Vikram Solar IPO 2025: Complete Details, Share Price, GMP, and Latest Updates
11 August 2025 · Sachin Gadekar
Everything you need to know about the Vikram Solar IPO — from share price and GMP to dates, DRHP, and company financials.
About Vikram Solar Limited
Vikram Solar Limited, one of India’s leading solar PV module manufacturers, is gearing up for its highly anticipated Initial Public Offering (IPO). This public issue is attracting attention across investor circles due to the company’s strong position in the renewable energy sector and its impressive growth trajectory.
In this article, we will cover Vikram Solar share price, Vikram Solar IPO date, Vikram Solar IPO GMP, DRHP details, and all the latest news you need to make an informed investment decision.
Founded in 2005, Vikram Solar is a pioneer in the Indian solar photovoltaic (PV) industry. The company specializes in high-efficiency solar PV modules, offering a range of technologies including:
PERC modules (p-type monocrystalline silicon-based Passivated Emitter and Rear Contact modules)
TOPCon modules (n-type monocrystalline silicon-based Tunnel Oxide Passivated Contact modules)
HJT modules (n-type monocrystalline silicon-based Heterojunction Technology modules)
These products are available in both bifacial and monofacial configurations, catering to domestic and global markets.
Operations & Services
Apart from manufacturing, Vikram Solar is involved in:
Engineering, Procurement & Construction (EPC) services
Operations & Maintenance (O&M) for solar power plants
The company operates manufacturing facilities in:
Falta SEZ, Kolkata, West Bengal
Oragadam, Chennai, Tamil Nadu
With a strong domestic network of 41 distributors, 64 dealers, and 67 system integrators, Vikram Solar serves 23 states and 3 union territories, along with exports to international markets.
Vikram Solar IPO Details
| Particulars | Details |
|---|---|
| IPO Date | Yet to be announced |
| Listing Date | Yet to be announced |
| Face Value | ₹10 per share |
| Price Band | To be announced |
| Issue Type | Bookbuilding IPO |
| Fresh Issue | ₹1,500 crore |
| Offer for Sale (OFS) | 1.75 crore shares |
| Listing At | BSE, NSE |
| Promoters | Gyanesh Chaudhary, Gyanesh Chaudhary Family Trust, Vikram Capital Management Pvt. Ltd. |
| Pre-Issue Shareholding | 77.64% |
Vikram Solar Share Price & IPO Price Band
As of now, the Vikram Solar IPO share price band is yet to be disclosed. Once announced, it will be a key factor for investors to assess the valuation.
Currently, in the unlisted market, Vikram Solar shares have been trading actively, reflecting investor anticipation ahead of the IPO.
Vikram Solar IPO GMP (Grey Market Premium)
The Vikram Solar IPO GMP will be available closer to the IPO opening date. GMP is often used as an indicator of how the IPO may perform upon listing. Investors are advised to track GMP updates from reliable sources but also to base investment decisions on fundamentals.
Financial Performance Snapshot
| Financial Year | Total Income (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|
| FY 2024 | 2,523.96 | 79.72 | 2,585.50 |
| FY 2023 | 2,091.91 | 14.49 | 2,476.29 |
| FY 2022 | 1,743.05 | -62.94 | 2,237.23 |
Vikram Solar IPO Highlights
Competitive Strengths:
Leading position in India’s solar PV industry with international reach.
Diverse technology portfolio including PERC, TOPCon, and HJT modules.
Strong EPC and O&M capabilities for turnkey solar projects.
Robust distribution network across India.
Positive financial turnaround with rising profitability.
Vikram Solar IPO DRHP Highlights
The Vikram Solar IPO DRHP reveals that the fresh issue proceeds will be used for:
Expanding manufacturing capacity
Repaying debt
Funding working capital requirements
General corporate purposes
Vikram Solar IPO Latest News
Vikram Solar IPO date announcement is expected in the coming weeks.
The company aims to leverage India’s push toward renewable energy for growth.
Analysts anticipate strong subscription interest from both institutional and retail investors.
Ultra’s Take on Vikram Solar IPO
At Ultra, we believe that Vikram Solar’s IPO is poised to attract significant attention due to:
India’s renewable energy expansion plans
The company’s established track record
Strong industry fundamentals
However, as with all investments, it is essential to evaluate the IPO pricing, GMP trends, and long-term growth potential before making a decision.
FAQs on Vikram Solar IPO
Q1. What is the Vikram Solar IPO date?
The IPO date has not yet been announced. Stay tuned for official updates.
Q2. What is the Vikram Solar IPO share price?
The price band is yet to be declared.
Q3. What is Vikram Solar IPO GMP today?
The GMP will be available closer to the IPO opening date.
Q4. Where will Vikram Solar IPO be listed?
It will be listed on both BSE and NSE.
Q5. Who are the promoters of Vikram Solar?
Gyanesh Chaudhary, Gyanesh Chaudhary Family Trust, and Vikram Capital Management Pvt. Ltd.