Rayzon Solar Files Draft Papers For Rs 1,500-Crore IPO

Solar Module Maker Rayzon Solar Files For INR 1,500 Cr IPO - Data Intelligence

Rayzon Solar, a major player in Indian solar energy manufacturing has filed draft papers with the Securities and Exchange Board of India (SEBI) for an IPO to raise INR 1500 crore The IPO will be a fresh issue of equity shares only and part of the company’s strategy to increase production capacity and vertically integrate through backward integration into solar cell and aluminium component manufacturing. The proposed listing will take place on bo…

Rayzon Solar Files Draft Papers For Rs 1,500-Crore IPO

Smart energy solutions company Rayzon Solar Ltd. has filed its preliminary papers with the Securities and Exchange Board of India to raise funds via an initial public offering.The public offer will include a fresh issue of shares aggregating to Rs 1,500 crore, according to the draft red herring prospectus that was filed on Wednesday.The proceeds from the fresh issue will be utilised for investment in the company's wholly owned subsidiary, Rayzon…