Vikram Solar Share Price Today: Stock Closes at ₹357.50 on NSE, 7.68% Above IPO Price

Vikram Solar Share Price: The equity shares of Vikram Solar Ltd, a leading manufacturer of solar photovoltaic (PV) modules, made their debut on the Indian stock market today after its highly subscribed IPO.

📈 Listing Performance

  • BSE Listing Price: ₹340.00 per share (📊 2.41% premium over IPO price ₹332)
  • NSE Listing Price: ₹338.00 per share (📊 1.81% premium over IPO price ₹332)
  • Closing Price (NSE): ₹357.50 per share (✨ 7.68% higher than IPO price)

While the debut was lower than grey market expectations, the stock managed to close with healthy gains by the end of the day.

🗓️ Key IPO Timeline

EventDate
IPO OpenedAugust 19, 2025
IPO ClosedAugust 21, 2025
Allotment FinalizedAugust 22, 2025
Listing DateAugust 26, 2025 (Tuesday)

Shares are now listed on both BSE and NSE.

💹 IPO Subscription Details

The ₹2,079.37 crore Vikram Solar IPO received an overwhelming response:

  • Overall Subscription: 54.63 times
  • Retail Investors: 7.65 times
  • Qualified Institutional Buyers (QIBs): 142.79 times 🚀
  • Non-Institutional Investors (NIIs): 50.90 times

💰 IPO Structure

ParticularsDetails
Fresh Issue4.52 crore shares worth ₹1,500 crore
Offer for Sale (OFS)1.75 crore shares worth ₹579.37 crore
Total Issue Size₹2,079.37 crore
Price Band₹315 – ₹332 per share
Lead ManagerJM Financial Ltd.
RegistrarMUFG Intime India Pvt. Ltd.

🔎 Grey Market Premium (GMP)

Before listing, the grey market premium (GMP) had suggested a possible 11% premium over the issue price. However, the actual listing premium was lower than market estimates, though the stock recovered well in intraday trade.

✅ Conclusion

Vikram Solar’s IPO witnessed massive investor interest, especially from institutional buyers, signaling strong confidence in the company’s future in India’s growing solar energy sector. Although the listing premium was below grey market expectations, the stock ended the day 7.68% above issue price, rewarding investors with decent gains.

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