Vikram Solar IPO Last Day: Subscribed to 50x Rs 20 billion release so far
Vikram Solar IPO last day: Vikram Solar’s Last Day: The 207.99 crore initial public offering (IPO) of solar module manufacturer Vikram Solar was booked 54.50 times on the last day of the bidding process on Thursday, August 21.
According to BSE data, the IPO received bids of 2,47,23,80,730 shares while bids of 4,53,61,650 shares as of 4.53,61,650 shares. The non-institutional investor (NII) subscribed 50.83 times, while the retail individual investor (RII) quota had 7.43 subscriptions. However, the Qualified Institutional Buyer (QIB) category showed the highest demand, with a subscription of 142.79 times.
IPO structure, capital utilization rate
Vikram Solar raised Rs 621 crore from Anchor Investors on Monday before the IPO opened. The issue is priced at a band of Rs 315-332 per share and will end on Thursday.
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The IPO includes a new stock stock, a stock worth up to Rs 15 billion, and an offer (OFS) of more than 174 million shares worth approximately Rs 57937 crore, with a price of high price band. The proceeds from the new problem will be primarily used to provide capital expenditures for its wholly-owned subsidiary VSL Green Power Pvt. Limited, covering the first and second phases of the project.
Vikram Solar IPO: BRLMS, Registrar Details
JM Financial, Nuvama Wealth Management, UBS Securities, Equirus Capital and Phillipcapital are the chief managers of the book run for the offer, and
What you need to know about Vikram Solar
Founded in 2009, Vikram Solar’s initial solar PV module has a capacity of 12 MW and has expanded to 4.5 GW of installation capacity. The company operates two PV module manufacturing facilities in West Bengal and Tamil Nadu, as well as solar cell manufacturing units in Gangaikondan, Tamil Nadu.
Its client portfolio includes leading government entities such as NTPC, Neyveli lignite Corporation and Gujarat Industries Power Company, as well as large private IPPs such as Adani Green Energy, Acme Cleantech Solutions, Azure Power India, JSW Energy, JSW Energy and Rays Power.
