Vikram Solar IPO Subscription History

As of August 26, 2025, the Vikram Solar IPO has been subscribed 54.63 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.

The Vikram Solar IPO subscription window was open from August 19, 2025 to August 21, 2025. Investors could apply through their demat account or ASBA facility.

The Vikram Solar IPO has a price band of ₹315 to ₹332 per share, with a lot size of 45 shares. Minimum retail investment: ₹14,175 (lower band) or ₹14,940 (upper band).

The QIB category has been subscribed 142.79 times. QIBs were offered 12,667,954 shares. Strong QIB subscription indicates high institutional confidence.

Retail investors subscribed 7.65 times. Retail was offered 22,663,365 shares.

Overall NII: 50.90×. bNII (>₹10L): 57.35×, sNII (<₹10L): 38.00×. NII includes HNIs and corporate entities investing above ₹2 lakh.

Basis of allotment is on August 22, 2025. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.

Vikram Solar IPO is expected to list on August 26, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.

A subscription multiple of 54.63× means investors have bid for 54.63 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.

Based on the current retail subscription of 7.65×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.

You can apply for Vikram Solar IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Aug 19 to Aug 21, 2025.

The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Vikram Solar IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.