
Vikram Solar's new TVC promotes a brighter future driven by solar energy
Vikram Solar
, one of India's
solar PV module manufacturers
, has launched its first ever TVC ad campaign — '
Khushiyon Wali Sunshine
'.
The launch marks the first of many efforts by the brand to penetrate the growing energy market in the country.
At the heart of this debut TVC is a simple yet powerful message- that with Vikram Solar, every challenge finds a seamless, caring solution.
The film showcases a spirited young protagonist who uses this simple word – Hanji, that becomes a powerful metaphor for assurance, care, and the brand's promise of a dependable energy solution.
Set in a serene hill town, the film follows a local family hosting guests, with their youngest member eagerly taking on every little responsibility, responding to every request with a cheerful 'Hanji'—a word that quietly reassures, 'I am here for you.'
Through everyday moments- adjusting lights, ensuring comfort and anticipating needs, the narrative subtly highlights how Vikram Solar powers every corner of the home. The child's gentle affirmation becomes much more than a reply, it establishes that with every ray of sunshine, Vikram Solar is lighting up lives—one 'Hanji' at a time.
'Khushiyon Wali Sunshine' is more than an ad. It's a celebration of Vikram Solar's vision to touch lives - highlighting how households and businesses can transition from traditional energy sources to efficient
solar solutions
, the company stated in a press release.
The 'Khushiyon Wali Sunshine' ad film is now live across multiple TV channels, digital platforms and other media, supported by an integrated strategy that includes social media activations as well.
Gyanesh Chaudhary
, chairman and managing director, Vikram Solar, said, 'With 'Khushiyon Wali Sunshine,' we aim to inspire individuals and businesses to adopt
clean energy
not just as a necessity, but as a joyful, forward-looking choice. This campaign reflects our continued commitment to innovation, reliability, and building a brighter, greener tomorrow.'
Vikram Solar launched this brand campaign 'Khushiyon Wali Sunshine', aimed at championing clean energy with a human touch, it added.
Building on the momentum, the campaign now expands to include Vikram Solar's first-ever TVC, bringing the message of
sustainable living
and everyday joy to a wider national audience.
Watch the video here:

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Mint
9 hours ago
- Mint
Vikram Solar IPO: Can India's photovoltaic module maker outshine its peers?
India's solar story is shining brighter than ever. In just over a decade, the country has leapt from a modest 2.6 GW of installed capacity in 2014 to an impressive 84.27 GW today—making it the world's fifth largest solar producer. This is a reflection of India's commitment to cleaner energy, driven by supportive government policies, bold renewable targets, and massive investments. For investors, the sector's growth has already rewarded early movers, but the expansion story is far from over. Rising demand, global supply chain shifts, and policy support are paving the way for new leaders. Amid this focus on solar space, the much-awaited Vikram Solar IPO has grabbed significant attention. Vikram Solar is a solar photovoltaic module manufacturer with 16 years of experience. Its primary business is to manufacture solar PV modules for use by customers across a range of industries. The company also provide EPC and O&M services. Solar PV Modules The company's product line features three main types of solar PV modules: They are marketed under the Suryava, Paradea, and Hypersol brands to cater to different applications and customer requirements. EPC With over a decade of EPC experience, Vikram Solar has completed or is currently executing more than 200 solar projects across 19 states and two union territories, delivering a cumulative installed capacity of 1.41 GW as of 31 March 2025. The EPC team oversees the entire project journey—from concept and design to commissioning, often using Vikram Solar's own modules to ensure quality and efficiency. Rooftop The company has delivered or is working on 214rooftop solar projects for both public and private sector clients. Spread across multiple geographies and industries, these projects have a combined capacity of 114 MW. O&M Services Vikram Solar has built a strong O&M division dedicated to helping customers maximise the performance and lifespan of their solar assets. These services, often bundled with EPC projects are provided through its affiliate, VSL Renewable Services Private Limited (formerly VP Utilities & Services Private Ltd), and cover the complete lifecycle of a solar installation. What's behind the hype for this IPO? The distribution strategy focuses on high-demand regions—Western, Northern, and Southern India—managed by regional cluster heads and territory managers to ensure deep market penetration. IPO Details and Structure For small non-institutional investors applicants, the minimum investment is ₹209,160 (14 lots). For big non-institutional investors, it is ₹1,000,980 (67 lots). The IPO comprises a fresh issue of ₹2,080 crore, comprising an issuance of 4.5 crore shares, to raise ₹1,500 crore, along with an offer for sale of 1.75 crore shares, totaling ₹580 crore. JM Financial is serving as the book running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar for the issue. A Look at Financials Vikram Solar's financial performance over the last three financial years shows a strong upward trajectory. Revenue has grown to ₹3,423.4 crore in FY25 at a CAGR of 28.5%. The Ebitda has more than doubled in this period, from ₹1,86.1 crore in FY23 to ₹492 crore in FY25. The profit after tax (PAT) has surged from ₹14.49 crore in FY23 to ₹139.8 crore in FY25, a CAGR of 210.6%, driven by improved operational efficiency and scale. The PAT margin improved from 0.7% to 4.1%, indicating stronger profitability and cost management. Particulars ( ₹million)FY23FY24FY25Revenue20,732.325,109.934,234.5EBITDA1,861.83,985.84,920.1Profit After Tax144.9797.21,398.3PAT Margin0.73.24.1Order book Quantity (MW)2,786.94,376.210,340.8 Source: RHP Filing 12 August 2025 The company's order book has also ballooned from 2,786.9 MW to 10,340.8 MW, underscoring a robust demand pipeline. Competitive Advantage Vikram Solar benefits from strategically located facilities in the port cities of Tamil Nadu and West Bengal, providing significant cost and time efficiencies. These locations facilitate smoother exports to international markets, helping the company expand its reach and attract a broader customer base. Domestically, the company serves key customers directly for large-volume orders from 10 MW to 500 MW and above. Smaller retail orders are fulfilled through an extensive distribution network. Under exclusive arrangements, distributors resell Vikram Solar's products to end customers, ensuring wide market coverage. Internationally, the company exports its solar PV modules to key global clients, further strengthening its presence and competitiveness in the global solar market. Peer Comparison This peer group is based on companies currently listed on the stock exchanges… NameRevenue ( ₹million)PE ratioBasic EPS (Rs)Return on Equity (%)Net Asset Value per Equity Share (Rs) For FY25Vikram Solar34,595.3-4.611.339.2Waaree Energies148,460.645.868.220.1334Premier Energies66,520.94721.433.262.6Websol Energy Systems5,774.34036.655.665.9 Data Source: RHP Vikram Solar operates at a much smaller scale compared to its peers. On the earnings too, Vikram Solar's basic EPS stands at ₹4.6, far below its peers. The net asset value per share is ₹39.2. This indicates that Vikram's balance sheet is smaller in per-share value terms, but it also points to potential room for expansion if the IPO proceeds are effectively deployed. Overall, while Vikram Solar currently trails its larger and more profitable peers in scale and per-share earnings, its growing order book and expanding manufacturing capacity could help it close the gap in the coming years. Strong Expansion Plan At a pre-IPO event, Vikram Solar said it will move forward with its plan to establish a 3-gigawatt (GW) solar module manufacturing facility in Colorado, USA. This decision comes despite proposed regulatory measures from the Donald Trump administration that could weigh heavily on clean energy companies. Earlier in 2025, the company had considered shelving the project after Trump's initial executive orders took effect. But with US courts starting to strike down portions of those directives, Vikram Solar now sees a clearer path to making the Colorado facility a reality. It also has plans for further expansion in the US. Risk Factors Vikram Solar IPO GMP Vikram Solar 's shares were trading at a premium of ₹70 in the grey market as on 13 August, as per media reports. Based on the upper end of the IPO price band and the prevailing grey market premium, the estimated listing price – ₹402 per share — is about 21.08% higher than the IPO price of ₹332. The grey market premium reflects investors' willingness to pay above the issue price. It offers no guarantee of profits. Conclusion India is poised for a massive solar expansion, with 25–27 GW of new projects planned in FY26. Between 2026 and 2030, an additional 28–30 GW of rooftop installations and substantial capacity additions across industrial, commercial, and residential segments are expected, making the sector's growth momentum undeniable. Rising consumer awareness, improved financing options, and better grid access are set to further fuel demand, creating a strong tailwind for Vikram Solar. Leveraging its extensive domestic distribution network and expanding manufacturing capacity, the company appears well-positioned to capture these opportunities. It's always prudent to conduct thorough research before making any investment decisions. Ensure that the investment aligns with your financial objectives and matches your risk tolerance level. Happy Investing. Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated
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Business Standard
a day ago
- Business Standard
IPO Calendar: 5 mainline, 2 SME issues to keep investors busy next week
IPO Calendar: Primary market investors will remain in action next week as well, with the launch of seven initial public offerings (IPOs) and the listing of seven companies on the stock exchanges. In the mainboard segment, Vikram Solar, Shreeji Shipping, Gem Aromatics, Patel Retail and Mangal Electrical Industries will open for public subscription during the week. The SME segment will also witness the launch of two new public issues. In addition, Bluestone Jewellery and Regaal Resources, along with five SME companies, are scheduled to make their D-Street debut next week. Here's a detailed look at IPO activity for next week: Vikram Solar IPO The maiden public issue of Vikram Solar will be the biggest IPO that will open for subscription next week. Vikram Solar aims to raise ₹2,09.37 crore through a combination of fresh issue of 45.2 million equity shares aggregating to ₹1,500 crore and offer for sale (OFS) of 17.5 million shares aggregating to ₹579.37 crore. Vikram Solar IPO will open for public subscription on Tuesday, August 19, 2025, and close on Thursday, August 21, 2025. The basis of allotment of shares is likely to be finalised on August 22, 2025. Vikram Solar shares will be listed on the exchanges tentatively on August 26, 2025. The company has set the price band in the range of ₹315-332. The minimum lot size for the application is 45 shares. MUFG Intime India is the registrar of the issue. JM Financial, Nuvama Wealth Management, UBS Securities, Equirus Capital, and PhillipCapital (India) are the book-running lead managers. Shreeji Shipping Global IPO The initial public offering (IPO) of Shreeji Shipping Global will open for bidding on August 19 and close on August 21. The company plans to raise ₹410.71 crore through a fresh issue of 16.3 million shares. There is no offer for sale (OFS) component. The price band is set in the range of ₹240 to ₹252 per share, and the lot size for an application is 58 shares. The basis of allotment of shares is expected to be finalised on August 22. The company will be listed on the exchanges, NSE and BSE, on August 26. Bigshare Services is the registrar for the issue. Beeline Capital Advisors and Elara Capital (India) are the book-running lead managers. Gem Aromatics IPO The public offering of Gem Aromatics is set to open for subscription on Tuesday, August 19, 2025, and close on Thursday, August 21, 2025. Gem Aromatics IPO is a book-built issue of ₹451 crore, comprising a fresh issue of 5.4 million equity shares and an offer for sale (OFS) of 8.5 million shares. The price band is set at ₹309-325 per share, and the lot size is 46 shares. A retail investor can bid for a minimum of 46 shares, requiring a minimum investment of ₹14,950. The basis of allotment is expected to be finalised on Friday, August 22, 2025, and the shares are scheduled to be listed on bourses, tentatively on Tuesday, August 26, 2025. Patel Retail IPO Patel Retail IPO is a combination of fresh issue of 8.5 million equity shares and an offer for sale of 1 million equity shares. The mainline offering will open for public subscription on August 19 and close on August 21. The allotment of shares is expected to be finalised on August 22. The company will make its debut on the bourses tentatively on August 26. The company has set the price band in the range of ₹237 to ₹255. Bigshare Services is the issue registrar. Fedex Securities is the sole book-running lead manager. Mangal Electrical Industries IPO Mangal Electrical IPO is scheduled to open for subscription on Wednesday, August 20, 2025, and close on Friday, August 22, 2025. The ₹400 crore offering comprises a fresh issue of 7.1 million equity shares. Mangal Electrical IPO will be available for subscription at a price band of ₹533 to ₹561 per share, and a lot size of 26 shares. Accordingly, a retail investor would require a minimum investment amount of ₹14,586. Bigshare Services is the registrar of the issue. Systematix Corporate Services is the sole book-running lead manager. In the SME segment, Studio LSD and LGT Business Connextions will open for subscription during the week. IPO listings next week In the mainboard segment, Bluestone Jewellery will make its debut on the exchanges on August 19, followed by Regaal Resources on August 20. In the SME segment, Spunweb Nonwoven will be listed on the NSE SME platform on July 22. On the BSE SME platform, Monica Alcobev will make its debut on July 23. In the SME segment, Medistep Healthcare and ANB Medical Cast will make their debut on the NSE SME platform on Monday, August 18. On the BSE SME platform, Star Imaging & Path Lab and Icodex Publishing Solutions will also list on August 18 and August 19, respectively. Mahendra Realtors & Infrastructure will list on the NSE SME platform on Wednesday, August 20.


The Hindu
2 days ago
- The Hindu
Vikram Solar to hit market with ₹2,000-crore IPO
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