Vikram Solar is one of India’s largest module manufacturers, in terms of operational capacity, with 3.5 GW of installed manufacturing capacity for solar PV modules, producing mono PERC, bifacial & monofacial and smart and polycrystalline PV modules across our factories located at Falta SEZ, Kolkata, West Bengal and at Oragadam in Chennai, Tamil Nadu. Both of these factories are strategically located with access to ports, rail and roads helping facilitate both domestic as well as international operations.
The company plans to raise funds worth Rs 2000 crore via IPO. The IPO consists of a fresh issue of up to Rs.1,500 crore and an Offer-for-Sale (OFS) of up to 5,000,000 equity shares by the selling shareholders. The company may consider a pre-IPO placement worth Rs.300 crores, which would diminish the original issue size.
OFS comprises selling upto 3.62 million shares by Anil Chaudhary, upto 2.58 lakh shares by Girish Kumar Madhogaria, upto 1.27 lakh by Pushpa Madhogaria, upto 1 million shares by Vikram India Ltd.
The proceeds from the issue will be used for
Listing at NSE, BSE
|IPO Open Date||To be announced|
|IPO Close Date||To be announced|
|Allotment Date||To be announced|
|Initiation Of Refunds||To be announced|
|Credit Of Shares To
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|Revenue From Operation||16,101.38||16,396.83||20.168.36|
|Profit After Tax (PAT)||16,276.02||16,619.74||20,312.94|
A simple and smartest way to apply in IPO online via Religare Dynami Mobile App
Below are your top 3 reasons:
Ability to provide EPC and O&M services as a supplemental value add to our solar PV module manufacturing business
track record of being an early adopter in technology with manufacturing facilities based on global best practices
Robust financial performance backed by an experienced management team with an excellent track record
Significant amount of revenue is derived from only one product and therefore its continued success is necessary for business
Changes in the price of wafers, solar PV cells and other raw materials due to changes in demand or other factors could adversely affect the manufacturing of solar PV modules
Unable to benefit from the government policies like PLI scheme and various other policies
Retail investors need to apply for the IPO using UPI
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Vikram Solar IPO constitutes Rs 15,000 million in fresh issues and Rs 5000 million in offer for sale equities.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as 'capital gains'.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.