IPO Details
Vikram Solar IPO Day 1 is here, and the process is LIVE!
Vikram Solar, one of THE biggest solar panel makers in India, and it has opened its gates for public as IPO. The dates will stay live until August 21, 2025.
The price band is set between ₹315 and ₹332 per share, and the company aims to raise about ₹2,079 crore by listing on the NSE and BSE. Out of this, ₹1,500 crore will come from new shares, and ₹579 crore from existing shareholders selling their stake.
What is catching everyone’s attention?
Vikram Solar shares are already trading at a ₹70 premium in the grey market today! This means there could be a good 21% gain right after listing, which is pretty exciting for a trader or investor who are tracking this IPO for investment.
If you’re thinking about investing, now’s a great time to watch the subscription status closely. Are you planning to apply, or waiting to see how things unfold?
The Vikram Solar IPO is now open for bids from 10 AM to 5 PM from today. Ans on the very first day, by 10:39 AM, the overall subscription happened was at 0.19 times.
In the retail segment the movements were a bit more active, with 0.22 times subscription, while the non-institutional investors (NII) showed some interest at 0.36 times. However, the qualified institutional buyers (QIB) haven’t been subscribed yet. It’s still early days, so we’ll see how things pick up as the day goes on.
As per data, Today, Vikram Solar shares are trading at a ₹70 premium in the grey marke, which is suggesting a potential 21% listing gain if the upper prie band holds.
The Vikram Solar IPO opened for subscription today and will remain open until August 21, 2025. Investors can place their bids between 10:00 AM and 5:00 PM during the subscription window. This is a three-day opportunity which allows retail and institutional investors to participate in one of India’s leading solar energy IPOs.
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