Vikram Solar IPO: Price Band, GMP, Financials — Everything You Need to Know
Today, the stock market has become a place where investors are always alert for new opportunities. In this midst, another big news has come up – Vikram Solar IPO is about to be launched. This IPO is considered a very promising opportunity in the fast growing market of renewable energy and solar power sector. In this article, we will tell you in detail about Vikram Solar IPO price band, GMP, financials and company’s expansion plans.
Vikram Solar IPO Dates and Price Band
The issue of Vikram Solar IPO will open from 19 August and will close on 21 August. The IPO price band is set at Rs 315 to Rs 332 per share with a face value of Rs 10. The IPO is a combination of a fresh issue and an offer for sale (OFS). The fresh issue size is Rs 1,500 crore while the OFS from the promoters will be Rs 579 crore. This will take the total issue size to Rs 2,079 crore.
The pre-IPO round for anchor investors will be held on August 18. The allotment of IPO is tentatively scheduled for August 22 and listing of shares on NSE and BSE is expected on August 26. Book running lead managers include JM Financial, Nuvama Wealth Management, UBS Securities India, Equirus Capital and PhillipCapital India.
Vikram Solar IPO Lot Size And Allotment
The lot size of this IPO is 45 shares, meaning an investor has to apply for 45 shares for minimum investment. It is being issued through book building process where price discovery is based on demand and supply. This can be a golden opportunity for retail investors if they believe in the growth story of green energy and solar sector.
Vikram Solar Company Profile
Kolkata-based Vikram Solar Ltd. is a reputed solar photovoltaic module manufacturer with 16 years of experience. The company has installed solar PV module manufacturing capacity of 4.5 GW so far. The company had a strong order book of 10,340.8 MW as of 31 March 2025.
Vikram Solar won contracts with large government clients such as NTPC Renewable Energy Ltd. and NLC India Ltd. last year. The Company has two solar PV module manufacturing facilities in West Bengal and Tamil Nadu, and a solar cell manufacturing facility in Gangaikondan (Tamil Nadu). Clients such as NTPC, Neyveli Lignite Corporation and Gujarat Industries Power Company are key domestic customers of the Company.
Use of Proceeds from Vikram Solar IPO
The Company will invest Rs 770 crore from the money raised through the fresh issue in its subsidiary VSL Green Power Pvt. Ltd. This money will be used to set up an integrated 3,000 MW solar cell and 3,000 MW solar module manufacturing facility in Tamil Nadu.
Apart from this, funding of Rs 595 crore will be used for capacity expansion where the company is going to increase its production capacity to 6,000 MW. The remaining funds are kept for general corporate purposes.
This clearly shows that Vikram Solar IPO is not just for short-term listing gains but also a strong move for long-term growth and leadership in the renewable energy market.
Vikram Solar Financial Performance
If we talk about financials, the performance of the company has been impressive. Vikram Solar’s revenue has increased from Rs 2,511 crore in FY2024 to Rs 3,423 crore in FY2025, which is a growth of 36%.
Profit after tax also shows tremendous growth of 75% – from Rs 80 crore in FY2024 to Rs 140 crore in FY2025. These numbers clearly show that the demand for the company is increasing and its positioning in the market is getting stronger.
IPO Details
- Issue opening: Aug. 19 – Aug. 21
- Issue Price: Rs 315-Rs 332
- Fresh Issue: Rs 1,500 crore OFS: Rs 579 crore
- Total issue size: Rs 2,080 crore
- Allotment date: Aug.22
- Lot Size: 45 shares
- Issue type: Book building
Vikram Solar IPO GMP (Grey Market Premium)
Grey Market Premium (GMP) is an important indicator for investors. As per the latest data, Vikram Solar IPO GMP is running at Rs 63. If the upper price close of the IPO is considered to be Rs 332, then the potential listing gain of the stock could be around 18.98%.
This creates a positive sentiment and investors are also quite excited about the IPO. But always remember that GMP depends on market sentiments and changes keep happening in it.
Final Words on Vikram Solar IPO
Vikram Solar IPO is one such opportunity where scope is visible for both short-term and long-term investors. On one hand, there is massive growth potential in solar and renewable energy sector, on the other hand Vikram Solar’s strong order book, reputed clients and solid financial performance also give confidence.
Not only are there chances of listing gains, this IPO can also be a solid bet for the long term, especially for those who want to take part in the green energy revolution.
Disclaimer:
This article is for informational purposes only. Stock market investments always come with risk. Before investing in any IPO or stock, definitely take advice from your financial advisor.
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