IPO Synopsis
| Vikram Solar Ltd |
|---|
| Registered Office: Biowonder Unit #.1102 11th Flr,789 Anandapur Main Roadd E K T,Kolkata-700107, West Bengal |
| Tel. No: 91-33-2442 7399/2442 7299 |
| Fax No: NA |
| Email: secretarial@vikramsolar.com |
| Website: www.vikramsolar.com |
| Initial public offering of 62,631,604 equity shares of face value of Rs. 10/- each ("Equity Shares") of Vikram Solar Limited ("the Company" or "Company" or "Issuer") for cash at a price of Rs. 332/- per equity share ("Offer Price") aggregating to Rs. 2079.37 crores (the "Offer") Comprising of a fresh issue of 45,180,722 equity shares aggregating to Rs. 1500.00 crores by the company ("Fresh Issue") and an offer for sale of 17,450,882 equity shares aggregating to Rs. 579.37 crores ("Offer for Sale") comprising of 6,000,000 equity shares aggregating to Rs. 199.20 crores by Gyanesh Chaudhary, 1,500,000 equity shares aggregating to Rs. 49.80 crores by Vikram Capital Management Private Limited and 9,950,882 equity shares aggregating to Rs. 330.37 crores by Anil Chaudhary, collectively referred to as the "Selling Shareholders", and such equity shares, the "Offered Shares"). The offer included a reservation of 301,204 equity shares, aggregating to Rs. 10.00 crores (Constituting upto 5% of the Post-Offer Paid-up Equity Share Capital), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as "Net Offer". The offer and net offer constitutes 17.32% and 17.23%, respectively, of the post-offer paid-up equity share capital of the company. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 19-Aug-2025 | 21-Aug-2025 | ₹332.00 - 0.00 | |
| Minimum Application for shares in Nos : 45.0 | Further Multiples of :45.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 1,414.49 | Equirus Capital Pvt Ltd |
| Project Financed through Current Offer | 2,079.37 | JM Financial Ltd |
| Post Issue Equity Share Capital | 361.72 | Nuvama Wealth Management Ltd |
| Issue Price | 332.00 | Phillip Capital (India) Pvt Ltd |
| Projects |
|---|
| Partial funding of capital expenditure for the Phase-I Project |
| Funding of capital expenditure for the Phase-II Project |
| General Corporate Purposes |
| Promoted By |
|---|
| Gyanesh Chaudhary |
| Gyanesh Chaudhary Family Trust |
| Vikram Capital Management Pvt |
| Listing At |
|---|
| BSE |
| NSE |
| Registrar To The Issue |
|---|
