Vikram Solar Limited IPO GMP

Vikram Solar is one of India’s largest module manufacturers, in terms of operational capacity, with 4.5 GW of installed manufacturing capacity for solar PV modules, Producing N-Type, HJT bifacial PV modules across their factories located at Falta SEZ, Kolkata, West Bengal and at Oragadam in Chennai, Tamil Nadu. Both of these factories are strategically located with access to ports, rail and roads helping facilitate both our domestic as well as international operations. 

Vikram Solar, an Book Built Issue, amounting to ₹ 2,079.37 Crores, consisting an Fresh Issue of 4.51 Crore Shares worth ₹ 1,500.00 Crores and an Offer for Sale of 1.74 Crore Shares totaling to ₹ 579.37 Crores. The subscription period for the Vikram Solar IPO opens on August 19, 2025, and closes on August 21, 2025. The allotment is expected to be finalized on or about Friday, August 22, 2025, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Tuesday, August 26, 2025.

The Share Price Band of Vikram Solar IPO is set at ₹ 315 to ₹ 332 per equity share. The Market Capitalisation of the Vikram Solar at IPO price of ₹ 332 per equity share will be ₹ 12,009.01 Crores. The lot size of the IPO is 45 shares. Retail investors are required to invest a minimum of ₹ 14,940 (45 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (630 shares), amounting to ₹ 2,09,160.

JM Financial Limited, Nuvama Wealth Management Limited, UBS Securities India Private Limited, Equirus Capital Private Limited and PhillipCapital (India) Private Limited are the book running lead manager of the Vikram Solar, while MUFG Intime India Private Limited is the registrar for the issue. 

Vikram Solar Limited IPO GMP Today
The Grey Market Premium of Vikram Solar IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Vikram Solar Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 21 August, 2025, the Vikram Solar Limited IPO live subscription status shows that the IPO subscribed 24.71 times on its Final Day of subscription period. Check the Vikram Solar IPO Live Subscription Status Today at BSE.

Vikram Solar IPO Anchor Investors Report
Vikram Solar has raised ₹ 620.81 Crores from Anchor Investors at a price of ₹ 332 per shares in consultation of the Book Running Lead Managers. The company allocated 1,86,99,120 equity shares to the Anchor Investors. Check Full List of Vikram Solar Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Vikram Solar Limited Day Wise IPO GMP Trend

Vikram Solar Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Vikram Solar IPO allotment date is 22 August, 2025, Friday. Vikram Solar IPO Allotment will be out on 22nd August, 2025 and will be live on Registrar Website from the allotment date. Check Vikram Solar IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Vikram Solar Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Vikram Solar Limited IPO
Vikram Solar to utilise the Net Proceeds towards the following objects: 
1. ₹ 7,697.30 Million is required for Partial funding of capital expenditure through investment in our wholly owned Subsidiary, VSL Green Power Private Limited for the Phase-I Project;
2. ₹ 5,952.08 Million is required for Funding of capital expenditure through investment in our wholly owned Subsidiary, VSL Green Power Private Limited for the Phase-II Project; and
3. General corporate purposes.

Refer to Vikram Solar Limited RHP for more details about the Company.