Vikram Solar
26 Aug '25MAINBOARD
Min. Investment
₹14,175
Issue size
₹2079.37 Cr
GMP
Locked
Overall subscription: 42.44x
Expert verdict
IPO dates
19 Aug
Opening
21 Aug
Closing
22 Aug
Allotment
26 Aug
Listing
*Refunds will be initiated on 25 Aug '25
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,940 |
| HNI (Min) | 14 | 630 | ₹2,09,160 |
Subscription (as on 25 November 2025, 06:30 PM)
Overall42.44x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2005|MD: Mr Gyanesh Chaudhary
- Vikram Solar is a solar photovoltaic (PV) module manufacturer with over 17 years of experience in the industry. As of the date of this RHP, the company had an installed manufacturing capacity of 4.50 gigawatts (GW), with plans to expand this to up to 20.50 GW by 2027. It produces high-efficiency PV modules, including passivated emitter and rear contact (PERC), tunnel oxide passivated contact (TOPCon), and heterojunction technology (HJT) modules, available in both monofacial and bifacial designs.
- Vikram Solar also provides engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services for solar projects, though its primary focus is on module production.
- The company operates manufacturing facilities in the Falta special economic zone (SEZ), Kolkata, and Oragadam, Chennai.
Issue Details & Objective
Lot size
45 Shares
Price band
₹315 to 332
Face value
₹10 per share
Financials
Download DRHP (IPO Doc)FAQs
Should I apply for the Vikram Solar IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Vikram Solar IPO?
The issue size of Vikram Solar IPO is ₹2079.37 Cr
What are the open and close dates for Vikram Solar IPO?
The Vikram Solar IPO will be open for applications from 19 Aug '25 to 21 Aug '25
What is the lot size and minimum order quantity of Vikram Solar IPO?
The lot size of Vikram Solar IPO is 45 Shares and its minimum investment amount is ₹14,175.
What is the GMP value of Vikram Solar IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Vikram Solar IPO is 14.16
