Vikram Solar Share Price: The equity shares of Vikram Solar Ltd, a leading manufacturer of solar photovoltaic (PV) modules, made their debut on the Indian stock market today after its highly subscribed IPO.
📈 Listing Performance
- BSE Listing Price: ₹340.00 per share (📊 2.41% premium over IPO price ₹332)
- NSE Listing Price: ₹338.00 per share (📊 1.81% premium over IPO price ₹332)
- Closing Price (NSE): ₹357.50 per share (✨ 7.68% higher than IPO price)
While the debut was lower than grey market expectations, the stock managed to close with healthy gains by the end of the day.
🗓️ Key IPO Timeline
Event | Date |
---|---|
IPO Opened | August 19, 2025 |
IPO Closed | August 21, 2025 |
Allotment Finalized | August 22, 2025 |
Listing Date | August 26, 2025 (Tuesday) |
Shares are now listed on both BSE and NSE.
💹 IPO Subscription Details
The ₹2,079.37 crore Vikram Solar IPO received an overwhelming response:
- Overall Subscription: 54.63 times
- Retail Investors: 7.65 times
- Qualified Institutional Buyers (QIBs): 142.79 times 🚀
- Non-Institutional Investors (NIIs): 50.90 times
💰 IPO Structure
Particulars | Details |
---|---|
Fresh Issue | 4.52 crore shares worth ₹1,500 crore |
Offer for Sale (OFS) | 1.75 crore shares worth ₹579.37 crore |
Total Issue Size | ₹2,079.37 crore |
Price Band | ₹315 – ₹332 per share |
Lead Manager | JM Financial Ltd. |
Registrar | MUFG Intime India Pvt. Ltd. |
🔎 Grey Market Premium (GMP)
Before listing, the grey market premium (GMP) had suggested a possible 11% premium over the issue price. However, the actual listing premium was lower than market estimates, though the stock recovered well in intraday trade.
✅ Conclusion
Vikram Solar’s IPO witnessed massive investor interest, especially from institutional buyers, signaling strong confidence in the company’s future in India’s growing solar energy sector. Although the listing premium was below grey market expectations, the stock ended the day 7.68% above issue price, rewarding investors with decent gains.