How to Check Vikram Solar IPO Allotment Status?

Vikram Solar Limited is a solar photo-voltaic modules manufacturer specializing in the production of high-efficiency solar PV modules, comprehensive EPC solutions, and operations and maintenance services, incorporated in 2005. The company operates manufacturing facilities at Falta SEZ, Kolkata, West Bengal and Oragadam, Chennai, Tamil Nadu, with 1,612 employees and 974 contractual employees as of March 31, 2025, serving 23 states and three union territories through an extensive distributor network of 41 authorized distributors, 64 dealers and 67 system integrators.

The Vikram Solar IPO came with a total issue size of ₹2,079.37 crore, comprising a fresh issue of 4.52 crore shares aggregating to ₹1,500.00 crore and offer for sale of 1.75 crore shares aggregating to ₹579.37 crore. The IPO opened on August 19, 2025, and closed on August 21, 2025. The allotment for the Vikram Solar IPO is expected to be finalized on Friday, August 22, 2025. The Vikram Solar IPO share price band was set at ₹315 to ₹332 per share.

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Steps to Check Vikram Solar IPO Allotment Status on Registrar Site

• Visit the MUFG Intime India Pvt.Ltd. website 
• Select "Vikram Solar" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Vikram Solar IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Vikram Solar" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Vikram Solar IPO Subscription Status

Vikram Solar IPO received exceptional investor interest, being subscribed 56.42 times overall. The subscription showed outstanding confidence across categories in the Vikram Solar IPO stock price potential. Here is a category-wise breakdown of the subscription as of 5:04:43 PM on August 21, 2025:

• Non-Institutional Investors (NII): 52.87 times.
• QIB Category: 145.10 times.

Vikram Solar Share Price and Investment Details

The Vikram Solar IPO stock price band was set at ₹315 to ₹332 per share with a minimum lot size of 45 shares. The minimum investment required for retail investors was ₹14,940 for 1 lot (45 shares). The issue included up to 1,86,99,120 shares allocated to anchor investors raising ₹620.81 crore. Given the exceptional subscription response of 56.42 times overall, with QIB category showing outstanding response at 145.10 times and NII demonstrating exceptional response at 52.87 times, the Vikram Solar IPO share price is expected to list with exceptional to phenomenal premium.

Utilisation of IPO Proceeds

The IPO is a complete offer for sale. Hence, the company will not receive any proceeds. The objective of the issue is to:

• Partial funding of capital expenditure for the Phase-I Project: ₹769.73 crore.
• Funding of capital expenditure for the Phase-II Project: ₹595.21 crore.
• General corporate purposes: Remaining amount.

Business Overview

Vikram Solar Limited is one of India's largest solar photo-voltaic modules manufacturers, specializing in high-efficiency solar PV modules including p-type monocrystalline silicon based PERC modules, n-type monocrystalline silicon based TOPCon modules, and n-type monocrystalline silicon based heterojunction technology modules.