August 19, 2025 - August 21, 2025

Vikram Solar IPO Subscription Details

IPO Detail

Vikram Solar IPO Anchor Investor Allocation

A total of 1,86,99,120 shares at a price of Rs 332 per share will be allotted to the anchor investors.

Anchor investors bid opening date	Aug 18, 2025
Anchor investor price	Rs.332.00
Anchor investors as % of QIBs	60.00%
No. of shares locked-in for 30 days	93,49,560
No. of shares locked-in for 90 days	93,49,560

S.No.	Anchor Investor	No. of Shares Allotted	Amount (Rs.cr.)	% Allotment within Anchor Investor Portion	% Allotment of Issue
1	FRANKLIN TEMPLETON MUTUAL FUND	24,10,515	80.03	12.90	3.85
1A.	FRANKLIN INDIA OPPORTUNITIES FUND	12,05,235	40.01	6.45	1.92
1B.	FRANKLIN INDIA SMALL CAP FUND	12,05,280	40.02	6.45	1.92

2	GOLDMAN SACHS FUNDS-GOLDMAN SACHS INDIA EQUITY PORTFOLIO	15,06,915	50.03	8.06	2.41
3	KOTAK MAHINDRA MUTUAL FUND	15,06,915	50.03	8.06	2.41
3A.	KOTAK ENERGY OPPORTUNITIES FUND	1,86,345	6.19	1.00	0.30
3B.	KOTAK MANUFACTURE IN INDIA FUND	4,81,950	16.00	2.58	0.77
3C.	KOTAK MULTI ASSET ALLOCATION FUND	8,38,620	27.84	4.48	1.34

4	PRUDENTIAL HONG KONG LTD.-PHKL ASIA PACIFIC ACTIVE GROWTH EQUITY PORTFOLIO-AHAPAG-EASTSPRING GROWTH EQUITIES TEAM	15,06,915	50.03	8.06	2.41
5	NIPPON INDIA MUTUAL FUND	12,05,235	40.01	6.44	1.92
5A.	NIPPON INDIA POWER & INFRA FUND	6,02,640	20.01	3.22	0.96
5B.	NIPPON INDIA RETIREMENT FUND-WEALTH CREATION SCHEME	6,02,595	20.01	3.22	0.96

6	UTI MUTUAL FUND	12,05,235	40.01	6.44	1.92
6A.	UTI CONSERVATIVE HYBRID FUND	40,140	1.33	0.21	0.06
6B.	UTI INFRASTRUCTURE FUND	3,01,320	10.00	1.61	0.48
6C.	UTI VALUE FUND	8,63,775	28.68	4.62	1.38

7	EDELWEISS MUTUAL FUND	9,04,500	30.03	4.84	1.44
7A.	EDELWEISS AGGRESSIVE HYBRID FUND	5,12,055	17.00	2.74	0.82
7B.	EDELWEISS EQUITY SAVINGS FUND	2,10,825	7.00	1.13	0.34
7C.	EDELWEISS RECENTLY LISTED IPO FUND	1,81,620	6.03	0.97	0.29

8	HSBC MUTUAL FUND	9,04,500	30.03	4.84	1.44
8A.	HSBC FLEXI CAP FUND	5,34,465	17.74	2.86	0.85
8B.	HSBC INFRASTRUCTURE FUND	3,70,035	12.29	1.98	0.59

9	ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.	9,04,500	30.03	4.84	1.44
10	TATA MUTUAL FUND	9,04,500	30.03	4.84	1.44
10A.	TATA LARGE CAP FUND	7,23,600	24.02	3.87	1.16
10B.	TATA RESOURCES & ENERGY FUND	1,80,900	6.01	0.97	0.29

11	BANDHAN MUTUAL FUND	6,03,315	20.03	3.23	0.96
12	MORGAN STANLEY INDIA INVESTMENT FUND,INC.	5,66,820	18.82	3.03	0.91
13	EDELWEISS LIFE INSURANCE CO.LTD.	4,52,700	15.03	2.42	0.72
14	RELIANCE NIPPON LIFE INSURANCE CO.LTD.	4,52,700	15.03	2.42	0.72
15	SBI GENERAL INSURANCE CO.LTD.	4,52,700	15.03	2.42	0.72
16	MORGAN STANLEY INVESTMENT FUNDS INDIAN EQUITY FUND	3,37,680	11.21	1.81	0.54
17	BNP PARIBAS FINANCIAL MARKETS-ODI	2,45,520	8.15	1.31	0.39
18	INTEGRATED CORE STRATEGIES (ASIA) PTE.LTD.	2,45,520	8.15	1.31	0.39
19	NUVAMA CROSSOVER OPPORTUNITIES FUND-SERIES III	2,45,520	8.15	1.31	0.39
20	PINEBRIDGE GLOBAL FUNDS-PINEBRIDGE INDIA EQUITY FUND	2,45,475	8.15	1.31	0.39
21	RAJASTHAN GLOBAL SECURITIES PVT.LTD.	2,45,520	8.15	1.31	0.39
22	SHINE STAR BUILD-CAP PVT.LTD.	2,45,520	8.15	1.31	0.39
23	SINGULARITY EQUITY FUND I	2,45,520	8.15	1.31	0.39
24	SOCIETE GENERALE-ODI	2,45,520	8.15	1.31	0.39
25	ASTORNE CAPITAL VCC-ARVEN	1,51,560	5.03	0.81	0.24
26	CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD.	1,51,560	5.03	0.81	0.24
27	FINAVENUE CAPITAL TRUST-FINAVENUE GROWTH FUND	1,51,560	5.03	0.81	0.24
28	HOLANI VENTURE CAPITAL FUND-HOLANI VENTURE CAPITAL FUND I	1,51,560	5.03	0.81	0.24
29	SWYOM INDIA ALPHA FUND	1,51,560	5.03	0.81	0.24
30	TAURUS MUTUAL FUND	1,51,560	5.03	0.81	0.24
30A.	TAURUS ELSS TAX SAVER FUND	90,825	3.02	0.49	0.15
30B.	TAURUS FLEXI CAP FUND	6,060	0.20	0.03	0.01
30C.	TAURUS INFRASTRUCTURE FUND	9,090	0.30	0.05	0.01
30D.	TAURUS LARGE CAP FUND	45,585	1.51	0.24	0.07

		1,86,99,120	620.81	100	29.86

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors (NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors (RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Vikram Solar IPO Subscription FAQs

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