Vikram Solar Ltd has announced its highly anticipated Vikram Solar IPO, setting the IPO price band at ₹315–₹332 per share, nearly 14% lower than its current unlisted shares valuation of ₹385 per share. This strategic pricing creates a clear grey market valuation gap, which could work in favour of IPO investors seeking potential listing gains.
At the upper price band, Vikram Solar’s market capitalisation would be around ₹14,190 crore, positioning it as a significant player in the renewable energy sector.
Pre-IPO Share Correction in Vikram Solar Share Price
Since early June, Vikram Solar share price in the unlisted market has undergone a notable Pre-IPO share correction, dropping from ₹475 to ₹385 per share. This mirrors the trend observed when HDB Finance announced its IPO price band below prevailing unlisted market price trends, leading to similar corrections.
This IPO pricing strategy is not new. Companies such as Tata Technologies, AGS Transact, UTI Asset Management Co Ltd, and PB Fintech have previously adopted a similar approach of pricing IPOs below grey market valuations. Such strategies can often help generate stronger investor participation and healthier subscription numbers.
Broader Trends in the Unlisted Shares Market
The unlisted shares space has been buzzing with activity. Investors are now closely tracking upcoming IPOs from Tata Capital and the National Stock Exchange (NSE):
- • Tata Capital unlisted shares doubled from ₹500 in December 2023 to ₹1,075 in early June 2025 before correcting by over 20% since June.
- • NSE unlisted shares also doubled from ₹1,200 to ₹2,400 in the same period and have seen a similar correction of over 20%.
These movements highlight how unlisted market price trends can be volatile in the run-up to an IPO, particularly when there’s a grey market valuation gap between pre-IPO pricing and the IPO price band.
Vikram Solar IPO Timeline and Key Dates
- • Anchor Book Opens: August 18, 2025
- • IPO Opens: August 19, 2025
- • IPO Closes: August 21, 2025
- • Share Allotment: August 22, 2025
- • Listing Date: August 26, 2025
The coming weeks will be critical to see whether the Vikram Solar IPO pricing strategy pays off and how the Vikram Solar share price performs post-listing.
How RR Finance Can Help You in the Vikram Solar IPO
For those eyeing the Vikram Solar IPO or its unlisted shares before listing, RR Finance offers
- • Early access to Vikram Solar’s unlisted shares for pre-IPO investment.
- • Expert analysis of Vikram Solar share price in both unlisted and IPO markets.
- • Real-time updates on unlisted market price trends .
- • Secure, seamless transactions before listing.
With proven expertise in IPO pricing strategy and pre-IPO share correction , RR Finance helps investors make informed moves and optimise returns.
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Disclaimer : The recommendations, suggestions, views, and opinions expressed by experts are their own and do not reflect the views of RR Finance. This news is for information purposes only, not investment advice.