Vikram Solar Share Price Updates: Stock ends at ₹357.50 apiece on NSE, 7.68% premium to IPO price

Vikram Solar share price ended listing day at ₹357.50 on NSE, a 7.68% premium to the IPO price of ₹332, and at ₹356.45 on BSE, a 7.36% premium.

Key domestic customers of the company includes prominent government entities, such as National Thermal Power Corporation, Neyveli Lignite Corporation Limited and Gujarat Industries Power Company Limited, and large private independent power producers (“IPPs”), such as ACME Cleantech Solutions Pvt. Ltd., Adani Green Energy Limited, AMPIN Energy Transition Private Limited, Azure Power India Private Limited, JSW Energy Limited, First Energy 7 Private Limited and Rays Power Infra Private Limited, among others.

1. As of Fiscal 2025, it derives 98.23% of its operational revenue from only solar photovoltaic modules and therefore its continued success is necessary for its business and prospects.
2. As of Fiscal 2025, 77.50% and 88.72% of its revenue from operations is derived from its top 5 customers and top 10 customers, respectively, and thus its revenue from operations is highly dependent upon a limited number of customers.

Vikram Solar Share Price Live: From the fresh issue net proceeds, the company will be utilizing Rs. 769.73 crore for partial funding of capital expenditure through investment in its wholly owned subsidiary, VSL Green Power Private Limited for the Phase-I Project and ₹595.21 crore for its phase-II project. Residual proceeds will be used for general corporate purposes.

Vikram Solar Share Price Live: Financially, Vikram Solar Ltd demonstrated consistent improvement over last three years. The revenue from operations grew at a CAGR of 28.5% from ₹20,732 million in FY23 to ₹34,235 million in FY25. The EBITDA grew at a CAGR of 62.6% from ₹1,862 million in FY23 to ₹4,920 million in FY25, with a robust improvement in its EBITDA margin from 9.0% in FY23 to 14.4% in FY25. This financial performance was supported by a strong order book from ₹2,787 million in FY23 to ₹10,341 million in FY25

Vikram Solar Share Price Live: Vikram Solar share price traded higher after flat listing. The stock was at ₹368.30 apiece on the BSE, up 8.32% from its listing price, and up 10.93% from its issue price.

Vikram Solar Share Price Live: On the valuation front, based on annualized FY25 earnings, the company is seeking a P/E of 85.8 times, and a post-issue market capitalization of approximately ₹12,009 crore, making the issue appear aggressively priced, said brokerage firm Anand Rathi. It believes the company’s business includes high capex and lower margin profile, client concentration, and global supply chain exposure. Yet, strong order book (10.3 GW), backward integration, and government support position it well for long-term growth.

Vikram Solar Share Price Live: Vikram Solar delivered a stable post-IPO performance, listing with modest gains of 2%, underscoring conservative yet sustainable investor confidence. As a top-tier solar PV module manufacturer, Vikram Solar posted strong FY25 financials revenue and PAT more than doubling, with EBITDA margins nearing 15% and significantly reduced debt. Investors may hold the Vikram Solar shares, with a stop-loss set around ₹320 – ₹325 to manage downside risk, given the modest listing uplift and valuation headroom, said Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

Vikram Solar Share Price Live: Despite the soft start, Vikram Solar share price witnessed strong investor interest post listing, rallying as much as 10% intraday, signaling underlying confidence in the company’s growth trajectory. At current levels, Vikram Solar shares trade at a P/E multiple of around 72x, which is at a premium compared to domestic peers in the renewable energy manufacturing space. However, note that this valuation premium reflects expectations of sustained earnings growth, said Gaurav Garg, Lemonn Markets Desk.

“We believe that while near-term volatility cannot be ruled out, Vikram Solar’s strategic positioning in the renewable energy ecosystem, coupled with the government’s emphasis on domestic manufacturing under the “Atmanirbhar Bharat” initiative, makes it a compelling long-term play on India’s clean energy transition,” Garg added.

Vikram Solar Share Price Live: Vikram Solar share price listing today at modest 2% premium reflects investor skepticism despite overwhelming IPO subscription of 56.42 times, driven by strong QIB interest at 145 times. Vikram Solar provides strong access to India’s transition to renewable energy, the present premium valuation calls for patience. Long-term players with a 3-5 year time frame might gain from India’s solar revolution, but short-term returns look constrained considering the costly entry point, said Master Capital Services.

Vikram Solar Share Price Live: The ₹2,079.37 crore worth Vikram Solar IPO was a combination of fresh issue of 4.52 crore equity shares worth ₹1,500 crore and offer for sale of 1.75 crore shares amounting to ₹579.37 crore. Vikram Solar IPO price band was set at ₹315 to ₹332 per share. JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the Vikram Solar IPO registrar.

Vikram Solar Share Price Live: Vikram Solar share price jumped over 8% after making a modest debut in the stock market today. Vikram Solar shares rallied as much as 8.14% to a high of ₹366.95 apiece on the BSE.

Vikram Solar Share Price Live: On NSE, Vikram Solar shares were listed with a 1.81% premium at ₹338.00 per share.

Vikram Solar Share Price Live: Vikram Solar share price made a modest debut in the Indian stock market today. Vikram Solar shares were listed at ₹340.00 apiece on the BSE, a premium of 2.41% to the issue price of ₹332 per share.

Vikram Solar Share Price Live: Ahead of the Vikram Solar IPO listing today, the trends in the grey market premium (GMP) and analysts indicate that the equity shares would list with a decent premium. Vikram Solar IPO GMP signals that the estimated listing price of Vikram Solar shares would be at a around 11% premium to the issue price of ₹332 per share.

Vikram Solar Share Price Live: Vikram Solar IPO was subscribed 54.63 times in total, NSE data showed. The public issue was booked 7.65 times in the retail category, and 142.79 times in the Qualified Institutional Buyers (QIBs) category. The Non Institutional Investors (NII) category received 50.90 times subscription.

Vikram Solar Share Price Live: The public issue of Vikram Solar Ltd commenced for subscription on August 19 and concluded on August 21. The IPO allotment was finalised on August 22, and Vikram Solar IPO listing date is today, 26 August 2025, Tuesday. Vikram Solar shares will be listed on both the stock exchanges, BSE and NSE.

Vikram Solar Share Price Live: The equity shares of solar photo-voltaic (PV) modules manufacturer Vikram Solar Ltd will be listed in the Indian stock market today after its initial public offering (IPO) received strong demand from investors. Vikram Solar IPO listing date is today, 26 August 2025, Tuesday. Vikram Solar shares will be listed on both the stock exchanges, BSE and NSE.