IPO GMP Ts 68 Today: A solar energy company's IPO is in focus as today (Tuesday, August 19) is the day 1 subscription. The name of the company is Vikram
Solar.
Vikram Solar is a leading solar module maker. Vikram Solar IPO subscription will remain open for three-days, starting today. Vikram Solar's Rs 2,079 crore IPO, which has a price band of Rs 315 to Rs 332 per share, will end on Thursday (August 21).
Retail investors can bid for a minimum of 45 shares in one lot (Rs 14,940) and a maximum of 585 shares in 13 lots (Rs 1,94,220).
Vikram Solar IPO GMP Today Price
In the grey market, Vikram Solar shares are making buzz as they are high in demand. According to several websites that track grey market activities, Vikram Solar shares traded at a grey market premium of Rs 68 on Tuesday morning (day 1 subscription) over the upper price band.
Rs 68 IPO GMO translates into a premium of more than 20 per cent, indicating a potential share price listing at Rs 400.
Vikram Solar IPO Allotment Status Link
Vikram Solar IPO allotment status will be released online on the website of registrar, which is MUFG Intime India Pvt Ltd.
Vikram Solar IPO allotment status will likely be declared on August 22 (Friday). Investors can check IPO allotment status just by entering PAN on MUFG Intime India website.
Vikram Solar Share Listing Date
Vikram Solar shares will list on BSE and NSE. Vikram Solar shares will list on bourses on August 26 (Tuesday).
Ahead of IPO, Vikram Solar raised Rs 621 from anchor investors. Top institutional investors who participated are: Goldman Sachs Fund, Morgan Stanley India Investment Fund, BNP Paribas, HSBC, Citigroup, ICICI Prudential Life Company and SBI General Insurance Company, according to a circular uploaded on BSE's website. Also, UTI Mutual Fund (MF), Franklin Templeton MF, Kotak Mahindra MF, Nippon India MF and Edelweiss MF have been allotted shares in the anchor round.
Vikram Solar IPO is combination of a fresh issue of Rs 1,500 crore and an offer for sale (OFS) of over 1.74 crore shares, valued at around Rs 579.37 crore at the upper end of the price band, by its promoters.
(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 to consult their financial advisors before making any money related decisions.)
