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IPO Synopsis

Vikram Solar Ltd
Initial public offering of up to [*] 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. [*] per equity share ("Offer Price") aggregating up to Rs. [*] crores (the "Offer") comprising of a fresh issue of up to [*] equity shares aggregating up to Rs. 1500.00 crores by the company ("Fresh Issue") and an offer for sale of up to 17,450,882 equity shares aggregating up to Rs. [*] crores ("Offer for Sale") comprising of up to 6,000,000 equity shares aggregating up to Rs. [*] crores by Gyanesh Chauhary, up to 1,500,000 equity shares aggregating up to Rs. [*] crores by Vikram Capital Management Private Limited and up to 9,950,882 equity shares aggregating up to Rs. [*] crores by Anil Chaudhary, collectively referred to as the "Selling Shareholders", and such equity shares, the "Offered Shares"). The offer includes a reservation of up to [*] equity shares, aggregating up to Rs.10.00 crores (constituting up to [*]% 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 shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. Price Band:Rs.315 to Rs. 332 per equity share of the face value of Rs.10 each. The floor price is 31.5 times of the face value the cap price is 33.20 times of the face value. Bids can be made for a minimum of 45 equity shares and in multiples of 45 equity shares thereafter.
Issue
Opens On Closes On
19-Aug-25 21-Aug-25
Money Payable On
Application Allotment
315.00 0.00
Minimum Application for shares in Nos : 45 Further Multiples of : 45
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 Equirus Capital Pvt Ltd
Project Financed through Current Offer (.Cr) 2049.70  
Post Issue Equity Share Capital (.Cr) 361.72
Issue Price () 315.00
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
MUFG Intime India Pvt Ltd
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