Overview

• The IPO will raise about Rs 2,079 crore through a Rs 1,500 crore fresh share issue and a Rs 579 crore offer-for-sale by promoters.
• Investors can bid between Rs 315 and Rs 332 per share, with the anchor book opening on August 18 and public bidding running from August 19 to 21.
• The company has reserved Rs 10 crore of shares for eligible shareholders and allocated 50% to qualified institutional buyers, 35% to retail investors and 15% to non-institutional investors.
• Fresh proceeds will back the first phase of a 3,000 MW integrated solar cell and module facility in Tamil Nadu, with a follow-on expansion to 6,000 MW aligned to 15.5 GW capacity by FY26 and 20.5 GW by FY27.
• Tentative allotment is set for August 22, with shares slated to list on the NSE and BSE on August 26 under the guidance of five book-running lead managers and MUFG Intime as registrar.