New Delhi, Aug. 21 -- Vikram Solar IPO Subscription Status: The initial public offering (IPO) of Vikram Solar closed with a massive subscription on Thursday, August 21, amid strong demand from all quotas of investors, positive brokerage views and decent grey market premium (GMP).

Vikram Solar IPO had sailed through on the first day of the bidding process itself, closing with over 6 times subscription.

Vikram Solar IPO was booked 54.63 times at the end of the third day of the bidding process. The qualified institutional buyer (QIB) portion was subscribed the most at 142.79 times, the non-institutional investor (NII) portion was booked 50.90 times and the retail portion received 7.65 times bids. Lastly, the employee quota saw 4.84 times s...