Massive Demand! Vikram Solar IPO Subscribed 54x — Here’s the Vikram Solar Listing Date
As the Vikram Solar IPO nears its listing date on August 26, 2025, market watchers and investors are closely monitoring the grey market premium (GMP), which has surged in recent days, signaling a strong listing on both BSE and NSE.
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Massive Subscription
The IPO of Vikram Solar Limited, a leading manufacturer of solar photovoltaic modules, was open for bidding from August 19 to August 21. It received an overwhelming response from all categories of investors, with bids for a whopping 2,47,81,57,965 shares against the 4,53,61,650 shares offered — reflecting an overall subscription of 54.63 times.
IPO Structure
The ₹2,079.37 crore IPO was a combination of a fresh issue of 4.52 crore shares worth ₹1,500 crore, and an Offer for Sale (OFS) of 1.75 crore shares, aggregating to ₹579.37 crore.
Allotment & GMP Trends
The allotment process was finalized on August 22, with lucky applicants now waiting for the listing scheduled on Tuesday, August 26, 2025. Meanwhile, in the unlisted market, Vikram Solar’s IPO GMP has seen a notable rise, indicating that the stock could list at a significant premium over the issue price.
We’ll keep you posted with all the latest, so stay with Newz24India.