Vikram Solar Limited

Offer Period :


Vikram Solar, India's leading photovoltaic panel manufacturer, operates for 12 years with headquarters in Kolkata. Producing high-efficiency PV models, it has a 1.42 GW EPC portfolio and a global presence in 32 countries. With strategic locations, Read more... the company plans a Falta plant upgrade aiming for 3GW solar production by FY 2023.Read less

Vikram Solar Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ 0
Listing At Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Employee Discount ₹0 Crores
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Total Issue Size ₹0 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.


IPO Starts


IPO Ends


Allotment Date


Initiation of Refund


Credit of Shares to Demat Account


IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 0 0

Vikram Solar Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

IPO Lot Size

Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Vikram Solar Limited IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 22 4918 6200
Email Id
Our Website

Vikram Solar Limited IPO Lead Manager

1. JM Financial Ltd

2. Kotak Mahindra Capital Company Ltd

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Vikram Solar Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Vikram Solar Limited

Risks Involved

1. Outbreaks of contagious diseases, such as the recent outbreak of COVID-19, may have a material adverse effect on its business, financial condition, results of operations, cash flows and prospects.

2. Its success depends on its ability to build new manufacturing plants and add production lines in a cost-effective manner, both of which are subject to risks and uncertainties.

3. The company may be unable to benefit from the government policies like PLI scheme and various other policies.

4. The company do not have long-term contracts with suppliers of solar PV cells and all other raw materials and therefore are susceptible to potential unavailability of raw materials.

5. The company is derive a significant amount of revenue from only one product and therefore its continued success is necessary for its business and prospects.

6. Changes in the price of wafers, solar PV cells and other raw materials due to changes in demand or other factors could adversely affect its manufacturing of solar PV modules.

7. The Company, certain of its Directors, some of whom are also its Promoters, and one of its Corporate Promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.

8. The company is required to maintain certain licenses, approvals, registrations, consents and permits in the ordinary course of business.

9. Its revenue from operations is highly dependent upon a limited number of customers.

10. Reduced growth in, or the reduction/ removal of, exemption of, elimination or expiration of, government subsidies and economic incentives to promote solar energy and domestic production could reduce demand for its solar modules.

Why should you invest in



Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 2476.29 2237.23 1798.09
Total Liabilities 2476.29 2237.23 1798.09
Total Expenses 2073.04 1822.49 1571.41
Total Revenue 
2091.91 1743.05 1627.6
Profit After Tax 14.49 -62.94 38.19
EBITDA 204.86 71.41 194.5
Adjusted EBITDA 0 0 0

Vikram Solar Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Vikram Solar Limited IPO?

Answer Field

Vikram Solar Limited IPO is a [-] IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on [-].

When Vikram Solar Limited IPO will open?

Answer Field

The Vikram Solar Limited IPO opens on [-] and closes on [-].

What is the lot size of Vikram Solar Limited?

Answer Field

Vikram Solar Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for Vikram Solar Limited IPO?

Answer Field

You can apply in Vikram Solar Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Vikram Solar Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for Vikram Solar Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is Vikram Solar Limited IPO listing date?

Answer Field

The Vikram Solar Limited listing date is [-].

Who is the registrar of Vikram Solar Limited IPO?

Answer Field

The registrar of Vikram Solar Limited IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,Kotak Mahindra Capital Company Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Vikram Solar Limited IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Vikram Solar Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for Vikram Solar Limited IPO?

Answer Field

To apply for Vikram Solar Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Vikram Solar Limited?

Answer Field

The price of each Vikram Solar Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for Vikram Solar Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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