India solar energy details will witness a major event as Vikram Solar Limited launches its IPO on 19 August 2025. One among the biggest manufacturers of solar photovoltaic modules in India, the company aims to raise ₹2,079.37 crore through this public issue comprising ₹1,500 crore of fresh shares and ₹579.37 crore through an Offer for Sale (OFS). The IPO will list on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). ALSO READ: 18 August, 2025 | Indian Stock Market LIVE : The Boom’s here- Nifty tests 25000 levels..
Pricing and Grey Market Premium
The company has priced its shares in a band of ₹315 to ₹332. Investors have already generated interest as grey market trades indicate a premium of ₹63 per share, predicting an optimal listing gain of around 19 percent above the upper price band. This positive sentiment shows strong confidence in the investment potential for Vikram Solar and its market positioning in India’s renewable energy sector.
Key IPO Details
- IPO Dates: 19-21 August 2025
- Lot Size: 45 shares per lot
- Allotment Date: Likely on 22 August 2025
- Listing Date: Expected on 25 August 2025
- Registrar: MUFG Intime India Private Limited
- Lead Managers: JM Financial, Nuvama Wealth Management, UBS Securities India, Equiras Capital, Philip Capital India
ALSO READ: Regaal Resources IPO Allotment Today: Grey Market Premium Signals Strong Stock Market Check Status The IPO permits both retail and institutional participation in the renewables business of India. The allotment process is expected to be swift to allow investors track intentions through the official portals.
Utilization of Proceeds
Vikram Solar intends the funds towards phase-I and phase-II project capital expenditure and general corporate needs. The funds will strengthen the company’s infrastructures, add to manufacturing capacities and add enablement to ongoing lime expansion for renewable areas. ALSO READ: NDSL IPO : NSDL vs CDSL- CDSL’s Edge Gone, Listing Supremacy Ends As of 31st March 2025, Vikram Solar had a return on equity (ROE) level of 16.55% with PAT margins slightly above 4%, while EBITDA margins stood at around 14.35%. Having a market capitalization of ₹12,009.01 crore with a price to book ratio somewhat nearer to 8.50 demonstrates robust financial fundamentals. Its strategic focus on sustainable energy solutions positions it key in India’s green energy transition. Thus, the Vikram Solar IPO is a good opportunity that is beckoning investors to expose themselves to the rapidly growing renewables while helping build India into a clean energy nation. ALSO READ: The New IPO Rules: All You Need to Know
