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The sun is shining on Vikram Solar. As its IPO opened this week, retail chatter lit up across markets. The debut may have seen only a trickle of applications on Day 1, but the grey-market premium of over 16 per cent suggests investors aren’t switching off their interest just yet.
Vikram Solar IPO subscription status Day 1
- Overall: 0.42x
- Retail investors (RIIs): 0.47x
- Non-institutional investors (NIIs): 0.83x
- QIBs: 0x
What does the IPO signal to investors?
- Growth on the horizon: Order inflows and expansion plans provide a solid growth runway.
- Premium entry tag: At over 70× earnings, valuations demand patience.
- Improving profitability: RoNW and ROCE are on the rise, pointing to better efficiency.
- Sentiment boost: Grey-market premium shows investors are already warming up.
What does Vikram Solar do?
Born in 2005 in Kolkata, Vikram Solar has grown into one of India’s biggest solar PV module makers, boasting a 4.5 GW annual capacity. It isn’t just about making modules; the company also runs EPC (engineering, procurement and construction) projects and O&M (operations and maintenance) services.
The takeaway
Vikram Solar’s IPO is a classic case of “high hopes, high price.” If you’re eyeing a quick listing gain, tread carefully. But for those willing to ride the renewable energy wave, the story shines bright—provided you can stomach the premium.
Should you subscribe to the Vikram Solar IPO?
Markets have a way of testing nerves. A hot IPO can tempt you to jump in for quick gains, but that’s often where investors slip. The smarter approach? Back businesses that can compound over years, not days.
That’s exactly what we help you with at Value Research Stock Advisor: Provide curated recommendations, grounded analysis, and the discipline to stay invested through the noise.
Disclaimer: This article was crafted with the aid of artificial intelligence and meticulously reviewed and edited by our human experts to ensure accuracy and provide valuable insights. It's intended for informational purposes only. We encourage you to conduct your own thorough research before making any investment decisions
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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