Vikram Solar’s IPO May Come in August | IPO of Vikram Solar may come in August: Company chairman said- Products will be cheap due to strengthening supply chain, read full interview

Vikram Solar is one of India’s top solar photovoltaic (PV) module -making companies. It was made by Gyanesh Chaudhary in the year 2005.

Vikram Solar IPO may come in August. The company filed its DRHP near SEBI on 30 September 2024. It was approved on 29 May 2025.

The company makes solar panels as well as solar energy solutions, engineering, procurement and construction (EPC) services and operation-ministry (O&M) services.

Prior to this IPO, he spoke to the company’s chairman and MD Gyanesh Chaudhary. Here we are telling parts of the conversation with them and the details of the upcoming IPO …

Question 1: India has crossed the 100 GW solar capacity figure. How big is this achievement?

answer: This is really a huge success. Until a few years ago, no one could think that India would go so far in solar energy so soon. This is not only a matter of meeting our energy needs, but it shows that India is now on the way to become self -sufficient in clean technology. It is a matter of pride that our solar industry is now making its place in the world.

India achieved a historical achievement in February 2025 by crossing the 100 GW established solar energy capacity.

Question 2: What is solar manufacturing ecosystem and why is it so important?

answer: See, solar manufacturing is not limited to making solar panels just. There is a complete supply chain behind it- all components such as polycylicon, ingots, wafers, sales, modules and balance of system (BOS). If we want true self -sufficiency, then all these things should be produced in India itself.

Right now we are making modules to a large extent, but the rest depend on imports for components. If we strengthen the entire supply chain, then not only will our cost be low, but we can also become big exporters of solar products in the world.

Question 3: How much has the policies of the Government of India support this sector?

answer: The role of the government has been very important. Basic Customs Duty (BCD), Approved List of Models and Manufacturers (ALMM) and Production-Link In-In-In-In-In-In-In-In-Innovation Scheme have given a big boost to Indian companies. Due to these policies, manufacturers like us have been encouraged to increase their production capacity and invest in new technology. But more work is yet to be done.

For example, PLI’s money is received on time, inclusion of new technology in ALMM and further strengthening infrastructure. All this will take the solar sector to the next level.

Question 4: You talked about self -sufficient India. How close is we in the solar sector?

answer: Earlier we were completely dependent on imports for solar products, but today the manufacturing of solar modules in India is increasing rapidly. Many indigenous players like Vikram Solar are now sending their products to 32 countries. But right now we have to increase our production for critical components like polysilicon and wafers. For this we need strong financial support, logistics and skilled manpower. If all this happens in the right direction, then India can become the leader of the world in solar technology.

Question 5: How much is the capacity of Vikram Solar and what is the plan next?

answer: Our manufacturing capacity is currently 3 gigawatts and we are planning to take it to 6 GW. Apart from this, we are also setting up a new 3 gigawatt solar cell and module plant through our subsidiary Vsl green power. Our focus is that the products made in India should not only be the best in quality, but also compective at the price.

The company has two major manufacturing plants in Falta in West Bengal and Paniyar in Tamil Nadu. This picture is from the Orgadam plant in Tamil Nadu.

Question 6: What are the challenges in the solar sector and how will they be resolved?

answer: There are challenges. For example, problems in global supply chains, raw material prices fluctuations and competition. In addition, we have to improve skilled workforce and logistics.

Talking about the solution, the government and the industry will have to work together. Solar parks, regional manufacturing hubs and skill development programs can bring major changes in this direction. Also, we have to emphasize on research and development in new technology, so that our products can survive in the global market.

Question 7: What is your message for investors and common people?

answer: Solar energy is the future of India and this is a sector in which there is no shortage of growth. My message for investors is to understand the potential of the solar sector and invest in a smart way. I would ask the common people to adopt solar energy. This is not just a matter of saving electricity, but it is a matter of improving our country and environment.

Question 8: Last question, what is the next big step of Vikram Solar?

answer: Our focus is to make India a global leader in solar manufacturing. We are investing in new technology and research along with increasing our production capacity.

Our recent IPO is a major part of it. Through this we will create new facilities and strengthen the supply chain. We want India to be at the forefront of the world in solar technology.

Vikram Solar is investing in new technology and research along with increasing production capacity.

IPO details: How big is this offer?