Vikram Solar IPO Allotment Status: Here’s How to Check Allotment Online
[As on 22nd August 2025, 04:50 PM] The allotment of shares for Vikram Solar’s ₹2079.37 crores IPO is expected to commence today, August 22, 2025. Subscription for the IPO closed on August 21, 2025. The IPO ran from August 19 to August 21 and was priced between ₹315 and ₹332 per share. The IPO of Vikram Solar comprised a fresh issue and an offer for sale aggregating up to ₹1500 crores and ₹579.37 crores, respectively.
As of 21st August, 2025, the IPO of Vikram Solar was subscribed 142.79 times by qualified institutional buyers, 7.65 times by retail individual investors and 50.9 times by non-institutional investors . You can learn more about the Vikram Solar IPO
Use of Proceeds
The company proposes to utilise the IPO proceeds for:
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Partial capital expenditure funding through investment in its wholly owned subsidiary, VSL Green Power Private Limited, for setting up an integrated 3,000 MW solar cell and 3,000 MW solar module manufacturing facility (Phase I Project).
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Funding of capital expenditure through investment in its wholly owned subsidiary, VSL Green Power Private Limited, for expanding the manufacturing capacity of the solar module manufacturing facility set up under the Phase-I Project from 3,000 MW to 6,000 MW at the Project Site (Phase-II Project).
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General corporate purposes.
If you want to check the allotment status of Vikram Solar IPO, you can do so online via:
- MUFG Intime India Pvt Ltd
- BSE India
- NSE India
Vikram Solar IPO Subscription Status
(As On, August 21, 2025, 05:00 PM)
| Date | Total | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP |
|---|---|---|---|---|---|---|---|
Day 1 | 1.57 | 0.02 | 3.99 | 3.90 | 4.19 | 1.43 | 1.06 |
Day 2 | 4.73 | 0.12 | 13.51 | 13.35 | 13.85 | 3.62 | 2.49 |
Day 3 | 56.87 | 145.10 | 52.87 | 59.58 | 39.46 | 7.98 | 5.10 |
Vikram Solar IPO Allotment Date and Timeline
| Event | Date |
|---|---|
IPO opened on | August 19, 2025 |
IPO closed on | August 21, 2025 |
Basis of allotment | August 22, 2025 |
Initiation of refunds | On or about August 25, 2025 |
Credit of shares to Demat account | On or about August 25, 2025 |
Listing date | On or about August 26, 2025 |
How to Check Vikram Solar IPO Allotment Status?
You can check your IPO allotment status through the following methods:
1. BSE Website
- Go to the BSE website
- Click on ‘Status of Issue Application’ under ‘Investor Services’
- Click on ‘Application Status Check’
- Choose the ‘Issue Type’ and ‘Issue Name’
- Enter either your PAN or Application Number
- Tick the box ‘I’m not a robot’
- Click on ‘Search to view allotment status
2. Registrar Website
- Visit the official website of MUFG Intime India Pvt Ltd
- Click on ‘Rights Issues’ under ‘Investor Services’
- Click on ‘Check Allotment Status’
- Choose ‘Company Name’ and enter either your ‘Demat account no, CAF or Folio No’
- Click on ‘Submit’ to know the status
3. NSE Website
The National Stock Exchange (NSE) has an IPO bid verification module. You can use it to check the status of Vikram Solar. Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click 'Submit' to know the allotment status.
Kindly keep your PAN/Application Number/DP ID ready while checking allotment status.
Vikram Solar IPO Details
| Detail | Info |
|---|---|
Issue Size | ₹2079.37 crores |
Price Band | ₹315 - 332 per share |
Lot Size | 45 shares |
Listing Exchanges | BSE and NSE |
Lead Managers | JM Financial Ltd, Nuvama Wealth Management Ltd, UBS Securities India Private Ltd, Equirus Capital Private Ltd, Phillip Capital (India) Private Ltd |
Registrar | MUFG Intime India Pvt Ltd |
What If You Didn’t Get the Allotment?
If you didn’t receive allotment:
- Refunds will be initiated on or about August 25, 2025
- The amount will be credited to your bank account linked to UPI
On the other hand, if allotted shares will reflect in your Demat by August 25, 2025.
When is Vikram Solar Listing?
The shares are expected to be listed on BSE and NSE on or about August 26, 2025. You can track listing gains/losses on Kotak Securities.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.