Vikram Solar IPO - Details

Vikram Solar IPO constitutes Rs 15,000 million in fresh issues and Rs 5000 million in offer for sale equities. Vikam Solar is a PV solar module manufacturing business headquartered in Kolkata.

Opening Date:

To be announced

Issue Size:

To be announced

Closing Date:

To be announced

Face Value:

To be announced

Price Band:

To be announced

Market Lot:

To be announced

Opening Date:

To be announced

Issue Size:

To be announced

Closing Date:

To be announced

Face Value:

To be announced

Price Band:

To be announced

Market Lot:

To be announced

Listing at NSE, BSE

Vikram Solar IPO Important Dates

Allotment Date To be announced
Initiation of Refunds To be announced
Credit of shares to Demat Account To be announced
Ipo Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Vikram Solar

Founded in 1956 as a garment business but transformed into a solar module manufacturing company after it was acquired by the Vikram Group to resonate with the parent company's business activities.

Vikram Solar is India's largest solar module manufacturer with a 2.3 GW annual production capacity and the second-largest solar power company by revenue.

Vikram Solar IPO Objectives:

  • To fund capital expenditure of establishing a 2000 MW integrated solar cell and solar module manufacturing facility in Tamil Nadu.

  • General corporate purposes.

Why should you invest in the Vikas Solar IPO?

Below are your top 3 reasons.

  • Vikram Solar has built strong engineering capabilities in producing high-efficiency PV modules in the last 12 years in the solar PV module technologies business.

  • The company has established a strong brand recall. Vikram Solar has extended its global footprint by opening offices in the United States of America and China.

  • Vikram Solar supplies PV solar modules to 32 countries across the world. Their primary domestic clients are National Thermal Power Corporation Limited (NTPC), West Bengal State Electricity Distribution Company Limited, Solar Energy Corporation of India, West Bengal Power Development Corporation Limited, Hindustan Petroleum Corporation Limited, Keventer Agro Limited, etc.

Vikram Solar Financial Highlights

Particulars

For the year/period ended (Rs in crore)

 

FY21

FY20

FY19

Revenue From Operation

16,101.38

16,396.83

20.168.36

EBITDA

1945.02

1621.82

1828.16

Contribution Margin

     

Profit After Tax (PAT)

16,276.02

16,619.74

20,312.94

EPS

1.48

0.86

1.55

ROE

0.99%

1.20%

0.78%

How to apply for Vikram Solar IPO?

There are two ways by which investors can choose to start trading. One is through UPI, and the other is with the help of a Demat account. The processes are discussed below:

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Vikram Solar IPO and approve the payment on your UPI ID.

Demat Account

Vikram Solar Noteworthy Highlights

  • The global solar PV installation capacity has grown at 29% CAGR between 2011-2020 as government’s support continues to promote clean energy.

  • The GOI’s scheme SRISTI targeting 40GW rooftop solar panels installation by 2022 is an additional key growth factor for Vikram Solar.

Vikram Solar IPO SWOT Analysis

Pros

Cons

One of India’s largest solar module manufacturers with a strong order book.

Their future performance depends on building scalability and manufacturing facilities in a cost-effective way.

Robust financial performance, backed by strong brand recognition and a proven track record.

Global pandemics like the current one and unfavourable economic conditions can lower the company’s profit potential.

Diversified business, ability to provide EPC and O&M service as an additional value add-on.

Company’s sustainability depends mainly on the continuation of favourable government policies.

Competitive Analysis: Market Peer

There are no listed competitors that are engaged in a similar line of business to Vikram Solar. Accordingly, it is not possible to provide an industry comparison in relation to the company.

Frequently Asked Question

What is Vikram Solar IPO?

Vikram Solar has filed preliminary papers with the SEBI to float an initial public offer. The proposed IPO will contain Rs 15,000 million in fresh issues and Rs 5000 million in offers for sale equities.

When will Vikram Solar IPO allotment be available?

There is no announcement regarding the date of allotment.

What will be Vikram Solar IPO lot size?

Details regarding the lot size of the IPO aren't announced.

When will Vikram Solar IPO open for subscription?

The IPO dates aren't updated.

What minimum lot size can retail investors subscribe to?

Retail investors can invest for one lot at the minimum.

When will Vikram Solar list on exchanges?

It usually takes ten working days from the last day of subscription to list the stocks on the exchange.

How to check the allotment status of Vikram Solar IPO?

Investors can visit the register's website or BSE/NSE website to check IPO allotment status. Keep your application number, DP id, and PAN number available when checking allotment status.

If you are an existing Angel One client, you can check the IPO allotment status by logging in to the customer account.

What would be the listing gains on Vikram Solar IPO?

Listing gain refers to the price difference between the stock's opening price and the allotment price of the IPO.

There is no guarantee that IPO shares will open with a listing gain. It depends on the market sentiment, demand for the IPO, global factors, and the short-term outlook, among other factors.

I have finished the application process for Vikram Solar IPO, but the funds are not yet debited. What is the reason?

Your account isn't yet debited because the bank initially blocks the fund when you apply for the IPO but don't release it. The fund will stay in your account and continue to earn interest. They will debit the amount when IPO shares are allotted to you or unblock it on the UPI mandate expiration date.

Can I alter my bid for Vikram Solar's IPO after confirming its final application?

Yes, you can change the price or the lot size by filling the changing/revising the bid application form available with the application. But it could be a challenge to complete the process within the time given.

Can I submit more than one application for the public issue of Vikram Solar using one PAN?

No. Investors can submit only one bid against one PAN card at a time.

Who is the owner of Vikram Solar?

Gyanesh Chaudhary started Vikram Solar in 2006. He is currently serving as the Managing Director of the company.

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