Archive · 13 Jun 2025
Rayzon Solar Plans ₹1,500-cr IPO for Expansion
Imagine a company that makes solar panels, called Rayzon Solar.
They want to sell some of their company to the public to get money, like selling toys at a school fair!
This is called an IPO.
They plan to ask for about ₹1,500 crore.
They'll use the money to grow and make even more solar panels.
They started in 2017 and are growing fast.
This is happening because the government wants to make more things in India, and people are looking for different places to get solar panels from.
The company already got money earlier this year by selling shares privately.
Rayzon Solar plans to file draft papers for a ₹1,500-crore IPO.
The company is seeking to raise funds through the issuance of fresh equity shares.
Proceeds from the IPO will be used for expansion plans.
Rayzon Solar is based in Surat and founded in 2017.
The company's module manufacturing capacity has grown to 6,000 MW.
- Who
- Rayzon Solar Ltd.
- What
- Rayzon Solar plans an IPO to raise ₹1,500 crore.
- When
- Draft papers expected to be filed by the end of the month.
- Where
- Surat, Gujarat.
- Why
- To fund expansion plans.
- Company
- Rayzon Solar Ltd.
- IPO Amount
- ₹1,500 crore
- Use of Funds
- Expansion
- Founded
- 2017
- Location
- Surat, Gujarat
- Manufacturing Capacity
- 6,000 MW