Overview of Vikram Solar Unlisted Shares:
Vikram Solar stands as one of the premier manufacturers of solar modules in India, boasting an impressive capacity of 3.5 GW and a robust presence both domestically and internationally. Established in 2005, the company operates manufacturing facilities situated in Falta SEZ, Kolkata, West Bengal, and Oragadam in Chennai, Tamil Nadu. Noteworthy among its achievements is the design and installation of a floating solar PV plant with a capacity of 100 kW, contributing significantly to the complete solarization of Cochin International Airport. Offering comprehensive solar energy solutions, Vikram Solar specializes in providing engineering, procurement, and construction (EPC) services, in addition to operations and maintenance support. Key highlights include a global footprint spanning 32 countries, with an extensive track record of commissioning 1420 MW worth of EPC projects worldwide. Furthermore, the company has serviced over 900 MW of projects with its high-efficiency modules and continues to export solar modules to more than 16 countries, solidifying its position as a leader in the renewable energy sector.
Shareholding Pattern of Vikram Solar Unlisted Shares:
The shareholding pattern of Vikram Solar reveals a diverse ownership structure, with various entities holding stakes in the company. Notably, Vikram Capital Management Private Limited emerges as the majority shareholder, with a significant holding of 42.93%. Following closely is the Hari Krishna Chaudhary Family Trust, which commands a sizable portion of ownership at 28.20%. Additionally, individuals such as Hari Krishna Chaudhary himself, along with Anil Chaudhary and Gyanesh Chaudhary, hold notable shares, each accounting for 5.31%, 5.24%, and 5.02%, respectively. Further contributing to the ownership landscape are Vikram Financial and other minor stakeholders, with holdings of 6.34% and 6.96%, respectively. This diversified shareholding pattern underscores the collaborative effort and investment from various entities in Vikram Solar's endeavors and signifies a balanced distribution of ownership within the company.
Corporate Actions by Vikram Solar Unlisted Shares:
During the fiscal year 2021-22, Vikram Solar underwent several significant corporate actions. Firstly, there was an increase in the authorized share capital, wherein the share capital was raised from Rs. 33 Crore to Rs. 400 Crore, with each equity share valued at Rs. 10. Additionally, the company filed its Draft Red Herring Prospectus (DRHP), signaling its intention to launch an Initial Public Offering (IPO). The IPO comprised a fresh issue of up to ₹1,500 crore and an Offer-for-Sale (OFS) of up to 5,000,000 equity shares by the selling shareholders. Moreover, Vikram Solar issued bonus shares to its shareholders at a ratio of 1:10, resulting in the issuance and allocation of 23,53,00,000 bonus shares with a face value of Rs. 10 each. In the subsequent fiscal year, 2022-23, the company underwent a notable change as its subsidiary, VP Utilities & Services Private Limited, was either liquidated or sold during the year. These corporate actions underscore Vikram Solar's strategic initiatives aimed at enhancing its financial structure, expanding its shareholder base, and optimizing its business portfolio.
Vikram Solar Unlisted Share Price
As of March 1, 2024, the current Vikram Solar Unlisted share price is ₹ 267 per share.
Vikram Solar Unlisted Share Price in Depth
Face Value of Vikram Solar Unlisted Share: ₹ 10
Price per share as of March 1: ₹ 267
You can check the Vikram Solar Unlisted Share Current Price at Precize.in
Growth Opportunities and Challenges for Vikram Solar Unlisted Shares.
Growth Opportunities for Vikram Solar Unlisted Shares:
The increasing demand for solar solutions, driven by global shifts towards clean energy, is bolstered by favorable policies and incentives. Growth opportunities lie in exploring untapped markets, both domestically and internationally.
Challenges for Vikram Solar Unlisted Shares:
Staying abreast of rapid technological advancements is imperative for Vikram Solar's unlisted shares. Successfully integrating solar power into current grids poses a significant challenge. Additionally, prioritizing minimal environmental impact throughout the production and disposal processes is crucial.
