Going by the draft papers, continues from the new issue will be used for setting up a coordinated solar cell and solar module fabricating office with a yearly creation limit of 2,000 MW.
Vikram Solar has gotten capital business sectors regulator Sebi’s thumbs up to raise supports through a first sale of stock (IPO). The IPO comprises of a new issue of up to Rs 1,500 crore and an Offer-available to be purchased (OFS) of up to 50 lakh value shares by the selling investors.
Vikram Solar, which documented fundamental IPO papers with the business sectors regulator in March, acquired its perception letter on August 10, an update with the Securities and Exchange Board of India (Sebi) displayed on Wednesday. In Sebi’s speech, its perceptions suggest drifting the IPO go for it.
Vikram Solar is a main homegrown module producer. It produces solar photo-voltaic (PV) modules and is an incorporated solar energy arrangements supplier offering designing, obtainment and development (EPC) administrations, and tasks and support (O&M) administrations. Going by the draft papers, continues from the new issue will be used for setting up a coordinated solar cell and solar module fabricating office with a yearly creation limit of 2,000 MW.
The organization has a worldwide impression through a deals office in the US and an obtainment office in China and has provided solar PV modules to customers in 32 nations, as of December 31, 2021. In India, the organization’s customers incorporate NTPC, Rays Power Infra, Amp Energy India, Azure Power India, West Bengal State Electricity Distribution Company Ltd, Solar Energy Corporation of India, Hindustan Petroleum Corporation Ltd and Keventer Agro. The organization’s worldwide customers incorporate Amp Solar Development Inc, Safari Energy LLC, Standard Solar Inc and Southern Current. In India, the organization’s customers incorporate NTPC, Rays Power Infra, Amp Energy India, Azure Power India, West Bengal State Electricity Distribution Company Ltd, Solar Energy Corporation of India, Hindustan Petroleum Corporation Ltd and Keventer Agro.
As of December 2021, the organization had a request book of Rs 4,870 crore. JM Financial Limited and Kotak Mahindra Capital Company Ltd are the book running lead directors to the public issue. The value offers will be recorded on BSE and NSE. JM Financial Limited and Kotak Mahindra Capital Company Ltd are the book running lead directors to the public issue.
