Vikram Solar Unlisted Share
Vikram Solar Ltd
INE078V01014
Listing Status: DRHP Filed
About Vikram Solar Unlisted Share
Overview of Vikram Solar Unlisted Share
Vikram Solar, established in 2006 in India, is a leading company in the solar energy sector. Specializing in the design, manufacturing, installation, and maintenance of solar photovoltaic (PV) modules and solar power systems, Vikram Solar is renowned for its high-quality solar products. Catering to a diverse clientele including homes, businesses, and large-scale projects, the company plays a pivotal role in promoting clean and sustainable energy solutions. Recognized for its innovation and commitment to advancing solar power adoption globally, Vikram Solar continues to contribute significantly to the renewable energy landscape.
Product Range
Vikram Solar's product portfolio encompasses a range of cutting-edge solar energy solutions. Hypersol modules offer high efficiency and durability, ideal for both utility and rooftop projects. Paradea modules deliver up to 25% bifacial gain, enhancing power yield and longevity. Prexos modules feature near-zero PID and anti-staining properties, perfect for rooftop installations in snowy regions. Somera modules, with cylindrical tabbing wire, ensure reduced shadowing and superior low light performance, suitable for projects with space constraints. With these innovative offerings, Vikram Solar continues to lead the way in promoting sustainable energy solutions globally.
Product | Description |
---|---|
Solar Modules | High-quality solar panels designed for efficient conversion of sunlight into electricity. |
Solar Cells | Essential components used within solar modules to capture sunlight and generate electrical current. |
Insights of Vikram Solar Unlisted Share
Financial Highlights
₹ in crores
Particulars | FY 2020-2021 | FY 2021-2022 | FY 2022-2023 |
Revenue | 1633.25 | 1743.04 | 2091.91 |
EBITDA | 177.71 | 58.68 | 186.68 |
Profit After Tax | 38.15 | (62.94) | 14.49 |
Domestic Module Manufacturer Expansion Plan
Solar Industry Overview in India
The global solar photovoltaic (PV) industry has witnessed robust growth, with installed capacity growing at a remarkable 29% CAGR from 2011 to 2020. Government support, including clean energy mandates and incentives, has been pivotal in driving this expansion. In 2020, global capacity reached 710 GW, with Asia contributing 60.6% of the additions, led by China with 254 GW installed. Falling component costs and increased private sector involvement have fueled declining bid tariffs for solar energy globally. Regulatory support and policy frameworks incentivizing installations and reducing costs for developers have further propelled industry growth. Overall, the solar PV sector offers promising investment opportunities amid the global shift towards clean energy.
- Growth: Rapid expansion driven by government policies and declining costs.
- Government Initiatives: National Solar Mission, subsidies, tax benefits, and renewable purchase obligations.
- Market Dynamics: Competitive landscape with various stakeholders including developers, manufacturers, and financial institutions.
- Projects: Mix of utility-scale solar parks, rooftop installations, and off-grid systems.
- Challenges: Land acquisition, grid integration, financing, and policy uncertainties.
- Outlook: Optimistic future outlook with continued government support, declining costs, and technological innovations.
Fundings and IPO Plans
December 19, 2023: Vikram Solar Ltd secured $200 million in funding from the US International Development Finance Corporation (DFC) for its 3 GW cell and module manufacturing plant in Gangaikondan, Tamil Nadu, through a retainer letter. Additionally, there is a possibility of pre-IPO share sales amounting to Rs. 300 crores, which could alter the initial plan. Anil Chaudhary, Girish Kumar Madhogaria, Pushpa Madhogaria, and Vikram India Ltd. are among the entities selling shares. JM Financial Limited and Kotak Mahindra Capital Company Ltd. are the main companies facilitating the process.
Vikram Solar planned to raise Rs. 2000 crores through an IPO.
• Fresh Issue: Rs. 1500 Crs
• Offer for sale: 5 million shares
• DRHP Filing: 6th March 2022
Objective of the Issue
The proceeds from the issue will be used for :
- Worth Rs.1,238.80 crore funding capital expenditure for setting up 2000 megawatts integrated solar cell and solar module manufacturing facility at Tamil Nadu through its wholly owned arm VSL Green Power Pvt Ltd.
- General corporate purpose.
As of MARCH 12, 2024: Vikram Solar is in talks to raise Rs 600 crore-800 crore in a pre-IPO round from family offices and high net worth individuals.
Financial Charts of Vikram Solar Unlisted Share
Balance Sheet of Vikram Solar Unlisted Share
Profit and Loss of Vikram Solar Unlisted Share
Management of Vikram Solar Unlisted Share
HARI KRISHNA CHAUDHARY - Director
Shareholding in the company - 4.48 %
GYANESH CHAUDHARY - Managing Director
Shareholding in the company - 5.02 %
SAIBABA VUTUKURI - Chief Executive Officer
NEHA AGRAWAL - Wholetime Director
SUDIP CHATTERJEE - Company Secretary
RAJENDRA KUMAR PARAKH - Chief Financial Officer
PROBIR ROY - Director
JOGINDER PAL DUA - Director
VIKRAM SWARUP - Director
KRISHNA KUMAR MASKARA - Wholetime Director
Ancillary of Vikram Solar Unlisted Share
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
FAQs of Vikram Solar Unlisted Share
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How to buy Vikram Solar Ltd?
Below are three ways through which you can purchase Vikram Solar Ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Vikram Solar Ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Vikram Solar Ltd?
Below are three ways through which you can sell Vikram Solar Ltd:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Vikram Solar Ltd, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Vikram Solar Ltd?
We provide a two way quote on all the shares we deal in. Your buy price for Vikram Solar Ltd is ₹259 and your sell price for Vikram Solar Ltd is ₹200. The price is based on our estimates and market conditions.
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What is the lock-in period of Vikram Solar Ltd?
The lock-in period for Vikram Solar Ltd varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Vikram Solar Ltd
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Vikram Solar Ltd
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Vikram Solar Ltd price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Vikram Solar Ltd. The price is also determined from the most recent funding round for Vikram Solar Ltd. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Vikram Solar Ltd?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Vikram Solar Ltd with us kindly click here.
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What are the financials of Vikram Solar Ltd?
The financials of Vikram Solar Ltd which includes the P/L of Vikram Solar Ltd and the Balance Sheet of Vikram Solar Ltd is in the financials section (Click on link).
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Where can I find the annual report of Vikram Solar Ltd?
The annual report of Vikram Solar Ltd is available in the annual report section (Click on link).
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Is buying Vikram Solar Ltd legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Vikram Solar Ltd?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Vikram Solar Ltd and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Vikram Solar Ltd once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Vikram Solar Ltd?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Vikram Solar Ltd from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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