The much-awaited Vikram Solar Ltd. IPO opened today, August 19, 2025, and is already drawing strong attention from investors. Backed by marquee anchor investors and a promising growth story in India’s renewable energy sector, this IPO is being closely watched by both institutional and retail traders.
🔑 Key IPO Details
- IPO Price Band: ₹315 – ₹332 per share
- Lot Size: 45 shares (and multiples thereof)
- Total Issue Size: ₹2,079 crore
- Fresh Issue: ₹1,500 crore
- Offer for Sale (OFS): ~₹579 crore
- Reservation:
- QIBs: 50%
- Retail: 35%
- NIIs: 15%
📅 Timeline:
- Open: August 19, 2025
- Close: August 21, 2025
- Allotment: August 22, 2025
- Listing: August 26, 2025 (BSE & NSE)
💰 Anchor Investors Show Confidence
Ahead of the IPO, Vikram Solar raised ₹621 crore from top anchor investors including Goldman Sachs, Morgan Stanley India Fund, BNP Paribas, HSBC, Citigroup, ICICI Prudential Life, and SBI General Insurance.
This strong anchor participation is seen as a positive signal for retail investors.
🌍 Company Profile & Growth Plans
- Business: One of India’s largest solar PV module manufacturers, also offering EPC & O&M services.
- Capacity: 4.5 GW installed as of March 2025.
- Expansion:
- Ramp up solar module capacity to 15.5 GW by FY26 and 20.5 GW by FY27.
- Set up 12 GW solar cell manufacturing capacity.
- Enter Battery Energy Storage Systems (BESS) with 1 GWh initially, scalable to 5 GWh by FY27.
- Order Book: ~10.34 GW as of FY25.
📌 With India pushing for renewable energy self-reliance, Vikram Solar is well-positioned to capitalize on policy incentives and rising demand.
📉 Market Impact & Retail Investor Take
- For Traders: GMP and retail demand suggest a profitable listing opportunity.
- For Long-Term Investors: Expansion plans and government support make Vikram Solar a strong growth story in renewables.
- Risks: Dependence on global supply chains, competition from Adani Solar, Waaree, and foreign players.
📝 Final Verdict
Vikram Solar’s IPO comes at the perfect time when India’s renewable energy ambitions are at their peak. With strong anchor backing, robust GMP, and aggressive expansion plans, it offers both listing gains and long-term potential.
👉 Recommendation:
- Retail Traders: Apply for listing gains.
- Long-Term Investors: Consider holding for renewable growth momentum.
Subscription
| Investor | 19 Aug 2025 | 20 Aug 2025 | 21 Aug 2025 |
|---|---|---|---|
| Anchor | 1 | 1 | 1 |
| QIB | 0.02 | 0.12 | 145.10 |
| Non-Institutional | 3.98 | 13.51 | 52.79 |
| BNII | 3.89 | 13.35 | 59.58 |
| SNII | 4.16 | 13.85 | 39.21 |
| Retail | 1.42 | 3.62 | 7.73 |
| Employees | 1.05 | 2.49 | 4.95 |
| Total | 1.57 | 4.73 | 56.28 |
GMP Trend:
| Date | GMP |
|---|---|
| 19 Aug 2025 | ₹47 (14.16%) |
| 20 Aug 2025 | ₹48 (14.46%) |
| 21 Aug 2025 | ₹45 (13.55%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
How to Check IPO Allotment Status:
MUFG Intime
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- Click on the below allotment status check button.
- Select Company Name.
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- Click on Search.
NSE Website
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
BSE Webiste
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
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- ⚠️ IPO (Initial Public Offerings)
- IPO details, issue size, subscription data, and allotment status shared here are based on publicly available information from company filings, stock exchanges, and merchant bankers.
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- ⚠️ GMP (Grey Market Premium)
- Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
- GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
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