The preliminary public providing (IPO) of Vikram Photo voltaic obtained a wholesome response on its first day of bidding, August 19, with traders inserting bids for six.91 crore shares towards the entire supply of 4.39 crore shares, leading to an total subscription of 1.57 occasions by the top of Day 1, based on alternate information.
Non-institutional patrons confirmed sturdy curiosity, with their portion subscribed 3.99 occasions, whereas the retail traders’ portion was booked 1.43 occasions. The QIB (Certified Institutional Consumers) portion was subscribed simply 0.02 occasions.
The corporate ₹2,079.37 crore via the providing”>goals to lift ₹2,079.37 crore via the providing, which is a mix of a contemporary problem of 4.52 crore shares aggregating to ₹1,500 crore and a proposal on the market of 1.75 crore shares aggregating to ₹579.37 crore.
The IPO worth band is ready at ₹315 to ₹332 per share. Retail traders can apply for at least 45 shares in a single lot and may apply for as much as 13 heaps. On the higher finish of the IPO worth band, ₹332 apiece, retail traders are required to make a minimal funding of ₹14,940 per lot.
The corporate proposes to make use of the proceeds from the difficulty in direction of partial funding of capital expenditure for the Part I Challenge, funding of capital expenditure for the Part II Challenge, and basic company functions.
The allotment of shares is predicted to be finalized on August 22, 2025, with a tentative itemizing on each the BSE and NSE scheduled for Tuesday, August 26, 2025.
About Vikram Photo voltaic
The corporate, a producer of photo voltaic photovoltaic modules, started operations in 2009 with an put in capability of 12.00 MW, which has now grown to 4.50 GW. To cater to rising demand, it’s executing vital greenfield and brownfield growth tasks, aiming to extend put in photo voltaic PV module manufacturing capability to fifteen.50 GW by FY2026 and 20.50 GW by FY2027.
The corporate serves a broad home shopper base, together with NTPC, NLC India, GIPCL, and main personal IPPs corresponding to Adani Inexperienced, AMPIN Power, Azure Energy, and JSW Power. Internationally, it caters to marquee gamers like PureSky Growth and Sundog Photo voltaic, with exports contributing 21.63% of income in FY2023, 61.58% in FY2024, and 1% in FY2025.
As of March 31, 2025, the corporate’s order e book stood at 10,340.82 MW, 2.3 occasions its complete rated capability, with 6,424.93 MW below execution and three,915.89 MW but to be executed.
Wanting on the financials, it reported a income of ₹3,423 crore in FY25 as towards ₹2,511 crore in FY24 and ₹2,073 crore in FY23. The web revenue has surged to ₹139.83 crore in FY25 from ₹79.72 crore in FY24 and ₹14.49 crore in FY23, with the PAT margin enhancing to 4.08% from 3.17% and 0.70%, respectively.
Disclaimer: This story is for instructional functions solely. The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint. We advise traders to test with licensed consultants earlier than making any funding choices.
