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Vikram Solar IPO Closes 54.63x Subscribed as Allotment Day Arrives

Grey‑market quotes suggest a mid‑teens listing premium ahead of the Aug. 26 market debut.

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Shreeji Shipping Global IPO
Patel Retail IPO subscribed 95.7x, draws bids worth Rs 19,073 crore
Listing is scheduled for August 26 on the BSE and NSE.

Overview

  • Investors bid for 247.81 crore shares against 4.53 crore on offer, with QIBs at 142.79x, NIIs at 50.9x, retail at 7.65x and the employee portion at 4.84x, according to NSE data.
  • The Rs 2,079.37 crore offer was priced at Rs 315–332 and comprised a Rs 1,500 crore fresh issue and a Rs 579.37 crore offer for sale by promoters.
  • Vikram Solar raised about Rs 620.8 crore from 43 anchor investors at Rs 332 per share ahead of the public offer.
  • The allotment is scheduled for Aug. 22, refunds and share credits are expected on Aug. 25, and the listing is slated for Aug. 26 on the BSE and NSE, with MUFG Intime India as registrar.
  • The latest grey‑market premium was reported at Rs 52 on Aug. 22, implying an estimated listing price near Rs 384, though such indications are unofficial and can change.