Introduction
Amid India’s aggressive solar targets and a worldwide thrust for renewable power, Vikram Solar has stealthily worked its way up the list of top solar module manufacturers. Though not yet traded on the public exchanges, the noise around the Vikram Solar unlisted share price is growing steadily as investors race to cash in on the green energy upsurge ahead of the possible IPO.
In this 2025 guide, CoinDCX News goes through how you can buy Vikram Solar unlisted shares, what has made it a popular investment choice with investors and where to all find Vikram Solar unlisted share price today as well as the expected returns if you invested the latest Vikram Solar unlisted share price.
Table of Contents
What Are Unlisted Shares?
Shares of companies that are not listed on stock exchanges such as the NSE or the BSE are unlisted shares. These stock can be traded in the private market with a third party broker, an investment platform, or privately with early investors or employees.
Like most of prospering Indian companies, Vikram Solar has not issued public shares and therefore, its shares are available only on unlisted share markets or with grey market brokers.
About Vikram Solar: A Snapshot
- Founded: 2006
- Headquarters: Kolkata, India
- Sector: Renewable Energy (Solar Module Manufacturer)
- Capacity: 3.5+ GW solar module production
- Notable: One of India’s top 3 solar panel manufacturers
- Clients: NTPC, Indian Railways, WBSEDCL, international EPCs
Vikram Solar’s growth trajectory and strong execution in the solar energy space have made it an attractive pre-IPO opportunity.
Vikram Solar Unlisted Share Price Overview
Let’s address the most searched questions:
- What is the Vikram Solar unlisted share price today?
- How does the Vikram Solar unlisted share price latest compare to 2024?
As of July 2025, the Vikram Solar unlisted share price ranges between ₹250 – ₹290 per share, depending on the demand and volume of transactions.
Here’s a quick timeline of the share price movement:
| Year | Price Range (₹) |
| 2022 | 160 – 180 |
| 2023 | 200 – 220 |
| 2024 | 230 – 250 |
| 2025 (Now) | 250 – 290 (latest) |
Note: The Vikram Solar unlisted share price today may vary slightly across brokers and portals. Always confirm before buying.
Why Investors Are Eyeing Vikram Solar Unlisted Shares
1. Strong Fundamentals
The company has seen consistent growth in revenue, profit margins, and solar module production capacity.
2. IPO Expectations
Rumors of a 2025–2026 IPO have been circulating, increasing the interest in unlisted shares.
3. ESG & Renewable Push
India is aiming for 500 GW of renewable energy by 2030. Companies like Vikram Solar are critical to that goal.
4. Global Partnerships
Vikram Solar has started exporting to the US and Europe, opening new revenue pipelines.
How to Buy Vikram Solar Unlisted Shares in India?
Here’s a step-by-step guide to buying Vikram Solar shares in the unlisted market:
Step 1: Choose a Trusted Platform or Broker
Some popular platforms include:
- UnlistedZone
- Planify
- TradeUnlisted
- CapStocks
- Share India
Always check if the platform provides verified prices for the Vikram Solar unlisted share price today.
Step 2: Check Availability & Price
The availability changes due to the fact that these shares are not public traded. Prices vary based on demand. Take care to inquire the Vikram Solar unlisted rate latest before buy.
Step 3: Complete KYC
You’ll need to complete basic KYC:
- PAN Card
- Aadhaar
- Demat Account (linked with NSDL or CDSL)
Step 4: Place Your Order
Choose the number of shares and agree on the price, per share. `We will make a purchase agreement.
Step 5: Make Payment
Payment is generally made via bank transfer (NEFT/RTGS).
Step 6: Receive Shares in Demat
On successful payment, Shares are credited to your Demat account within 2 to 5 working days.
Vikram Solar Financial Snapshot (FY 2024-25)
| Metric | Value (₹ Crore) |
| Revenue | 3,400+ |
| Net Profit | 260+ |
| EBITDA Margin | ~12% |
| Order Book | ₹6,000+ Crore |
| ROE | 14–16% |
With this kind of performance, the Vikram Solar unlisted share price latest has strong backing from both retail and HNI investors.
Things to Consider Before Investing
- Liquidity Risk: Unlisted shares are not easily resold.
- Lock-In Period: If the IPO happens, there may be a lock-in of 6 months post-listing.
- No Daily Price Discovery: Prices aren’t updated like listed shares. Always verify the vikram solar unlisted share price today from multiple sources.
- Do Due Diligence: Study the company’s financials, investor presentations, and market news.
Is an IPO Coming Soon?
The company had filed IPO draft papers with markets regulator SEBI in 2022 itself, however, due to market volatility, it was deferred. Yet some analysts anticipate that they’ll return to their I.P.O. ambitions in late 2025 or early 2026.
If you invest now, and the IPO comes at a premium valuation, the vikram solar unlisted share price is speculative and migh give you good listing gains.
Pros and Cons of Investing in Vikram Solar Unlisted Shares
| Pros | Cons |
| Exposure to booming solar sector | Illiquidity of unlisted shares |
| Strong order book and client base | Market volatility can delay IPO |
| Pre-IPO discount potential | Prices are not transparent across platforms |
| Long-term wealth creation opportunity | Regulatory risks in renewable sector |
Taxation on Unlisted Shares in India
If you sell Vikram Solar unlisted shares:
- Before 2 years: Short-term capital gains, taxed at slab rate
- After 2 years: Long-term capital gains (LTCG), taxed at 20% with indexation
Plan your holding period accordingly.
Final Thoughts
The renewable energy market is heating up— and Vikram Solar is leading the way in the green revolution. For all those investors who are tired of looking at the regular listed shares, here is a stock for you – Buy Vikram Solar unlisted shares as a sustainable and return generating asset.
But be advised: unlisted investing is not a “get-rich-quick” proposition. Keep an eye on the Vikram Solar unlisted share price today, assess your risk appetite, and invest through reliable brokers to leverage this pre-IPO wonder.
For real time unlisted shares, IPO news and smart investment strategies, keep an eye on CoinDCX News.
FAQs About Vikram Solar Unlisted Share Price (2025)
How much is the Vikram Solar unlisted share price today?
As on July 2025, between ₹250 to ₹290 makes the range depending on where you are purchasing it.
How do I see the current Vikram Solar unlisted share price?
You may check on platforms such as UnlistedZone, Planify or Share India. Also, consult verified brokers.
When will Vikram Solar IPO?
Yes, analysts anticipate an I.P.O. by no later than the end of 2025 or 2026, depending on market conditions.
What is the lowest amount to invest in Vikram Solar unlisted shares?
It varies, with most platforms demanding a minimum deal size of ₹25,000–₹50,000.
How do I sell Vikram Solar unlisted share?
In the unlisted market, you can sell them back or in exchange after listing (if the IPO happens).
Is Vikram Solar profitable?
Yes. It declared net profit of ₹260+ crore in FY 2024-25.
Is the rate of Vikram Solar unlisted shares changed on daily basis?
Well, no it is market demand based check the vikram solar unlisted share price today before all trades.
Is it possible for Retail investors to invest in Vikram Solar unlisted shares?
Yes. Investors Anyone with a PAN, Aadhaar and Demat account can invest.
Should I wait for the IPO?
Buy unlisted shares to get in early at a lower valuation — but there are higher risks involved. The IPO could provide liquidity at a premium.
