India's Vikram Solar jumps 9% in trading debut
ReutersAug 26, 2025 5:05 AM
Indian solar module maker Vikram Solar VIKO.NS surges about 9% on first day of trading
Stock opened at 338 rupees, 1.8% higher than issue price of 332 rupees; last up 8.86%
Its 20.79 billion rupee (~$238 million) IPO was subscribed 54.63 times, led by 142.79x bids from qualified institutional buyers
Co valued at 131.79 billion rupees ($1.51 billion), as of 10:28 a.m. IST
IPO consists of fresh shares worth 15 billion rupees and shareholders offloading 5.79 billion rupees of shares
Proceeds from the issue will be used to fund expenses and invest in subsidiary VSL Green Power
($1 = 87.5060 Indian rupees)
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