Rayzon Solar Secures SEBI Approval for ₹15 Billion IPO

Rays Power, BVG India, and Shivalaya Construction file DRHPs

October 23, 2025

/ Staff
/ Finance and M&A, Modules, Solar
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Module manufacturer Rayzon Solar has received approval for its draft red herring prospectus (DRHP) for an initial public offering (IPO) to raise ₹15 billion (~$170.64 million) from the Securities and Exchange Board of India (SEBI).

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Staff

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