Overview

• The Rs 2,079.37 crore offer comprises a Rs 1,500 crore fresh issue and a Rs 579.37 crore OFS in a Rs 315–332 price band.
• Day 1 drew 6,88,40,280 bids against 4,53,61,650 shares on offer, with NIIs at 3.84x, retail at 1.36x and QIBs at about 0.02x, per exchange data.
• Grey‑market premiums cooled from a peak near Rs 72 to roughly Rs 54–65, implying about 16–20% prospective listing gains, which remain speculative.
• Ahead of opening, Vikram Solar raised Rs 620.8 crore from 43 anchor investors at Rs 332, with domestic mutual funds taking 52.39% of the anchor book.
• Fresh proceeds are earmarked for a 3,000 MW cell plus 3,000 MW module plant and expansion to 6,000 MW via VSL Green Power, with allotment slated for Aug 22 and listing targeted for Aug 26.