Vikram Solar falls 5% after shares worth over ₹2,000 crore free up for trade as lock-in ends
Published on 23/02/2026 02:38 PM
Vikram Solar falls 5% after shares worth over ₹2,000 crore free up for trade as lock-in endsPromoters of Vikram Solar held a 63.12% stake in the company at the end of the December quarter. Despite rising after listing, the stock currently trades 42% below its issue price of ₹332 apiece.By Gareema Bangad February 23, 2026, 2:38:03 PM IST (Updated)2 Min ReadShares of Vikram Solar Ltd. dropped nearly 5% on Monday, February 23, after the six-month shareholder lock-in period came to an end in today's trading session.
As per Nuvama Alternative & Quantitative Research, 103.9 million shares or 29% of the company's outstanding equity, will become available for trading at the end of the lock-in period.
Based on Friday's closing price, the value of shares eligible for trading once the lock-in period ends is ₹2,005 crore.
It must be noted that the end of the shareholder lock-in does not mean all the shares will be sold in the open market. They only become eligible to be traded.
In August 2025, shares of Vikram Solar made a subdued debut on Dalal Street, listing at a premium of 2.4% at ₹340 on BSE against the IPO issue price of ₹332. and at a premium of ₹338 or 1.81% against the IPO price on NSE.
The stock gained after its listing but is currently more than 55% below its post-listing high. It remains 42% below its IPO price of ₹332 per share.
Shares of the company fell as much as 4.87% on Monday morning, hitting an intraday low and setting a new 52-week low at ₹183. The stock, however, recovered some of its losses and was trading 3.35% down at ₹185.92 as of 2.32 pm.
For the December quarter, Vikram Solar delivered a strong earnings performance, reporting a profit of ₹98 crore, up from ₹19 crore last year.
Its revenue surged to ₹1,106 crore, while EBITDA more than doubled to ₹205 crore. The company noted a labour code impact of ₹56 crore.
Promoters of Vikram Solar held a 63.12% stake in the company at the end of the December quarter.
Shares of Vikram Solar had ended 10% lower on Friday, marking the third straight day of losses for the stock and also the biggest single-day fall since its listing. Friday's volumes on the stock were the highest since January 20 this year, with delivery volumes being the highest since September 2025.Continue ReadingFirst Published: Feb 23, 2026 7:57 AM ISTTagsShare Markets TodayShareholder Lock-In