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Open
19 Aug 2025
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Close
21 Aug 2025
3
Allotment
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Listing
Tue, Aug 26, 2025
Price Band
₹315 to ₹332
Issue Size
6,26,31,604 shares (agg. up to ₹2,079 Cr)
Lot Size
45 Shares
Listing Date
Tue, Aug 26, 2025
Latest GMP
₹35
Est. Gain
10.54%
✦ AI Insight
GMP Trend
26-08-2025₹35Est. ₹367+10.54%
25-08-2025₹37Est. ₹369+11.14%
24-08-2025₹41Est. ₹373+12.35%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 39.73x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,832.15 | 2,585.50 | 2,476.29 |
| Total Income | 3,459.53 | 2,523.96 | 2,091.91 |
| Profit After Tax | 139.83 | 79.72 | 14.49 |
| EBITDA | 492.01 | 398.58 | 186.18 |
| NET Worth | 1,241.99 | 445.42 | 365.20 |
| Reserves and Surplus | 932.60 | 192.16 | 113.07 |
| Total Borrowing | 230.67 | 808.33 | 737.79 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Prostarm Info Systems Ltd. | Mainboard | ₹168.00 Cr | ₹105 | 19.75 | ₹126.00 | +20.00% | ₹129.39 (+0.31%) |
| Waaree Energies Ltd. | Mainboard | ₹4,321.44 Cr | ₹1503 | 30.87 | ₹2,338.90 | +55.62% | ₹2,830.30 (+0.58%) |
| Premier Energies Ltd. | Mainboard | ₹2,830.40 Cr | ₹450 | 82.09 | ₹839.90 | +86.64% | ₹1,100.60 (+0.89%) |
| Parth Electricals & Engineering Ltd. | SME | ₹49.67 Cr | ₹170 | 18.05 | ₹182.70 | +7.47% | ₹402.50 (-3.44%) |
| Smarten Power Systems Ltd. | SME | ₹50.00 Cr | ₹100 | 11.75 | ₹151.20 | +51.20% | ₹60.45 (-2.34%) |
| Eppeltone Engineers Ltd. | SME | ₹43.96 Cr | ₹128 | 10.86 | ₹255.35 | +99.49% | ₹110.75 (-3.70%) |
| ATC Energies System Ltd. | SME | ₹63.76 Cr | ₹118 | 17.4 | ₹101.65 | -13.86% | ₹23.50 (+0.43%) |
| Yash Highvoltage Ltd. | SME | ₹110.01 Cr | ₹146 | 26.8 | ₹291.25 | +99.49% | ₹963.00 (-1.67%) |
| Vdeal System Ltd. | SME | ₹18.08 Cr | ₹112 | 11.79 | ₹178.50 | +59.38% | ₹158.00 (-0.32%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Partial funding of capital expenditure for the Phase-I Project. | 769.73 |
| 2 | Funding of capital expenditure for the Phase-II Project | 595.21 |
| 3 | General Corporate Purposes | 49.55 |
| 4 | Issue Expenses | 119.76 |
| Total | 1,534.24 |
About Vikram Solar IPO
Incorporated in 2005, Vikram Solar Limited is a solar photo-voltaic (“ PV”) modules manufacturer. Core Operations: Solar Photovoltaic (PV) Module Manufacturing: Specializing in the production of high-efficiency solar PV modules, Vikram Solar caters to both domestic and international markets. Engineering, Procurement, and Construction (EPC) Services: The company provides comprehensive EPC solutions for solar power projects, ensuring efficient project execution from design to commissioning. Operations and Maintenance (O&M): Vikram Solar offers O&M services to optimize the performance and longevity of solar power installations. The company's 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; and (iii) n-type monocrystalline silicon based heterojunction technology (“HJT”) modules; all of these being either bifacial (glass-to-glass/ glass-to-transparent back sheet) or monofacial (glass-to-white/black back sheet) modules. Manufacturing facilities located at: Falta SEZ, Ko
Contact Details
Vikram Solar Ltd. AddressBiowonder, Unit No.1102, 11th Floor789, Anandapur Main Road, Eastern MetropolitanBypass, E.K.TKolkata, West Bengal, 700107+91 33 2442 7399secretarial@vikramsolar.comVisit Website