Vishakha Renewables Files IPO Papers, Eyes Rs 1,250 Crore

Vishakha Renewables files IPO papers, eyes Rs 1,250 crore

Vishakha Renewables, a company founded by Gautam Adani that specializes in solar components, has submitted its Draft Red Herring Prospectus. The firm aims to secure ₹1,250 crore through an initial public offering, designated for debt repayment and other corporate needs. A portion, ₹900 crore, will specifically address current borrowings. The IPO also includes an offer-for-sale of 1.81 crore shares, with proceeds benefiting the selling shareholde…

Adani Group-backed Vishakha Renewables files DRHP for IPO with ₹1,250 cr fresh issue

The company may also consider a pre-IPO placement of up to ₹250 crore. If such a placement is completed, the size of the fresh issue will be reduced accordingly

Indian PV manufacturer Vishakha Renewables files for IPO - pv magazine Global

Vishakha Renewables, jointly promoted by the Vishakha Group and the Adani Group, produces four of the six key components used in solar modules and is the largest solar component manufacturer (non-cell) in India in terms of combined installed production capacity as of March 31, 2026. The post Indian PV manufacturer Vishakha Renewables files for IPO appeared first on pv magazine Global.

Adani Group-backed Vishakha Renewables files for IPO

Vishakha Renewables, jointly promoted by the Vishakha Group and the Adani Group, produces four of the six key components used in solar modules and is the largest solar component manufacturer (non-cell) in India in terms of combined installed production capacity as of March 31, 2026.

Adani Group Affiliate Plans ₹1,250 Cr IPO to Boost Solar Manufacturing

Adani Group-backed Vishakha Renewables has filed draft IPO papers with SEBI to raise ₹1,250 crore via a fresh issue, alongside an offer-for-sale of 1.81 crore shares. The proceeds will primarily be used to repay ₹900 crore of its ₹2,700 crore debt, strengthening its balance sheet and funding solar glass capacity expansion.Vishakha Renewables has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI on September 30, 2026, confirming …