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Vikram Solar IPO Listing News: Solar energy solutions provider Vikram Solar's shares debuted in the secondary market on a decent note on Tuesday, August 26.

The stock began its journey on BSE at Rs 340 apiece, marking a premium of Rs 8, or 2.4 per cent, over the issue price.

On NSE, the Vikram Solar stock -- traded with the symbol VIKRAMSOLR on both bourses -- at Rs 338, a premium of Rs 6, or 1.8 per cent.

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The Kolkata-headquartered company’s initial public offer concluded last Thursday with a total subscription of 54.6 times.

Zee Business Managing Editor Anil Singhvi had recommended applying for the IPO for listing gains and from a medium-term perspective.

Here’s everything to know about Vikram Solar:

Singhvi has identified the following key points about Vikram Solar:

Positive:

Negative: 

ALSO READ: Vikram Solar IPO Final Day: Rs 2,000 crore issue subscribed over 54 times

Vikram Solar IPO

The IPO -- comprising fresh issuance of Rs 1,500 crore and an offer for sale (OFS) to the tune of Rs 579 crore -- was open for subscription from August 19 to August 21.

According to provisional exchange data, the portions set aside for qualified institutional buyers (QIBs) and non-institutional investors (NIIs) were booked 142.8 and 50.9 times, respectively.

The portion reserved for retail individual investors (RIIs) saw a subscription of 7.7 times the equity on offer, according to the data.

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