Price Band
₹315 - ₹332
Lot Size
45
Issue Size
₹2079.37 Cr
GMP
N/A
Subscription
56.42x
IPO Schedule
Open
19 Aug 2025
Close
21 Aug 2025
Allotment
-
Listing
26 Aug 2025
About Vikram Solar
Vikram Solar Limited is a leading solar module manufacturer in India, offering high-efficiency photovoltaic (PV) modules and comprehensive engineering, procurement, and construction (EPC) services for solar projects. They cater to diverse sectors, including residential, commercial, and utility-scale solar installations, both domestically and internationally.
Key Strengths
- Established market position as a leading solar module manufacturer in India.
- Strong focus on technological innovation and high-efficiency module development.
- Diversified product portfolio catering to various solar energy applications.
- Integrated EPC services offering end-to-end solutions for solar projects.
- Growing presence in international markets, expanding revenue streams.
Risk Factors
- •Dependence on raw material prices, particularly polysilicon, which are subject to volatility.
- •Exposure to intense competition from domestic and international solar module manufacturers.
- •Susceptibility to changes in government policies and regulations related to the renewable energy sector.
Valuation Analysis
The IPO is priced at a P/E of 75.16, which appears expensive compared to industry peers, suggesting the valuation is stretched, and investors should carefully consider the company's growth prospects and competitive landscape before investing.
IPO Details
Key Metrics
Growth & Quality
Subscription
Documents
RHP not available