New Delhi, Aug. 19 -- The initial public offering (IPO) of Vikram Solar received a healthy response on its first day of bidding, August 19, with investors placing bids for 6.91 crore shares against the total offer of 4.39 crore shares, resulting in an overall subscription of 1.57 times by the end of Day 1, according to exchange data.

Non-institutional buyers showed strong interest, with their portion subscribed 3.99 times, while the retail investors' portion was booked 1.43 times. The QIB (Qualified Institutional Buyers) portion was subscribed just 0.02 times.

The company aims to raise Rs.2,079.37 crore through the offering, which is a combination of a fresh issue of 4.52 crore shares aggregating to Rs.1,500 crore and an offer for sale ...