Vikram Solar increases £ 620.8 from anchor investors before IPO: What we know

The Solar Power Manufacturing company Vikram Solar increased Rs.620.8 crore of anchor investors before the initial public offer (IPO) which will be opened on August 19, 2025, the company said in an official submission to the exchanges. Vikram Solar has allocated 1.87 crore of equity shares at £ 332 each to anchor investors, including BNP Paribas, Citigroup, Franklin Templeton Mutual Fund, Goldman Sachs, HSBC, ICICI Prudential Life, Kotak Mutual Fund, Morgan Stanley, Nippon Mutual Fund, Singularity Equity Fund I, SBI General Insurance, Tata Mutual Fund, Singularity Equity Fund I, SBI General Insurance, Other, on August 18, said this during the filing. “The anchor book reflects a good mix of domestic mutual funds, foreign portfolio and insurance companies,” according to the company. What was the allocation of shares to anchor investors? From the total allocation of 1.87 crore equity shares to the anchor investors, 97.96 lakh equity shares were allocated by a total of 22 schemes to nine domestic mutual funds (MF), ie 52,39 percent of the total anchor book size. Eqirus Capital, JM Financial, Nuvama Wealth Management, PhillipCapital (India) and UBS Securities India is the book running through the book; While Mufg Intimse India is the registrar of the issue. Vikram Solar IPO details Vikram Solar’s bursary trading The company is a mixture of fresh edition of shares up to £ 1,500 crore and an offer for sale to 1,74,50,882 stock shares -promoter and promoter group sales shareholders. The offer also contains a subscription discussion by eligible employees in the employee discussion portion. The IPO opens on August 19 for subscription and closes on August 21, 2025. The price tape for the offer was determined at £ 315-332 per share. The IPO fetches £ 2,079.37 crore at the top of the price tape. Investors can bid for a minimum of 45 shares and in multiples of 45 shares. No more than 50 percent of the net offer will be available on a proportional basis for allocated basis to qualified institutional buyers; No less than 15 percent of the net offer is available for the award to non-institutional bidders, and no less than 35 percent of the net offer is available for allocation to retailers.