Vikram Solar Shares Surge 9% After Tepid Market Debut

Quick Summary

• Stock performance: Vikram Solar shares surged by 9.2% on Tuesday, now trading 12% above the IPO price after a muted debut.
• Price Movement: Intraday high of Rs 371.25 on BSE; IPO priced at Rs 320 per share at the upper price band.
• IPO Details: Strong subscription with overall demand at 56.42 times-QIBs leading with subscriptions of 145.10 times, followed by NIIs (52.87 times) and retail investors (7.98 times).
• Financial Highlights FY25: Revenue rose by 37% YoY to Rs 3,459 crore; profit after tax increased by 75% to Rs 139.8 crore; current market capitalization is approx Rs 12,009 crore post listing.
• Business Insights: Established in india in 2005, Vikram Solar is a leading producer of solar modules with marquee clients like NTPC, Adani Green Energy, JSW Energy, and ACME; offers a diverse product range targeting domestic and global markets.

!Vikram Solar shares zoom

Indian Opinion Analysis

The meaningful rally in Vikram Solar’s stock following its tepid debut underscores strong investor sentiment driven by robust financial performance and growth prospects in the renewable energy sector-a critical area for India’s transition toward sustainable development goals. Its ability to attract institutional confidence through prior anchor investments highlights market faith in its business model and expansion plans.

India remains committed to scaling up renewable energy capacity under national policies like the National Solar Mission, making companies like Vikram Solar pivotal players in achieving these targets while boosting economic activity domestically through job creation and industry leadership globally.

While current valuations suggest a premium compared to sector peers (P/E ratio of ~72x), analysts believe the company’s planned expansion (20+ GW module capacity by FY27) could position it favorably amid growing solar adoption both nationally and internationally-an prospect provided India’s pro-renewable stance strengthens consistently over time.

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