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The Vikram Solar share price is trading at ₹375.00, up by 7.86% in just one week, signalling strong momentum after its market debut. However, its listing performance was relatively muted compared to the grey market premium (GMP) expectations, which had indicated a possible 10%+ debut gain.

📊 IPO and Listing Performance of Vikram Solar Share Price

• IPO Details:
  • Size: ₹2,079 crore
  • Price Band: ₹315–₹332 per share
  • Subscription: Oversubscribed 54.63 times
  • Anchor Investors: Raised ₹621 crore ahead of listing
• Listing:
  • NSE: ₹338 per share (+1.81% premium)
  • BSE: ₹340 per share (+2.4% premium)
  • Market Cap on debut: ₹12,837.34 crore

While the IPO was oversubscribed heavily, the listing premium fell short of grey market expectations, reflecting cautious sentiment from investors despite strong fundamentals.

📈 Vikram Solar Share Price Trend

From the share chart, Vikram Solar Share Price has seen sharp intraday and weekly volatility. The stock climbed initially post-listing but experienced dips before recovering to ₹375, delivering 11% upside from listing levels.

This signals short-term speculative trading, typical in new listings, but also reflects investor confidence in the company’s future.

🏭 Business Fundamentals

Vikram Solar, founded in 2009, has transformed into one of India’s leading solar PV module manufacturers, with:

• 4.5 GW installed capacity (up from 12 MW at inception)
• Facilities in West Bengal & Tamil Nadu
• Clients: NTPC, Neyveli Lignite Corporation, Adani Green Energy, Azure Power, JSW Energy, and Rays Power Infra

Its diversified presence across 19 states and 2 UTs positions it as a major beneficiary of India’s renewable energy push under the government’s National Solar Mission.

💰 Financial Perspective

• Strong order book and presence in both domestic and international markets.
• Long-term demand for renewable energy solutions supports earnings growth potential.
• However, IPO valuations were on the higher side, raising concerns over near-term profitability.

🔎 Investor Strategy: Buy, Sell, or Hold?

• For Listing Gains Traders: The grey market hype did not fully materialise, and profit booking may occur if the stock drops below ₹350. A stop-loss near ₹345–₹350 is advisable.
• For Long-Term Investors:
  • India’s solar sector is booming, with policy support and increasing renewable energy adoption.
  • Vikram Solar’s capacity expansion and government contracts could drive growth.
  • At ₹375, the stock is still in an attractive entry zone for those with a 3–5 year horizon.
• Risk Factors:
  • Margin pressure from global solar price fluctuations.
  • Heavy competition from domestic peers like Adani Green and international manufacturers.

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✅ Conclusion

The Vikram Solar share price has shown resilience post a modest listing. While short-term investors may see volatility, long-term fundamentals remain intact with India’s renewable energy boom. Investors with a long-term sustainable growth outlook can consider holding or gradually accumulating.

⚠️ Disclaimer: The views and investment suggestions above are based on market data and company fundamentals. This is not financial advice. Investors should consult certified financial advisors before making decisions.

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