211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Vikram Solar Limited IPO Peer Comparison

Vikram Solar IPO is a MainBoard IPO coming on BSE,NSE with an IPO size of 2,079.37 Cr. .
This IPO falls under the Solar - Panels sector, which has seen 2 IPOs to date. Key sector metrics such as average PE ratio, IPO size, EBITDA margin, and PAT margin are compared below with the figures from the Vikram Solar IPO.

Vikram Solar
IPO Details


IPO Industry -
Solar - Panels

IPOs So Far: 2

Issue Size (IPO)

₹ 2,079.37 Cr.

Total Fund Raised

₹ 4,909.77 Cr.

Average Issue Size

₹ 2,454.89 Cr.

PE Ratio (IPO)

85.88 x

Average PE Ratio

55.74 x

EBITDA Margin (IPO)

15.43 %

Average EBITDA Margin

18.87 %

PAT Margin (IPO)

4.08 %

Average PAT Margin

7.98 %

Vikram Solar
IPO Details

IPO Industry

Solar - Panels

IPOs So Far 2


IPO Fund Raised

₹ 2,079.37 Cr.

Total Fund Raised

₹ 4,909.77 Cr.

Average Fund Raised

₹ 2,454.89 Cr.

IPO PE Ratio

85.88 x

IPO EBITDA

15.43 %

IPO PAT

4.08 %

Average PE Ratio

55.74 x

Average EBIDTA

18.87 %

Average PAT

7.98 %

Peer Companies of Vikram Solar IPO as Per DRHP

Vikram Solar IPO Peer Comparison with key metrics mentioned in the DRHP.

Company Name
Total Income
FV
CMP
PE
Basic EPS
Diluted EPS
RoNW %
NAV
Net Worth
Market Capitalization
3459.52
10
4.61
4.60
11.26
39.24
1241.98
14846.06
10
3112.10
45.79
68.24
67.96
20.09
334
9595.28
89505.40
6652.08
1
1003.60
47.01
21.35
21.35
33.21
62.61
2822.10
45239.71
Websol Energy System Limited
577.43
10
1448.30
40.04
36.66
36.17
55.65
65.88
278
6112.74
Company Name Total Income FV CMP PE Basic EPS Diluted EPS RoNW % NAV Net Worth Market Capitalization
Vikram Solar Limited 3459.52 10 4.61 4.60 11.26 39.24 1241.98
Waaree Energies Limited 14846.06 10 3112.10 45.79 68.24 67.96 20.09 334 9595.28 89505.40
Premier Energies Limited 6652.08 1 1003.60 47.01 21.35 21.35 33.21 62.61 2822.10 45239.71
Websol Energy System Limited 577.43 10 1448.30 40.04 36.66 36.17 55.65 65.88 278 6112.74
Notes

Sources: Our Company – Based on the Restated Consolidated Financial Information as at and for the financial year ended March 31, 2025. Listed peers – The financial information for listed industry peers mentioned above is on a consolidated basis and is sourced from the financial statements for the financial year ended March 31, 2025 submitted to the Stock Exchange or published in their websites.

All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports/ financial statements and investor presentations for the year ended March 31, 2025 submitted to the Stock Exchanges.

P/E ratio has been computed based on the closing market price of equity shares on NSE on August 11, 2025 divided by the diluted EPS for the year ended March 31, 2025.

Net asset value per Equity Share (₹) = Net worth at the end of the year divided by the number of Equity Shares outstanding at the end of the year.

RoNW = Profit/ (loss) for the year divided by the net worth at the end of the year.

Net Worth means the aggregate value of the paid up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, but does not include reserves created out of revaluation of assets, write back of depreciation and amalgamation, in accordance with Regulation 2(1)(hh) of the SEBI ICDR Regulations.

Net worth for peer represents the total equity as mentioned in their annual reports for the relevant year submitted to the Stock Exchange.

Peer Comparison of Vikram Solar IPO in This Sector

You can do performance analysis for Vikram Solar IPO with Listed IPOs in the Solar - Panels sector and review their IPO performance based on Merchant banker, Listing price, IPO Valuation and other metrics.

Select Listed IPO for Comparison:
Basis
Vikram Solar IPO
vs
vs
vs

IPO Date
26th Aug 2025


IPO Size
₹ 2,079.37 Cr.

Total Assets
₹ 2,832.15 Cr.

Revenue
₹ 3,423.45 Cr.

PAT
₹ 139.83 Cr.

PAT Margin
4.08 %

Leverage Ratio
0.19 x

PE Multiple
85.88 x

EV/EBITDA
23.10 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

IPO Performance Report of Solar - Panels Sector

This IPO report captures the post-listing performance of IPOs in the Solar - Panels sector, featuring key metrics like offer price, listing gain, and CMP to help investors assess return potential and sector sentiment.

NAME OFFER PRICE LISTING PRICE LISTING GAIN CMP CMP %
Vikram Solar IPO
Financial Report >>
₹ 332.00 ₹ 338.00 1.81% ₹ 320 -4%
Premier Energies IPO
Financial Report >>
₹ 450.00 ₹ 839.65 86.59% ₹ 1,019 126%

Sector wise IPO Performance Report Available >>

Vikram Solar IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

Listed Peers IPO Details

Vikram Solar Limited
26th August 2025
IPO Size : 2079.37 Cr.
Waaree Energies Limited
28th October 2024
IPO Size : 4321.44 Cr.
Premier Energies Limited
3rd September 2024
IPO Size : 2830.40 Cr.
Websol Energy System Limited
[●]
IPO Size : [●]
Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Explore Other DRHPs

Vikram Solar Limited

  Solar - Panels

  Kolkata


Premier Energies Limited

  Solar - Panels

  Hyderabad


Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

FAQs of Vikram Solar IPO

Who are the peers of Vikram Solar IPO

The peers of Vikram Solar , include other listed companies operating in the (Solar - Panels) segment. These peer companies typically offer similar services Some of the notable peers as per the DRHP of this company are Vikram Solar Limited , Waaree Energies Limited , Premier Energies Limited , Websol Energy System Limited
See the complete list of current IPO

What is Peer Comparison in IPO Analysis?

Peer Comparison is the method of evaluating an entity by comparing its performance, size of business form other entities operating in same industry or sector. It involves financial analysis by comparing key financial metrics like Profitability, Net worth, Market Capitalization and Leverage IPO Performance tracker

Why Peer Comparison is important for IPO Review?

Peer comparison helps to identify companies in the same sector with a similar business. It helps to compare the financial performance and valuation against its listed peers. An investor or an analyst can decide whether the IPO price is justified when compared to its peers. An investor can make informed decision whether to apply to IPO or not on basis of peer comparison. Know the process of DRHP and Peer companies Information required to be disclosed in DRHP.

As of now 2 IPOs are listed in this sector indicating strong growth in this sector. Choosing the best IPO depends on factors like, financial performance, valuation, market trends and future growth plans. IPO Review and performance.

What is a good PE ratio for an Solar - Panels company?

A good PE Ratio for Solar - Panels sector depends on various factors like, performance of the company, market conditions, company valuation and IPO Size. PE Ratio varies from sector to sector and company to company. Know the average PE Multiple in each sector.

How many companies are listed in the Solar - Panels sector?

Currently 2 companies are listed under Solar - Panels sector. Based on the latest data from the Stock Exchanges. Choose the Best Merchant Banker from the Merchant Banker List

Is Vikram Solar IPO good in comparison with its competitors?

Performance of companies depends on various factors like, profits, future plans, Market share, PE Ratio etc. By assessing these factors investor can make better investment decisions.Vikram Solar Peer comparison provides IPO analysis of companies listed in this sector, on the basis of different Key performance indicators (KPI)like, Listing Gain of peers, current market price, PE Ratio and IPO Size.

Which are the Upcoming IPO in the Solar - Panels sector?

Upcoming IPO refers to companies which have filed their DRHP with the Stock exchange and are awaiting approval from NSE or BSE 2 companies have filed their DRHP for IPO under Solar - Panels sector. .New IPO 2025-2026 and Upcoming IPO

How to calculate the PE multiple based on your sector?

PE Multiple is a metrics that is widely used for IPO Valuation. Merchant bankers in coordination with the company decides the PE Multiple.The PE Multiple depends on various factors and it should be analyzed in coordination with other financial metrics. Know the PE ratio of your company with PE Calculator provided by IPOplatform

Explore Other DRHPs

Vikram Solar Limited

  Solar - Panels

  Kolkata


Premier Energies Limited

  Solar - Panels

  Hyderabad


Read more details of this IPO

Peer Companies Of This Sector

FAQs

Vikram Solar operates in Solar - Panels and Largest Solar Photo-voltaic (PV) Modules Manufacturers In Terms Of Installed Capacity. The Issue is listed on BSE,NSE in Aug, 2025. Vikram Solar IPO size was 2079.37 with Issue price of 332.00 .

Merchant Banker(s) of Vikram Solar IPO: Equirus Capital Private Limited , Jm Financial Limited , Nuvama Wealth Management Limited , Ubs Securities India Private Limited , PhillipCapital (India) Private Limited

Vikram Solar IPO subscription was 56.42 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Vikram Solar IPO listed at a listing price of 338.00 against the offer price of 332.00.

The current market price of Vikram Solar is 320.20.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency