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Economic Times
7 hours ago
- Business
- Economic Times
Vikram Solar IPO: GMP falls to 17% ahead of Tuesday launch. Check details
Vikram Solar has fixed its IPO price band at Rs 315–332 per share. The issue comprises a fresh issue of up to Rs 1,500 crore along with an offer-for-sale of 1.74 crore shares by existing shareholders. At the upper end of the band, the offer-for-sale amounts to Rs 579.36 crore, bringing the total IPO size to Rs 2,079.36 crore. Tired of too many ads? Remove Ads Vikram Solar IPO timeline About Vikram Solar IPO Tired of too many ads? Remove Ads Vikram Solar IPO book-running lead managers About Vikram Solar The grey market premium (GMP) on shares of IPO-bound Vikram Solar on Monday traded at 17%, or Rs 57–58 above the upper price band of Rs 332, ahead of the issue launch on Tuesday, August 19. The current GMP trend suggests an estimated listing price of Rs 389–390 for this solar photovoltaic company However, the GMP has declined from Sunday's last recorded level of 20%, or Rs 66–68 per three-day issue, set to close on Thursday, August 21, is expected to debut on the exchanges on Tuesday, August 26. Share allotment for Vikram Solar IPO is likely to be finalised on Friday, August 22. This will be followed by refunds for non-allottees and the transfer of shares to the demat accounts of successful bidders on August Solar has set its IPO price band at Rs 315–332 per share. The offering includes a fresh issue of up to Rs 1,500 crore and an offer-for-sale component, with selling shareholders offloading 1.74 crore Chaudhary, Vikram Capital Management Private Limited, and Anil Chaudhary are the selling shareholders in the the upper range of the price band, the selling shareholders' portion aggregates to Rs 579.36 crore, taking the total IPO size to Rs 2,079.36 crore. Investors can place bids for a minimum of 45 equity shares and in multiples floor price for the issue has been set at 31.50 times the face value of the equity shares, while the cap price stands at 33.20 times the face value. Based on diluted EPS for FY25, the price-to-earnings ratio at the lower end of the price band (floor price) works out to 68.48 times, and at the upper end (cap price) it is 72.17 times. This compares with the average industry peer group P/E ratio of 44.28 times for book running lead managers for the issue are JM Financial Limited Nuvama Wealth Management Limited , UBS Securities India Private Limited, Equirus Capital Private Limited, and PhillipCapital (India) Private Limited. The registrar of the offer is MUFG Intime India Private Limited, formerly known as Link Intime India Private Solar stands as one of India's largest solar photovoltaic (PV) module manufacturers in terms of operational capacity, with over 17 years of industry experience. It has an installed manufacturing capacity of 4.50 GW for solar PV modules and an enlisted capacity of 2.85 GW as per the Ministry of New & Renewable Energy's Approved List of Modules and Manufacturers (ALMM), as of March 31, in 2009 with an initial capacity of 12.00 MW, the company has expanded to 4.50 GW as of the date of its Red Herring Prospectus. Its manufacturing facilities in Falta SEZ, Kolkata, and Oragadam, Chennai are strategically located with access to ports, rail, and road networks, supporting both domestic and international meet growing demand, the company is pursuing greenfield and brownfield expansion projects aimed at increasing capacity to 15.50 GW by FY26 and 20.50 GW by FY27.
Time of India
8 hours ago
- Business
- Time of India
Vikram Solar IPO: GMP falls to 17% ahead of Tuesday launch. Check details
Shares of Vikram Solar are generating significant buzz in the unlisted market ahead of the launch of its initial public offering on Tuesday, August 19. The stock traded with a grey market premium of 17% or Rs 57-58, over the IPO's upper band of Rs 332. The current GMP trend hints at an estimated listing price of Rs 389-390 for this solar photovoltaic company . The GMP on the shares of the IPO bound company, however, has declined from Sunday's last recorded level of 20%, or Rs 66–68 per share. Vikram Solar IPO timeline The three-day issue, set to close on Thursday, August 21, is expected to debut on the exchanges on Tuesday, August 26. Share allotment for Vikram Solar IPO is likely to be finalised on Friday, August 22. This will be followed by refunds for non-allottees and the transfer of shares to the demat accounts of successful bidders on August 25. About Vikram Solar IPO Vikram Solar has set its IPO price band at Rs 315–332 per share. The offering includes a fresh issue of up to Rs 1,500 crore and an offer-for-sale component, with selling shareholders offloading 1.74 crore shares. Gyanesh Chaudhary, Vikram Capital Management Private Limited, and Anil Chaudhary are the selling shareholders in the issue. At the upper range of the price band, the selling shareholders' portion aggregates to Rs 579.36 crore, taking the total IPO size to Rs 2,079.36 crore. Investors can place bids for a minimum of 45 equity shares and in multiples thereafter. The floor price for the issue has been set at 31.50 times the face value of the equity shares, while the cap price stands at 33.20 times the face value. Based on diluted EPS for FY25, the price-to-earnings ratio at the lower end of the price band (floor price) works out to 68.48 times, and at the upper end (cap price) it is 72.17 times. This compares with the average industry peer group P/E ratio of 44.28 times for FY25. Vikram Solar IPO book-running lead managers The book running lead managers for the issue are JM Financial Limited , Nuvama Wealth Management Limited , UBS Securities India Private Limited, Equirus Capital Private Limited, and PhillipCapital (India) Private Limited. The registrar of the offer is MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited. About Vikram Solar Vikram Solar stands as one of India's largest solar photovoltaic (PV) module manufacturers in terms of operational capacity, with over 17 years of industry experience. It has an installed manufacturing capacity of 4.50 GW for solar PV modules and an enlisted capacity of 2.85 GW as per the Ministry of New & Renewable Energy's Approved List of Modules and Manufacturers (ALMM), as of March 31, 2025. Established in 2009 with an initial capacity of 12.00 MW, the company has expanded to 4.50 GW as of the date of its Red Herring Prospectus. Its manufacturing facilities in Falta SEZ, Kolkata, and Oragadam, Chennai are strategically located with access to ports, rail, and road networks, supporting both domestic and international operations. To meet growing demand, the company is pursuing greenfield and brownfield expansion projects aimed at increasing capacity to 15.50 GW by FY26 and 20.50 GW by FY27. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
5 days ago
- Business
- Time of India
Vikram Solar fixes Rs 315-332 price band for IPO. Check GMP, key dates, other details
Solar photo-voltaic company Vikram Solar has fixed a price band of Rs 315-322 for its upcoming initial public offering (IPO), which will open for bidding next week, on August 19. The issue comprises a fresh component aggregating up to Rs 1,500 crore and an offer for sale component, which will include the selling shareholders offloading 17,450,882 shares in the company. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program At the upper range of the price band, the selling shareholders' portion aggregates to Rs 579.36 crore, taking the total IPO size to Rs 2,079.36 crore. Investors can place bids for a minimum of 45 equity shares and in multiples of 45 thereafter. Gyanesh Chaudhary, Vikram Capital Management Private Limited, and Anil Chaudhary are the selling shareholders in the issue. The floor price for the issue has been set at 31.50 times the face value of the equity shares, while the cap price stands at 33.20 times the face value. Live Events Based on diluted EPS for FY25, the price-to-earnings ratio at the lower end of the price band (floor price) works out to 68.48 times, and at the upper end (cap price) it is 72.17 times. This compares with the average industry peer group P/E ratio of 44.28 times for FY25. Vikram Solar GMP The shares of Vikram Solar are trading at a premium of Rs 65-70 in the grey market, translating into a GMP of 19.6%. Vikram Solar IPO key dates The Vikram Solar IPO is scheduled to open for subscription on August 19, and will close on August 21. The allotment of shares is expected to take place on August 22, with the listing date set for August 26. Vikram Solar IPO book running lead managers The book running lead managers for the issue are JM Financial Limited , Nuvama Wealth Management Limited , UBS Securities India Private Limited, Equirus Capital Private Limited, and PhillipCapital (India) Private Limited. The registrar to the offer is MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited. About Vikram Solar As of March 31, 2025, Vikram Solar stands as one of India's largest solar photovoltaic (PV) module manufacturers in terms of operational capacity, with over 17 years of industry experience. It has an installed manufacturing capacity of 4.50 GW for solar PV modules and an enlisted capacity of 2.85 GW as per the Ministry of New & Renewable Energy's Approved List of Modules and Manufacturers (ALMM). Established in 2009 with an initial capacity of 12.00 MW, the company has expanded to 4.50 GW as of the date of its Red Herring Prospectus. Its manufacturing facilities in Falta SEZ, Kolkata, and Oragadam, Chennai, are strategically located with access to ports, rail, and road networks, supporting both domestic and international operations. To meet growing demand, the company is pursuing greenfield and brownfield expansion projects aimed at increasing capacity to 15.50 GW by FY26 and 20.50 GW by FY27. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
5 days ago
- Business
- Economic Times
Vikram Solar fixes Rs 315-332 price band for IPO. Check GMP, key dates, other details
Solar photo-voltaic company Vikram Solar has fixed a price band of Rs 315-322 for its upcoming initial public offering (IPO), which will open for bidding next week, on August 19. ADVERTISEMENT The issue comprises a fresh component aggregating up to Rs 1,500 crore and an offer for sale component, which will include the selling shareholders offloading 17,450,882 shares in the company. At the upper range of the price band, the selling shareholders' portion aggregates to Rs 579.36 crore, taking the total IPO size to Rs 2,079.36 crore. Investors can place bids for a minimum of 45 equity shares and in multiples of 45 thereafter. Gyanesh Chaudhary, Vikram Capital Management Private Limited, and Anil Chaudhary are the selling shareholders in the floor price for the issue has been set at 31.50 times the face value of the equity shares, while the cap price stands at 33.20 times the face on diluted EPS for FY25, the price-to-earnings ratio at the lower end of the price band (floor price) works out to 68.48 times, and at the upper end (cap price) it is 72.17 times. This compares with the average industry peer group P/E ratio of 44.28 times for FY25. ADVERTISEMENT Unlock 500+ Stock Recos on App The shares of Vikram Solar are trading at a premium of Rs 65-70 in the grey market, translating into a GMP of 19.6%. ADVERTISEMENT The Vikram Solar IPO is scheduled to open for subscription on August 19, and will close on August 21. The allotment of shares is expected to take place on August 22, with the listing date set for August 26. Vikram Solar IPO book running lead managers ADVERTISEMENT The book running lead managers for the issue are JM Financial Limited, Nuvama Wealth Management Limited, UBS Securities India Private Limited, Equirus Capital Private Limited, and PhillipCapital (India) Private Limited. The registrar to the offer is MUFG Intime India Private Limited, formerly known as Link Intime India Private of March 31, 2025, Vikram Solar stands as one of India's largest solar photovoltaic (PV) module manufacturers in terms of operational capacity, with over 17 years of industry experience. It has an installed manufacturing capacity of 4.50 GW for solar PV modules and an enlisted capacity of 2.85 GW as per the Ministry of New & Renewable Energy's Approved List of Modules and Manufacturers (ALMM). ADVERTISEMENT Established in 2009 with an initial capacity of 12.00 MW, the company has expanded to 4.50 GW as of the date of its Red Herring Prospectus. Its manufacturing facilities in Falta SEZ, Kolkata, and Oragadam, Chennai, are strategically located with access to ports, rail, and road networks, supporting both domestic and international meet growing demand, the company is pursuing greenfield and brownfield expansion projects aimed at increasing capacity to 15.50 GW by FY26 and 20.50 GW by FY27. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
