Mumbai, Aug. 22 -- The initial public offer of Vikram Solar received bids for 2,47,81,57,965 shares as against 4,53,61,650 shares on offer. The issue was subscribed 54.63 times.

The Qualified Institutional Buyers (QIBs) category was subscribed 142.79 times. The Non-Institutional Investors (NIIs) category was subscribed 50.90 times. The Retail Individual Investors (RIIs) category was subscribed 7.65 times.

The issue opened for bidding on 19 August 2025 and it closed on 21 August 2025. The price band of the IPO is fixed between Rs 315 and 332 per share.

Of the net proceeds from the fresh issue, about Rs 769.73 crore will be used to part funding of capital expenditure through investment in VSL Green Power (a WoS of the company) for the Ph...