Mumbai, Aug. 20 -- The initial public offer of Vikram Solar received bids for 20,70,74,925 shares as against 4,53,61,650 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (20 August 2025). The issue was subscribed 4.56 times.

The issue opened for bidding on 19 August 2025 and it will close on 21 August 2025. The price band of the IPO is fixed between Rs 315 and 332 per share. An investor can bid for a minimum of 45 equity shares and in multiples thereof.

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 Phase I Project; Rs 595.208 crore for funding capital expenditure through in...