Vikram Solar IPO opens with Rs 6.21 billion raised from anchor investors
Author: PPD Team Date: August 21, 2025
The initial public offering of Vikram Solar Limited opened on Tuesday and will close on 21 August 2025. The company has set the price band at Rs 315 to Rs 332 per share. The issue is proposed for listing on both the NSE and the BSE.
The IPO seeks to raise Rs 20.79 billion. Of this, Rs 15 billion will be raised through fresh share issuance, while Rs 5.79 billion will be raised via an offer for sale of 17.45 million shares by the promoter and promoter group. Ahead of the launch, Vikram Solar secured Rs 6.21 billion from anchor investors, allotting 18.7 million shares at Rs 332 each to 43 institutions, including Goldman Sachs Fund, Morgan Stanley India Investment Fund, BNP Paribas, HSBC, Citigroup, ICICI Prudential Life Insurance, and SBI General Insurance.
In June 2025, the Securities and Exchange Board of India approved the company’s IPO proposal.