On August 26, shares of Vikram Solar were offered at a nearly two percent premium above the IPO price. 54.63 subscriptions were made to the Rs 2,079-crore IPO, which was available for purchase from August 19 to August 21.
Positive Market Debut for Vikram Solar as Shares Trade Above IPO Price
Vikram Solar’s shares were launched on the NSE for Rs 338 each, which was 1.81 percent more than the issue price. The price range for each share was set at Rs 315–332. The business raised Rs 621 crore from anchor investors prior to the offering.
The shares were listed at a premium of 2.4 percent, at Rs 340 each, on the BSE. Following the listing of shares, the company’s market capitalization was Rs 12,837.34 crore.
The grey market had anticipated more than 10 percent listing gains in the secondary market on Tuesday, but Vikram Solar’s share offering fell short of those expectations.
Is it better to purchase, sell, or hold onto Vikram Solar’s shares now?
According to Akhilesh Desai, Research Analyst at Ajcon Global Services, “Policy pressures and growing demand for clean energy will propel the Indian solar power sector’s rapid growth.” Vikram Solar has demonstrated steady growth in both sales and profits. While long-term investors with a greater tolerance for risk can wait for sector-led development, short-term investors may book gains upon listing.
With an established solar PV module production capacity of 12 MW when it started operations in 2009, Vikram Solar has now expanded to an installed capacity of 4.50 GW.
at addition to a solar cell manufacturing plant with two units at Gangaikondan, Tamil Nadu, it has two solar PV module manufacturing facilities in West Bengal and Tamil Nadu. It now serves 19 states and two Union Territories, establishing a pan-Indian presence.
Prominent government organizations like NTPC, Neyveli Lignite Corporation, and Gujarat Industries Power Company, as well as sizable private independent power producers (IPPs) like ACME Cleantech Solutions, Adani Green Energy, Azure Power India, JSW Energy, and Rays Power Infra, are among the company’s principal domestic clients.
Disclaimer: business connect experts’ opinions and financial advice are their own and do not represent the opinions of the website or its administrators. Before making any financial decisions, users are advised by Business Connect magazine to consult with qualified specialists.
FAQ on Vikram Solar IPO & Share Price
Q1. What is Vikram Solar?
Vikram Solar is one of India’s leading solar energy solution providers, engaged in manufacturing solar photovoltaic (PV) modules and offering engineering, procurement, and construction (EPC) services.
Q2. What is Vikram Solar IPO?
The Vikram Solar IPO refers to the company’s Initial Public Offering (IPO), where it offered shares to the public to raise funds for expansion, debt repayment, and growth opportunities in the renewable energy sector.
Q3. When was Vikram Solar listed on the stock exchange?
Vikram Solar was listed on the NSE and BSE on its IPO listing date, where shares began trading for the first time.
Q4. What was Vikram Solar IPO listing price?
The IPO shares of Vikram Solar were listed at around 2% premium above the issue price on NSE, reflecting positive investor sentiment.
Q5. What is Vikram Solar share price on NSE today?
The live price of Vikram Solar shares on NSE keeps fluctuating during trading hours. Investors can check the latest share price on the NSE website or stock market apps.
Q6. How did Vikram Solar perform on its listing day?
On its listing day, Vikram Solar shares opened at a premium over the IPO price and gained investor traction in early trade.
Q7. What is Vikram Solar IPO issue price?
The IPO issue price is the price at which the company offered shares to investors before listing. (Investors need to check the official prospectus or stock exchange updates for exact figures.)
Q8. Is Vikram Solar a good investment?
Vikram Solar operates in the renewable energy sector, which has long-term growth potential. However, investors should analyze fundamentals, financials, and market trends before investing.
Q9. How can I buy Vikram Solar shares?
Investors can buy Vikram Solar shares through their stockbroker or trading platform once the stock is listed on NSE/BSE.
Q10. What is Vikram Solar’s business focus?
Vikram Solar mainly focuses on solar PV module manufacturing and solar EPC projects, contributing to India’s clean energy goals.
Q11. What was Vikram Solar IPO size?
The IPO size refers to the total value of shares offered by Vikram Solar during its public issue. (Exact size can be checked in the company’s IPO prospectus.)
Q12. What was Vikram Solar IPO price band?
The price band is the range within which investors could apply for shares during the IPO. (Investors can verify the exact band in SEBI/NSE filings.)
Q13. Did Vikram Solar IPO get oversubscribed?
Yes, reports suggested that Vikram Solar IPO received good subscription from retail and institutional investors, reflecting strong demand.
Q14. How much listing gain did Vikram Solar IPO give?
On listing day, Vikram Solar shares opened at a 2% premium over the issue price, giving investors modest listing gains.
Q15. What is Vikram Solar share’s 52-week high and low?
The 52-week high and low are updated daily in stock market data. Investors can track this on the NSE website or trading platforms.
Q16. What is the market cap of Vikram Solar after listing?
The market capitalization of Vikram Solar is determined by multiplying its listed share price with the total outstanding shares.
Q17. Who are the promoters of Vikram Solar?
The company was promoted by the Vikram Group, with leaders having decades of experience in the renewable energy sector.
Q18. What are the key strengths of Vikram Solar?
Strong brand in solar module manufacturing
Large-scale EPC project execution
Expanding global footprint
Contribution to India’s renewable energy targets
Q19. What are the risks of investing in Vikram Solar shares?
High competition in solar industry
Dependence on government renewable energy policies
Price fluctuations in raw materials like silicon
Global supply chain challenges
Q20. How can investors track Vikram Solar IPO allotment status?
Investors can check their allotment status through the official registrar’s website, NSE/BSE portal, or their broker’s IPO section.
Q21. On which exchanges is Vikram Solar listed?
Vikram Solar is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Q22. Does Vikram Solar give dividends?
Dividend payouts depend on the company’s profitability and board decisions. Investors should track the company’s financial announcements.
Q23. How is Vikram Solar share price today compared to IPO issue price?
As share prices fluctuate daily, investors must check live market updates on NSE/BSE to compare with the IPO issue price.
Q24. What is Vikram Solar’s long-term growth outlook?
With the push for clean energy in India and worldwide, Vikram Solar has potential for long-term growth, but it depends on execution and market conditions.
Q25. Is Vikram Solar stock suitable for short-term or long-term investors?
Short-term investors may look for listing gains or market momentum.
Long-term investors may focus on renewable energy growth, company fundamentals, and industry demand.
