vikram solar ipo gmp

Key Details We’ll Incorporate

Price Band: ₹315–₹332 per share (The Economic Times, mint)
Subscription Period: 19 August to 21 August 2025 (mint)
Listing Expectations: Allotment around 22 August, listing likely by 25 August 2025 (mint)

Trading at ₹63 premium per share, which is approximately 19% above the upper price band in recent grey market activity (mint, The Economic Times)
Estimate of GMP around ₹60–61, suggesting a listing price of ₹392–₹393 (The Economic Times)

One of India’s largest solar photovoltaic (PV) module manufacturers, offering integrated solar solutions including EPC (Engineering, Procurement, Construction) and O&M (Operations & Maintenance) services (InvestorZone, Unlisted Zone)
Operational capacity of approximately 3.5 GW as of March 2024, with facilities in West Bengal and Tamil Nadu (InvestorZone, Unlisted Zone)
Fundraising via IPO includes ₹1,500 crore fresh issue and ₹579 crore through Offer for Sale (OFS)—total IPO size ~ ₹2,079 crore (mint, Angel One)

SEBI approval for the IPO came earlier in June 2025, indicating regulatory readiness (The Economic Times)
Approaching IPO, with GMP reflecting strong investor sentiment in the renewable energy sector.