The company is gearing up for an Initial Public Offering (IPO) that could raise up to Rs 1,500 crore through the fresh issuance of equity shares. Along with this, the promoter group of the company will offer 17.45 million shares as part of the Offer for Sale (OFS).

The maiden listing comprises an initial issue of fresh equities worth Rs 1,500 crore and an offer-for-sale (OFS) of around 17.45 million shares by the promoter group

Vikram Solar Ltd has taken a step toward becoming a publicly listed entity by filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offerings (IPOs).

Vikram Solar Ltd and Midwest Ltd have filed their draft red herring prospectus for IPOs with SEBI. Vikram Solar plans to raise ₹1,500 crore while Midwest aims for ₹650 crore, utilising proceeds for capital expenditures and growth in renewable energy and mining sectors.

Vikram Solar files for IPO to raise ₹1,500 crore, expanding solar module manufacturing capacity and global presence.

Solar module maker Vikram Solar on Tuesday said it has filed draft papers with market regulator Sebi seeking permission to raise Rs 1,500 crore through an initial public offering (IPO).

Kolkata-based Vikram Solar, a prominent solar photovoltaic module manufacturer in India, has submitted its draft red herring prospectus (DRHP) to SEBI for an IPO. With over 15 years of industry experience,

Vikram Solar files draft papers to raise Rs 1,500 crore via IPO, expanding its solar module manufacturing capacity to 6,000 MW. The IPO includes fresh issues and an offer for sale.

Vikram Solar IPO consists of a fresh issue of Rs 1,500 crore worth of shares, and an offer-for-sale of 1.74 crore equity shares by promoters Gyanesh Chaudhary, Vikram Capital Management, and Anil Chau