In Short : One of the top producers of solar photovoltaic modules, Vikram Solar, cautiously entered the Indian stock market. Its shares opened at ₹340 on the BSE (compared to the ₹332 issue price) and ₹338 on the NSE, representing a 2–2.4% premium over the IPO price.
Increasing Market Confidence and Strategic Expansion
This debut comes after a very successful initial public offering (IPO) that saw over 54 subscriptions, indicating strong investor interest. Investor confidence in Vikram Solar’s growth trajectory, supported by a robust solar order book and optimistic revenue projections, is demonstrated by the performance.
Impact and Significance of Clean Energy
India’s shift to sustainable energy is mostly powered by Vikram Solar. Supported by impressive financial growth and export orders, its market debut demonstrates the growing significance of domestic solar manufacturing capabilities in promoting renewable deployment across the country.
About Vikram Solar
based in Kolkata One of the leading producers of solar PV modules in India is Vikram Solar. It provides high-efficiency goods like PERC, TOPCon, and HJT modules to both local and international markets. The company intends to use the money raised from the IPO to improve its integrated solar ecosystem and increase its capacity to manufacture cells.
