Gujarat-based Rayzon Solar files DRHP for Rs 1,500 crore IPO; plans fresh issue with employee reservation
By Aditya Bhagchandani Published on June 27, 2025, 11:39 IST
Gujarat-based Rayzon Solar Limited, ranked among India's top 10 solar photovoltaic module manufacturers, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth Rs 1,500 crore.
As per the DRHP, the IPO will be entirely a fresh issue of equity shares with a face value of Rs 2 each, with no offer for sale component. The offer will also include a reservation for eligible employees under the employee reservation portion, with shares available at a discounted price for them.
Rayzon Solar currently has an installed manufacturing capacity of 6.00 GW as of March 31, 2025, placing it among the leading domestic players in the solar module segment.
The company's IPO proceeds are expected to support its future expansion and business development plans, subject to SEBI approval and market conditions.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments and IPO applications are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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