Vikram Solar IPO GMP Today: At the end of Day 1, the IPO of solar energy company Vikram Solar has garnered strong interest and holds a solid position in the grey
market, but has witnessed a slight dip.
Vikram Solar, a leading manufacturer of solar modules, opened its three-day IPO subscription window on August 20, and investor sentiment appears positive so far.
Vikram Solar IPO GMP trend
Shares of the Vikram Solar IPO continue to witness a robust demand in the grey market according to various websites tracking grey market activity.
At the end of August 19, 2025, the Grey Market Premium (GMP) of the IPO was at Rs 48. Based on this premium, the IPO is expected to list at around Rs 380 per share, indicating a potential gain of approximately 14.46 per cent over the issue price.
However, it's important to note that the GMP was higher at Rs 69 on August 12, 2025. Since then, the premium has experienced a volatile trend, with Rs 48 currently marking the lowest GMP observed so far for the Vikram Solar IPO.
About the Vikram Solar IPO
The issue of Vikram Solar has opened for public subscription on Tuesday, August 19, and it will close on August 21 (Thursday). This IPO has a price band of Rs 315 to Rs 332 per share.
Vikram Solar IPO is a book build issue of Rs 2,079.37 crores. The issue is a combination of fresh issue of 4.52 crore shares aggregating to Rs 1,500.00 crores and offer for sale of 1.75 crore shares aggregating to Rs 579.37 crores.
Additionally, the lot size for an application is 45. The minimum amount of investment required by a retail investor is Rs 14,175 (45 shares). The lot size investment for sNII is 14 lots (630 shares), amounting to Rs 2,09,160, and for bNII, it is 67 lots (3,015 shares), amounting to Rs 10,00,980.
Key Dates for Vikram Solar IPO
Apart from the Vikram Solar IPO's opening and closing dates. The tentative date for the allotment of shares is Friday, August 22, 2025. Refunds are expected to be initiated on Monday, August 25, 2025, which is also when the credited shares are likely to reflect in investors’ Demat accounts. The IPO is tentatively set to be listed on Tuesday, August 26, 2025. Investors should note that the cut-off time for UPI mandate confirmation is 5 PM on August 21, 2025.
Vikram Solar Ltd IPO lead manager and Registrar
JM Financial Ltd. is the book-running lead manager, and MUFG Intime India Pvt.Ltd is the registrar of the issue.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience consult their financial advisors before making any money related decisions.)
