Vikram Solar and Shreeji Shipping Steal the Spotlight Amidst 7 Company IPO Rush Next Week

Aug, 19 2025

Surge of IPOs in the Indian Primary Market

If you thought the Indian primary market would slow down with the economic rollercoaster, think again. The coming week is packed with seven fresh IPOs, but the ones that everyone's watching are Vikram Solar and Shreeji Shipping Global. Both opened their subscriptions on August 19, 2025, setting off quite a buzz among investors.

Vikram Solar, a major player in solar panels since 2009, has rolled out a ₹2,079.37 crore IPO. Here’s the scoop: ₹1,500 crore is a fresh issue, while ₹579.37 crore is an offer for sale. Shares are priced at ₹315-332 each. The company isn’t shy about growth. What started with just 12 MW capacity, is now 3.5 GW, and they're aiming to hit 10.5 GW by FY26 and a whopping 15.5 GW by FY27. Before the floodgates opened for the general public, Vikram Solar got a strong boost—raising ₹621 crore from anchor investors on August 18, just a day before the public launch. The momentum has been instant, with retail investors joining in from the first day.

Shreeji Shipping Global has gone live with a ₹410.71 crore IPO at ₹240-252 per share. What’s in the bag? It’s an entire fresh issue—1.63 crore shares, each with a minimum lot size of 58 shares. If you’re thinking about jumping in, you’ll need at least ₹14,616 to start. This company, around since the 90s, commands a fleet of over 80 vessels and more than 370 heavy machines. Their main game is dry bulk cargo, shuffling goods through non-major ports across India and to Sri Lanka.

What to Expect and Where the Money Goes

Both IPOs stay open until August 21. After that, allotment day is set for August 22, and the much-anticipated listing should hit both BSE and NSE on August 26. Investors and market watchers are buzzing about the Grey Market Premium (GMP) for Shreeji Shipping, which is sitting at about 12%. Nothing too crazy, but definitely positive—often a good sign for how shares might perform when trading kicks off.

Digging into Shreeji Shipping Global’s recent performance, they’ve put up some strong numbers for FY25: revenue clocked in at ₹610.5 crore, with a 33% EBITDA margin—a pretty healthy spot to be in. Their profit hit ₹141.2 crore, showing they know how to run a tight ship (pun intended). The IPO money is already earmarked. Most of it—₹251 crore—will snap up bulk carrier ships in the supramax class, while ₹23 crore goes to clean up debt, and the rest to general business needs.

Vikram Solar is thinking big as well. Their proceeds are mainly for cranking up their manufacturing muscle, including a brand-new 3 GW solar cell plant in Tamil Nadu. They’re set on riding India’s green energy push, and this cash injection is a concrete leap toward scaling their production lines at breakneck speed.

Both IPOs show strong initial investor interest, judging by the early subscription numbers. Book running and paperwork are being handled by Beeline Capital Advisors for Shreeji Shipping and Bigshare Services for the registrar duties. If you’re following India’s IPO scene, keep your eyes on the listing day—it could be the start of a fresh wave in the markets, especially for anyone betting on solar power or shipping logistics.