Rayzon Solar, a solar panel manufacturer, plans to file papers with Sebi for its IPO. The IPO is worth approximately Rs 1,500 crore. The Surat-based company has hired investment banks to manage the public offering. The company aims to use the funds for expansion. Rayzon Solar is entering the market during a growth phase for domestic solar manufacturing.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets