{"id":20603,"date":"2025-08-19T12:29:27","date_gmt":"2025-08-19T12:29:27","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?post_type=ipo&#038;p=20603"},"modified":"2025-08-19T17:45:41","modified_gmt":"2025-08-19T17:45:41","slug":"vikram-solar-ipo-day-1","status":"publish","type":"ipo","link":"https:\/\/wp-api.pocketful.in\/blog\/ipo\/vikram-solar-ipo-day-1\/","title":{"rendered":"Vikram Solar IPO Day 1: Check GMP, Subscription Status &amp; Key Highlights"},"content":{"rendered":"\n<p>Vikram Solar Limited, a major player in solar photovoltaic manufacturing in India, has launched its \u20b92,079 crore IPO, comprising a fresh issue of \u20b91,500 crore and an offer for sale of \u20b9579 crore. The issue opens for subscription on August 19, 2025, at a price band of \u20b9315 to \u20b9332 per share, and closes on August 21, 2025. Post allotment, the company\u2019s shares are expected to be listed on both the BSE and NSE on August 26, 2025.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/vikram-solar-ipo-day-1\/#Vikram_Solar_IPO_Day_1_Subscription_Status\" title=\"Vikram Solar IPO Day 1 Subscription Status\">Vikram Solar IPO Day 1 Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/vikram-solar-ipo-day-1\/#Objective_of_the_Vikram_Solar_IPO\" title=\"Objective of the Vikram Solar IPO\">Objective of the Vikram Solar IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/vikram-solar-ipo-day-1\/#Vikram_Solar_IPO_GMP_%E2%80%93_Day_1_Update\" title=\"Vikram Solar IPO GMP \u2013 Day 1 Update\">Vikram Solar IPO GMP \u2013 Day 1 Update<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/vikram-solar-ipo-day-1\/#Vikram_Solar_IPO_%E2%80%93_Key_Details\" title=\"Vikram Solar IPO &#8211; Key Details\">Vikram Solar IPO &#8211; Key Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/vikram-solar-ipo-day-1\/#Important_Dates_for_Vikram_Solar_IPO_Allotment\" title=\"Important Dates for Vikram Solar IPO Allotment\">Important Dates for Vikram Solar IPO Allotment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/vikram-solar-ipo-day-1\/#Vikram_Solar_Overview\" title=\"Vikram Solar Overview\">Vikram Solar Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/vikram-solar-ipo-day-1\/#Easy_Steps_to_Apply_for_Vikram_Solar_IPO_via_Pocketful\" title=\"Easy Steps to Apply for Vikram Solar IPO via Pocketful\">Easy Steps to Apply for Vikram Solar IPO via Pocketful<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/ipo\/vikram-solar-ipo-day-1\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-vikram-solar-ipo-day-1-subscription-status\"><span class=\"ez-toc-section\" id=\"Vikram_Solar_IPO_Day_1_Subscription_Status\"><\/span>Vikram Solar IPO Day 1 Subscription Status<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Vikram Solar IPO witnessed a steady start on the first day, with an overall subscription of 1.57 times. Non-Institutional Investors led the demand at 3.99 times, followed by Retail Investors at 1.43 times. Qualified Institutional Buyers subscribed 0.02 times.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Investor Category<\/th><th class=\"has-text-align-center\" data-align=\"center\">Subscription (x)<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Qualified Institutional Buyers (QIB)<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.02<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Non-Institutional Investors (NII)<\/td><td class=\"has-text-align-center\" data-align=\"center\">3.99<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">bNII (above \u20b910 lakh)<\/td><td class=\"has-text-align-center\" data-align=\"center\">3.90<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">sNII (less than \u20b910 lakh)<\/td><td class=\"has-text-align-center\" data-align=\"center\">4.19<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Retail Individual Investors (RII)<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.43<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Employees<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.06<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Total Subscriptions<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.57<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Total Applications: <\/strong>5,73,492<\/p>\n\n\n\n<p><strong>Total Bid Amount (\u20b9 crores): <\/strong>2,296<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-objective-of-the-vikram-solar-ipo\"><span class=\"ez-toc-section\" id=\"Objective_of_the_Vikram_Solar_IPO\"><\/span>Objective of the Vikram Solar IPO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Vikram Solar Limited intends to utilize the net proceeds from the fresh issue towards funding capital expenditure for its Phase I and Phase II projects, along with meeting general corporate purposes.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Use of IPO Proceeds<\/th><th class=\"has-text-align-center\" data-align=\"center\">Amount (\u20b9 Cr)<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Partial funding of capital expenditure for the Phase-I Project<\/td><td class=\"has-text-align-center\" data-align=\"center\">769.73<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Funding of capital expenditure for the Phase-II Project<\/td><td class=\"has-text-align-center\" data-align=\"center\">595.21<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">General Corporate Purposes<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2013<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-vikram-solar-ipo-gmp-day-1-update\"><span class=\"ez-toc-section\" id=\"Vikram_Solar_IPO_GMP_%E2%80%93_Day_1_Update\"><\/span>Vikram Solar IPO GMP \u2013 Day 1 Update<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The grey market premium (GMP) of Vikram Solar IPO is \u20b947, as on 5:00 PM August 19, 2025. The upper limit of the price band is \u20b9332, and the estimated listing price as per today\u2019s GMP can be \u20b9379, giving a potential gain of around 14.16% per share.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Date<\/th><th class=\"has-text-align-center\" data-align=\"center\">GMP<\/th><th class=\"has-text-align-center\" data-align=\"center\">Est. Listing Price\u00a0<\/th><th class=\"has-text-align-center\" data-align=\"center\">Gain\u00a0<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">19-08-2025 (DAY 1)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b947<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9379<\/td><td class=\"has-text-align-center\" data-align=\"center\">14.16%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Disclaimer: <\/strong>The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor&#8217;s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-vikram-solar-ipo-key-details\"><span class=\"ez-toc-section\" id=\"Vikram_Solar_IPO_%E2%80%93_Key_Details\"><\/span>Vikram Solar IPO &#8211; Key Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-left\" data-align=\"left\">Details<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">IPO Opening Date<\/td><td class=\"has-text-align-left\" data-align=\"left\">August 19, 2025<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">IPO Closing Date<\/td><td class=\"has-text-align-left\" data-align=\"left\">August 21, 2025<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Issue Price Band<\/td><td class=\"has-text-align-left\" data-align=\"left\">\u20b9315 to \u20b9332 per share<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Total Issue Size<\/td><td class=\"has-text-align-left\" data-align=\"left\">6,26,31,604 shares(aggregating up to \u20b92,079.37 Cr)<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Listing Platform<\/td><td class=\"has-text-align-left\" data-align=\"left\">BSE, NSE<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Registrar<\/td><td class=\"has-text-align-left\" data-align=\"left\">MUFG Intime India Private Limited<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Vikram Solar IPO RHP<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/aug-2025\/vikram-solar-limited-rhp_96054.html\">Click Here<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-important-dates-for-vikram-solar-ipo-allotment\"><span class=\"ez-toc-section\" id=\"Important_Dates_for_Vikram_Solar_IPO_Allotment\"><\/span>Important Dates for Vikram Solar IPO Allotment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Event<\/th><th class=\"has-text-align-center\" data-align=\"center\">Date<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Tentative Allotment<\/td><td class=\"has-text-align-center\" data-align=\"center\">August 22, 2025<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Refunds Initiation<\/td><td class=\"has-text-align-center\" data-align=\"center\">August 25, 2025<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Credit of Shares to Demat<\/td><td class=\"has-text-align-center\" data-align=\"center\">August 25, 2025<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Listing Date&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">August 26, 2025<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-vikram-solar-overview\"><span class=\"ez-toc-section\" id=\"Vikram_Solar_Overview\"><\/span>Vikram Solar Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Vikram Solar Limited is one of India\u2019s largest solar photovoltaic (PV) module manufacturers, with over 17 years of industry experience. As of March 31, 2025, the company has an installed manufacturing capacity of 4.5 GW, strategically located in West Bengal and Tamil Nadu, and is expanding to 20.5 GW by FY 2027. Its product portfolio includes high-efficiency Mono-PERC, N-Type, and HJT solar modules, supported by strong R&amp;D and global certifications. Vikram Solar also provides EPC and O&amp;M services and exports to over 39 countries, serving marquee clients worldwide while maintaining a strong domestic presence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-easy-steps-to-apply-for-vikram-solar-ipo-via-pocketful\"><span class=\"ez-toc-section\" id=\"Easy_Steps_to_Apply_for_Vikram_Solar_IPO_via_Pocketful\"><\/span>Easy Steps to Apply for Vikram Solar IPO via <a href=\"https:\/\/web.pocketful.in\/new-user\">Pocketful<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Step 1 :&nbsp; Install the Pocketful Application from <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.pocketful.android&amp;hl=en_IN\">Play Store<\/a> or <a href=\"https:\/\/apps.apple.com\/in\/app\/pocketful-share-market-app\/id6503890518\">App Store<\/a><\/p>\n\n\n\n<p>Step 2 : Sign up and complete your KYC requirements<\/p>\n\n\n\n<p>Step 3 : Go to the IPO section from the home page<\/p>\n\n\n\n<p>Step 4 : Look for \u201cVikram Solar\u201d in the list<\/p>\n\n\n\n<p>Step 5 : Tap on Apply and enter your bid details<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">What is the opening and closing date of Vikram Solar IPO?<\/h3><p class=\"saswp-faq-answer-text\">Vikram Solar IPO is open on 19 August 2025 and will close on 21 August 2025.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is the price band of the Vikram Solar IPO?<\/h3><p class=\"saswp-faq-answer-text\">Its price band is fixed from \u20b9315 to \u20b9332 per share.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is the GMP (Grey Market Premium) of Vikram Solar IPO today?<\/h3><p class=\"saswp-faq-answer-text\">The GMP on 19 August 2025 is \u20b947, which leads to a possible listing price of \u20b9379.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is the total issue size of Vikram Solar IPO?<\/h3><p class=\"saswp-faq-answer-text\">The total issue size of the Vikram Solar IPO is \u20b92,079.37 crore, consisting of \u20b91,500 crore of fresh issue and \u20b9579.37 crore of offer for sale.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is the expected listing date of Vikram Solar?<\/h3><p class=\"saswp-faq-answer-text\">This IPO is expected to be listed on BSE and NSE on August 26, 2025.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>Vikram Solar Limited, a major player in solar photovoltaic manufacturing in India, has launched its \u20b92,079 crore IPO, comprising a fresh issue of \u20b91,500 crore and an offer for sale of \u20b9579 crore. The issue opens for subscription on August 19, 2025, at a price band of \u20b9315 to \u20b9332 per share, and closes on [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":20615,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[183],"class_list":["post-20603","ipo","type-ipo","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"acf":{"freelancer":"Harjyot"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vikram Solar IPO Day 1: Check GMP, Subscription Status<\/title>\n<meta name=\"description\" content=\"Vikram Solar IPO Day 1 subscribed 1.57x; GMP at \u20b947 with issue size \u20b92,079 Cr. Price band \u20b9315-\u20b9332. 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