Vikram Solar IPO IPO Allotment Status

The IPO closed with an overall subscription of 56.42x. Here is what that means for each category.

Retail Category: Retail subscription came in at 6.68x based on applications received. In the retail category, SEBI requires allotment by lottery when oversubscription exceeds 1x. At 6.68x, approximately 1 in 7 retail applicants can expect to receive an allotment. Each successful applicant receives a minimum of 1 lot.

Applying from multiple eligible accounts increases household probability but does not improve the chances of any single application.

NII Category: NII subscription was 52.88x based on shares applied. NII allotment is proportional, not by lottery. At this oversubscription level, NII applicants will receive a very small fraction of the shares they applied for.

QIB Category: QIB subscription came in at 145.10x. QIB allotment is handled by the book running lead managers and is not accessible to retail investors.

Check the Vikram Solar IPO IPO Subscription Status for the full category-wise breakdown.

Allotment status will be available from 22 August 2025. There are four ways to check.

Once allotment is finalised on 22 August 2025, the process moves as follows.

If you are allotted shares: Shares will be credited to your demat account on 23 August 2025. You can hold or sell on listing day, 26 August 2025. Based on current GMP of Rs 37.00, the estimated listing price is Rs 369.00 per share.

If you are not allotted shares: Your blocked amount (ASBA) will be unblocked and refunded on 23 August 2025. The refund goes back to the bank account linked to your application. UPI-based applications are unblocked automatically. ASBA applications through net banking are unblocked by your bank.

On listing day: The stock lists on NSE and BSE on 26 August 2025. You can sell your allotted shares from the moment trading begins. There is no lock-in for retail investors in a mainboard IPO.

For listing day updates, follow the IPOwiz Telegram Channel.

The registrar for this IPO is Link Intime India. For allotment queries or discrepancies, you can contact them directly.

Vikram Solar IPO IPO full details including financials, valuation, and review.

Vikram Solar Limited, founded in 2005, is a globally recognized solar photovoltaic (PV) module manufacturer and one of India’s leading solar energy solutions providers. The company operates across the entire solar value chain, offering Solar PV Module Manufacturing, EPC (Engineering, Procurement, and Construction) services for turnkey solar power projects, and O&M (Operations & Maintenance) services. As of March 31, 2024, the company had a manufacturing capacity of 4.

Check your allotment status from 22 August 2025 on the IPOwiz Allotment Checker. For listing day updates on 26 August 2025, follow the IPOwiz Telegram Channel or download the IPOwiz App.