Is trading in VIkram Solar IPO's unlisted shares legal in India?

Yes trading in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market through various platforms like Sharescart.com.

Is unlisted shares regulated by SEBI?

No, SEBI does not regulate the unlisted share market but certain rules and regulations of SEBI are applicable in the unlisted market space as well, such as, the DP charges for each transaction, stamp duty, lock-in period and more.

How can I buy VIkram Solar IPO's unlisted shares?

Step 1 - Confirm quantity and price. Step 2 - Submit CMR and KYC documents. Step 3 - Transfer trade amount. Step 4 - Shares credited within 24 hours.

What is the minimum ticket size for investment in Vikram Solar Limited IPO unlisted shares?

The minimum investment is between 35,000 to 42,000 based on current price and lot size.

What is the tax on Vikram Solar Limited IPO?

STCG (under 24 months) taxed as per slab. LTCG (over 24 months) at 12.5% without indexation.

What is the lock-in period of Vikram Solar Limited IPO shares?

6 months from date of listing for retail investors, as per SEBI's revised rule from August 2021.

How to check Vikram Solar Limited IPO unlisted share price daily?

Visit Sharescart.com daily or register for WhatsApp price alerts.

VIkram Solar IPO Unlisted Share Price : Buy/Sell Online In India

Q: Where can I get the best Vikram Solar Limited IPO unlisted share price?

You will get the best price for Vikram Solar Limited IPO and a hassle-free buying experience only on Sharescart.com platform.

Q: How can I sell Vikram Solar Limited IPO unlisted shares?

Step 1 - Confirm shares and price. Step 2 - Sharescart finds a buyer. Step 3 - Transfer shares with documents. Step 4 - Payment within 24 hours.

Q: How to check if Vikram Solar Limited IPO shares are credited to my account?

Download NSDL Speede App or CDSL myeasi, register with your DP ID and Client ID, and check your Dashboard for all holdings.

380 investors tracking

Company Overview

VIkram Solar IPO Unlisted Share

INE078V01014

Vikram Solar Limited was established in 2006. With a presence in solar photovoltaic modules, engineering, procurement, and construction services, as well as operations and maintenance services, it is now the largest domestic PV module manufacturer and integrated solar energy solutions provider. They have a strong global presence on all six continents and actively contribute to the development of the solar revolution. High-efficiency mono-crystalline and polycrystalline silicon photovoltaic modules are produced by Vikram Solar. They have three manufacturing facilities in Tamil Nadu and West Bengal. The Company was established to support India's ambitions in the field of renewable energy. Vikram Solar toiled for the creation of a more resilient and sustainable planet for future generations even before the country became vocal for local manufacturing.

Vikram Solar Limited IPO's Unlisted Share Price is updated daily on our platform. Stay informed — visit regularly or sign up for WhatsApp price alerts.

Speak to an expert about VIkram Solar IPO

Current Price

₹385.00

per share

Lot Size

100

Min. Investment ₹38,500

Chat on WhatsApp

Key Financials

VIkram Solar IPO Key Metrics

Market Cap

₹13926Cr.

Current Price

₹385

Lot Size

100

Stock P/E

99.6

52W High

₹0

52W Low

₹0

EPS

3.87

Book Value

₹34.3

P/B

11.2

Face Value

₹10

Debt / Equity

0.19

No. of Shares

36.17Cr.

ISIN

INE078V01014

Demat Req.

Both

Company Rating

Valuation

Research & News

VIkram Solar IPO Coverage

8 items

News 07 Aug 2025

Vikram Solar bags 250 MW order from Bondada Group for Maharashtra solar project

News 05 Jun 2025

₹1,500 Cr IPO Alert: Vikram Solar’s Big Green Bet

Article 07 Mar 2025

Unlisted Shares To Buy In 2025

News 04 Feb 2025

Vikram Solar: Among Indias Top 5, with 3.5 GW capacity and rising

News 04 Oct 2024

Vikram Solar Files DRHP for Rs 1,500 Crore IPO to Fuel Growth

News 20 Aug 2024

Vikram Solar Launches SURYAVA High-Efficiency Bifacial Solar Module with HJT Technology

News 20 Jun 2024

Vikram Solar secures a major contract to supply

News 11 Jun 2024

Viney Equity Market co-leads Rs 715 cr investment in Vikram Solar

Discussion Board

VIkram Solar IPO — Investor Discussion

7 comments

Bharti

Hi want to buy

| | 1 years

Manika Bhalla

Hello Bharti, if you are interested in buying vikram solar then please contact our team +91 92895 26490, they will assist you further.

| | 1 years

Girish B

When is the ipo coming

| | 1 years

Harsh Rajuka

Hi Girish, Vikram solar has received SEBI's approval for the IPO in May 2025. There is no such official date announced by the company, but stay tuned the IPO shall come out shortly.

| | 1 years

Girish Patel

WHEN SHARE CREDIT IN MY DEMATE ACCOUNT

| | 1 years

Harsh Rajuka

Hi Girsih, it usually takes T+2 days for the shares to be credited.

| | 1 years

Girish B

Any news on IPO dates

| | 1 years

Harsh Rajuka

Hi, Girish B as per latest reports Vikarm solar IPO issue will comprise of fresh issue of ₹1,500.00 crore and offer for sale of 1.75 crore shares. The
IPO dates are yet to be announced.

| | 1 years

Girish B

Vikram Solar awarded " Top Brand PV India 2025 title" from Germany's EUPD Research.

| | 1 years

Harsh Rajuka

That's really great, it gives India Global recognition

| | 1 years

Sumit Sehgal

Is it available

| | 1 years

Girish B

I have shares
Let me know if you are looking for it

| | 1 years

suraj singh Singh

| | 1 years

Financials

VIkram Solar IPO Financial Data

All figures are in Crores (₹)

	FY21	FY22	FY23	FY24	FY25	YOY % FY25	CAGR % FY25
Net Sales	1610.1	1730.3	2073.2	2511	3423.5	36.3	20.8
Other Income	17.5	12.7	18.7	13	36.1	177.7	19.8
Total Income	1627.6	1743	2091.9	2524	3459.5	37.1	20.7
Operating Profit	194.5	71.4	204.9	399.9	682.8	70.7	36.9
Interest	99.5	102.9	122	154.6	154.7	0.1	11.7
Depreciation	38.8	48	63.9	138	156	13	41.6
Total Expenditure	1571.4	1822.5	2073	2405	3242.2	34.8	19.9
Exceptional Income	0	0	0	-11.6	0	-100	-100
PBT	56.2	-79.4	18.9	107.3	217.4	102.6	40.2
TAX	18	-16.5	4.4	27.6	77.5	180.8	44
PAT	38.2	-62.9	14.5	79.7	139.8	75.4	38.3
EPS	1.06		0.4	2.2	3.87	75.9

	FY21	FY22	FY23	FY24	FY25	YOY % FY25	CAGR % FY25
Shareholder Funds	414.4	351.3	365.2	445.4	1242	178.9	31.6
Total Debt	620.8	703.1	737.8	808.3	230.7	-71.5	-21.9
Current Liabilities	0	0	0	0	0	0	0
Non Current Liabilities	0	0	0	0	0	0	0
Total Liabilities	1798.1	2237.2	2476.3	2585.5	2832.2	9.5	12
Current Assets	0	0	0	0	0	0	0
Non Current Assets	0	0	0	0	0	0	0
Total Assets	1798.1	2237.2	2476.3	2585.5	2832.2	9.5	12

	FY21	FY22	FY23	FY24	FY25	YOY % FY25	CAGR % FY25
Cash Flow From Operating Activities	0	0	0	0	0	0	0
Cash Flow From Investing Activities	0	0	0	0	0	0	0
Cash Flow From Financing Activities	0	0	0	0	0	0	0
Free Cash Flow	0	0	0	0	0	0	0

	FY20	FY21	FY22	FY23	FY24	FY25	YOY % FY25	CAGR % FY25
ROE(%)	6.2	9.2	-17.9	4	17.9	11.3	-36.9	12.8
ROCE(%)	18.9	18.8	6.8	18.6	31.9	46.4	45.5	19.7
ROA(%)	1.4	2.1	-2.8	0.6	3.1	4.9	58.1	28.5

Type	Period / Date	Document
Annual Report	2024-03
Annual Report	2023-03
Annual Report	2022-03
Annual Report	2021-03
Annual Report	2020-03
Annual Report	2019-03

Type	Period / Date	Document

Type	Period / Date	Document
RHP	2025-03
DRHP	2024-03

Net Sales (in cr.)

Total Income (in cr.)

Net Profit (in cr.)

Operating Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

No Data Found

Frequently Asked Questions

VIkram Solar IPO Unlisted Shares: FAQs

1 Is trading in Vikram Solar Limited IPO's unlisted shares legal in India?

Yes, trading in unlisted shares is entirely legal in India. It takes place in the over-the-counter (OTC) market through platforms like Sharescart.com, operating within the framework of applicable regulations.

2 Are unlisted shares regulated by SEBI?

SEBI does not directly regulate the unlisted share market, but several SEBI rules still apply — including DP charges, stamp duty, and lock-in periods. Transactions are conducted in compliance with applicable securities laws.

3 Where can I get the best Vikram Solar Limited IPO unlisted share price?

Sharescart.com offers the most competitive and transparent pricing for Vikram Solar Limited IPO unlisted shares, with daily price updates and expert guidance throughout the process.

4 How can I buy Vikram Solar Limited IPO's unlisted shares?

Purchasing is simple and takes just a few steps:

Step 1 — Confirm the quantity and trading price of Vikram Solar Limited IPO shares you wish to buy.

Step 2 — Submit your Client Master Report (CMR) and any additional KYC documents (PAN, cancelled cheque) if needed.

Step 3 — Transfer the trade amount to the bank account details shared by Sharescart.com.

Step 4 — Shares will be credited to your Demat account within 24 hours of payment confirmation.

5 How can I sell Vikram Solar Limited IPO unlisted shares?

Step 1 — Confirm the number of shares and target selling price.

Step 2 — Sharescart will match you with a suitable buyer and notify you once a trade is agreed upon.

Step 3 — Transfer your shares to the provided Demat details along with required documents (CMR copy, DIS slip).

Step 4 — Payment is credited to your bank account within 24 hours of share receipt.

6 What is the minimum investment size for Vikram Solar Limited IPO unlisted shares?

The minimum investment size is currently between ₹35,000 – ₹42,000 for Vikram Solar Limited IPO, based on the current lot size and live price. This has become increasingly accessible as the unlisted market has grown.

7 How to check if Vikram Solar Limited IPO shares are credited to my Demat account?

Your shares are held by either NSDL or CDSL. To verify:

Download NSDL Speede App (NSDL) or CDSL myeasi (CDSL)
Register using your DP ID and Client ID
Log in and check your Dashboard — all holdings (listed, unlisted, MF) will be visible

8 What is the tax treatment on Vikram Solar Limited IPO unlisted shares?

Short-Term Capital Gain (held < 24 months): Taxable as per your income tax slab rate.

Long-Term Capital Gain (held ≥ 24 months): Taxable at 12.5% without indexation benefits.

After listing (IPO), standard listed-share tax rules apply — STCG at 20% (under 12 months) and LTCG at 12.5% above ₹1.25 lakh.

9 What is the lock-in period for Vikram Solar Limited IPO shares?

SEBI revised the lock-in period (effective Aug 2021) — reduced from 1 year to 6 months to encourage pre-IPO investment:

Foreign Venture Capital Investors — 6 months from procurement date
AIF Category II — No lock-in period
Other investors (retail, HNI, corporates) — 6 months from date of listing

10 How to track Vikram Solar Limited IPO unlisted share price daily?

Visit this page on Sharescart.com for daily price updates, or register your phone number to receive daily WhatsApp alerts with price changes, news, and expert commentary on Vikram Solar Limited IPO.