Vikram Solar’s IPO is a book-built issue worth Rs 2,079.37 crore. It includes a fresh issue of 4.52 crore shares, raising Rs 1,500 crore, and an offer for sale of 1.75 crore shares, worth Rs 579.37 crore. The IPO opened for subscription on Aug. 19 and closed on Aug. 21.
The price band is set between Rs 315 and Rs 332 per share. The issue was subscribed 56.42 times overall. QIBs subscribed 145.10 times, showing the highest interest. NIIs subscribed 52.87 times. Retail investors subscribed 7.98 times. The employee portion of the IPO saw 5.10 times subscription.
JM Financial Ltd. is the book-running lead manager for the issue. MUFG Intime India Pvt. Ltd. is the registrar for this IPO.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
