Vikram Solar
IPO Timeline
Issue open date
19 Aug 2025Issue close date
21 Aug 2025UPI mandate deadline
21 Aug 2025Allotment finalization
22 Aug 2025Refund initiation
25 Aug 2025Share credit
25 Aug 2025Listing date
26 Aug 2025Mandate end date
8 Aug 2025Lock-in end date for anchor investors (50%)
21 Sep 2025Lock-in end date for anchor investors (remaining)
20 Nov 2025Grey Market Premium Trend
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 18 Aug | ₹54 | ₹386 | 16.27% |
| 17 Aug | ₹54 | ₹386 | 16.27% |
| 16 Aug | ₹68 | ₹400 | 20.48% |
| 15 Aug | ₹64 | ₹396 | 19.13% |
| 14 Aug | ₹60 | ₹392 | 18.07% |
| 13 Aug | ₹57 | ₹389 | 17.17% |
| 12 Aug | ₹68 | ₹400 | 20.48% |
| 11 Aug | ₹69 | ₹401 | 20.78% |
| 10 Aug | ₹0 | ₹332 | 0.00% |
Key Dates
Quick Stats
Issue Details
About the Company
Incorporated in 2005, Vikram Solar is one of India’s largest solar photovoltaic (PV) module manufacturers with an installed capacity of 3.50 GW as of March 31, 2024. Backed by over 15 years of industry experience, the company provides high-efficiency PV modules, EPC, and O&M services to domestic and global markets. Its clients include National Thermal Power Corporation (NTPC), Neyveli Lignite Corporation, ACME, and Azure Power. With facilities in West Bengal and Tamil Nadu, Vikram Solar is recognised for innovation, Tier-1 BloombergNEF ranking, and extensive Approved List of Models and Manufacturers (ALMM) enlistment, positioning it as a trusted partner in India’s renewable energy transition.
Strengths
- One of India’s largest solar PV module manufacturers (3.50 GW capacity)
- Strong R&D and quality control systems
- High technical expertise in solar PV module manufacturing
- Established presence in domestic and international markets
- Strong brand recognition and loyal customer base
- Deep understanding of customer needs and focus on product quality
Risks
No risks provided as of now. Please check back later.
Vikram Solar IPO – Frequently Asked Questions
- The price band for the Vikram Solar IPO is set at ₹315 to ₹332 per share.
- The Vikram Solar IPO opens on August 19, 2025 and closes on August 21, 2025.
- The tentative listing date for the Vikram Solar IPO is August 26, 2025.
- You can apply for the Vikram Solar IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Vikram Solar, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Vikram Solar IPO is 45 shares. Investors must apply for at least one lot (i.e., 45 shares).