The opening date for the Patel Retail IPO is August 19, 2025, and it will conclude on August 21, 2025. This IPO is categorized as a Book Build Issue. The company aims to raise approximately ₹242.76 crores through the IPO, which includes a fresh issue of ₹215.91 crores and an offer for sale of up to 10,02,000 equity shares, each with a face value of ₹10.
The price band for the Patel Retail IPO is set between ₹237 and ₹255 per share. The allocation for retail investors is 35%, for Qualified Institutional Buyers (QIB) is 50%, and for High Net-worth Individuals (HNI) is 15%. The Patel Retail IPO is scheduled to be listed on the BSE and NSE on August 26, 2025. The date for the allotment of the Patel Retail IPO is August 22, 2025.
In terms of financial performance, the company reported revenues of ₹825.99 crores in 2025, compared to ₹817.71 crores in 2024. Additionally, the profit for 2025 was ₹25.28 crores, an increase from ₹22.53 crores in 2024. Based on these financial results, it is advisable for IPO investors to consider applying for the IPO with a long-term perspective.
Vikram Solar IPO Details
| IPO Open Date: | August 19, 2025 |
| IPO Close Date: | August 21, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹315 to ₹332 Per Share |
| Issue Size: | Approx ₹2,079.37 Crores |
| Fresh Issue: | Approx ₹1,500 Crores |
| Offer for Sale: | Approx 17,450,882 Equity Shares |
| Lot Size: | 45 Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Vikram Solar IPO Market Lot
The Vikram Solar IPO minimum market lot is 45 shares with ₹14,940 application amount. The retail investors can apply up-to 13 lots with 585 shares of ₹1,94,220 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 45 | ₹14,940 |
| Retail Maximum | 13 | 585 | ₹1,94,220 |
| S-HNI Minimum | 14 | 630 | ₹2,09,160 |
| B-HNI Minimum | 67 | 3,015 | ₹10,00,980 |
Vikram Solar IPO Dates
The Vikram Solar IPO date is August 19 and the close date is August 21. The Vikram Solar IPO allotment will be finalized on August 22 and the IPO listing on August 26.
| IPO Open Date: | August 19, 2025 |
| IPO Close Date: | August 21, 2025 |
| Basis of Allotment: | August 22, 2025 |
| Refunds: | August 25, 2025 |
| Credit to Demat Account: | August 25, 2025 |
| IPO Listing Date: | August 26, 2025 |
Promoters of Vikram Solar IPO
The company's promoters include Gyanesh Chaudhary, the Gyanesh Chaudhary Family Trust, and Vikram Capital Management Private Limited.
About Vikram Solar IPO
Founded in 2009, Vikram Solar Limited is recognized as one of the leading manufacturers of solar panels. The company boasts a significant operational capacity, producing solar photovoltaic (PV) modules that facilitate the nation's transition to renewable energy. Since its inception in 2009, it began manufacturing with a capacity of 12 MW and has expanded to 3.50 gigawatts (GW). The firm primarily focuses on integrating various types and sizes of solar products, including solar panels, inverters, and cleaning systems.
Additionally, this enables the company to evaluate the performance of its new solar panels and assess the quality of other equipment, such as inverters and robotic cleaners. Its projected revenue for 2024 is 25,109.90 million. To meet growing market demand, the company aims to achieve a production capacity of 10.50 GW by FY26 and 15.50 GW by FY27, which includes the establishment of a 3 GW solar cell manufacturing facility in Tamil Nadu. Furthermore, its revenue for 2024 is anticipated to be 25,109.90 million.
Vikram Solar IPO Company Financial Report
The company reported revenue of ₹3,459.53 crores in 2025 against ₹2,523.96 crore in 2024. The company reported profit of ₹139.83 crores in 2025 against Profit of ₹79.72 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,743.05 | ₹1,822.49 | ₹62.94 | ₹2,237.23 |
| 2023 | ₹2,091.91 | ₹2,073.04 | ₹14.49 | ₹2,476.29 |
| 2024 | ₹2,523.96 | ₹2,405.04 | ₹79.72 | ₹2,585.50 |
| 2025 | ₹3,459.53 | ₹3,242.16 | ₹139.83 | ₹2,832.15 |
Vikram Solar IPO Valuation – FY2025
Check Vikram Solar IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 16.57% |
| ROCE: | 24.49% |
| EBITDA Margin: | 14.37% |
| PAT Margin: | 4.08% |
| Debt to equity ratio: | 0.19 |
| Earning Per Share (EPS): | ₹4.61 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 11.26% |
| Net Asset Value (NAV): | ₹39.24 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Premier Energies Limited | 21.35 | 47.01 | 33.21% | 62.61 | 6,652.09 Cr. |
| Websol Energy System Limited | 36.66 | 40.04 | 55.65% | 65.88 | 577.43 Cr. |
| Waaree Energies Limited | 68.24 | 45.79 | 20.09% | 334 | 14,846.06 Cr. |