Kolkata: City-based Vikram Solar, one of India’s largest solar PV module manufacturer and EPC solutions provider, has got the final observations from capital market regulator Sebi for over Rs 1,500 crore initial public offering (IPO). This would include fresh issue offer for sale of up to 50 lakh equity shares.
Of the fresh issue, the company proposes to utilise a portion of the net proceed for setting up an integrated solar cell and solar module manufacturing facility, with an annual production capacity of 2,000 MW.
