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Vikram Solar Boosts Production Capacity to 4.5 GW Ahead of IPO

Publish Date : 22 Feb 2025

Vikram Solar has expanded its production capacity to 4.5 GW ahead of its upcoming IPO, adding a 1 GW unit at its Falta facility in West Bengal and upgrading its Oragadam plant in Tamil Nadu. This expansion, following SEBI’s approval for its IPO, demonstrates the company’s commitment to growth and enhances investor confidence.

The Falta facility expansion began on December 5, 2024, while the Oragadam upgrade started on July 19, 2024. The upgrades enable the production of advanced TOPCon and HJT solar modules, improving efficiency and product offerings.

The IPO will consist of a fresh issue of ₹1,500 crore and an offer for sale of 1,74,50,882 equity shares. JM Financial, Nuvama Wealth Management, UBS Securities India, Equirus Capital, and PhillipCapital India are the lead managers, with Link Intime India serving as the registrar.

IPO Fund Utilization:

Phase-I Project: ₹793.36 crore for capital expenses.
Phase-II Project: ₹602.95 crore for capital expenses.
General Corporate Purposes: The remaining funds for business needs.

Source: https://ipocentral.in/vikram-solar-expands-production-capacity-before-ipo/

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