Vikram Solar share price up after major order win from L&T; here's how stock has performed since IPO

In an exchange filing, the company said that it will supply 336 MW of advanced Hypersol G12R solar modules, based on N-type technology. These modules will be deployed in Gujarat's Khavda.

This latest module offers improved bifaciality of up to 80%, better high-temperature performance and lower year-on-year degradation (≤0.4%).

The timeline for delivery of this domestic order is from November 2025 to March 2026.

Gyanesh Chaudhary, Chairman and Managing Director, Vikram Solar, said, "We are delighted to contribute to this landmark project. The region holds immense potential for solar energy, and this project will play a pivotal role in harnessing that opportunity. Each project we deliver is a testament to the trust placed in Vikram Solar’s technology, performance, and commitment to excellence."

Vikram Solar share price: Here's how the stock has performed since IPO

Vikram Solar shares were trading 6.32% higher at ₹343.25 apiece on the National Stock Exchange (NSE) on Monday, September 8, at 9:31 am.

At the current price, the stock is trading 3.38% higher than its IPO issue price of ₹332 a unit.

The stock had debuted at ₹338 apiece on August 26, reflecting a premium of 1.81% over the issue price.

The initial share sale was subscibed 54.63 times, with bids for 2,47,81,57,965 shares as against 4,53,61,650 shares on offer. Before the IPO, the company had collected ₹621 crore from anchor investors.

Vikram Solar is among the leading Indian solar module manufacturers, specialising in PV module manufacturing, with an international presence across 39 countries. It has a cumulative production capacity of 4.5 GW.