The renewable energy sector is buzzing with excitement as Vikram Solar IPO closes today, marking one of the most anticipated public offerings of 2025. With a massive ₹2,079.37 crore issue size and strong institutional interest, this solar energy giant is capturing investor attention across India’s capital markets.
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Vikram Solar IPO Details at a Glance
Today marks the final bidding day for the Vikram Solar IPO, which opened on August 19, 2025. Here are the essential details every investor needs to know:
| IPO Details | Information |
|---|---|
| Issue Size | ₹2,079.37 crores |
| Price Band | ₹315 – ₹332 per share |
| Subscription Period | August 19-21, 2025 |
| Allotment Date | August 22, 2025 |
| Listing Date | August 26, 2025 |
| Exchanges | BSE & NSE |
All dates are tentative and subject to market conditions
Current Subscription Status & Market Response
By the end of Day 2, the IPO received a total subscription of 1.51x, showing healthy investor interest in the renewable energy sector. Non-Institutional Buyers led the charge with 3.99 times their quota, while retail investors subscribed 1.43 times.
Grey Market Premium (GMP) Performance
The GMP has shown impressive movement throughout the IPO period. Vikram Solar IPO GMP reached a high of ₹72 on August 13 against a low of ₹45 on August 21. However, the GMP dropped from ₹54 on the day before IPO opening to ₹48 on August 19, 2025.
Company Overview & Business Fundamentals
Vikram Solar stands as a prominent player in India’s solar energy ecosystem. As of March 31, 2025, the company employs 1,612 permanent employees and 974 contractual employees, demonstrating significant operational scale.
Use of IPO Proceeds
The company plans strategic utilization of the net proceeds:
- Phase-I Project Funding: Capital expenditure for expansion
- Phase-II Project Development: Long-term growth initiatives
- Subsidiary Investment: Partially funding capital expenditure by investing in wholly owned subsidiary, VSL Green Power Private Limited
Investment Analysis & Market Outlook
The renewable energy sector offers compelling growth prospects amid India’s clean energy transition. Vikram Solar’s positioning in this expanding market presents both opportunities and considerations for potential investors.
Analyst Perspectives
While analysts have raised concerns about the company’s high valuation, the strong Grey Market Premium suggests potential listing gains. The mixed sentiment reflects typical IPO dynamics where valuation concerns compete with sector optimism.
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How to Check Allotment Status Online
Once the basis of allotment is finalized by August 22, 2025, investors can check their status through multiple channels:
- Registrar Website: Link Intime India Private Limited
- BSE/NSE Portals: Official exchange websites
- Broker Platforms: Through your trading account
- PAN/Application Number: Use either for status verification
Key Investment Considerations
Strengths:
- Leading position in India’s solar energy market
- Strong government policy support for renewable energy
- Experienced management team and operational expertise
Risks:
- High valuation multiples compared to industry peers
- Competitive solar manufacturing landscape
- Dependency on government policies and subsidies
Listing Expectations & Timeline
The tentative listing date on BSE and NSE is August 26, 2025, giving investors just a few days post-allotment to prepare for trading. The current GMP levels suggest potential listing premium, though market conditions will ultimately determine opening prices.
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Frequently Asked Questions
Q: What is the current Grey Market Premium for Vikram Solar IPO?
A: The Vikram Solar IPO GMP has fluctuated between ₹45-₹72 during the subscription period. While it reached a high of ₹72 on August 13, it had moderated to around ₹48 by the opening day, reflecting typical pre-listing volatility and market sentiment changes.
Q: When will Vikram Solar IPO allotment results be announced?
A: The allotment basis will be finalized on August 22, 2025, with results typically available by evening. Investors can check their allotment status online using their PAN number or application number through the registrar’s website or official exchange portals.
