Vikram Solar is going to launch its much-awaited initial public offering (IPO) on August 19, 2025. The issue will remain open for subscription until August 21, 2025, and has generated strong market interest ahead of its debut.
The company has fixed a price band of ₹315–₹332 per share and aims to raise approximately ₹2,079.37 crore. The IPO comprises a fresh issue worth ₹1,500 crore alongside an offer-for-sale of ₹579.37 crore by existing shareholders.
The ongoing flow in the grey market is the main reason that makes this IPO particularly attractive. In the market, Vikram Solar shares are commanding a premium of around ₹60–₹61 per share.
The grey market premium (GMP) suggests that the stock has the potential to list at around ₹392–₹393. This shows that there is high demand for this stock, and investors also have strong confidence in the company’s growth.
The money raised from this IPO will be used mainly to boost Vikram Solar’s manufacturing, especially to increase its production of solar cells and panels under Phase I and Phase II projects.
The timeline for the issue is tightly packed, with allotments expected to be finalized by August 22, 2025, and the stock likely to make its market debut on August 26, 2025.
Solar’s IPO could turn out to be one of the most important listings of the year, as the company plans to take advantage of the growing demand for solar energy while building on its strong position in the market and expansion plans.
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