What Is Vikram Solar Share Price Today After IPO Listing? Stock Debuts At 2.4% Premium | Full Details Inside

Vikram Solar Share Price Today: Shares of Vikram Solar started their stock market journey on a muted note after IPO listing on Tuesday, August 26. Vikram Solar shares price was listed on BSE at Rs 340, with a premium of 2.4%. The Vikram Solar IPO issue price was fixed at Rs 332.

Vikram Solar Share Price Today

Vikram Solar shares were listed on NSE at a premium of Rs 338 or 1.81% premium. Vikram Solar share price was trading 7.96% higher at Rs 367.05 per share on BSE at 10:16 am with a market capitalisation of Rs 13,208.10 crore.

Earlier, Vikram Solar IPO's last GMP stood at Rs 37, indicating a listing price of Rs 369 per share (sum of GMP and issue price), according to Chittorgarh.com on Tuesday at 8 am. Here are all the details you need to know about Vikram Soalr Share Price and IPO.

Vikram Solar IPO Listing Today: Latest GMP

The mainboard IPO's last GMP stood at Rs 37, indicating a listing of Rs 369 per share. The expected percentage gain or loss per share is likely to be 11.4%. According to the website, Vikram Solar IPO may see a strong listing on BSE and NSE today. The lowest GMP stood at Rs 0 and the highest GMP is RS 69.

Vikram Solar IPO Listing Today Outlook

While Vikram Solar has maintained a dominance in the market with its products, it remains dependent on its top ten customers and is exposed to fluctuations in raw material prices, according to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.

"Future growth is tied to the successful establishment of a new manufacturing facility in Tamil Nadu through its subsidiary. Notably, the company's public issue has received a strong response from both institutional and retail investors, and the current grey market premium (GMP) is trading on a positive note," Nyati added.

"VSL has a lower margin profile than its listed peers due to lack of
backward integration and minimal export presence where the margins are usually
higher by 2.0%-2.5%.The company's growth going ahead is expected to be
driven by capacity expansion, robust domestic demand led by multiple levers such
as the PM Surya Ghar Muft Bijli Yojana, PM Kusum, ALMM, transition to solar
captive plants in Commercial & Industrial segment and utility scale solar power
capacity addition. The valuation is in-line with peers on EV/EBITDA basis. Margin is expected to improve as the solar cell capacity comes onstream in FY27," noted SBI Securities in its report.

Vikram Solar IPO Subscription Details

Vikram Solar IPO received a healthy response from bidders by the conclusion of its subscription period. The issue was subscribed 142.79 times in the qualified institutional buyers (QIBs) category, 50.9 times in the non-institutional investors (NIIs). The issue was subscribed by 7.65 times in the retail investors category.

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