Vikram Solar IPO Allotment Status: Check Latest GMP, Steps to Verify Status

The basis of allotment for the ₹2,079.37 crores Vikram Solar IPO will be announced today, 22 August 2025. The bidding window was open from August 19, 2025, to August 21, 2025, during which the IPO received a total subscription of 54.63 times.

Procedure to Check Vikram Solar IPO Allotment Status Online On NSE

• Visit the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details”.
• In Select Symbol, select “VIKRAMSOLR”.
• Enter your PAN No. and application No. 
• Click “Submit”.

Procedure to Check Vikram Solar IPO Allotment Status Online On BSE

• Click here to visit the application status page. 
• In Issue Type, “Equity”.
• In Issue Name, select “Vikram Solar LIMITED”.
• Enter your “Application No.” or “PAN No.”
• Click on “I am not a robot”.
• Click “Submit”.

Procedure to Check Vikram Solar IPO Allotment Status on MUFG Intime India Private Limited (Registrar to the issue)

• Click here to visit MUFG Intime’s application status page. 
• Under, Please select company, select “Vikram Solar Limited”.
• Enter any of the following details. 
• • • PAN
    • App. No.
    • DP/Client ID  
    • Account No / IFSC
• Click “Submit”.

Vikram Solar IPO Details

Vikram Solar IPO is a book-building issue of ₹2,079.37 crores, consisting of a fresh issue of ₹1,500 crores and an offer for sale of ₹579.37 crores. The price band is set between ₹315 and ₹332 per share. 

Book running lead managers for the IPO are JM Financial Limited, Nuvama Wealth Management Limited, UBS Securities India Private Limited, Equirus Capital Private Limited, and PhillipCapital (India) Private Limited, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.

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Vikram Solar IPO Overall Subscription Status

[21 August, 2025, End of the day]

Use of Proceeds

The net proceeds from the fresh issue will be used towards the following objectives: 

• To partially fund capital expenditure in the wholly owned subsidiary VSL Green Power Private Limited, based in Tamil Nadu, for setting up an integrated facility capable of producing 3,000 MW of solar cells and 3,000 MW of solar modules.
• To support additional capital expenditure aimed at doubling the solar module production capacity. 
• General corporate purposes 

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Vikram Solar IPO GMP Details

As of 22 August 2025, Vikram Solar IPO’s GMP stood at ₹45. The estimated listing price is ₹377, i.e., a 13.55% gain per share over the upper price band.

Source:  Business Standard Report dated 22 August 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market-related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor do we recommend or endorse trading in the grey market.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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