Rayzon Solar Limited IPO Details
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Rayzon Solar IPO DRHP (Draft Red Herring Prospectus) has been Filed With SEBI.
The Lead Managers for Rayzon Solar IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is SBI Capital Markets Limited, Ambit Private Limited, IIFL Capital Services Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Rayzon Solar Limited DRHP.
Rayzon Solar IPO Details
Rayzon Solar IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Rayzon Solar IPO Reservation
Promoter Holding
Documents
Rayzon Solar IPO Valuations
To be announced
Rayzon Solar Financial Information
| Period Ended | 31 Dec 2024 |
| Assets | 996.99 |
| Revenue | 1,964.00 |
| Profit After Tax | 239.03 |
| EBITDA | 354.85 |
| Net Worth | 326.34 |
| Reserves and Surplus | 323.08 |
| Total Borrowing | 172.62 |
| Amount in ₹ Crore | |
About Rayzon Solar IPO
Incorporated in 2017, Rayzon Solar Limited is a solar panel manufacturer based in India, known for producing high-efficiency photovoltaic (PV) modules.
The company specializes in monocrystalline and polycrystalline solar modules used across residential, commercial, and industrial solar projects.
The company manufactures the solar PV modules at their two manufacturing facilities located in Karanj and Sava in Surat, Gujarat, India, each with an existing solar PV module manufacturing installed capacity of 3.00 GW.
The company has rapidly expanded its installed manufacturing capacity for solar PV modules from 40 MW as of March 31, 2018, to 2.10 GW by March 31, 2024, 3.00 GW by December 31, 2024, and further to 6.00 GW by March 31, 2025.
Product Portfolio:
- Bifacial (dual glass or glass to glass) modules with TOPCon cells and Mono PERC cells.
- TOPCon Modules (Also known as N-Type Modules
- Mono PERC Module (Also known as P-Type Module)
- Monofacial Modules
- Black Modules
The company offers TOPCon, Mono PERC, bifacial, monofacial, and black modules with high efficiency, various power ratings (up to 750 Wp), and warranties up to 30 years for diverse applications.
As of December 31, 2024, the company had 1,115 permanent employees,
Competitive Strengths:
- Advanced Manufacturing Facilities and R&D Capabilities with Focus on Quality
- Strategically Positioned to Capture Favourable Industry Tailwinds
- Diversified Customer Base with a Robust Order Book
- Expansive Distribution Network Supported by a Comprehensive Sales Framework
- Track Record of Delivering Consistent Financial and Operational Growth
Strength Of Rayzon Solar IPO
Risk Of Rayzon Solar IPO
Objectives Rayzon Solar IPO
1. Investment in our wholly owned Subsidiary, Rayzon Energy Private Limited (“REPL”), for part financing the cost of establishing the manufacturing facility with 3.5 GW installed capacity, to produce solar cells using TOPCon technology (the “Project”), at RS No. 198, 197, 199/002, 196/002, Kathvada, Mangrol, Surat, 394 405, Gujarat, India (collectively, the “Project Site”)
2. General corporate purposes
Company Contact Details
Rayzon Solar Ltd.
1104 - 1107 & 1109 - 1110, 11th Floor,
Millennium Business Hub, Opp. Deep Kamal Mall,
Varachha Road, Sarthana Jakatnaka,
Surat, Gujarat, 395006
Phone: +91-9898089173
Email: ir@rayzonenergies.com
Website: https://rayzonsolar.com/