Vikram Solar IPO Day 1: Subscription only 0.42x, GMP at 16%

The sun is shining on Vikram Solar. As its IPO opened this week, retail chatter lit up across markets. The debut may have seen only a trickle of applications on Day 1, but the grey-market premium of over 16 per cent suggests investors aren’t switching off their interest just yet. Vikram Solar IPO subscription status Day 1 Overall: 0.42x Retail investors (RIIs): 0.47x Non-institutional investors (NIIs): 0.83x QIBs: 0x What does the IPO signal to investors? Growth on the horizon: Order inflows and expansion plans provide a solid growth runway. Premium entry tag: At over 70× earnings, valuations