The initial public offering (IPO) of Vikram Solar Limited entered its second day of bidding on Wednesday, 20 August 2025. The issue opened on 19 August and will remain available for subscription until 21 August 2025.
Vikram Solar, one of India’s largest solar photovoltaic (PV) module manufacturers, has fixed its IPO price band at ₹315 to ₹332 per share. The company aims to raise ₹2,079.37 crore, of which ₹1,500 crore will come via a fresh issue of shares, while ₹579.37 crore will be raised through the offer for sale (OFS) route. The shares will be listed on both NSE and BSE.
Vikram Solar IPO GMP Today
According to market observers, Vikram Solar IPO Grey Market Premium (GMP) stands at ₹54 on 20 August. This indicates a potential listing gain of nearly 16% over the upper price band of ₹332 per share.
Vikram Solar IPO Subscription Status (Day 1)
As of 5:00 PM on the first day of bidding, the IPO received 1.52 times overall subscription. Segment-wise details:
- Retail Investors: 1.37 times subscribed
- Non-Institutional Investors (NII): 3.84 times subscribed
- Qualified Institutional Buyers (QIB): 0.02 times subscribed
Key Vikram Solar IPO Details
- IPO Price Band: ₹315 – ₹332 per equity share
- IPO Size: ₹2,079.37 crore (₹1,500 crore fresh issue + ₹579.37 crore OFS)
- Lot Size: One lot comprises 45 shares
- Issue Date: 19 – 21 August 2025
- Allotment Date (Tentative): 22 August 2025
- Listing Date (Tentative): 25 August 2025
- IPO Registrar: MUFG Intime India Private Limited
- Lead Managers: JM Financial, Nuvama Wealth Management, UBS Securities India, Equiras Capital, Philip Capital India
Outlook
With strong demand from retail and NII segments and a healthy grey market premium, market analysts suggest that Vikram Solar IPO is witnessing positive investor sentiment ahead of its listing.
✅ Disclaimer: This article is for informational purposes only and not investment advice. Investors should consult with financial advisors before making any investment decisions.
