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Vikram Solar’s highly anticipated initial public offering (IPO) allotment status is now available for investors who participated in the Rs 2,079 crore issue. With a strong subscription of over 56 times, this IPO has attracted significant market interest and is poised for a promising listing scheduled on August 26, 2025. Investors can now verify their allotment status online and prepare for the expected listing debut.
Key Highlights from Vikram Solar’s IPO Process and Allotment
The IPO received an overwhelming response, subscribed 56.42 times overall, with Qualified Institutional Buyers (QIBs) showing 145.10 times subscription, Non-Institutional Investors (NIIs) at 52.87 times, and the Retail segment subscribed 7.98 times
The IPO was a mix of a fresh issue of Rs 1,500 crore and an offer for sale of Rs 579.37 crore, priced between Rs 315 and Rs 332 per share with a lot size of 45 shares
Investors can check their allotment status on official platforms such as the MUFG Intime India portal, BSE, and NSE websites by entering their PAN, application number, or DP/Client ID
Shares will be credited to the demat accounts of successful applicants by August 25, while refunds for unsuccessful applicants will also commence the same day
The Grey Market Premium (GMP) for Vikram Solar IPO stands at approximately 15% on the allotment day, indicating strong listing expectations, with an estimated listing gain over the issue price
About Vikram Solar and Its Market Position
Vikram Solar is one of India’s leading solar photovoltaic (PV) module manufacturers with a 3.5 GW installed capacity as of March 2024
The company offers a diverse portfolio including PERC, TOPCon, and HJT high-efficiency solar modules, catering to both domestic and international markets
Vikram Solar has reported robust financial performance, with a 37% increase in revenue and a 75% rise in profit after tax in the fiscal year 2025
It enjoys a Tier-1 BloombergNEF ranking and is listed on the Approved List of Models and Manufacturers (ALMM), underscoring its quality and reliability
Subscription and Investor Response Overview
The retail investor portion saw a healthy 7.98 times subscription indicating widespread confidence amongst individual investors. Institutional investors led by QIBs contributed robust demand intensities, reflecting positive market sentiment toward the company’s growth prospects and Indian solar energy sector dynamics.
How to Check Vikram Solar IPO Allotment Status
Visit the MUFG Intime India allotment portal, BSE, or NSE official websites
Select the Vikram Solar IPO section
Input your PAN card number, application number, or DP/Client ID to view your allotment status
Check your demat account by August 25 for share credit if allotted
Upcoming Listing and Market Outlook
Vikram Solar’s shares are set to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 26, 2025. Market analysts expect an enthusiastic market debut backed by the company’s strong fundamentals, sector tailwinds, and positive GMP trends.
The IPO proceeds will primarily be deployed for scaling up solar manufacturing and expanding Vikram Solar’s wholly owned subsidiary, VSL Green Power, along with general corporate purposes. The company’s strategic focus on innovation, capacity expansion, and sustainability positions it well to benefit from India’s renewable energy transition.
In summary, the allotment of Vikram Solar’s IPO marks a critical step in its public market journey. Investors are advised to promptly check their allotment online and monitor the upcoming listing for potential gains.
Sources: Economic Times, CNBC TV18, NDTV Profit, Groww, MUFG Intime India, NSE India, BSE India
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