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Vikram Solar shares worth over ₹2,000 crore free up for trade as lock-in ends; stock below IPO pricePromoters 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, 7:57:08 AM IST (Published)2 Min ReadShares of Vikram Solar Ltd. will be in focus on Monday, February 23, as the six-month shareholder lock-in period comes 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 about 53% below its post-listing high, trading around ₹192.36. It remains 42% below than its IPO price of ₹332 per share, and just over 2% above its 52-week low of ₹188.25.

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 ReadingTagsShare Markets TodayShareholder Lock-In