Vikram Solar IPO: What You Need to Know About Today’s Allotment Status

The much-anticipated Vikram Solar IPO has generated considerable buzz, and today, Friday, August 22, 2025, marks a pivotal moment—allotment status is being finalized. Here’s a comprehensive overview to keep investors informed and ahead of the curve.

1. Subscription Snapshot & Investor Sentiment

Vikram Solar’s IPO saw an overwhelming response:

• Subscriptions soared to roughly 54–56× overall. The IPO comprises a fresh issue of ₹1,500 crore and an Offer-For-Sale (OFS) of around ₹579–580 crore.
  
• Breakdown by category:
  
  • QIBs: ~143×
    
  • NIIs: ~51–53×
    
  • Retail: ~8–8.1×
• This level of demand underscores strong investor confidence in the renewables leader.

2. How to Check Your Allotment Status

Here’s how investors can verify their allocation today:

• Visit the registrar’s website, MUFG Intime India (formerly Link Intime India), and enter your PAN, application number, or DP/Client ID.
  
• Alternatively, head to the NSE platform or BSE website:
  
  • On NSE, choose “Equity & SME IPO bid details,” then enter your PAN or application number.
    
  • On BSE, select “Equity,” the issue name, and fill in your details.
    

3. Timeline: Allotment, Refunds, and Listing

Key dates to note:

• Allotment finalized: August 22, 2025 (today)
  
• Refunds: Disbursed to those not allotted shares on Monday, August 25
  
• Shares credited to demat accounts: August 25, 2025

4. Grey Market Premium (GMP) & Potential Listing Pop

Investors are keeping a close eye on GMP trends:

• Early signals indicate GMP of around ₹45–50, implying a 13–15% listing gain.
• Some optimistic estimates put GMP between ₹52–55, suggesting a 16–17% upside.
  

5. Why the Vikram Solar IPO Matters

Vikram Solar is making strategic strides:

• One of India’s largest pure-play solar PV module manufacturers, with ~4.5 GW installed capacity as of FY25.
  
• Robust order book (~10.34 GW), driving long-term growth visibility.
  
• Funding from the IPO will fuel capacity expansion, including a new 6 GW integrated cell-module facility in Tamil Nadu, among other projects.

6. What Should Investors Do Next?

• Check your allotment now through the registrar, NSE, or BSE.
  
• If allotted shares, expect them in your demat account on August 25.
  
• If no allocation, expect refunds by the same date.
  
• Prepare for the listing on August 26; GMP suggests potential listing gains between 13–17%.
  
• Keep tabs on market movements—prices may fluctuate leading up to or after listing.
  

Final Thoughts

The Vikram Solar IPO has proven to be a powerhouse: immensely oversubscribed, backed by marquee institutions, and geared for growth in India’s booming renewable energy sector. With allotment being finalized today, investors are on the verge of realizing potential gains and long-term value in a company powering India’s green future.

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