Vikram Solar IPO: Tentative Dates Announced & How to Prepare
A much-awaited IPO, Vikram Solar, has revealed its tentative dates. This article provides detailed information about the Vikram Solar IPO and offers guidance on how investors can prepare for its upcoming launch. Stay tuned for daily IPO and Grey Market Premium updates by subscribing and joining the Telegram group (link in comments) for timely information.
Vikram Solar IPO: The Journey to Approval
Vikram Solar initiated the first process for an IPO by filing its Draft Red Herring Prospectus (DRHP) on September 13th, 2024. The company received approval for its IPO on May 29th, 2025, a process that took approximately 8 months. Following the approval, and considering current favorable market conditions with several successful IPO listings, Vikram Solar is now planning to launch its IPO.
Understanding Vikram Solar and Sector Potential
Vikram Solar operates in the Solar Energy Sector. If the company demands attractive valuations, there is potential for significant listing gains in the future.
Key Tentative Details of Vikram Solar IPO
While the official dates and price band for the Vikram Solar IPO are yet to be announced, some key details are emerging regarding its structure and timeline.
- The shares will have a face value of ₹10 each.
- Issue Size Distribution:
- 50% of the shares will be allocated to Qualified Institutional Buyers (QIBs).
- 35% of the shares will be allocated to Retail Investors, requiring an application amount of ₹15,000.
- 15% of the shares will be allocated to High Net-worth Individuals (HNIs), encompassing both Big HNI and Small HNI categories.
- The company’s shares are slated for listing on both BSE and NSE.
- Tentative IPO Dates:
- The IPO is tentatively expected to open on August 19th.
- The tentative closing date for the IPO is August 21st.
- Investors will have three days – August 19th, August 20th, and August 21st – to apply for this Main Board IPO.
- Fresh Issue & Offer for Sale (OFS):
- The fresh issue component of the IPO aims to raise ₹1500 Crore directly for the company.
- Additionally, promoters and existing shareholders will dilute their stake through an Offer for Sale (OFS) of approximately 1,74,50,882 equity shares. Updates related to this were shared on Twitter; the Twitter handle link is provided in the description box.
How to Prepare for the Vikram Solar IPO
To maximize the chances of allocation and potential gains from the Vikram Solar IPO, investors should prepare in advance.
- It is advisable to set up Demat accounts for each family member to apply for one lot per account.
- Investors should begin studying the company thoroughly now to determine if the application is solely for listing gains or for long-term investment, ensuring clarity before the IPO launch.
- Further updates regarding the IPO’s price band and valuations will be provided via video announcements.
- Updates on the Grey Market Premium (GMP) will also be shared through video.
Stay Updated with IPO News
For daily IPO and Grey Market Premium updates, subscribe to the channel. Join the Telegram group (link in comments) and the Twitter handle (link in description box) for timely updates. Any further doubts can be clarified by commenting.
