Vikram Solar IPO opens for subscription on Aug 19, 2025 and closes on Aug 21, 2025The allotment for the Vikram Solar IPO is expected to be finalized on Aug 22, 2025. Vikram Solar IPO will list on BSE, NSE with a listing date fixed as Aug 26, 2025.
- Vikram Solar is bringing its IPO for public subscription from August 19 to August 21, 2025.
The company is offering shares in the price range of ₹315 to ₹332 per share.
You can apply for a minimum of 45 shares (1 lot) and in multiples after that.
Important Dates
IPO Open: August 19, 2025
IPO Close: August 21, 2025
Allotment Date: August 22, 2025
Refunds & Share Credit: August 25, 2025
Listing Date: August 26, 2025 (BSE & NSE)
IPO Size & Structure
Total Issue Size: ₹2,079.37 crore
Fresh Issue: ₹1,500 crore
Offer for Sale (OFS): ₹579 crore
Lot Size: 45 shares (₹14,175 – ₹14,940 per lot)
Investor Quota
Qualified Institutional Buyers (QIB): Up to 50%
Non-Institutional Investors (NII): At least 15%
Retail Investors: At least 35%
Employees: ₹1 crore worth of shares reserved
Grey Market Premium (GMP)
Current GMP: ₹65 – ₹75 per share
Expected Listing Price: Around ₹402 per share (about 19–22% above the issue price)
| Detail IPO Dates | Aug 19 – Aug 21, 2025 |
| Price Band | ₹315 – ₹332 per share |
| IPO Size | ₹2,079.37 crore |
| Lot Size | 45 shares |
| Minimum Investment | ₹14,175 – ₹14,940 |
| Allotment Date | Aug 22, 2025 |
| Listing Date | Aug 26, 2025 |
| GMP Range | ₹65 – ₹75 |
| Expected Listing Price | ₹390-402 |
Financial Highlights of Vikram Solar
| Fiscal Year | Revenue (₹ crore) | EBITDA (₹ crore) | PAT (₹ crore) | PAT Margin | EPS (₹) |
|---|---|---|---|---|---|
| FY22 | 1,730.3 | 58.7 | –62.9 | –3.6% | –2.43 |
| FY23 | 2,073.2 | 186.2 | 14.5 | 0.7% | 0.56 |
| FY24 | 2,511.0 | 398.6 | 79.7 | 3.2% | 3.08 |
- Revenue rose steadily, growing by over 20% each year.
- The company moved from losses to profitability, with strong gains in FY24.
- EPS improved significantly, indicating better earnings for shareholders.
- Profit margins strengthened year after year.