Vikram Solar share value: Shares of Vikram Solar slipped as a lot as 4.86% to hit the low of ₹183 apiece on the NSE on Monday, February 23, on the again of two causes.
Firstly, the six-month shareholder lock-in interval involves an finish at this time. According to a report by CNBC-TV18, which quoted a analysis agency, as many as 103.9 million shares, or 29% of the corporate’s excellent fairness, will change into obtainable for buying and selling on the finish of the lock-in interval.
Based on Friday’s closing value, the shares turning into eligible for buying and selling after the lock-in interval ends are valued at round ₹2,005 crore.
However, you will need to observe that the expiry of the shareholder lock-in doesn’t essentially imply these shares can be offered within the open market; it solely makes them eligible for buying and selling.
On August 26, 2025, shares of photo voltaic module maker Vikram Solar made a tepid market debut on the exchanges, itemizing with a premium of over 2% in opposition to the difficulty value of ₹332.
The inventory opened for buying and selling at ₹338 apiece, up by 2.41% on the NSE.
On the BSE, the inventory listed at ₹340, up by 1.81%.
The preliminary public providing (IPO) of Vikram Solar garnered a 54.63 instances subscription.
The ₹2,079 crore IPO had a value band of ₹315 to ₹332 per share.
The IPO consists of contemporary problems with equities value as much as ₹1,500 crore and a proposal on the market (OFS) of over 1.74 crore shares, valued at round ₹579.37 crore on the higher finish of the value band, by its promoters.
Of the contemporary issuance, the corporate plans to make use of the proceeds for funding capital expenditure for funding in its wholly owned subsidiary, VSL Green Power Private Ltd, for each Phase I and Phase II of the mission.
Other enterprise replace
Besides this, Vikram Solar, on February 20, 2026, entered right into a strategic home cell procurement settlement with Jupiter International Limited to acquire high-efficiency TopCon photo voltaic cells and high-efficiency mono PERC photo voltaic cells (collectively known as “products”) aggregating to 2 GW of ALMM-compliant crystalline photo voltaic cells.
Vikram Solar Q3 FY26 earnings
The firm stated its consolidated web revenue jumped fivefold to ₹98 crore within the December quarter in comparison with a yr in the past, primarily on the again of upper revenues.
Consolidated web revenue stood at ₹19 crore within the quarter ended December 2024, an organization assertion stated.
Revenue from operations rose to ₹1,106 crore within the newest third quarter from ₹1,026 crore in the identical interval a yr in the past, it stated, including that the corporate’s order ebook stood at 10.6 GW as of December 31, 2025.
The firm has 84% home and 16% export orders.
Solar module gross sales within the quarter rose to 796 MW in comparison with 590 MW in the identical interval a yr in the past, registering a progress of 35%.
Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar, stated that in this quarter, the corporate delivered a resilient and disciplined efficiency, anchored by sturdy execution volumes and continued enhancements in working effectivity.
During the quarter, the corporate commenced operations on the 5 GW Vallam manufacturing facility, which is ramping up as deliberate and strengthens our capacity to ship high-quality, large-scale options to each home and world clients, he added.
About Vikram Solar
Vikram Solar Limited (previously often called Vikram Solar Private Limited) is certainly one of India’s largest module producers, when it comes to operational capability, producing photo voltaic photovoltaic (PV) modules (as of March 31, 2025), and can be an built-in photo voltaic power options supplier providing engineering, procurement and development (EPC) providers and operations and upkeep (O&M) providers.
With inputs from PTI
