The upcoming Vikram Solar Limited IPO has generated noticeable traction in the grey market. Ahead of its opening on 19 August 2025, the grey market premium (GMP) is trading in the range of ₹60–₹66 per share, signaling investor optimism. At the upper end of the price band of ₹332, this suggests a possible listing price between ₹392 and ₹398, translating into 18–20% potential gains if market momentum sustains.
IPO Details at a Glance
- Subscription Dates: 19–21 August 2025
- Price Band: ₹315 – ₹332 per equity share
- Total Issue Size: ₹2,079.37 crore
- Fresh Issue: ₹1,500 crore
- Offer for Sale (OFS): ₹579.37 crore
- Fresh Issue: ₹1,500 crore
- Proposed Listing: NSE and BSE
The company, one of India’s leading solar photovoltaic (PV) module manufacturers, is eyeing fresh capital infusion to strengthen its manufacturing base and reduce debt.
Why Investors Are Tracking the GMP Closely
The grey market premium is often seen as a barometer of investor sentiment before an IPO lists. A premium of ₹60–₹66 suggests that early demand for the issue is healthy, particularly from retail participants and high-net-worth investors looking for short-term listing gains.
However, investors must remember that GMP is an unofficial indicator. While it reflects enthusiasm, final listing outcomes depend on broader market conditions, institutional participation, and sector outlook.
Market Sentiment and Sector Outlook
Vikram Solar’s IPO comes at a time when renewable energy companies are witnessing strong investor interest due to India’s push toward sustainable energy. With the government’s commitment to expand solar capacity and falling costs of solar power generation, the sector has become a preferred bet for long-term growth investors.
That said, the listing performance will also depend on market liquidity and global energy trends around the debut window.
Disclaimer:- This article is for informational purposes only and should not be considered financial advice. Grey Market Premium (GMP) is based on informal trading activity and may not reflect actual listing performance. Investors are advised to consult financial experts and review the company’s prospectus before making investment choices.