Vikram Solar's initial public offering (IPO) saw strong demand from investors, particularly from qualified institutional buyers (QIBs) and non-institutional investors (NIIs). By the end of the third day, the Rs 2,079-crore public issue received 54.63 times subscription, with bids for 2.47 billion shares against 45.36 million shares on offer.
The QIB category was subscribed 142.79 times, the NII category received 50.90 times bids, while the retail investors category was subscribed 7.65 times, and the employee quota was subscribed 4.84 times.
Vikram Solar IPO GMP Today, Expected Listing Price
According to websites that track grey market premiums (GMP) on unlisted shares of IPO-bound companies, the Vikram Solar IPO is commanding a GMP of Rs 37 per share, as of 4:50 PM, August 22. The issue, which was priced between Rs 315 and Rs 332 per share, saw strong demand and was subscribed at the upper end of the price band.
At Rs 322 per share, the expected listing price of Vikram Solar IPO would be Rs 369 per share, a premium of 11.14 per cent.
Vikram Solar IPO Allotment Today
Allotment of shares is scheduled for later today, August 22, 2025. Investors who applied for the Vikram Solar IPO can check their allotment status on the official website of the registrar and transfer agent, which is MUFG Intime in this case.
Investors can also check on the websites of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
How To Check Vikram Solar IPO Allotment Status Online Via MUFG Intime
Go to the official website of MUFG Intime
On the home page, navigate to the "Investor Services" tab and click on "Public Issues"
Select "Vikram Solar Limited IPO" from the drop-down menu
Enter either of the following details:
PAN card number, Application number, depository participant ID/client ID, bank account number / IFSC code
Click on "Submit"
Your IPO allotment status will be displayed on the screen
How To Check Vikram Solar IPO Allotment Status Online Via BSE Website
Go to the official website of BSE
Click on the "Investors" section
Navigate to the "Investor Services" tab and click on "Status of the Issue Application"
On the next page, click on "Check Status", or on the hyperlinked "Application Status Check" text at the lower end of the page
In the form that appears, select issue type as "Equity"
Under the "Issue Name", select "Vikram Solar Limited"
Enter either your application number or PAN card number
Complete the captcha by clicking on "I'm not a robot"
Click on "Search"
Your IPO allotment status will be displayed on the screen
How To Check Vikram Solar IPO Allotment Status Online Via NSE Website
Go to NSE's official website
Navigate to the "Invest" tab and click on the "Resources & Tools" section
Navigate to "Check Trades/Bids" and click on "Verify IPO bids"
From the form that appears, click on "Equity & SME IPO bid details"
Under the "Select Symbol" option, select "VIKRAMSOLR"
Enter either your PAN card number or application number
Click on "Submit"
Your IPO application status will be displayed
About Vikram Solar
Vikram Solar was founded in 2005 and manufactures high-efficiency solar photovoltaic (PV) modules. According to its official website, the company caters to both domestic and international markets.
Apart from manufacturing, Vikram Solar also provides Engineering, Procurement, and Construction (EPC) services for solar energy projects. It also offers operations and maintenance (O&M) services to help optimise the performance and lifespan of solar installations.
The company operates from two manufacturing facilities, one at the Falta special economic zone (SEZ) in Kolkata, West Bengal, and another from Oragadam, Chennai, Tamil Nadu.
Vikram Solar IPO Objective
Of the Rs 2,079 crore issue size, Rs 1,500 crore is fresh issue and the rest Rs 579 crore is an offer for sale (OFS) component.
Vikram Solar plans to use the Rs 1500 crore net proceeds for partial funding of capital expenditure for the Phase-I project, allocating around Rs 770 crore; for funding of capital expenditure for the Phase-II project, allocating Rs 595 crore; and the rest for general corporate purposes.
