Vikram Solar IPO Day 2: Issue Booked 5 So Far; Check GMP, Subscription Status & Key Highlights
Today is Day 2 of the Vikram Solar IPO, which opened yesterday, 19 August 2025. On day 1, the IPO received. The bidding window is scheduled to close on Aug 21, 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 is August 26, 2025.
Book running lead managers for the IPO are JM Financial Limited, Nuvama Wealth Management Limited, UBS Securities India Private Limited, Equirus Capital Private Limited, and PhillipCapital (India) Private Limited, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.
Vikram Solar IPO Day 2 Subscription Status
[20-August-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.11 |
|
Non-Institutional Investors |
13.01 |
|
Retail Individual Investors (RIIs) |
3.47 |
|
Employees |
2.36 |
|
Total |
4.56 |
Check out newly Listed IPOs on BSE and NSE.
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 |
Read More : Vikram Solar IPO Day 1 Subscription Status
Utilisation of IPO Proceeds
The company will not receive any proceeds from the OFS component and will directly go to the selling shareholders.
The net proceeds from the fresh issue will be used towards the following objectives:
- Fund capital expenditure by making an investment in VSL Green Power Private Limited, the company’s wholly owned subsidiary based in Tamil Nadu. It involves setting up an integrated production facility with a planned capacity of 3,000 MW each for solar cells and solar modules. Additional funds will be directed toward increasing the solar module manufacturing capacity.
- General corporate purposes
Explore other Upcoming IPOs on BSE and NSE.
Vikram Solar IPO GMP Details
As of 20 August 2025, Vikram Solar's IPO's GMP stood at ₹48. The estimated listing price is ₹380, i.e., a 14.46% gain per share over the upper price band.
|
Source: Business Standard Report dated 20 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. |
Vikram Solar Business Overview
Vikram Solar is one of India’s largest solar photo-voltaic (“PV”) module manufacturers (in terms of operational capacity), with manufacturing facilities located in West Bengal and Tamil Nadu. The company is also one of the largest pure-play module manufacturers with an enlisted capacity of 2.85 GW.
Vikram Solar’s revenue from operations grew by 36.34%, rising from ₹2,510.99 crore in fiscal 2024 to ₹3,423.45 crore in fiscal 2025.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here.