The number of shares that become eligible to trade, amount to 3% of the company’s total outstanding equity.
Based on Wednesday’s closing level, the total amount of Vikram Solar shares that become eligible to be traded is worth ₹275.7 crore.It must be clarified that the end of the shareholder lock-in period does not mean all of the shares will be sold in the open market, but they only become eligible to trade.
Vikram Solar made a subdued debut on bourses, listing at ₹340, on August 26.The ₹2,079-crore IPO, which was open for subscription from August 19 to August 21, received solid demand across all investor categories and was subscribed 54.63 times at close.
Qualified institutional buyers (QIBs) led the bidding with 142.79 times subscription, followed by non-institutional investors (NIIs) at 50.90 times. Retail investors subscribed 7.65 times their allotted quota.
Vikram Solar is a solar photovoltaic module manufacturer with over 17 years of experience. To meet rising demand, Vikram Solar is expanding its solar PV module manufacturing capacity to 15.50 GW by FY26 and 20.50 GW by FY27 through greenfield and brownfield projects.
The company is also entering solar cell production with two units totaling 12 GW in Tamil Nadu by FY27.
Additionally, it plans to launch a greenfield battery energy storage system (BESS) project with an initial 1.00 GWh capacity, expandable to 5.00 GWh by FY27, marking a strategic move into energy storage to boost growth and profitability.
Vikram Solar shares, on Wednesday, closed below its IPO price of ₹332 per share. The stock has fallen 27% from its post-listing high of ₹407.95.
First Published: Nov 20, 2025 6:59 AM IS
