Vikram Solar IPO Overview
Vikram Solar Limited is set to launch its IPO in 2025, aiming to raise ₹[.] crores through a Book Built Issue, which includes a fresh issue of ₹1,500 crores and an offer for sale (OFS) of up to 17,450,882 equity shares with a face value of ₹10 per share.
The IPO price band is yet to be announced, and the issue will list on both BSE and NSE. Below is a detailed summary of the IPO.
Vikram Solar IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹[.] to ₹[.] per share |
| Issue Size | ₹[.] crores |
| Fresh Issue | ₹1,500 crores |
| Offer for Sale (OFS) | 17,450,882 equity shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
Vikram Solar IPO Market Lot
Details about the lot size and minimum application amount are yet to be announced. Below is an example of expected allotment:
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹– |
| Retail Maximum | 13 | – | ₹– |
| S-HNI Minimum | 14 | – | ₹– |
| B-HNI Minimum | 68 | – | ₹– |
Vikram Solar IPO Schedule
| Event | Date |
|---|---|
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Basis of Allotment | 2025 |
| Refunds | 2025 |
| Credit to Demat Account | 2025 |
| IPO Listing Date | 2025 |
Company Financial Overview
Vikram Solar has shown steady growth in revenue and profitability, supported by its strong operational capabilities. Below is the financial summary:
| Period Ended | Revenue (₹ Crores) | Expenses (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | ₹1,743.05 | ₹1,822.49 | ₹62.94 | ₹2,237.23 |
| 2023 | ₹2,091.91 | ₹2,073.04 | ₹14.49 | ₹2,476.29 |
| 2024 | ₹2,523.96 | ₹2,405.04 | ₹79.72 | ₹2,585.50 |
Key Performance Indicators (FY 2024)
| KPI | Value |
|---|---|
| ROE | 19.67% |
| ROCE | 20.76% |
| EBITDA Margin | 15.87% |
| PAT Margin | 3.17% |
| Debt to Equity Ratio | 1.81 |
| Earnings Per Share (EPS) | ₹3.08 |
| Return on Net Worth (RoNW) | 17.90% |
| Net Asset Value (NAV) | ₹17.21 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Premier Energies Limited | 6.93 | 191.48 | 35.06% | ₹15.63 | ₹3,171.31 Cr. |
| Websol Energy System Ltd. | (29.99) | N/A | (112.29%) | ₹26.70 | ₹26.81 Cr. |
Objects of the Issue
The funds raised through the IPO will be used for the following purposes:
- Phase-I Project: Partial funding for setting up an integrated 3,000 MW solar cell and 3,000 MW solar module manufacturing facility in Tamil Nadu.
- Phase-II Project: Expanding the manufacturing capacity of the solar module facility from 3,000 MW to 6,000 MW.
- General Corporate Purposes: Supporting the company’s operational and strategic goals.
Promoters of Vikram Solar
The promoters of the company are:
- Gyanesh Chaudhary
- Gyanesh Chaudhary Family Trust
- Vikram Capital Management Private Limited
About Vikram Solar Limited
Founded in 2009, Vikram Solar Limited is one of India’s leading manufacturers of solar photovoltaic (PV) modules. The company has an installed capacity of 3.50 GW and plans to increase its production capacity to 10.50 GW by FY26 and 15.50 GW by FY27.
The company’s portfolio includes:
- Solar Panels
- Solar Inverters
- Robotic Cleaning Systems
The company is also investing in a 3 GW solar cell manufacturing plant in Tamil Nadu to meet growing market demand. For FY 2024, Vikram Solar reported a revenue of ₹2,523.96 crores.
IPO Registrar
- Registrar Name: Link Intime India Private Limited
- Contact Email: vikramsolar.ipo@linkintime.co.in
- Website: Link Intime
FAQs
- What is Vikram Solar IPO issue size?
The issue size is ₹[.] crores. - What is the price band for the IPO?
The price band will be announced soon. - When will Vikram Solar IPO be listed?
The IPO will list on BSE and NSE in 2025. - How to apply for the Vikram Solar IPO?
Applications can be made online via ASBA, UPI, or offline through stockbrokers. - What is the allotment date for Vikram Solar IPO?
The allotment date is yet to be announced but will occur in 2025.
Conclusion
Vikram Solar IPO offers a promising opportunity for investors looking to capitalize on the growing demand for renewable energy solutions. With robust financial performance, ambitious expansion plans, and a strong market presence, the IPO is well-suited for long-term investment.