Vikram Solar IPO opens tomorrow: Key details

Business Aug 18, 2025

Vikram Solar is rolling out its IPO starting Tuesday, with shares priced between ₹315 and ₹332.
The offer includes a fresh issue of up to ₹1,500 crore and a sale by existing shareholders, bringing the total size to about ₹2,079 crore at the top end.

GMP indicates strong listing

The IPO closes Thursday, and shares are expected to list on August 26. Right now, there's a 17% gray market premium—so folks think listing could be around ₹389-390 per share.
Allotment happens August 22; refunds and demat credits follow on August 25.
If you're thinking of applying, the minimum bid is for 45 shares.
The book running lead managers are JM Financial, Nuvama Wealth Management, UBS Securities India, Equirus Capital, and PhillipCapital (India), with MUFG Intime as registrar.