Vikram Solar IPO: Kolkata -based solar module maker Vikram Solar is bringing its IPO next week. Vikram Solar, one of the major solar energy sector companies, is releasing a fresh issue of ₹ 1,500 crore. This IPO will open on August 19 and can be subscribed by 21 August. The anchor book of this IPO will open on 18 August. The company has not yet announced the price band for its IPO, but according to market experts, it is expected to be around ₹ 400- ₹ 420 per share.
Issu Size and GMP
New shares worth ₹ 1,500 crore will be issued in Vikram Solar IPO. Apart from this, there will also be an offer-for-cell (O.S) of 1.7 crore shares. The shares of Vikram Solar shares will be allotted on August 22 and its listing on the stock exchange will be on 26 August. According to IPO market experts, GMP of Vikram Solar in the gray market is ₹ 53.
What will the company do for the money received from IPO?
The company will use the funds from the IPO for their expansion plans. Out of this, ₹ 769.7 crore will be used to estimate 3,000 MW solar cell and 3,000 MW solar module manufacturing facility in Tirunelveli, Tamil Nadu. At the same time, ₹ 595.2 crore will be used to double the module manufacturing capacity under Phase-II. The rest of the funds will be used for general corporate purposes.
How is the company’s financial health?
Vikram Solar currently has a 4.50 GW solar PV module production capacity in two units in Kolkata and Chennai. The company plans to increase it to 15.50 GW by the financial year 2026 and 20.50 GW by the financial year 2027. Talking about its financial performance, the company earned a profit of ₹ 139.8 crore in the financial year 2025, which is the previous year’s ₹ 79.7 crore more than 75.4%. During the same period, revenue increased by 36.3% to ₹ 3,423.5 crore.
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