Vikram Solar IPO Sees 142x QIB Craze! Is Retail Missing Out Or Dodging A Bullet?

The IPO of Vikram Solar Limited has been subscribed to 54.63 times on day 3, since its start from August 19, 2025. The IPO closes today, August 21, 2025. The company’s objective through this IPO is to raise around ₹2,079 crore.

Vikram Solar Limited: IPO Details

•    IPO Opens: August 19, 2025
•    IPO Closes: August 21, 2025
•    Issue Type: 100% Book Building 
•    Total Issue Size: ₹2,079.37 crore 
      o    Fresh Issue: ₹1,500 crore 
      o    Offer for Sale: Up to 17,450,882 
•    Price Band: ₹315- ₹332 
•    Lot Size: 45 shares 
•    Minimum Investment (Retail): ₹14,940  
•    Maximum Subscription Amount (Retail): ₹1,94,220 
•    Listing Exchanges: BSE and NSE 
•    Registrar: MUFG Intime India Private Limited 
•    Sponsor Banks / Book Running Lead Managers: Axis Bank Limited and HDFC Bank Limited 

Vikram Solar Limited IPO: Important IPO Dates
•    Anchor Investor Bidding: August 18, 2025 
•    Basis of Allotment Finalisation: August 22, 2025 
•    Expected Date to List on Stock Exchange: August 26, 2025 

Consolidated Bid Details of Vikram Solar Limited IPO on Day 3

    Total Subscription: 54.63 times
    Retail Individual Investors (RII): 7.65 times
    Retail Investors (Employees): 4.84 times
    Non-Institutional Investors (NII): 50.90 times
    Qualified Institutional Buyers (QIB): 142.79 times
(Data: Aug 21, 2025 | 18:05)

Vikram Solar Limited: Company Overview

Vikram Solar Limited, founded in 2009, manufactures solar photovoltaic (PV) modules, provides EPC (engineering, procurement, and construction) and O&M (operations and maintenance) related services. 

(Disclaimer: The above article is only for the purpose of information. It does not constitute financial guidance in any form(s). Investors here are suggested to carefully review the prospectus and refer to a registered financial advisor or certified investment professional before they finalise any investment. Similarly, past performances are not an indication of future outcomes. Investments are subject to market risks.)

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