Vikram Solar is a solar manufacturing company that has filed for an initial public offering. The IPO is set to open on August 19, 2025. Ahead of the IPO the company raised ₹620.8 crore from anchor investors, allocating 1.87 crore equity shares at ₹332 each on August 18. The filing lists a mix of domestic mutual funds, foreign portfolio investors and insurance companies among the anchor subscribers. Anchor investors named in the filing include BNP Paribas, Citigroup, Franklin Templeton Mutual Fund, Goldman Sachs, HSBC, ICICI Prudential Life, Kotak Mutual Fund, Morgan Stanley, Nippon Mutual Fund, Singularity Equity Fund I, SBI General Insurance and Tata Mutual Fund. The company said the anchor book reflects a good mix of investor types; the article does not disclose operating metrics or prior funding details.

Total raised

$71M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2025