Rayzon Solar IPO Announces
Rayzon Solar Limited has announced its Draft Red Herring Prospectus (DRHP) for an upcoming IPO. This IPO is a fresh issue of equity shares, aiming to raise 1500.00 crores. This article provides an overview of the company, its financials, and the IPO details.
Company Overview
Rayzon Solar Limited, with a 6 GW installed capacity, is a key player in India’s solar PV module manufacturing landscape. The company specializes in manufacturing solar PV modules utilizing Mono PERC and TOPCon technologies. Rayzon Solar targets a broad market with its products, focusing on delivering high-efficiency solar solutions.
Key Achievements
Rayzon Solar has demonstrated significant growth, evidenced by a FA turnover ratio of 16.83 times and an 82% on-year revenue growth in Fiscal 2024. The company has a strong order book of 4,652 crore, reflecting its robust market position and growth potential.
Financial Overview
The following table presents the financial highlights for Rayzon Solar Limited:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 996.98 | 352.80 | 138.20 | 111.19 |
| Revenue | 196.40 | 127.54 | 69.82 | 26.54 |
| Profit After Tax | 239.03 | 60.94 | 25.48 | 3.91 |
| Net Worth | 326.09 | 87.20 | 26.34 | 14.46 |
| Reserves and Surplus | 323.08 | 84.20 | 23.34 | 14.45 |
| Total Borrowing | 172.62 | 102.88 | 54.87 | 45.94 |
Offer for Sale and IPO Structure
The Rayzon Solar IPO is a fresh issue of equity shares aggregating up to 150 crore. The IPO plans to allocate shares to various investor categories as follows:
- Retail Investors: 35%
- Non-Institutional Investors (NII): 15%
The shares of Rayzon Solar Limited are proposed to be listed on BSE and NSE.
Lead Managers and Registrar
The lead managers for the Rayzon Solar Limited IPO are Sbi Capital Markets Limited, Ambit Private Limited, and Iifl Capital Services Limited. KFin Technologies Limited is the registrar for the IPO.
Conclusion
Rayzon Solar Limited’s IPO presents an exciting opportunity for investors. With its strong market presence and growth trajectory, the company is poised for further success. Stay tuned for updates on the IPO launch date and other key details to make an informed investment decision.