Vikram Solar IPO Day 3: Check GMP, Subscription Status & Key Highlights
Today is the last bidding day of the ₹2,079.37 crore Vikram Solar IPO, which opened on August 19, 2025. Till the end of Day 2, the IPO received a total subscription of 1.51x.
Vikram Solar IPO: Issue Details
- Issue Size: Vikram Solar IPO is a book-building issue of ₹2,079.3 crores, consisting of a fresh issue of ₹1,500 crores and an offer for sale of ₹579.37 crores
- Price Band: The company has set the price band between ₹315 and ₹332 per share.
- Book-running lead managers: JM Financial Limited, Nuvama Wealth Management Limited, UBS Securities India Private Limited, Equirus Capital Private Limited, and PhillipCapital (India) Private Limited.
- Registrar: MUFG Intime India Private Limited (Link Intime)
- Listing: The shares are proposed to be listed on the NSE and the BSE on August 5.
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Vikram Solar IPO Day 3: Subscription Details
[21-August-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
142.79 |
|
Non-Institutional Investors |
50.90 |
|
Retail Individual Investors (RIIs) |
7.64 |
|
Employees |
4.84 |
|
Total |
54.63 |
Also Read : Vikram Solar IPO Day 1: Subscription Status , Vikram Solar IPO Day 2: Subscription Status
Utilisation of IPO Proceeds
The company aims to use the net proceeds from the fresh issue towards the following objectives.
- Partially fund capital expenditure by investing in the Vikram Solar’s wholly owned subsidiary, VSL Green Power Private Limited, for the development and expansion of the solar module manufacturing capacity with a capacity of 3,000 MW for solar cells and 3,000 MW for solar modules, located in Tamil Nadu.
- General corporate purposes
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Vikram Solar IPO GMP Details
As of 21 August 2025, Vikram Solar IPO's GMP stood at ₹42. The estimated listing price is ₹374, i.e., a 12.65% gain per share over the upper price band.
Source: Business Standard Report dated 21 August 2025
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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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