Vikram Solar IPO Subscribed Over 14 Times on Day 3: Step-by-Step Guide to Check Allotment Status
- 21st August 2025
- 03:00:00 PM
- 2 min read
Summary
Vikram Solar IPO closed with 14.21x subscription on Day 3, led by NIIs at 27.75x, RIIs 5.19x and QIBs 2.49x. The ₹2,079.37 crore issue (₹315–₹332) is slated for allotment finalisation on 22 August. Investors can check allotment on BSE, NSE and MUFG Intime using PAN/application/demat details
Mumbai | August 21 – The Vikram Solar IPO received robust investor interest, closing with 14.21 times subscription on the third and final day of bidding. Data from the NSE showed bids for 41.99 crore shares against 4.54 crore shares on offer.
The non-institutional investor (NII) category led with 27.75x subscription, retail investors subscribed 5.19x, while the qualified institutional buyer (QIB) portion was booked 2.49x.
The ₹2,079.37 crore issue, priced at ₹315–₹332 per share, includes a fresh issue of ₹1,500 crore and an offer for sale of ₹579.37 crore. Proceeds will be used to fund its wholly owned subsidiary, VSL Green Power, across Phase I and II, and for general corporate purposes.
Vikram Solar, one of India’s largest solar module manufacturers, also offers integrated EPC and O&M solar energy solutions.
Allotment Timeline
- Allotment finalisation: 22 August
- Refund initiation: 23 August
- Credit to demat accounts: 26 August
- Expected listing date: 27 August (tentative)
Step-by-Step Guide: How to Check Vikram Solar IPO Allotment Status
On NSE
- Visit: NSE IPO Allotment Check
- Select ‘Equity & SME IPO bid details’
- Pick ‘VIKRAMSOLR – Vikram Solar’
- Enter PAN & Application Number
- Click Submit
On BSE
- Go to: BSE IPO Status
- Choose Issue Type: Equity
- Select ‘Vikram Solar Ltd’ from the list
- Enter PAN/Application Number
- Click Search
On MUFG Intime India (Registrar)
- Visit: MUFG Intime IPO Portal
- Select ‘Vikram Solar Limited’ from IPOs
- Enter one of: Application No / PAN / DP–Client ID / Account No & IFSC
- Enter captcha → Submit
Vikram Solar IPO Grey Market Premium (GMP)
According to market observers cited by investorgain.com, Vikram Solar shares are quoting at around ₹376 in the grey market, reflecting a 13.25% premium over the issue’s upper price band of ₹332.
Disclaimer: This article is for informational purposes only and is not investment advice or a stock recommendation. PL Capital does not provide investment advice or stock tips. All details are based on publicly available information and market sources. Past subscription numbers, grey market premium, and listing performance do not guarantee future returns. Investors should consult certified financial advisors before making investment decisions.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
