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IPO Synopsis

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IPO

Vikram Solar Ltd
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
Opens On Closes On
19-Aug-25 21-Aug-25
Money Payable On
Application Allotment
332.00 0.00
Minimum Application for shares in Nos : 45 Further Multiples of : 45
Cr Lead Managers to the Issue
Project Cost (.Cr) 1414.49 Equirus Capital Pvt Ltd
Project Financed through Current Offer (.Cr) 2079.37  
Post Issue Equity Share Capital (.Cr) 361.72
Issue Price () 332.00
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
No Data Available