Vikram Solar IPO allotment. Check Status, GMP and other details

The basis of allotment for Vikram Solar IPO will be out today. Investors who applied for shares in the Rs 2,079.37 crore issue can now check their allotment status online. The stock is scheduled to list on BSE and NSE on August 26. The GMP is around 15% on the allotment day.

The IPO, which opened on August 19 and closed on August 21, received robust demand with 56.42 times subscription. Qualified Institutional Buyers (QIBs) subscribed 145.10 times, Non-Institutional Investors (NIIs) 52.87 times, while the Retail portion was subscribed 7.98 times.

The offer comprised a fresh issue of Rs 1,500 crore and an offer for sale of Rs 579.37 crore, with a price band of Rs 315–332 per share and a lot size of 45 shares.

Investors can check their allotment status through the following portals:

1. Registrar’s Website

Visit MUFG Intime India Allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
Select Vikram Solar IPO
Enter your PAN, application number, or DP/Client ID to check the allotment.

2. NSE Website

Go to NSE IPO Allotment page (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
Choose Equity
Select Vikram Solar
Provide your PAN or application number.

Successful investors will see shares credited to their demat accounts by August 25, 2025, while refunds for others will also be initiated the same day.

Vikram Solar, one of India’s largest solar PV module manufacturers, reported a 37% increase in revenue and 75% rise in profit after tax in FY25.

Its product line includes PERC, TOPCon and HJT high-efficiency modules, with operations spread across domestic and international markets.