Vikram Solar IPO GMP, Open Date, Price Band, Allotment Status, Listing date

Vikram Solar IPO open date is expected on 27 January to 29 January 2025 (Tentative). This new IPO is a book-built issue of Rs 1500 crore plus. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 1500 crore and offer-for-sale is of 17,450,882 equity shares.

Vikram Solar IPO price band is expected to be around Rs 535 per share. As of now, Vikram Solar IPO GMP Live quotation is not yet started.  Live IPO Grey Market Premium details will be visible online.

Vikram Solar IPO allotment status expected to get finalised on January 30, 2025. The lot size details are yet to be announced. The minimum investment for the retail investors for 1 lot is expected to be around Rs 14,700. The registrar for Vikram Solar IPO is Link Intime India Limited. The listing date is also expected on February 3, 2025.

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Vikram Solar IPO GMP

The Vikram Solar IPO GMP has not yet started. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription got oversubscribed then Vikram Solar IPO GMP might rise in the coming days.

Vikram Solar IPO Price Band

Vikram Solar IPO price band expected is around Rs 535 per share. The final price band and lot size details are yet to be finalised. The minimum amount of investment for the retail category is to be around Rs 14,700 and for small NII minimum investment is to be around Rs 2,09,050. The minimum investment for the Big NII is to be around Rs 10,01,400.

Vikram Solar IPO Open Date, Close Date

Vikram Solar IPO open date is expected 27 January to 29 January 2025 (Tentative). However, these dates are tentative as per the information available from the market sources and can be changed in future. 

Vikram Solar IPO Allotment Status

Vikram Solar IPO allotment status is expected to be finalized on January 30, 2025.The listing will be on the BSE and NSE platforms on February 30, 2025. The registrar of this IPO is Link Intime India Limited. Investors can check their allotment status after the subscription of the IPO ends.

Vikram Solar IPO Listing Date

Vikram Solar IPO's listing date is expected to be finalised on February 3, 2025. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Vikram Solar IPO: Listing Date, Lot Size, Price Band

Vikram Solar Limited: About the Company

Vikram Solar Limited was established in 2006, is a leading Indian solar energy solutions provider and module manufacturer. The company specializes in high-efficiency PV module production and offers EPC services for solar power projects. 

The company had a strong focus on innovation and sustainability. They operate a state of art manufacturing facility in West Bengal, producing both mono and polycrystalline solar modules. 

Vikram Solar Limited also provides operations and maintenance services ensuring optimal performance of solar installations. The company serves clients globally, emphasizing renewable energy adaptation and contributing to India’s renewable energy targets and global energy transition. 

Vikram Solar IPO Objectives

The funds raised from the Vikram Solar IPO will be used for funding the capital expenditure for establishing a 2000 MW integrated solar cell and solar module manufacturing facility in Tamil Nadu. Other than this, the money will be used for meeting the working capital purposes. 

Vikram Solar IPO: Key Dates, Allotment, Listing Date

Vikram Solar IPO Subscription Status, IPO Reservation

Vikram Solar IPO subscription status will be available after the IPO opens on January 29, 2025.

In the QIB category 75% of the net offer is reserved. The remaining 10% is reserved for the retail investors and 15% is for Non-Institutional investors. 

Vikram Solar IPO Lot Size Details

Vikram Solar IPO lot size is yet to be announced. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,700 and the maximum is 13 lots, amounting to be around Rs 1,94,324. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,09,150.

Vikram Solar IPO Promoter Holdings

Vikram Solar IPO promoters Gyanesh Chaudhary, Anil Chaudhary and Hari Krishna Chaudhary.

The promoters' shareholdings before the IPO were x%; however, after the IPO, shareholdings will decline. 

Vikram Solar IPO Registrar

Vikram Solar IPO registrar is expected to be Link Intime India Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Vikram Solar IPO Lead Managers

Vikram Solar IPO lead managers are JM Financial Limited, Nuvama Wealth Management Limited. Also UBS Securities India Private Limited, Equirus Capital Private Limited and  Phillipcapital India Private Limited. 

How to apply to Vikram Solar IPO

Interested investors can apply to the Vikram Solar IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Vikram Solar IPO Review

Vikram Solar IPO may get a positive response from the general public. The company is involved in the solar business. So, investors interested in the renewable sector can apply to this IPO. 

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Vikram Solar IPO GMP will also rise. 

Vikram Solar IPO FAQ

1. What are the details of the Vikram Solar IPO?

Vikram Solar IPO is a book-built issue of Rs 1500 crore plus. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 1500 crore and offer-for-sale is of 17,450,882 equity shares. 

2. When will the Vikram Solar IPO open and close?

Vikram Solar IPO open date is expected 27 January to 29 January 2025 (Tentative). However, these dates are tentative as per the information available from the market sources and can be changed in future. 

3. What is Vikram Solar IPO GMP ?

The Vikram Solar IPO GMP has not yet started. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription got oversubscribed then Vikram Solar IPO GMP might rise in the coming days.

4. What are the details of Vikram Solar IPO Subscription Status?

Vikram Solar IPO subscription status will be available after the IPO opens on January 29, 2025.

In the QIB category 75% of the net offer is reserved. The remaining 10% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Vikram Solar IPO allotment status is expected to be finalized on January 30, 2025.The listing will be on the BSE and NSE platforms on February 30, 2025. The registrar of this IPO is Link Intime India Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Vikram Solar IPO?

Vikram Solar IPO registrar is expected to be Link Intime India Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. 

The lead managers are JM Financial Limited, Nuvama Wealth Management Limited. Also UBS Securities India Private Limited, Equirus Capital Private Limited and  Phillipcapital India Private Limited.

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• What is IPO GMP?
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