The IPO of Vikram Solar Limited is underway for public subscription. The IPO has been subscribed to 19.45 times on day 2, since its start from 19 August 2025. The IPO will last till August 21, 2025. The company’s objective through this IPO is to raise around ₹2,079 crore.
Vikram Solar Limited: IPO Details
• IPO Opens: August 19, 2025
• IPO Closes: August 21, 2025
• Issue Type: 100% Book Building
• Total Issue Size: ₹2,079.37 crore
o Fresh Issue: ₹1,500 crore
o Offer for Sale: Up to 17,450,882 equity shares
• Price Band: ₹315 to ₹332 per share
• Face Value: ₹10 per equity share
• Lot Size: 45 shares
• Minimum Investment (Retail): ₹14,940
• Maximum Subscription Amount (Retail): ₹1,94,220
• Listing Exchanges: BSE and NSE
• Registrar: MUFG Intime India Private Limited
• Sponsor Banks / Book Running Lead Managers: Axis Bank Limited and HDFC Bank Limited
Vikram Solar Limited IPO: Important IPO Dates:
• Anchor Investor Bidding: August 18, 2025
• Basis of Allotment Finalisation: August 22, 2025
• Date to List: August 26, 2025
Consolidated Bid Details of Vikram Solar Limited IPO
Total Subscription: 19.45 times
Retail Individual Investors (RII): 3.47 times
Retail Investors (Employees): 2.36 times
Non-Institutional Investors (NII): 13.01 times
Qualified Institutional Buyers (QIB): 0.11 times
(Data: Aug 20, 2025 | 19:33)
Vikram Solar Limited: Company Overview
Vikram Solar Limited was founded in 2009. The company has its headquarter in Kolkata, operating in manufacturing solar photovoltaic (PV) modules, provides EPC (engineering, procurement, and construction) and O&M (operations and maintenance) related services.
(Disclaimer: The above article is only for the purpose of information. It does not constitute financial guidance in any form(s). Investors here are suggested to carefully review the prospectus and refer to a registered financial advisor or certified investment professional before they finalise any investment. Similarly, past performances are not an indication of future outcomes. Investments are subject to market risks.)
Also Read: Patel Retail IPO Heating Up On Day 2: Too Good to Miss or Time to Run?
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
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