Vikram Solar IPO Allotment Status: How to Check, Apply, and Analyze
Vikram Solar Ltd., one of India’s largest solar PV module manufacturers, recently concluded its ₹2,079.37 crore initial public offering (IPO). With a subscription rate of 54.63x and a grey market premium (GMP) indicating a 12–15% listing gain, investors are eager to check the IPO allotment status and understand the listing prospects.
Vikram Solar IPO Timeline
| Event | Date |
| IPO Open Date | August 19, 2025 |
| IPO Close Date | August 21, 2025 |
| Allotment Finalization Date | August 22, 2025 |
| Refund Initiation | August 25, 2025 |
| Credit to Demat Account | August 25, 2025 |
| Listing Date | August 26, 2025 |
How to Check Vikram Solar IPO Allotment Status Online
You can check your IPO allotment status using any of the following methods:
Visit: MUFG Intime Allotment Portal
Select “Vikram Solar IPO” from the dropdown
Choose one of the following:
- PAN Number
- Application Number
- DP/Client ID
- Select ASBA or Non-ASBA
- Enter captcha and click “Submit”
Go to: BSE Allotment Status
Select “Equity” as issue type
Choose “Vikram Solar Ltd” from the dropdown
Enter PAN or application number
Submit to view status
3. NSE India
Visit: NSE IPO Allotment Portal
Register using PAN
Login and check allotment status
How to Check IPO Allotment Status by PAN Number
PAN-based allotment checks are available on:
BSE (formerly Bombay Stock Exchange)allotment page
NSE IPO dashboard
This method is especially useful if you don’t have your application number handy.
You can also apply for IPO through net banking using ASBA (Application Supported by Blocked Amount).
Key Vikram Solar IPO Details
| Attribute | Value |
| Price Band | ₹315 – ₹332 |
| Lot Size | 45 shares |
| Minimum Investment | ₹ 14,940 |
| GMP (Grey Market Premium) | ₹45 – ₹50 |
| Estimated Listing Price | ₹377 – ₹382 |
| Registrar | MUFG Intime India Pvt. Ltd |
| Lead Managers | JM Financial, UBS, Nuvama |
Vikram Solar IPO Subscription Rate
| Category | Subscription Times |
| Qualified Institutional Buyers (QIB) | 142.79x |
| Non-Institutional Investors (NII) | 50.90x |
| Retail Individual Investors (RII) | 7.65x |
| Overall Subscription | 54.63x |
Can I Sell Vikram Solar IPO on Listing Day?
Yes, you can sell SME IPO or mainboard IPO shares on the listing day, provided they are credited to your demat account. Vikram Solar shares will be listed on both NSE and BSE on August 26, 2025.
How to Get Confirmed IPO Allotment
While allotment is randomized, here are tips to improve your chances:
- Apply with multiple PANs (family accounts)
- Bid at cut-off price
- Avoid large lot sizes in retail category
- Apply early during the IPO window
Vikram Solar IPO Analysis
Sector: Renewable Energy
Valuation: 25x EV/EBITDA (FY25)
Order Book: 10,340.82 MW (2.3x rated capacity)
Expansion Plans: 15.5 GW by FY26, 20.5 GW by FY27
Backward Integration: Solar cell and battery storage units
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