Vikram Solar Share Price: IPO Price Band Set at ₹315-₹332, 14% Below Unlisted Valuation

Market Performance

Vikram Solar share price in the unlisted market has been on a decline since early June, dropping from ₹475 to ₹385 per share.

This mirrors a broader trend seen in other companies where IPO price bands were fixed below grey market valuations.

Main News

Kolkata-based photovoltaic module manufacturer Vikram Solar Ltd has announced its IPO price band at ₹315–₹332 per share, nearly 14% lower than its current unlisted market price of ₹385 per share.

At the upper price band of ₹332, Vikram Solar’s market capitalisation would be approximately ₹14,190 crore.

The IPO will:

• Open: August 19, 2025
• Close: August 21, 2025
• Anchor book opens: August 18, 2025
• Share allotment: August 22, 2025
• Listing date: August 26, 2025

Company Details

Vikram Solar is a leading player in photovoltaic module manufacturing. The decision to set the IPO price band lower than the unlisted valuation follows a similar approach seen in other IPOs, such as Tata Technologies, AGS Transact, UTI AMC, and PB Fintech.

Summary

• Vikram Solar share price in the unlisted market fell from ₹475 to ₹385 since June.
• IPO price band fixed at ₹315–₹332, about 14% below unlisted market value.
• At the upper band, the company’s valuation would be ₹14,190 crore.
• IPO opens August 19 and lists on August 26.