The Vikram Solar IPO began on August 19, 2025. It will close on August 21,2025. The Total IPO Size is 2079.37 Crores. The company set its IPO price at 315-332 Rs Per Share.
There are three basic categories in Vikram Solar IPO Subscription: 1) Qualified Institutional Buyers, 2) Non-Institutional Investors 3) Retail.
Vikram Solar are largest solar photo-voltaic (“PV”) modules manufacturers.
The portfolio of solar energy products consists of the following high-efficiency solar PV modules:
(i) p-type monocrystalline silicon based Passivated Emitter and Rear Contact (“PERC”) modules;
(ii) n-type monocrystalline silicon based Tunnel Oxide Passivated Contact (“TOPCon”) modules;
(iii)n-type monocrystalline silicon based heterojunction technology (“HJT”) modules
They installed manufacturing capacity to up to 10.50 GW by Fiscal 2026 and up to 15.50 GW by Fiscal 2027.
The existing manufacturing facilities are strategically located at Falta SEZ in Kolkata, West Bengal and Oragadam in Chennai, Tamil Nadu.
Furthermore, They are strategically backward integrating into the solar value chain by establishing a 3.00 GW solar cell manufacturing facility in Tamil Nadu.
Vikram Solar IPO Promoters
Gyanesh Chaudhary, Gyanesh Chaudhary Family Trust and Vikram Capital Management Private Limited and BFL Private Limited are the promoters of the company.
Vikram Solar IPO Date, Details & Price Band
The Vikram Solar IPO Price Band, IPO Dates, Market lot and other details are mentioned in the table below.
| IPO Opening Dates | 19-August-2025 |
| IPO Closing Dates | 21-August-2025 |
| Price | 315-332 Rs |
| Fresh Issue | 1,500.00 Crores |
| Offer for Sale | 579.37 Crores |
| Total IPO size | 2,079.37 Crores |
| Face Value | 10 INR Per Share |
| Issue Type | Book Building |
| QIB Allocation | 50% |
| HNI Allocation | 15% |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Vikram Solar IPO Market Lot
The Vikram Solar IPO minimum market lot is 45 shares with a 14,940 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 45 | 14,940 ₹ |
| Retail Maximum | 13 | 585 | 1,94,220 ₹ |
| S-HNI Minimum | 14 | 630 | 2,09,160 ₹ |
| S-HNI Maximum | 68 | 2,970 | 9,86,040 ₹ |
| B-HNI Minimum | 69 | 3,015 | 10,00,980 ₹ |
Restated Consolidated Financial Information (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-25 | 2,832.15 | 3,459.53 | 139.83 |
| 31-Mar-24 | 2,585.50 | 2,523.96 | 79.72 |
| 31-Mar-23 | 2,476.29 | 2,091.91 | 14.49 |
Vikram Solar IPO GMP & Grey Market Premium
Vikram Solar IPO GMP Grey market premium has started today. Check the Latest Vikram Solar IPO GMP, Kostak Rates, and Subject to Sauda Price here.
Vikram Solar IPO Prospectus
Vikram Solar IPO Prospectus is Available on the NSE/BSE and SEBI website as well as on our Portal. Please click here to download the Vikram Solar IPO Prospectus.
| DRHP | Download |
| RHP | Download |
| Anchor Investor List | Download |
Vikram Solar IPO Allotment Date & Details
| Allotment Date | 22-August-2025 |
| Initiation of refunds | 25-August-2025 |
| Transfer of shares to Demat accounts | 25-August-2025 |
| Listing Date | 26-August-2025 |
| Check Allotment Status | Click here |
Registrar of Vikram Solar
MUFG Intime India Pvt.Ltd.
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli West, Mumbai 400 083,
Maharashtra, India
Telephone: +91 22 4918 6200
E-mail:[email protected]
Investor grievance e-mail:[email protected]
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration no.: INR000004058
Vikram Solar Contact Details
Vikram Solar Ltd.
6th Floor, D2/2
Block-EP & GP,
Sector-V
Kolkata, West Bengal, 700091
Phone: 033 3522 2405
Email: [email protected]
Website: https://regaalresources.com/
Vikram Solar IPO Lead Managers
PhillipCapital (India) Private Limited
No.1, 18th Floor, Urmi Estate, 95,
Ganpatrao Kadam Marg, Lower Parel
West, Mumbai – 400 013, Maharashtra,India
Telephone: +91 22 2483 1919
E-mail: [email protected]
Investor grievance e-mail:
[email protected]
Website: https://phillipcapital.in/
Contact person: Kavit Vora
SEBI registration no.: INM000012458
UBS Securities India Private Limited
Level 2, 3, North Avenue, Maker
Maxity, Bandra Kurla Complex Bandra
East, Mumbai 400 051 Maharashtra,India
Telephone: +91 22 6155 6000
E-mail: [email protected]
Investor grievance e-mail:
[email protected]
Website: www.ubs.com/indiaoffers
Contact person: Abhishek Joshi
SEBI registration no.: INM000013101
Nuvama Wealth Management Limited
801 – 804, Wing A, Building No 3,
Inspire BKC, G Block
Bandra Kurla Complex, Bandra East,
Mumbai 400 051, Maharashtra, India
Telephone: +91 22 4009 4400
E-mail: [email protected]
Investor grievance e-mail:
[email protected]
Website: www.nuvama.com
Contact person: Lokesh Shah
SEBI registration no: INM000013004
JM Financial Limited
7th Floor, Cnergy
Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025
Maharashtra, India
Telephone: +91 22 6630 3030
E-mail: [email protected]
Investor grievance e-mail:[email protected]
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI registration no.:INM000010361
