Vikram Solar IPO Subscription Status
Vikram Solar IPO was subscribed 56.42 times when bidding closed on 21 Aug 2025: QIB 145.1x, NII 52.87x, Retail 7.98x.
The Vikram Solar IPO has been subscribed 56.42x times overall. Retail investors have shown interest with bids for 7.98x the shares available. The Non-Institutional Investor (NII) category has been subscribed 52.87x. Within NII, Big HNI (B-HNI) subscribed 59.58x and Small HNI (S-HNI) subscribed 39.46x. Qualified Institutional Buyers (QIBs) have subscribed 145.1x. Data last updated on 10 Nov, 05:58 AM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 19 Aug, 2025 and closes on 21 Aug, 2025. The shares are expected to list on stock exchanges on 26 Aug, 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 145.1x |
| NII | - of - - | 52.87x |
bHNI — bid amount above ₹10 Lakh |
- - | 59.58 |
sHNI — bid amount ₹2–10 Lakh |
- - | 39.46 |
| Retail | - of - - | 7.98x |
| Employee | - of - - | 5.1x |
| TOTAL | - 34,02,714 applications - | 56.42x |
Vikram Solar IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹332.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| TOTAL 39.73x subscribed | 34,02,714 | 5,01,718 | 1 out of 71 out of 7 |
Vikram Solar IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 12.5% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 145.1x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
21 Aug 2025
Day 3 |
56.42x | ▼ | |
|
QIB145.1x
BHNI59.58x
SHNI39.46x
Retail7.98x
Employee5.1x
|
|||
|
20 Aug 2025
Day 2 |
4.57x | ▼ | |
|
QIB0.11x
BHNI12.85x
SHNI13.34x
Retail3.47x
|
|||
|
19 Aug 2025
Day 1 |
1.52x | ▼ | |
|
QIB0.02x
BHNI3.75x
SHNI4.02x
Retail1.37x
|
|||
Vikram Solar IPO dates
From the bidding window to listing. Today is 10 November.
- Open 19 Aug 2025
- Close 21 Aug 2025
- Allotment 22 Aug 2025
- Refund/credit 25 Aug 2025
- Listing 26 Aug 2025
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Vikram Solar IPO?
As of IPO close date (21 Aug, 2025), the Vikram Solar IPO is subscribed 56.42x times. Retail category is 7.98x, and NII is 52.87x subscribed.
When is the allotment date for Vikram Solar IPO?
The allotment for Vikram Solar IPO is expected to be finalized on 22 August, 2025.
What is the GMP of Vikram Solar?
The Grey Market Premium (GMP) for Vikram Solar is currently ₹34, indicating a potential listing gain of 10%.
When will Vikram Solar IPO list on the stock market?
Vikram Solar is scheduled to list on BSE and NSE on 26 August, 2025.
What are the chances of getting allotment in Vikram Solar IPO?
The retail category is oversubscribed at 7.98x, meaning allotment is by lottery. Statistically, approximately 1 in 8 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 145.1x mean for Vikram Solar IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 145.1x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Vikram Solar IPO allotment status?
After the allotment date (22 Aug, 2025), you can check your Vikram Solar IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Vikram Solar IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
