Vikram Photo voltaic IPO Closing Day: Photo voltaic module producer Vikram Photo voltaic’s Rs 2,079-crore preliminary public providing (IPO) has been booked 6.89 instances to date on the final day of the bidding course of, Thursday, August 21.
As of 10:57 am, the IPO acquired bids for 31.26 crore shares in opposition to the 4.53 crore shares on supply, in keeping with the BSE knowledge. The non-institutional buyers (NII) section led the demand with a 21.70 instances subscription, whereas the retail particular person buyers (RIIs) quota was subscribed 4.36 instances. The certified institutional consumers (QIBs) class, nonetheless, noticed solely 16 per cent subscription.
IPO Construction, funds utilisation
Forward of the IPO opening, Vikram Photo voltaic raised Rs 621 crore from anchor buyers on Monday. The difficulty, priced within the band of Rs 315–332 per share, will shut on Thursday.
The IPO consists of a recent subject of fairness shares value as much as Rs 1,500 crore and a suggestion on the market (OFS) of over 1.74 crore shares, valued at about Rs 579.37 crore on the higher worth band. Proceeds from the recent subject will primarily be used to fund capital expenditure for its wholly owned subsidiary VSL Inexperienced Energy Pvt. Ltd., masking each Part I and Part II of the challenge.
Vikram Photo voltaic IPO: BRLMs, registrar particulars
JM Monetary, Nuvama Wealth Administration, UBS Securities, Equirus Capital, and PhillipCapital are the book-running lead managers for the supply, whereas
All you must find out about Vikram Photo voltaic
Based in 2009 with an preliminary photo voltaic PV module capability of 12 MW, Vikram Photo voltaic has expanded to 4.5 GW of put in capability. The corporate operates two PV module manufacturing amenities in West Bengal and Tamil Nadu, together with a photo voltaic cell manufacturing unit in Gangaikondan, Tamil Nadu.
Its shopper portfolio consists of main authorities entities reminiscent of NTPC, Neyveli Lignite Company, and Gujarat Industries Energy Firm, in addition to massive personal IPPs like Adani Inexperienced Power, ACME Cleantech Options, Azure Energy India, JSW Power, and Rays Energy Infra.
