August 27, 2025

Hold onto your hats, stock watchers! Vikram Solar’s shares lit up the market on Tuesday, zooming up by 9.2%! The solar giant’s stock is now dancing nearly 12% above its initial IPO price, leaving many investors thrilled. At its peak during the day, shares hit Rs 371.25 on the BSE, a sparkling climb from the IPO price of Rs 320. The story began with a modest debut where the stock just edged above its issue price. But soon enough, buying interest reignited, thanks to experts highlighting the company's strong growth prospects. Analysts cheered Vikram Solar’s bright future, pointing to its booming revenue projections and a packed solar order book. Vikram Solar’s IPO was a big hit when it opened on August 19 and closed on August 21. Investors couldn’t get enough, subscribing a whopping 56.42 times overall! Institutional investors led this solar party, with Qualified Institutional Buyers (QIBs) subscribing 145.10 times, followed by Non-Institutional Investors at 52.87 times, and retail investors adding their share at 7.98 times. Before the IPO frenzy, the company raised Rs 621 crore from anchor investors on August 18, a strong sign of trust in Vikram Solar’s plans. Since its start in 2005, Vikram Solar has grown into a solar powerhouse, serving big names like NTPC, Adani Green, JSW Energy, and ACME. Its product range is a solar buffet offering high-efficiency modules like PERC, TOPCon, and HJT for both Indian and global markets. Financially, the sunshine has been bright! For FY25, Vikram Solar reported a 37% jump in revenue, reaching Rs 3,459 crore. Even more impressive, profit after tax soared 75% to Rs 139.8 crore. Post-IPO, the company now boasts a market value of around Rs 12,009 crore. Gaurav Garg from Lemonn Markets Desk summed it up perfectly: “The strong subscription reflects broad-based confidence in India’s solar growth story and Vikram Solar’s leadership, backed by its expansion plans to 20.5GW modules and 12GW cells by FY27.” He added, “While valuations at a P/E of 72x are at a premium to peers, the company’s improving financial performance, marquee clientele, and industry tailwinds make it a compelling long-term renewable energy play.” In short, Vikram Solar is catching the sun in more ways than one – glowing performance, growing orders, and a stock price that’s making waves. Investors looking for a bright spark in the renewable energy space should keep their eyes on this star! (Disclaimer: Opinions quoted are those of the experts and do not reflect The Economic Times' views.)

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Tags: Vikram solar, Ipo, Stock rally, Solar energy, Indian market, Investor interest,