Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. Indian solar panel makers plan to raise Rs 5,800 crore this year

Indian solar panel makers plan to raise Rs 5,800 crore this year

12 Mar 2024

Add as preferred source
Key Takeaways

  • Collective Capital Pursuit:

    • Waaree Energies, Premier Energies, and Vikram Solar aims to raise Rs 5,800 crore collectively, underlining the solar sector's proactive approach amid India's 500 GW target.

  • Proactive Industry Moves:

    • Waaree's IPO, Premier's potential IPO, and Vikram's pre-IPO discussions reflect industry-wide efforts to secure capital for expansion.

  • Positive Outlook:

    • The industry's momentum, driven by domestic demand and government support, aligns with India's green energy goals, painting a positive outlook for solar module makers.

  • Collective Capital Pursuit:

    • Waaree Energies, Premier Energies, and Vikram Solar aims to raise Rs 5,800 crore collectively, underlining the solar sector's proactive approach amid India's 500 GW target.

  • Proactive Industry Moves:

    • Waaree's IPO, Premier's potential IPO, and Vikram's pre-IPO discussions reflect industry-wide efforts to secure capital for expansion.

  • Positive Outlook:

    • The industry's momentum, driven by domestic demand and government support, aligns with India's green energy goals, painting a positive outlook for solar module makers.

Waaree Energies

Waaree Energies

0.00%

Expert Analysis

Solar Power Surge: Waaree Energies, Premier Energies, and Vikram Solar Set to Raise Rs 5,800 Crore for Production Expansion Amid India's 500 GW Target

Expert Analysis:

  • Waaree Energies IPO: Files for a Rs 3,000 crore IPO, emphasizing Mumbai's commitment to meeting capex for solar module production.

  • Premier Energies Fundraising: Waaree Energies, based in Mumbai, filed for a Rs 3,000 crore IPO in December to fund capital expenditure needs. Waaree Energies appoints a foreign investment bank to potentially raise Rs 2,000 crore via an IPO, underscoring Hyderabad's prominence in the sector.

  • Vikram Solar Pre-IPO Round: In talks to secure Rs 600-800 crore in a pre-IPO round from family offices and high net-worth individuals, highlighting Kolkata's strategic financial moves.

  • Industry Expansion Trend: Smaller manufacturers are exploring IPOs, indicating a broader industry trend in raising capital for solar module production.

  • Market Drivers: Robust domestic demand, government incentives through PLI schemes, and anti-import duties create favorable conditions for solar module makers.

Publisher:money control