Vikram Solar’s stock began trading on August 26, 2025. On the BSE, it listed at ₹340, which is a 2.4% increase from the IPO price of ₹332. On the NSE, the shares opened at ₹338, reflecting a 1.8% rise from the IPO price. The grey market had anticipated a listing approximately 11% above the IPO price, making the actual listing lower than expectations. The IPO garnered significant interest, with investors applying for shares 54 times the amount offered by the company. Vikram Solar successfully raised over ₹2,000 crore through this IPO, which will be utilized to expand its solar panel operations.
Plans include constructing new factories and developing additional solar products, generating enthusiasm among investors regarding the company’s future prospects, particularly in relation to the growing importance of solar energy.