Vikram Solar Ipo
Objects of the Issue
Partial funding of capital expenditure through investment in our wholly owned Subsidiary, VSL Green Power Private Limited, for setting up of an integrated 3,000 MW solar cell and 3,000 MW solar module manufacturing facility at plot no. A-5, A-6, A-7 & A-10, SIPCOT Industrial Complex, Gangaikondan, District Tirunelveli 627 352, Tamil Nadu (“Project Site”) (“Phase-I Project”);
Funding of capital expenditure through investment in our wholly owned Subsidiary, VSL Green PowerPrivate Limited, for expanding the manufacturing capacity of the solar module manufacturing facility set up under the Phase-I Project from 3,000 MW to 6,000 MW at the Project Site (“Phase-II Project”); and
General corporate purposes
Vikram Solar IPO Review
IPO Watch – May Apply
Canara Bank –
DRChoksey FinServ –
Emkay Global –
Hem Securities –
IDBI Capital –
Marwadi Shares –
Nirmal Bang –
SBICAP Securities –
Sharekhan –
SMC Global –
Sushil Finance –
Swastika Investmart –
Ventura Securities –
Geojit –
Reliance Securities –
Capital Market –
BP Wealth –
ICICIdirect –
Choice Broking –
IPO Lead Managers aka Merchant Bankers
JM Financial Limited
Nuvama Wealth Management Limited
UBS Securities India Private Limited
Equirus Capital Private Limited
PhillipCapital (India) Private Limited
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 45 | ₹14,940 |
| Retail Maximum | 13 | 585 | ₹1,94,220 |
| S-HNI Minimum | 14 | 630 | ₹2,09,160 |
| B-HNI Minimum | 67 | 3,015 | ₹10,00,980 |
| IPO Open Date: | August 19, 2025 |
| IPO Close Date: | August 21, 2025 |
| Basis of Allotment: | August 22, 2025 |
| Refunds: | August 25, 2025 |
| Credit to Demat Account: | August 25, 2025 |
| IPO Listing Date: | August 26, 2025 |
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 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 |
| 2025 | ₹3,459.53 | ₹3,242.16 | ₹139.83 | ₹2,832.15 |
| KPI | Values |
| ROE: | 16.57% |
| ROCE: | 24.49% |
| EBITDA Margin: | 14.37% |
| PAT Margin: | 4.08% |
| Debt to equity ratio: | 0.19 |
| Earning Per Share (EPS): | ₹4.61 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 11.26% |
| Net Asset Value (NAV): | ₹39.24 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Premier Energies Limited | 21.35 | 47.01 | 33.21% | 62.61 | 6,652.09 Cr. |
| Websol Energy System Limited | 36.66 | 40.04 | 55.65% | 65.88 | 577.43 Cr. |
| Waaree Energies Limited | 68.24 | 45.79 | 20.09% | 334 | 14,846.06 Cr. |
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| IPO Open Date: | August 19, 2025 |
| IPO Close Date: | August 21, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹315 to ₹332 Per Share |
| Issue Size: | Approx ₹2,079.37 Crores |
| Fresh Issue: | Approx ₹1,500 Crores |
| Offer for Sale: | Approx 17,450,882 Equity Shares |
| Lot Size: | 45 Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |