Last Updated:
Vikram Solar IPO saw 54.63 times subscription, listing on BSE and NSE expected at Rs 373 with a 12.35 percent premium. FY25 revenue rose 37 percent to Rs 3,459.53 crore.
News18
Vikram Solar IPO GMP: The initial public offering of Vikram Solar Limited, a solar photovoltaic modules manufacturer, opened between August 19, 2025 to August 21, 2025. The mainboard issue received a total bids for 2,47,81,57,965 shares, against the offered shares of 4,53,61,650, reflecting a total subscription of 54.63 times.
The allotment of unlisted shares of Vikram Solar IPO was completed on Friday, August 22, 2025. Investors who have been allotted the lot/lots are looking forward to the listing on the BSE and NSE on Tuesday, August 26, 2025. Meanwhile, they are keenly watching the GMP of Vikram Solar IPO to gauge the expected listing.
Vikram Solar IPO Listing Price Prediction
Shares of Vikram Solar IPO are trading at Rs 373 apiece, over the cap of the price band of Rs 332 apiece. It reflects a GMP of Rs 41, with the expected listing at 12.35 per cent premium.
Vikram Solar IPO: More Info
The IPO is a combination of a fresh issue of 4.52 crore shares worth Rs 1,500 crore and an offer for sale (OFS) of 1.75 crore shares aggregating to Rs 579.37 crore. The price band has been fixed at Rs 315-332 per share, with a lot size of 45 shares. At the upper price band, the minimum investment for retail investors is Rs 14,940.
The company has already raised Rs 620.81 crore from anchor investors on August 18 by allotting 1.87 crore shares. Half of these will be under a 30-day lock-in, while the rest will be locked in for 90 days.
Proceeds from the fresh issue will be used to partially fund capital expenditure for Phase-I (Rs 769.73 crore) and Phase-II (Rs 595.21 crore) projects, besides meeting general corporate purposes. JM Financial is the book running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.
For FY25, the company reported a revenue of Rs 3,459.53 crore, up 37% year-on-year, while net profit surged 75% to Rs 139.83 crore. Post-issue, promoters’ holding will reduce from 77.64% to 63.11%.
With a market capitalization of about Rs 12,009 crore at the IPO price, Vikram Solar is betting big on India’s clean energy transition and rising demand for high-efficiency solar modules.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
Read More
