Vikram Solar IPO: What’s the Expected Listing Price? 

By Finchetak.com August 25, 2025 

Vikram Solar, a leading solar panel manufacturer, is all set to list its shares on the stock market on Tuesday, August 26. Ahead of the debut, investors are closely tracking the grey market premium (GMP) — an informal indicator of possible listing gains.

• The IPO’s price band is fixed between ₹315 and ₹332 per share.
  
  

• The current grey market premium is around ₹40 above the upper price band.
  
  

• This suggests the stock could list at around ₹372 per share, nearly 12% higher than the issue price.
  
  

• Market expectations indicate the shares could list in the range of ₹372–₹373 per share, depending on overall sentiment.

Bottom Line:

If you bought shares of the Vikram Solar IPO at ₹332, they may trade around ₹372–₹373 when the stock lists — giving you a possible profit of about 12% on day one.