Vikram Solar Ltd - IPO

Vikram Solar Ltd IPO Details

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 issueof 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.

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