Vikram Solar IPO 2025
IPO Timeline and Price Band
- IPO Open Date: August 19, 2025
- IPO Close Date: August 21, 2025
- Allotment Date: August 22, 2025
- Listing Date: August 26, 2025
- Price Band: ₹315 to ₹332 per equity share
- Issue Size: Approximately ₹2,079.37 crore
- Lot Size: 45 shares
Allotment Quotas
| Investor Category | Percentage Allotment |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Retail Investors | 35% |
Retail investors may apply for a minimum of 45 shares (~₹14,940 at lower price band) up to a maximum of 585 shares (13 lots).
About Vikram Solar
Vikram Solar is a leading solar photovoltaic (PV) module manufacturer in India with an installed capacity of 3.5 GW as of March 2024. The company supplies high-efficiency PV modules and offers Engineering, Procurement, and Construction (EPC) services as well as operation and maintenance solutions.
It plans to increase production capacity to 10.5 GW by FY26 and 15.5 GW by FY27, including a new 3 GW solar cell manufacturing facility in Tamil Nadu.
The IPO proceeds will support the company’s expansion plans and strengthen its market position domestically and internationally.
Additional Information
The IPO is a book-built public offering to be listed on BSE and NSE. Applicants can check allotment status via the registrar, Link Intime India Private Limited, after August 22, 2025.