Vikram Solar IPO: The public issue of Vikram Solar, which makes Solar Photovoltic (PV) module, is going to open on August 19. Closing will be on 21 August. The company intends to raise Rs 2079.37 crore. In IPO, you can bid at a price of Rs 315-332 per share and in a lot of 45 shares. In this issue, 4.52 crore new shares worth Rs 1500 crore will be issued. Also, an offer of 1.75 crore shares worth Rs 579.37 crore will be offered for sale from existing shareholders.
Anchor investors will bid on 18 August. After the public issue is closed, the allotment will be finalized on 22 August. Company shares may be listed on BSE, NSE on 26 August. JM Financial Limited for IPO is the book running lead manager. Mufg Intime India Pvt. Ltd. Is the Registrar.
How much share in IPO
Vikram Solar promoters Gyanesh Chaudhary, Gyanesh Chaudhary Family Trust and Vikram Capital Management Private Limited. 50 percent of the IPO is reserved for qualified institutional buyers, 15 percent for non -institutional investors and 35 percent for retail investors. The company will use the earnings to be released by releasing new shares in its public issue and for the funding of capital experts and for general corporate purposes.
Vikram Solar’s financial health
Vikram Solar Ltd. In FY 2025, revenue increased by 37 percent to Rs 3459.53 crore. It was Rs 2523.96 crore a year ago. The net profit was recorded at Rs 139.83 crore with an increase of 75 percent, which was Rs 79.72 crore in FY 2024. Ebitda rose over 23 percent to Rs 492.01 crore, while it was Rs 398.58 crore a year ago.
According to Investorgain.com, the company’s shares in the gray market are trading at a premium of Rs 332 from Rs 332 to Rs 63.5 or 19.13 percent. The gray market is an unauthorized market where shares of a company trades it till its listing.
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