The basis of allotment for the ₹2,079.37 crore Vikram Solar IPO will be announced today, August 22, 2025. The public issue, which opened for bidding between August 19 and August 21, received an overall subscription of 54.63 times, reflecting strong demand across investor categories.
According to exchange data, the Qualified Institutional Buyers (QIB) portion was subscribed 142.79 times, Non-Institutional Investors (NIIs) 50.90 times, Retail Individual Investors (RIIs) 7.65 times, and the employee quota 4.84 times.
The IPO comprised a fresh issue worth ₹1,500 crore and an offer for sale of ₹579.37 crore, with the price band fixed between ₹315 and ₹332 per share. Based on grey market trends as of August 22, the IPO was quoting a premium of ₹45, suggesting a potential listing price of ₹377 per share — about 13.55% higher than the upper price band.
How to check Vikram Solar IPO allotment status
On NSE:
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Visit the NSE’s IPO allotment verification page.
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Select the issue symbol.
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Enter your PAN and application number.
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Click “Submit” to view status.
On BSE:
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Visit the BSE IPO application status page.
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Select issue type and issue name.
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Enter PAN or application number.
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Click “Submit” to check allotment.
On MUFG Intime (Registrar):
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Visit MUFG Intime’s IPO status page.
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Under issue name, select Vikram Solar.
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Enter any one detail: PAN, application number, DP/Client ID, or account number with IFSC.
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Click “Submit” to verify status.
Use of proceeds
Funds raised from the fresh issue will be used to partially finance capital expenditure at VSL Green Power Private Limited, Vikram Solar’s wholly owned subsidiary, for establishing an integrated facility in Tamil Nadu with 3,000 MW solar cell and 3,000 MW solar module capacity. Additional proceeds will go toward doubling module capacity, general corporate purposes, and other expansions.
JM Financial, Nuvama Wealth, UBS Securities, Equirus Capital, and PhillipCapital acted as book-running lead managers, while MUFG Intime India Private Limited is the registrar.
