Vikram Solar Ltd - IPO

Vikram Solar Ltd IPO Details

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.

Objective of issue

Partial funding of capital expenditure for the Phase-I Project. Funding of capital expenditure for the Phase-II Project. General Corporate Purposes.

Vikram Solar Ltd Contact Details

Vikram Solar Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - secretarial@vikramsolar.com

Website - www.vikramsolar.com