{"id":13232,"date":"2025-08-13T18:46:05","date_gmt":"2025-08-13T13:16:05","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=13232"},"modified":"2025-11-10T12:39:43","modified_gmt":"2025-11-10T07:09:43","slug":"vikram-solar-ipo-opens-key-details-investors-need-to-know","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/vikram-solar-ipo-opens-key-details-investors-need-to-know\/","title":{"rendered":"Vikram Solar Ltd. IPO Opens: Key Details Investors Shouldn’t Miss"},"content":{"rendered":"

[vc_section el_id=”blog-inner-layout”][vc_row overlay_dotted=””][vc_column el_class=”blog_primary”][vc_row_inner][vc_column_inner][vc_column_text css=””]The renewable energy sector in India is witnessing an unprecedented growth trajectory, with solar energy at the forefront. As the country pushes towards its ambitious clean energy targets, companies in this space are poised for significant expansion. One such company, Vikram Solar Ltd., is set to launch its Initial Public Offering (IPO) on August 19, 2025, to capitalize on this growth.<\/span><\/p>\n

This article provides a comprehensive overview of the <\/span>Vikram Solar IPO<\/b><\/a>, including its business model, financial performance, and a look at the competitive landscape to help you make an informed investment decision.<\/span><\/p>\n

<\/span>About Vikram Solar Ltd.<\/b><\/span><\/h2>\n

Founded in 2005, Vikram Solar is one of India’s largest solar photovoltaic (PV) module manufacturers, with a significant global presence. The company operates across the entire solar value chain, offering manufacturing, engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) of solar power plants. As of March 31, 2025, Vikram Solar has an operational manufacturing capacity of 4.50 GW for solar PV modules. With a strong focus on research and development (R&D) and high-efficiency modules, the company has an extensive client base that includes government entities like NTPC and NLC India, as well as private independent power producers (IPPs).<\/span><\/p>\n

<\/span>Vikram Solar Ltd. IPO Details<\/b><\/span><\/h2>\n

The Vikram Solar IPO is a book-built issue of \u20b92,079.37 crore. The offering consists of a fresh issue of shares aggregating up to \u20b91,500 crore and an Offer for Sale (OFS) of 1,74,50,882 equity shares by its promoters.\u00a0<\/span><\/p>\n

<\/span>Key IPO Details<\/b><\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n
Event<\/b><\/td>\nDate<\/b><\/td>\n<\/tr>\n
IPO Open Date<\/b><\/td>\nTue, Aug 19, 2025<\/span><\/td>\n<\/tr>\n
IPO Close Date<\/b><\/td>\nThu, Aug 21, 2025<\/span><\/td>\n<\/tr>\n
Tentative Allotment<\/b><\/td>\nFri, Aug 22, 2025<\/span><\/td>\n<\/tr>\n
Initiation of Refunds<\/b><\/td>\nMon, Aug 25, 2025<\/span><\/td>\n<\/tr>\n
Credit of Shares to Demat<\/b><\/td>\nMon, Aug 25, 2025<\/span><\/td>\n<\/tr>\n
Tentative Listing Date<\/b><\/td>\nTue, Aug 26, 2025<\/span><\/td>\n<\/tr>\n
Cut-off time for UPI mandate confirmation<\/b><\/td>\n5 PM on August 21, 2025<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Important IPO Timeline<\/b><\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Event<\/b><\/td>\nDetails<\/b><\/td>\n<\/tr>\n
IPO Date<\/b><\/td>\nAugust 19, 2025 to August 21, 2025<\/span><\/td>\n<\/tr>\n
Listing Date<\/b><\/td>\n–<\/span><\/td>\n<\/tr>\n
Face Value<\/b><\/td>\n\u20b910 per share<\/span><\/td>\n<\/tr>\n
Issue Price Band<\/b><\/td>\n\u20b9315 to \u20b9332 per share<\/span><\/td>\n<\/tr>\n
Lot Size<\/b><\/td>\n45 Shares<\/span><\/td>\n<\/tr>\n
Sale Type<\/b><\/td>\nFresh Capital-cum-Offer for Sale<\/span><\/td>\n<\/tr>\n
Total Issue Size<\/b><\/td>\n6,26,31,604 shares (aggregating up to \u20b92,079.37 Cr)<\/span><\/td>\n<\/tr>\n
Fresh Issue<\/b><\/td>\n4,51,80,722 shares (aggregating up to \u20b91,500.00 Cr)<\/span><\/td>\n<\/tr>\n
Offer for Sale<\/b><\/td>\n1,74,50,882 shares of \u20b910 (aggregating up to \u20b9579.37 Cr)<\/span><\/td>\n<\/tr>\n
Issue Type<\/b><\/td>\nBookbuilding IPO<\/span><\/td>\n<\/tr>\n
Listing At<\/b><\/td>\nBSE, NSE<\/span><\/td>\n<\/tr>\n
Share Holding Pre Issue<\/b><\/td>\n31,65,36,309 shares<\/span><\/td>\n<\/tr>\n
Share Holding Post Issue<\/b><\/td>\n36,17,17,031 shares<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Lot Size of Vikram Solar Ltd.\u00a0<\/b><\/span><\/h2>\n\n\n\n\n\n\n\n\n
Application<\/b><\/td>\nLots<\/b><\/td>\nShares<\/b><\/td>\nAmount<\/b><\/td>\n<\/tr>\n
Retail (Min)<\/b><\/td>\n1.00<\/span><\/td>\n45<\/span><\/td>\n\u20b914,940<\/span><\/td>\n<\/tr>\n
Retail (Max)<\/b><\/td>\n13.00<\/span><\/td>\n585<\/span><\/td>\n\u20b91,94,220<\/span><\/td>\n<\/tr>\n
S-HNI (Min)<\/b><\/td>\n14<\/span><\/td>\n630<\/span><\/td>\n\u20b92,09,160<\/span><\/td>\n<\/tr>\n
S-HNI (Max)<\/b><\/td>\n66<\/span><\/td>\n2,970<\/span><\/td>\n\u20b99,86,040<\/span><\/td>\n<\/tr>\n
B-HNI (Min)<\/b><\/td>\n67<\/span><\/td>\n3,015<\/span><\/td>\n\u20b910,00,980<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Company Financial Snapshot<\/b><\/span><\/h2>\n

Vikram Solar has demonstrated robust financial growth, particularly in recent years. Its revenue and profitability have shown a strong upward trend, driven by increasing demand for solar solutions.<\/span><\/p>\n\n\n\n\n\n\n\n\n\n
Period Ended<\/b><\/td>\n31 Mar 2025<\/b><\/td>\n31 Mar 2024<\/b><\/td>\n31 Mar 2023<\/b><\/td>\n<\/tr>\n
Assets (\u20b9 Crore)<\/b><\/td>\n2,832.15<\/span><\/td>\n2,586<\/span><\/td>\n2,476.29<\/span><\/td>\n<\/tr>\n
Total Income (\u20b9 Crore)<\/b><\/td>\n3,459.53<\/span><\/td>\n2,524<\/span><\/td>\n2,091.91<\/span><\/td>\n<\/tr>\n
Profit After Tax (\u20b9 Crore)<\/b><\/td>\n139.83<\/span><\/td>\n79.72<\/span><\/td>\n14.49<\/span><\/td>\n<\/tr>\n
EBITDA (\u20b9 Crore)<\/b><\/td>\n492.01<\/span><\/td>\n398.58<\/span><\/td>\n186.18<\/span><\/td>\n<\/tr>\n
Net Worth (\u20b9 Crore)<\/b><\/td>\n0.86<\/span><\/td>\n-0.1<\/span><\/td>\n-0.08<\/span><\/td>\n<\/tr>\n
Reserves and Surplus (\u20b9 Crore)<\/b><\/td>\n932.6<\/span><\/td>\n192.16<\/span><\/td>\n113.07<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Key Performance Indicators (as of Mar 31, 2025)<\/b><\/span><\/h3>\n