The allotment status for the Vikram Solar IPO is now available, marking a significant step towards its listing on August 26. The IPO witnessed substantial oversubscription, reflecting strong investor confidence in the company's growth prospects. Successful allottees can anticipate share credits in their demat accounts by August 25.
The market is abuzz as the allotment status for the Vikram Solar Unlisted Shares IPO has been officially released today, August 22, 2025. This development precedes the highly anticipated listing of shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) scheduled for August 26, 2025. Investors who participated in the ₹2,079.37 crore public offering can now check their allotment status online through the registrar’s website, MUFG Intime India, or the NSE website.
The IPO, which was open for subscription from August 19 to August 21, garnered considerable attention and was oversubscribed by an impressive 56.42 times. The strong demand was driven by diverse investor categories, with Qualified Institutional Buyers (QIBs) subscribing 145.10 times their allotted quota, Non-Institutional Investors (NIIs) subscribing 52.87 times, and the Retail portion being subscribed 7.98 times. This robust response underscores the market's positive outlook on Vikram Solar’s future.
The IPO included a fresh issue of ₹1,500 crore and an offer for sale of ₹579.37 crore. Shares were offered within a price band of ₹315 to ₹332 per share, with a lot size of 45 shares. The Grey Market Premium (GMP) is currently around 15% on the allotment day, indicating further investor optimism.
To check the allotment status, investors can visit the MUFG Intime India Allotment page and select the Vikram Solar IPO. They will need to enter their PAN, application number, or DP/Client ID to view their allotment status. Alternatively, investors can visit the NSE IPO Allotment page, choose Equity, select Vikram Solar, and provide their PAN or application number.
Successful allottees will receive shares in their demat accounts by August 25, 2025, while refunds for those who were not allotted shares will be initiated on the same day. This seamless process ensures efficient participation in the equity markets.
Vikram Solar Unlisted Shares, one of India’s leading solar PV module manufacturers, has demonstrated strong financial performance, reporting a 37% increase in revenue and a 75% rise in profit after tax in FY25. The company’s diverse product portfolio includes PERC, TOPCon, and HJT high-efficiency modules, catering to both domestic and international markets. This financial growth and diverse product offering position Vikram Solar favorably in the competitive solar energy sector.
The successful IPO allotment and upcoming listing represent a significant milestone for Vikram Solar Unlisted Shares, providing the company with increased financial flexibility to pursue its growth strategies and expand its market presence. For investors, this presents an opportunity to participate in the growth of a leading player in the renewable energy sector, poised to benefit from the increasing global demand for solar power. The strong subscription numbers and positive GMP suggest that the market anticipates a promising future for Vikram Solar, making its listing a key event to watch.
