Vikram Solar IPO Allotment Today: Big Demand, But Why GMP Is Slipping?

By Vivek Ranva

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Vikram Solar IPO Allotment Today: GMP Slips to ₹13

💡 “Bhai, IPO allotment nikal gaya kya? Naam check kiya?” – yeh sawaal aaj har retail investor ka dimaag kha raha hai.

Main bhi yaad hai jab pehli baar IPO apply kiya tha, allotment ka din matlab puri raat neend udd gayi. Umeed hoti hai ki paisa double hoga, aur darr hota hai ki kahin allotment hi na mile. Aaj wahi halat Vikram Solar IPO ko leke hai.

🔥 IPO 56x Subscribe, Par GMP Gir Gaya

Vikram Solar ka IPO 56.42x oversubscribed hua – matlab demand zabardast thi. Lekin doston, Grey Market Premium (GMP) ab sirf ₹13-39 ke beech ghoom raha hai. Matlab shuru ki excitement thodi cool pad gayi hai.

Kya iska matlab hai ki listing day pe dhamaka nahi hoga? Chaliye samajhte hai.

📌 Quick Recap: IPO Details

  • Price Band: ₹315–₹332
  • Lot Size: 45 shares (₹14,175)
  • Total Issue: ₹2,080 crore
  • Fresh Issue: ₹1,500 crore
  • OFS (Offer for Sale): ₹580 crore
  • Listing Date: 26th August 2025
  • Registrar: MUFG Intime India Pvt. Ltd

🏭 About Vikram Solar

  • Established in 2005, Kolkata HQ
  • One of India’s largest solar PV module manufacturers (capacity: 4.5 GW)
  • Big focus on domestic + international market
  • Provides EPC + O&M services
  • Recognised globally (Bloomberg Tier-1, EUPD Top Brand PV Seal 2025)

💪 Strengths vs Weaknesses

Strengths:
✅ Strong brand, 4.5 GW capacity
✅ Big order book: 10.34 GW
✅ Presence in global markets
✅ R&D + high efficiency modules

Weaknesses:
❌ Zyada dependence on imported raw material
❌ High working capital requirement
❌ Backward integration kam (cost control issue)

📊 Analyst View

  • Deven Choksey: Neutral (valuation fair but margins kam)
  • Geojit: Subscribe long term (expansion + energy storage entry strong)
  • Anand Rathi: Subscribe long term (order book bada, but aggressive pricing)

⚡ Mindset + Money Angle

Yeh IPO ek example hai ki oversubscription hamesha profit guarantee nahi hota. Bohot log blindly “56x subscribe hua toh paisa banega” sochte hai. Lekin asli game hai valuation, GMP, aur long-term growth story.

Agar aap short-term listing gain ke liye aaye ho, toh risk zyada hai kyunki GMP slip kar raha hai.
Agar aapka vision India’s renewable energy boom pe long-term hai, toh Vikram Solar ek accha bet ho sakta hai.

🛠️ How to Check Allotment

  • BSE Website: [IPO Allotment Page]
  • Registrar (MUFG Intime): Application No / PAN / Demat details dalke check kar sakte ho
  • NSE Site: IPO allotment section

🎯 Lesson for Retail Investors

  • IPO ka craze samajh aata hai, par FOMO se bachna zaroori hai.
  • Har IPO ka GMP aur market sentiment alag hota hai.
  • Research karo, analyst views padho, aur apne risk appetite ko samjho.

✅ Final Take

Vikram Solar IPO allotment aaj decide hoga, listing 26 August ko hogi. Short-term mein thoda risky lag raha hai kyunki GMP slide kar raha hai. Lekin long-term investors jo solar energy ke boom pe bharosa rakhte hai, unke liye yeh ek solid growth story ban sakti hai.

👉 Challenge for you: Kya aap IPO sirf listing gain ke liye karte ho, ya long-term growth ke liye? Comment mein bataye – aapka IPO mindset kya hai?

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Vivek Ranva

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