Rayzon Solar IPO Details: Everything You Should Know about 

The Rayzon Solar IPO opening date has not been announced yet, but the company has already filed its DRHP with SEBI/Exchange on 2nd July 2025. It is a bookbuilding IPO of ₹1,500 crore shares. The issue will be listed on NSE and BSE, and the tentative date is yet to be announced.

Rayzon Solar IPO Details

The IPO date for Rayzon Solar has not been fixed yet. The face value of Rayzon Solar IPO shares is ₹10 per share, and the IPO price band is [.] to [.] per share.

Kfin Technologies Limited is the registrar of the Rayzon Solar IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

Rayzon Solar IPO Details 

Rayzon Solar IPO GMP 

Note: The Rayzon Solar IPO has not yet opened. We will update the Rayzon Solar IPO GMP data post an official announcement.

Rayzon Solar IPO  IPO DRHP Status

Rayzon Solar IPO Review

Review the detailed Rayzon Solar IPO review for a thorough understanding of its potential to deliver listing gains. The Rayzon Solar IPO review will help you invest effectively to avoid significant losses. Explore more to make an informed Investment decision on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Rayzon Solar IPO.

Rayzon Solar IPO Limited’s revenue increased by 103% from ₹674.07 crores in March 2024 to ₹1,370.71 crores in March 2025. Moreover, the company’s PAT increased by 195% from ₹14.48 crores to ₹42.76 crores. Investors can analyse other relevant factors and make a decision accordingly.

Rayzon Solar’ IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for Rayzon Solar’s IPO on its tentative listing day.

Technical Analysis

Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Rayzon Solar IPO.

The PE ratio of Rayzon Solar IPO Limited’s share is [.], and its Earnings Per Share (EPS) stands at [.] Thus, the IPO of Rayzon Solar IPO Limited can deliver gains on its tentative listing day.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Rayzon Solar IPO Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

About the Rayzon Solar IPO Limited Company Overview 

Incorporated in 2017, Rayzon Solar Limited is a solar panel manufacturer based in India, known for producing high-efficiency photovoltaic (PV) modules.

The company specialises in monocrystalline and polycrystalline solar modules used across residential, commercial, and industrial solar projects.

The company manufactures solar PV modules at its two manufacturing facilities in Karanj and Sava, Surat, Gujarat, India, each with an installed solar PV module manufacturing capacity of 3.00 GW.

Rayzon Solar IPO Limited Financials

The company’s financial analysis is essential before applying for the IPO of Rayzon Solar IPO Limited. Refer to the table to learn about Rayzon Solar IPO Limited’s financial information. 

Explanation

Rayzon Solar IPO Limited’s revenue increased by 103% from ₹674.07 crores in March 2024 to ₹1,370.71 crores in March 2025. Moreover, the company’s PAT increased by 195% from ₹14.48 crores to ₹42.76 crores. Investors can analyse other relevant factors and make a decision accordingly.

Rayzon Solar IPO Promoter Holdings

Have a look at the table below to check the holdings of Avenue India Resurgence Pte Ltd and State Bank of India.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Rayzon Solar IPO Objectives

The primary aim of the Rayzon Solar IPO is to raise ₹1,500 crore by selling shares.  On the other hand, the Rayzon Solar IPO has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Rayzon Solar IPO.

• 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”)
• To meet the general corporate requirements

Should I Invest in Rayzon Solar’s IPO?

Explore the pros and cons of Rayzon Solar’s IPO to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s potential to deliver profits in the coming decades.

Pros of Rayzon Solar IPO

• Strong growth in revenue performance
• Large and expanding manufacturing capacity
• Industry standards certification
• Rigorous in-house and external quality control processes
• Adaptation of advanced technology

Cons of Rayzon Solar

• Higher temperature coefficient (~-0.397%/°C) leading to more efficiency loss in heat
• Limited service network in some regions
• Highly competitive market with exposure to raw material and forex price fluctuations
• Risks associated with rapid capacity expansion and scaling operations
• Product warranty is shorter than some competitors (≈10 years)
• Relatively higher first-year degradation (~2.5%) compared to premium brands

How to Invest in the Rayzon Solar IPO?

The IPO of Rayzon Solar has not yet opened. And most investors are still waiting for it. Here is how you can invest in the Rayzon Solar IPO after its opening. 

• Open a demat account or use your existing demat account to make a bid. 
• Navigate to the Rayzon Solar IPO section to make an application.
• Select the number of lots you want to apply for and proceed with your application further. 
• Once you have applied for the Rayzon Solar IPO, you will receive a mandate request on the selected mode of transaction.
• Approve the mandate request and get your application number instantly. 

How to Check Rayzon Solar IPO Allotment Status?

You can check for the Rayzon Solar IPO allotment in different ways. These include NSE and the registrar portal. Refer to the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Rayzon Solar IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Rayzon Solar IPO allotment status.

Final Thoughts

Rayzon Solar’ IPO is now gathering investors’ attention with a positive announcement expected to be made officially in July 2025. Kfin Technologies Limited has recently filed for the Rayzon Solar IPO worth ₹1,500 crores with SEBI via a confidential route. The issue is subject to the approval of SEBI. Investors are cautious about the IPO details of Rayzon Solar, including the issue date, price band, lot size, subscription, and other key information.

Stay informed with Univest to get regular updates on the Rayzon Solar IPO, GMP, subscription, and more!

FAQs on Rayzon Solar IPO

When did Rayzon Solar’s IPO file its IPO draft papers?

Ans. Rayzon Solar has filed its updated draft papers with SEBI for an IPO of up to ₹1,500 crore in July 2025.

What are the uses of IPO proceeds?

Ans. Rayzon Solar’s IPO has raised funds for IPO Proceeding to meet general corporate purposes.

Is Rayzon Solar an IPO that is publicly listed as a company?

Ans. Rayzon Solar’s IPO is not listed on stock exchanges, so it is not a publicly listed company. Rayzon Solar had gone public through an IPO filing of ₹1,500 crore.

What is the IPO issue size of Rayzon Solar?

Ans. It is a book-building IPO comprising a fresh issue and an offer for sale to raise approximately ₹1,500 crore in shares. 

Is Rayzon Solar’s IPO a good investment?

Ans. Rayzon Solar IPO Limited’s revenue increased by 103% from ₹674.07 crores in March 2024 to ₹1,370.71 crores in March 2025. Moreover, the company’s PAT increased by 195% from ₹14.48 crores to ₹42.76 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who will be the registrar of the Rayzon Solar IPO?

Ans. According to recent updates, Kfin Technologies Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding Rayzon Solar IPO GMP, allotment, and refund, you can contact Kfin Technologies Limited at reachus@kfintech.com  or 04067162222, 04079611000.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To obtain detailed information about the Rayzon Solar IPO, please wait for the Rayzon Solar IPO RHP and Rayzon Solar IPO DRHP to be released. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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