Vikram Solar unlocks ₹276cr worth of shares as lock-in ends
Today, Vikram Solar's three-month lock-in period wraps up, freeing up 93 lakh shares—about 3% of the company—valued at nearly ₹276 crore.
Since its August debut at ₹340 per share, the stock has fallen 27% from its post-listing high of ₹407.95 and is trading below its IPO price of ₹332.
It now trades at ₹300 on the BSE.
What does Vikram Solar do?
Vikram Solar is a solar panel maker that went public in August 2025, raising ₹2,079 crore.
The IPO was a hot ticket—oversubscribed more than 54 times—with big institutional investors showing strong interest.
What's next for the company?
The company wants to ramp up its solar module capacity to 15.5 GW by FY26 and start making solar cells in Tamil Nadu.
It's also kicking off a battery energy storage project (starting at 1 GWh) to strengthen its position in India's clean energy market.