Vikram Solar unveils ₹2,000-crore IPO:

Vikram Solar unveils ₹2,000-crore IPO:

Daily Current Affairs   /   Vikram Solar unveils ₹2,000-crore IPO:

Change Language English Hindi

Category : Business and economics Published on: August 16 2025

Share on facebook

Vikram Solar Ltd. is set to launch an Initial Public Offering (IPO) worth ₹2,000 crore, opening for subscription on August 19. The offering includes a fresh issue of equity shares amounting to ₹1,500 crore and an offer for sale of up to 1,74,50,882 shares by the promoter and promoter group. The price band has been fixed between ₹315 and ₹332 per share, each having a face value of ₹10. From the fresh issue proceeds, around ₹770 crore will be allocated towards partial funding of capital expenditure for Phase-I of the project through investment in its wholly owned subsidiary, VSL Green Power Pvt. Ltd., while approximately ₹595 crore will go towards Phase-II. The remaining funds will be used for general corporate purposes. Addressing concerns over the potential impact of U.S. tariffs, CMD Gyanesh Chaudhary confirmed that the company exports nothing to the U.S., thus facing no direct effect.

Recent Post's

  • Amit Shah launched ‘Bank in a Box’ to modernise Urban Cooperative Banks with digital banking, AI fraud prevention and cybersecurity.

    Read More....

  • E-Samudra was launched as a single digital platform to modernise India’s maritime administration.

    Read More....

  • World Lion Day is observed on 10 August to promote lion conservation and protect Asiatic lions.

    Read More....

  • The Kerala (Alteration of Name) Bill, 2026 proposes changing Kerala’s name to Keralam.

    Read More....

  • India gifted five peacocks, including a rare white male, to the UN Office at Geneva.

    Read More....

  • Physicist Deepak Dhar received the 2026 Dirac Medal from ICTP for his contributions to statistical physics.

    Read More....

  • Mohsen Rezaee was appointed Secretary and Head of Iran’s Supreme National Security Council.

    Read More....

  • ED Director Rahul Navin received a one-year extension until 13 August 2027.

    Read More....

  • Lok Sabha passed the Tribunals Reforms Bill, 2026, proposing an independent National Tribunals Commission.

    Read More....

  • Puducherry Police received the President’s Colour, becoming the 18th police force to receive the honour.

    Read More....