs, and to repay debt.
Vikram Solar Limited Financials
The company’s financial analysis is essential before applying for the Vikram Solar IPO. Look at the table to learn about Vikram Solar Limited’s financials.
| Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 2,832.15 | 2,585.50 | 2,476.29 |
| Revenue | 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 | -0.80 |
| Reserve and surplus | 932.60 | 192.16 | 113.07 |
| Total Borrowing | 0.00 | 0.10 | 0.09 |
Explanation
Vikram Solar Limited’s revenue increased by 37% from ₹2,523.96 crores in March 2024 to ₹3,459.53 crores in March 2025. Moreover, the company’s PAT increased by 75% from ₹79.72 crores to ₹139.83 crores.
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