Vikram Solar Limited IPO
Vikram Solar Limited is among India’s largest solar PV module manufacturers by installed capacity, backed by over 15 years of industry experience (Source: CRISIL Report). It operates two manufacturing facilities in West Bengal and Tamil Nadu, with a combined installed capacity of 3.50 GW. This positions the company as one of the leading pure-play, non-captive manufacturers on the Ministry of New & Renewable Energy’s Approved List of Module Manufacturers.
Price Band₹0.00 |
Dates- |
GMP₹0 (-) |
Subscriptions- |
Issue Size₹150.00 Crs |
Vikram Solar IPO Objects
- Partial funding of capital expenditure for the Phase-I Project
- Funding of capital expenditure for the Phase-II Project
- General Corporate Purposes
Vikram Solar IPO Details
Price Band₹0.00 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹150.00 Cr (0.00 Shares) |
Offer For Sale₹0.00 (1.75 Cr Shares) |
Total Issue₹150.00 Cr (1.75 Cr Shares) |
Face Value₹10 per equity share |
Vikram Solar IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
1
0
Maximum
-
-
-
|
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| Small HNI |
Minimum
-
-
-
Maximum
-
-
-
|
|||
| Big HNI |
Minimum
-
-
-
|
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Vikram Solar IPO GMP
The estimated Grey Market Premium of Vikram Solar IPO is ₹0 per share (-)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | B1 |
| Shareholder | B2 |
Vikram Solar IPO Financials
| Particulars | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Revenue from Operations | 2,510.99 | 2,073.23 | 1,730.31 |
| Profit after Tax | 79.72 | 14.49 | -62.94 |
| Net Worth | 445.42 | 365.20 | 351.29 |
| Total Borrowing | 609.65 | 523.56 | 439.18 |
| Total Assets | 2,585.50 | 2,476.29 | 2,237.23 |
| NAV per share (in ₹) | 17.21 | 14.11 | 13.57 |
| EPS - Basic (in ₹) | 3.08 | 0.56 | -2.43 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 15.87% |
| PAT | 3.17% |
| ROE | 19.67% |
| ROCE | 20.76% |
| Debt to Equity | 1.81 |
- All the data pertains to FY 2023-24.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Vikram Solar IPO Peer Comparision
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Vikram Solar IPO Peer Comparision
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Promoter Details
| Name | Shareholding |
|---|---|
| Vikram Capital Management Private Limited | 35.79% |
| Gyanesh Chaudhary Family Trust | 23.09% |
| Gyanesh Chaudhary | 5.15% |
| Other promter | 13.62% |
| Total | 77.64% |
Management Details
| Name | Designation |
|---|---|
| Gyanesh Chaudhary | Chairman & MD |
| Ivan Saha | CEO |
| Narayan Lodha | CFO |
Company Details
Name: Vikram Solar Limited
Address: Biowonder, Unit No. 1102, 11th Floor, 789, Anandapur Main Road, Eastern Metropolitan Bypass, E.K.T, Kolkata - 700107, West Bengal, India
Number: +91 33 2442 7399/ +91 33 2442 7299
Email: secretarial@vikramsolar.com
Website: www.vikramsolar.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Vikram Solar IPO is a Mainboard IPO having an issue size of Rs. ₹150.00 Crs. Vikram Solar IPO is priced at ₹0.00 - ₹0 per share. The issue opens on 12 Jul 25 and closes on 12 Jul 25.
Vikram Solar IPO opens on 12 Jul 25 and closes on 12 Jul 25.
The estimated Grey Market Premium of Vikram Solar IPO is ₹0 per share (-).
The minimum lot size of Vikram Solar IPO is shares & the minimum application amount is Rs. 0.
The allotment date of Vikram Solar IPO is 12 Jul 25.
The listing date of Vikram Solar IPO is 12 Jul 25.
Vikram Solar IPO is subscribed -.
Vikram Solar IPO is priced at ₹0.00 - ₹0 per share.
Click the allotment link on Vikram Solar IPO page of IPO360.
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- Enter Qty and Price
- Submit the application
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- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Vikram Solar IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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