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Vikram Solar IPO Day 2, Vikram Solar IPO Details: The Rs 2,079.37-crore initial public offering (IPO) of Vikram Solar has been subscribed 3.16 times so far on the second day of bidding, Wednesday, August 20.

According to BSE data, the issue received bids for 14.32 crore shares against 4.53 crore shares on offer as of 1:09 pm.

Category-wise, non-institutional investors (NIIs) showed the highest interest, with 8.58 times subscription. In contrast, qualified institutional buyers (QIBs) subscribed just 5 per cent of their quota. The retail investor portion was subscribed 2.59 times.

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- Rs 769.7 crore for Phase-I investment in VSL Green Power

- Rs 595.2 crore for Phase-II investment in the same subsidiary

- Rs 135.1 crore for general corporate purposes

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Vikram Solar is one of India’s largest solar PV module manufacturers, with 4.50 GW installed capacity. It has more than 17 years of industry experience and is expanding aggressively into:

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