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Issue Open Date
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19-Aug-25
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Issue Closing Date
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21-Aug-25
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Application Money
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100
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Allotment Money
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Price Band
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315
-
332
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Minimium Application No.
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45
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Issue Size (Shares)
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45361650
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Market Lot
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1
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Objective
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1. Partial funding of capital expenditure through investment in our wholly owned Subsidiary, VSL GreenPower Private Limited, for setting up of an integrated 3,000 MW solar cell and 3,000 MW solar modulemanufacturing facility at plot no. A-5, A-6, A-7 & A-10, SIPCOT Industrial Complex, Gangaikondan,District Tirunelveli 627 352, Tamil Nadu (“Project Site”) (“Phase-I Project”).2. Funding of capital expenditure through investment in our wholly owned Subsidiary, VSL Green PowerPrivate Limited, for expanding the manufacturing capacity of the solar module manufacturing facility setup under the Phase-I Project from 3,000 MW to 6,000 MW at the Project Site (“Phase-II Project”).3. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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9712871
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494381250
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50.8996001285305
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Qualified Institutional Buyers
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12667954
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1808816760
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142.786811508788
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Retail Individual Investors
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12667954
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1808816760
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142.786811508788
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Business Description
As of December 31, 2021, we are one of India’s largest module manufacturers, in terms of operational capacity, producingsolar photo-voltaic (“PV”) modules (Source: CRISIL Report), and are also an integrated solar energy solutions provider offering engineering,
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Promoter's Holding
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Total Share Capital
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245769820
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Offered to Public
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45361650
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Promoter's Holding (Pre-Issue)
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77.64
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Promoter's Holding (Post-Issue)
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63.11
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MORE > |
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Address |
Biowonder
Unit No. 1102
11th Floor
789
Anandapur Main Road
Eastern Metropolitan Bypass
E. K. T
Kolkata
,
West Bengal
,
700107
Phone :
033-24427299 / 7399
Email :
secretarial@vikramsolar.com
Website :
www.vikramsolar.com
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Equirus Capital Pvt Ltd
JM Financial Ltd.
Nuvama Wealth Management Ltd.
Phillip Capital (India) Pvt Ltd.
UBS Securities India Pvt Ltd
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Promoters |
Gyanesh Chaudhary
Gyanesh Chaudhary Family Trust
Vikram Capital Management Pvt Ltd(Formarly Monolink Trexim Pvt Ltd)
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