IPO Advisory
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Solar - Panels
Sub Sector: Solar photo-voltaic (PV) modules manufacturers in terms of installed capacity
Vikram Solar is one of India's largest solar photo-voltaic (PV) modules manufacturers in terms of installed capacity, with more than 15 years of experience in the industry (Source: CRISIL Report). With 3.50 GW of installed manufacturing capacity for solar PV modules as on the date of this Draft Red Herring Prospectus, Vikram Solar have one of the largest enlisted capacities among pure play non-captive manufacturers in the Ministry of New & Renewable Energy Approved List of Module Manufacturers (ALMM) with 2.43 GW enlisted therein as of July 2024. Vikram Solar was also featured in Bloomberg NEF as a Tier 1 manufacturer in the first quarter of CY 2014, and have been subsequently listed repeatedly with the latest inclusion in the first three quarters of calendar year 2024. Vikram Solar strive to deliver reliable solar solutions through high efficiency and innovative products, and they propose to achieve this through their specialized high efficiency PV module manufacturing. Vikram Solar commenced their manufacturing operations in 2009 with an installed solar PV module manufacturing capacity of 12.00 MW, which has grown to 3.50 GW installed capacity as on the date of this Draft Red Herring Prospectus. Vikram Solar's existing manufacturing facilities are strategically located at Falta SEZ in Kolkata, West Bengal and Oragadam in Chennai, Tamil Nadu, with access to ports, rail and roads, helping us to facilitate both their domestic as well as international operations. To meet growing demand, they are currently undertaking significant greenfield and brownfield expansion plans, which are expected to increase their installed manufacturing capacity to up to 10.50 GW by Fiscal 2026 and up to 15.50 GW by Fiscal 2027. Furthermore, Vikram Solar is strategically backward integrating into the solar value chain by establishing a 3.00 GW solar cell manufacturing facility in Tamil Nadu.
link Intime India Private Limited
Vikram Solar operates in Solar - Panels and Solar photo-voltaic (PV) modules manufacturers in terms of installed capacity. The Issue would be listed on MainBoard. The registrar of the Issue is link Intime India Private Limited. The IPO type of Vikram Solar is Book Building Process and Object of issue is
Merchant Banker of Vikram Solar IPO is Equirus Capital Private Limited , Jm Financial Limited , Nuvama Wealth Management Limited , Ubs Securities India Private Limited , PhillipCapital (India) Private Limited
The DRHP (Draft Red Herring Prospectus) of Vikram Solar IPO was filed on 30 Sep 2024.
No, Vikram Solar IPO is not yet listed. See other upcoming MainBoard IPOs here.
The IPO open date and IPO close date of Vikram Solar are not available now. You can apply in Vikram Solar IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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