IPO Details
- Price Band: ₹315 to ₹332 per share
- Issue Size: ₹2,079.37 crores
- Lot Size: 45 shares
- Listing Date: August 26, 2025
- Listing Exchange: BSE and NSE
Investment Details
- Minimum Investment: ₹14,940 (45 shares at ₹332 per share)
- Retail Quota: 35% of the issue size
- QIB Quota: 50% of the issue size
- NII Quota: 15% of the issue size
Company Overview
Vikram Solar is a leading solar photovoltaic module manufacturer with 16 years of experience. They have installed 4.5 GW of manufacturing capacity for solar PV modules and have an order book of 10,340.8 MW as of March 31, 2025 .
Use of IPO Proceeds
- Partial Funding of Capital Expenditure for Phase-I Project: ₹769.73 crores
- Funding of Capital Expenditure for Phase-II Project:
- General Corporate Purposes: remaining amount
Grey Market Premium
The current Grey Market Premium for Vikram Solar IPO is ₹63, with an expected return of 19%