Vikram Solar IPO: Investors’ Excitement Grows As Company Raises ₹621 Crore From Anchor Investors
A new news is coming for stock market lovers which is creating a strong wave in the solar energy sector. The buzz of Vikram Solar IPO has already spread among stock market investors. This IPO is not just a fund-raising event of a company, but an opportunity where people can become a part of India’s green energy future. For investors, this is special on both emotional and financial level, because the solar industry is becoming a game-changer in today’s time.
Vikram Solar IPO got response from Anchor Investors
Vikram Solar Ltd. on Monday. Vikram Solar IPO was launched in India on 15 November 2017. It raised ₹621 crore from anchor investors ahead of its IPO launch, which is a big signal of market confidence. The company allotted 1.87 crore shares at ₹332 per share, and major global and domestic investors actively participated in it.
The largest share in this allocation went to Goldman Sachs India Equity Portfolio and Prudential Hong Kong Asia Pacific Active Growth Equity Portfolio, both of which were given 8.06% allocation. Franklin India Small Cap Fund and Franklin India Opportunities Fund received 6.45% allocation, while UTI Value Fund secured 4.62% stake. This clearly shows that major financial institutions have strong confidence in Vikram Solar IPO.
Domestic Mutual Funds’ Trust on Vikram Solar IPO
According to the company’s exchange filing, 9 domestic mutual funds have invested in the anchor portion through their 22 schemes and collectively acquired 52.39% stake. This includes big names like Kotak Mahindra, Franklin India, Nippon Life India and UTI. This signals that India’s mutual funds also consider the solar power sector a promising and secure bet.
The lead managers of the issue include JM Financial Ltd., Nuvama Wealth Management Ltd., UBS Securities India Pvt., Equirus Capital Pvt. and PhillipCapital India Pvt. Their expertise and reputation will help in giving the IPO a smooth and impactful launch.
Price Band and IPO Structure
Vikram Solar IPO is going to open on Tuesday where the company is planning to raise ₹2,079 crore. This fundraising will be a mix of fresh issue and offer for sale. The price band of the IPO has been fixed at ₹315 to ₹332 per share and the minimum lot size has been kept at 45 shares.
The offer will remain open till Thursday and the IPO will be listed on both BSE and NSE. This is a golden opportunity for investors where they will be able to invest in a fast-growing renewable energy company.
Plan of Fund Utilization from Vikram Solar IPO
A large part of the amount raised from the IPO will be used in the expansion plans of the company. Around ₹770 crore will be given to VSL Green Power Pvt. (wholly owned subsidiary of the company) which will set up an integrated facility in Tamil Nadu with 3,000 MW solar cell and 3,000 MW solar module manufacturing capacity.
Apart from this, ₹595 crore will be invested in expanding the capacity to 6,000 MW. The remaining amount will be used for general corporate purposes. This clearly shows that Vikram Solar is planning to aggressively scale its operations and wants to fulfil its long-term vision through this IPO.
Vikram Solar’s Strong Experience and Growth Potential
Kolkata-based Vikram Solar is a well-known name in the renewable energy sector. The Company has 16 years of experience in solar photovoltaic module manufacturing and has installed 4.5 GW manufacturing capacity to date. The Company had an order book of 10,340.8 MW as of March 31, 2025, indicating a strong pipeline.
Last year, Vikram Solar won major contracts from NTPC Renewable Energy Ltd. and NLC India Ltd., further strengthening its credibility and market position. The Company’s manufacturing facilities are located in West Bengal and Tamil Nadu, and it operates two units in Gangaikondan, Tamil Nadu for solar cell manufacturing.
Key Clients and Market Position
The Company’s major domestic clients include NTPC, Neyveli Lignite Corporation, and Gujarat Industries Power Company. These big government entities put their trust in Vikram Solar’s technology and service. Due to this trust and experience, investors also feel that Vikram Solar IPO can be a safe and growth-oriented option.
Is this the right opportunity for investors?
Today, renewable energy and clean power sectors are one of the fastest growing sectors in India. Government policies are also promoting green energy and there is a lot of demand for private players. Hence, Vikram Solar IPO is not just an investment, but a future-oriented bet.
For investors, this can be both an emotional and financial decision, where on one hand they are putting their share in the green future of India and at the same time securing their returns from a growing company.
Disclaimer:
This article is for informational purposes only. The views, facts and details given in it are based on market reports. Before investing in any IPO or stock, definitely take the advice of your financial advisor.
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