Vikram Solar Limited IPO Review
Neutral315-332 · Mainboard
✦
Analyst Verdict
Vikram Solar Limited IPO
Neutral
IPO at a Glance
Price Band
315-332
Issue Size
2079cr
Min. Investment
₹14,940
Opens
2025-08-17
Closes
2025-08-19
Listing
2025-08-24
Category
Mainboard
Key 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
Key Risks
⚠No long-term contracts with suppliers, making raw material availability uncertain.
⚠Some subsidiaries have reported losses in recent years, which could affect our reputation.
⚠Heavy reliance on Vikram Solar US Inc. for US sales — any disruption may impact business.
⚠Cost estimation errors or delays in EPC projects could harm finances and cash flow.
Frequently Asked Questions
Should I apply for Vikram Solar Limited IPO?
Based on our analysis, our rating for Vikram Solar Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Vikram Solar Limited IPO?
No long-term contracts with suppliers, making raw material availability uncertain. Some subsidiaries have reported losses in recent years, which could affect our reputation. Heavy reliance on Vikram Solar US Inc. for US sales — any disruption may impact business.
What are the strengths of Vikram Solar Limited IPO?
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
What is the price band of Vikram Solar Limited IPO?
The price band for Vikram Solar Limited IPO is 315-332. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more