Vikram Solar: ₹2,000 Crore Shares Unlock for Trade as Lock-in Ends, Stock Below IPO Price

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Vikram Solar Shares Plunge 5% as ₹2,000 Crore Lock-in Ends

Vikram Solar Shares Plunge 5% as ₹2,000 Crore Lock-in Ends

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CNBC TV18•23-02-2026, 14:38

Vikram Solar Shares Plunge 5% as ₹2,000 Crore Lock-in Ends

•Vikram Solar shares dropped nearly 5% after a six-month shareholder lock-in period ended, freeing up shares worth over ₹2,000 crore for trade.
•103.9 million shares, or 29% of the company's outstanding equity, became eligible for trading.
•The stock hit a new 52-week low of ₹183, trading significantly below its IPO price and post-listing high.
•Despite the share drop, Vikram Solar reported strong Q3 earnings with a profit of ₹98 crore and revenue surging to ₹1,106 crore.
•Promoters held a 63.12% stake in the company at the end of the December quarter.

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