Vikram Solar IPO Subscription Status Day 3 – Subscribed 56.42 Times

Vikram Solar Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription, with Vikram Solar's stock price set at ₹315-332 per share reflecting outstanding market reception. The ₹2,079.37 crore IPO reached 56.42 times by 5:04:43 PM on day three, indicating exceptional investor interest in this solar photovoltaic modules manufacturing company incorporated in 2005.

Vikram Solar IPO qualified institutional buyers (ex-anchor) segment leads with exceptional 145.10 times subscription, whilst non-institutional investors demonstrate outstanding participation at 52.87 times and retail investors show good interest at 7.98 times, whilst anchor investors show complete participation at 1.00 times, reflecting exceptional investor confidence in this company.

Vikram Solar IPO subscription reached exceptional 56.42 times on day three, led by Qualified Institutional Buyers Ex-Anchor (145.10x), Non-Institutional Investors (52.87x), and Retail Investors (7.98x). Total applications reached 35,06,503.

Subscription Status of Vikram Solar IPO:

Here are the subscription details for Vikram Solar IPO as of Day 3 (August 21, 2025, 5:04:43 PM):

Vikram Solar IPO Reservation

Key Highlights - Day 3:

• Overall subscription reached exceptional 56.42 times, a spectacular improvement from day two's 4.73 times.
• Qualified institutional buyers (ex-anchor) showing exceptional performance at 145.10 times, building dramatically from day two's 0.12 times.
• bNII category demonstrating outstanding participation at 59.58 times, building substantially from day two's 13.35 times.
• sNII segment showing outstanding performance at 39.46 times, building substantially from day two's 13.85 times.
• Retail investors showing good confidence at 7.98 times, building moderately from day two's 3.62 times.
• Total applications reached 35,06,503, indicating exceptional investor participation for this mainboard IPO.
• Cumulative bid amount reached ₹82,296.51 crores against the issue size of ₹2,079.37 crores.

Vikram Solar IPO - Day 2 Subscription at 4.73 Times

Key Highlights - Day 2:

• Overall subscription reached good 4.73 times, showing significant improvement from day one's 1.57 times.
• sNII segment showing solid performance at 13.85 times, building substantially from day one's 4.19 times.
• Non-institutional investors category displaying solid interest at 13.51 times, building notably from day one's 3.99 times.
• bNII category demonstrating solid participation at 13.35 times, building substantially from day one's 3.90 times.
• Retail investors showing good confidence at 3.62 times, building substantially from day one's 1.43 times.
• Employees showing moderate interest at 2.49 times, building moderately from day one's 1.06 times.
• Qualified institutional buyers (ex-anchor) showing minimal improvement at 0.12 times, building marginally from day one's 0.02 times.
• Total applications reached 15,22,360, indicating good investor participation for this mainboard IPO.
• Cumulative bid amount reached ₹6,891.90 crores against the issue size of ₹2,079.37 crores.

Vikram Solar IPO - Day 1 Subscription at 1.57 Times

Key Highlights - Day 1:

• Overall subscription reached modest 1.57 times, showing limited initial investor interest.
• sNII segment showing good performance at 4.19 times, indicating solid smaller HNI interest.
• Non-institutional investors category displaying good interest at 3.99 times, demonstrating strong HNI appetite.
• bNII category demonstrating good participation at 3.90 times, showing solid larger HNI interest.
• Retail investors displaying modest confidence at 1.43 times, showing cautious retail sentiment.
• Employees showing modest interest at 1.06 times, indicating measured employee participation.
• Qualified institutional buyers (ex-anchor) showing minimal performance at 0.02 times, indicating significant institutional caution.

About Vikram Solar Limited

Incorporated in 2005, Vikram Solar Limited is an Indian solar photovoltaic modules manufacturing company engaged in producing high-efficiency solar PV modules, EPC services and O&M solutions, specializing in monocrystalline silicon based PERC, TOPCon and HJT modules with manufacturing facilities in Kolkata and Chennai, serving customers across 23 states through extensive distributor network and government entities.

The good Day 2 performance indicates growing retail and HNI interest in the solar energy sector, though the continued minimal institutional participation raises concerns about long-term investment appetite as the IPO approaches its final day of subscription on August 21, 2025.