Vikram Solar IPO Set to Open on Aug 19: All You Need to Know

Vikram Solar Limited is launching an Initial Public Offering (IPO), which is scheduled to open on Aug 19. Vikram Solar IPO possesses a total issue size of ₹2,079.37 crores, structured as a book-built issue. The offering comprises:

• A fresh issue of 4.52 crore equity shares, amounting to ₹1,500 crores, and
• An Offer for Sale (OFS) of 1.75 crore shares, totaling ₹579.37 crores by existing shareholders.

JM Financial Ltd. has been appointed as the book running lead manager for the IPO, ensuring smooth execution and compliance. MUFG Intime India Pvt. Ltd. will serve as the registrar to the issue, handling share allotment and post-issue activities.

Vikram Solar IPO Details

• Opening Date: August 19, 2025
• Closing Date: August 21, 2025
• Allotment Finalisation: Expected on August 22, 2025
• Tentative Listing Date: August 26, 2025
• Stock Exchanges: BSE and NSE
• Price Band: ₹315 – ₹332 per share
• Lot Size: 45 shares per lot
• Minimum Retail Investment: ₹14,175 (based on the lower end of the price band)

Use of IPO Proceeds

The company intends to use the net proceeds from the fresh issue to partially fund capital expenditure for its Phase-I project, for which ₹769.73 crores has been allocated. Additionally, ₹595.21 crores will be used for capital expenditure in its Phase-II project. The remaining funds will be directed toward general corporate purposes, supporting the company's overall growth and operations.

Also Read: Upcoming Dividends in August 2025: HPCL, MCX, and PTC India, Among Others

About Vikram Solar Ltd

Incorporated in 2005, Vikram Solar Limited is a leading manufacturer of solar photovoltaic (PV) modules, with a strong presence in both domestic and international markets.

• PV Module Manufacturing: Produces high-efficiency solar modules tailored for various energy needs.
• EPC Services: Offers end-to-end Engineering, Procurement, and Construction services for solar projects, from design through execution.
• Operations & Maintenance (O&M): Provides maintenance services to ensure optimal performance and extended lifecycle of solar installations.

As of March 31, 2025, Vikram Solar employed 1,612 full-time employees and engaged 974 contractual workers.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.