Vikram Solar files for an IPO

Vikram Solar Limitedhas filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

The initial public offer (IPO) consists fresh issue of up to Rs 15,000 million. It also includes offer for sale (OFS) of up to 5 million equity shares by the selling shareholders. The equity shares are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange. Vikram Solar had an order book of Rs 48,700 million as of December 2021. Out of this projects worth Rs 16,210 million are already under execution,and projects worth Rs 32,480million are yet to be executed.