Vikram Solar Closes at ₹357.50, Up 7.68% on NSE

Vikram Solar made its stock market debut today with a modest listing, falling short of Street expectations. Ahead of the listing, Vikram Solar IPO GMP indicated a debut at around an 11% premium, but the stock opened lower than predicted.

The solar PV modules manufacturer listed its shares at ₹340 on BSE, marking a 2.41% premium over the issue price of ₹332, while on NSE, it debuted at ₹338, a 1.81% premium. The IPO had witnessed strong investor demand, reflecting confidence in the company’s renewable energy growth potential despite the moderate listing gains.