Vikram Solar IPO Date, Review, Price, Allotment Details
Aditya | March 5, 2025
Vikram Solar IPO is scheduled to open in 2025, with the closing date also set for 2025. The IPO follows the Book Built Issue format. The company aims to raise approximately ₹[.] crores through this IPO, comprising a fresh issue of ₹1,500 crores and an offer for sale of up to 17,450,882 equity shares, each with a face value of ₹10. The IPO price band is set between ₹[.] to ₹[.] per share. The allocation of shares is 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). Vikram Solar IPO is expected to be listed on both the BSE and NSE in 2025, with the allotment date set for 2025. The company reported revenue of ₹2,523.96 crores in 2024 compared to ₹2,091.91 crores in 2023. The profit stood at ₹79.72 crores in 2024 against ₹14.49 crores in 2023. Given the company's strong financial performance and future expansion plans, the IPO presents a promising long-term investment opportunity.
Vikram Solar IPO Details
Field
Value
est listing
00 (0%)
gain percentage
N/A
gmp
--
ipo size
₹ Cr
ipo title
Vikram Solar IPO
price
--
status
Upcoming
subscription
N/A
Vikram Solar IPO Dates
Field
Value
boa dt
2025
close
2025
listing
2025
lot
TBA
open
2025
Vikram Solar IPO Financial Report
The company has demonstrated consistent financial growth over the years. It reported revenue of ₹2,523.96 crores in 2024 against ₹2,091.91 crores in 2023. The profit after tax increased to ₹79.72 crores in 2024 from ₹14.49 crores in 2023.
Financial Year
2024
2023
Revenue
₹2,523.96
₹2,091.91
Expense
₹2,405.04
₹2,073.04
Profit After Tax
₹79.72
₹14.49
Total Assets
₹2,585.50
₹2,476.29
About Vikram Solar IPO
Vikram Solar Limited, founded in 2009, is one of the leading manufacturers of solar panels in India. With a strong operational capacity, the company specializes in solar photovoltaic (PV) module production, contributing significantly to the country’s renewable energy sector. Starting with a manufacturing capacity of 12 MW in 2009, Vikram Solar has expanded to 3.50 GW. The company integrates various solar products, including panels, inverters, and cleaning systems, ensuring quality performance and testing for innovative solutions. The company has ambitious expansion plans, aiming to scale its production capacity to 10.50 GW by FY26 and 15.50 GW by FY27. It is also investing in a 3 GW solar cell manufacturing facility in Tamil Nadu. In 2024, the company reported a revenue of ₹25,109.90 million, reinforcing its position in the industry.
Biowonder, Unit No. 1102, 11th Floor, 789, Anandapur Main Road
Eastern Metropolitan Bypass, E.K.T, Kolkata -700107, West Bengal, India
Phone: +91 33 2442 7399 / +91 33 2442 7299
Email: secretarial@vikramsolar.com
Website: www.vikramsolar.com
Vikram Solar IPO FAQs
What is Vikram Solar IPO?
Vikram Solar IPO is a Mainboard IPO aiming to raise ₹[.] crores, with shares priced between ₹[.] to ₹[.] per share. The IPO will be listed on BSE and NSE.
When will Vikram Solar IPO open for subscription?
The IPO is expected to open in 2025 and close in 2025 for QIB, NII, and retail investors.
What is Vikram Solar IPO Investors Portion?
The investor allocation is 50% for QIB, 15% for NII, and 35% for retail investors.
How to Apply for Vikram Solar IPO?
Investors can apply online via ASBA through their bank accounts or UPI via stockbrokers. Offline applications are also available.
What is Vikram Solar IPO Issue Size?
The total issue size of Vikram Solar IPO is ₹[.] crores.
What is Vikram Solar IPO Price Band?
The IPO price band is set between ₹[.] to ₹[.].
What is Vikram Solar IPO Lot Size?
The minimum bid size is [.] shares, amounting to ₹[.].
What is the Vikram Solar IPO Allotment Date?
The allotment date is expected to be in 2025.
What is the Vikram Solar IPO Listing Date?
The IPO is anticipated to list on BSE and NSE in 2025.
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