Get ready for some stock market buzz! Vikram Solar Ltd, the shiny new name in solar power, sees its three-month shareholder lock-in period ending today, November 20. What does that mean? A fresh batch of 93 lakh shares, worth a whopping Rs 275.7 crore at Wednesday’s closing price, will now be allowed to trade freely. These shares make up 3% of the total company equity, and investors might keep a close eye on how this plays out in the market. Vikram Solar first stepped into the stock market spotlight on August 26, listing at Rs 340 a share. Their Rs 2,079-crore initial public offering (IPO) was like hotcakes, oversubscribed 54.63 times overall! Institutional investors, especially Qualified Institutional Buyers (QIBs), led the frenzy with 142.79 times subscription, followed by Non-Institutional Investors (NIIs) at 50.90 times, and retail investors subscribed 7.65 times their portion. With over 17 years of solar expertise, Vikram Solar is not just sitting pretty. They’re scaling up big time! The company plans to boost its module manufacturing capacity to 15.50 gigawatts (GW) by FY26 and even more to 20.50 GW by FY27, adding new and expanded facilities. They’re also stepping into solar cell manufacturing with two facilities in Tamil Nadu totaling 12 GW capacity by FY27. But wait, there’s more! Vikram Solar has its eyes on the future with a brand-new battery energy storage system (BESS) project starting with 1 GWh capacity, aiming to scale up to 5 GWh by FY27. This move into energy storage is smart, aiming for long-term growth and bigger profits. Speaking of profits, Vikram Solar dazzled the market with its second-quarter FY26 results. Its consolidated net profit skyrocketed by an amazing 1,636.5%, jumping to Rs 128 crore from just Rs 7 crore the year before. In the first half of FY26, profits were Rs 262 crore — a huge 767% rise over the same period last year. Revenue from operations rose 9% to Rs 1,110 crore, and EBITDA margin jumped 800 basis points to 21%, showing strong business health. Even though the stock price is currently hanging 27% below its post-listing peak of Rs 407.95, the end of the lock-in period and strong financials could spice things up for investors. So, while not all 93 lakh shares will flood the market immediately, the door is wide open for action and excitement in Vikram Solar’s stock story. Keep your eyes peeled! (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)