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Allotment
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Listing
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Issue Size
[.] shares (agg. up to ₹1,500 Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2024 |
|---|---|
| Assets | 996.99 |
| Total Income | 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Fujiyama Power Systems Ltd. | Mainboard | ₹828.00 Cr | ₹228 | 40.85 | ₹208.44 | -8.58% | ₹383.80 (+2.39%) |
| Emmvee Photovoltaic Power Ltd. | Mainboard | ₹2,900.00 Cr | ₹217 | 34.9 | ₹219.40 | +1.11% | ₹331.00 (+3.46%) |
| Saatvik Green Energy Ltd. | Mainboard | ₹900.00 Cr | ₹465 | 24.35 | ₹440.70 | -5.23% | ₹440.55 (+0.92%) |
| Mangal Electrical Industries Ltd. | Mainboard | ₹400.00 Cr | ₹561 | 24.31 | ₹535.35 | -4.57% | ₹284.65 (-1.35%) |
| Vikram Solar Ltd. | Mainboard | ₹2,079.37 Cr | ₹332 | 75.16 | ₹356.40 | +7.35% | ₹182.80 (-0.63%) |
| IC Electricals Co.Ltd. | SME | ₹47.91 Cr | ₹99 | 9.42 | ₹174.30 | +76.06% | ₹159.60 (-7.24%) |
| Vivid Electromech Ltd. | SME | ₹130.54 Cr | ₹555 | 19.2 | ₹563.05 | +1.45% | ₹1,315.00 (+4.49%) |
| INDO SMC Ltd. | SME | ₹91.95 Cr | ₹149 | 16.1 | ₹154.80 | +3.89% | ₹448.60 (+5.00%) |
| Sugs Lloyd Ltd. | SME | ₹85.66 Cr | ₹123 | 11.91 | ₹125.85 | +2.32% | ₹132.00 (-2.00%) |
| Parth Electricals & Engineering Ltd. | SME | ₹49.67 Cr | ₹170 | 18.05 | ₹182.70 | +7.47% | ₹470.70 (-1.60%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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”) | 1,265.00 |
| 2 | General corporate purposes |
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 com
Contact Details
Rayzon Solar Ltd. Address1104 - 1107 & 1109 - 1110, 11th Floor,Millennium Business Hub, Opp. Deep Kamal Mall,Varachha Road, Sarthana Jakatnaka,Surat, Gujarat, 395006+91-9898089173ir@rayzonenergies.comVisit Website