Archive · 19 Aug 2025
Vikram Solar IPO: GMP Softens Amidst Subscription
Vikram Solar, a company that makes solar panels, is offering shares to the public through an IPO.
The shares are priced between ₹315 and ₹332 each.
Before the IPO, people were willing to pay a high price for the shares, but the price has gone down slightly.
On the first day, the IPO was not fully subscribed, with investors showing some interest.
The company is aiming to get ₹2,079.37 crore to expand its business, especially by selling new shares.
The IPO closes on August 21, with shares expected to be listed around August 25.
Vikram Solar IPO opened for subscription with a price band of ₹315 to ₹332 per share.
The Grey Market Premium (GMP) has decreased from ₹72 to ₹54-₹56.
The IPO received overall bids of 0.67 times on Day 1.
Retail investors subscribed 0.71 times, while NIIs subscribed 1.45 times.
The company aims to raise ₹2,079.37 crore, with ₹1,500 crore from fresh equity.
- Who
- Vikram Solar
- What
- Vikram Solar IPO opened for subscription.
- When
- The IPO opened, and the bidding closed on August 21, with potential listing by August 25.
- Where
- India
- Why
- To raise capital for expansion and strengthen its financial position.
Market Sentiment
Investors
GMP Trend
Market Sentiment
GMP was high before the IPO.
Investors
GMP has decreased since bidding began.
- IPO Price Band
- ₹315 - ₹332 per share
- GMP (Peak)
- ₹72
- GMP (August 19)
- ₹54 - ₹56
- Overall Subscription (Day 1)
- 0.67 times
- Retail Subscription
- 0.71 times
- NII Subscription
- 1.45 times
- QIB Subscription
- 0.01 times
Sources
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