Vikram Solar IPO Day 1: Check GMP, Subscription Status & Key Highlights
The bidding for the ₹2,079.37 crore Vikram Solar IPO is open today, August 19, 2025. Ahead of the IPO opening, the company had raised ₹621 crore from its anchor investors on August 18, 2025.
Vikram Solar IPO: Issue Details
Vikram Solar IPO is a book-building issue of ₹2,079.37 crores, consisting of a fresh issue of ₹1,500 crores and an offer for sale of ₹579.37 crores. The price band is set between ₹315 and ₹332 per share. The basis of allotment will be finalised by August 22, 2025, and the tentative listing date on BSE and NSE is August 26, 2025.
Vikram Solar IPO Day 1 Subscription Status
[19-August-2025, 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.02 |
|
Non-Institutional Investors |
3.83 |
|
Retail Individual Investors (RIIs) |
1.36 |
|
Employees |
1.00 |
|
Total |
1.51 |
Utilisation of IPO Proceeds
The net proceeds from the fresh will be used towards:
- Partially fund capital expenditure by investing in the wholly owned subsidiary, VSL Green Power Private Limited, located in Tamil Nadu, for the development of an integrated manufacturing facility with a capacity of 3,000 MW for solar cells and 3,000 MW for solar modules.
- To fund further capital expenditure for expanding the solar module manufacturing capacity at the same location, from 3,000 MW to 6,000 MW, through additional investment in VSL Green Power Private Limited.
- General corporate purposes
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Vikram Solar IPO GMP Details
As of 19 August 2025, Vikram Solar IPO’s GMP stood at ₹54. The estimated listing price is ₹386, i.e., a 16.27% gain per share over the upper price band.
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Source: Business Standard Report dated 19 August, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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Vikram Solar Business Overview
Vikram Solar is one of India’s largest solar photo-voltaic (“PV”) module manufacturers in terms of operational capacity. The company have two solar PV module manufacturing facilities located in West Bengal and Tamil Nadu with 4.50 GW of installed manufacturing capacity.
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