new Delhi. Solar photo-voltaic panel maker Vikram Solar has submitted its documents with market regulator SEBI for IPO (Vikram Solar IPO). The company gave this information in a statement today, on Thursday.
Vikram Solar said that it will issue new shares worth Rs 1,500 crore under the IPO. In addition, the existing shareholders of the company will bring an offer for sale (OFS) of 50,00,000 equity shares. JM Financial and Kotak Mahindra Capital Company are the Book Running Lead Managers for the issue.
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sales office in usa
Vikram Solar is the country’s leading solar module manufacturer. It manufactures solar photo-voltaic (PV) modules. The company has a sales office in the US and a purchase office in China. The company has supplied PV modules to customers in 32 countries till December 31, 2021.
The company’s clients in India include NTPC, Rays Power Infra, & Energy India, Solar Energy Corporation of India and Hindustan Petroleum Corporation Ltd. etc. are included. The shares of the company will be listed on BSE and NSE.
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Company’s customers in and outside India
In India, its clients include National Thermal Power Corporation (NTPC), Rays Power Infra Pvt Ltd, Amp Energy India Pvt Ltd, Azure Power India Pvt Ltd, West Bengal State Electricity Distribution Company Ltd, Solar Energy Corporation of India, West Bengal Power Development , Hindustan Petroleum Corporation Limited, Keventor Agro Limited.
Talking about international clients, these include Amp Solar Development Inc. (customers since 2019), Safari Energy LLC, Standard Solar Inc. and Southern Current.
Tags: IPO, stock market
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