JSA Advises SBI Capital Markets, Ambit Private, and IIFL Capital Services on Rayzon Solar Limited’s Proposed ₹1,500 Crore IPO

More articles

JSA has advised the book-running lead managers—SBI Capital Markets, Ambit Private, and IIFL Capital Services—on the proposed initial public offering (IPO) of Rayzon Solar Limited

JSA’s role encompassed conducting legal due diligence on the issuer, drafting and reviewing offer documents, advising on regulatory compliance with the Securities and Exchange Board of India (SEBI) regulations, and assisting with overall structuring and documentation of the public issue.

The JSA team was led by Arka Mookerjee (Partner) and Siddhartha Desai (Partner), supported by associates Arjun Rastogi, Govind Roy, Prateek Khandelwal, Aditya Shendye, Ayushi Pandit, and Anvita Sinha.

According to publicly available information, AZB & Partners is acting as legal counsel to the issuer.

Also read: Kalpataru Limited Files for ₹15.90 Billion IPO — AZB Advises Bookrunners

Deal Overview

Acquirer/Issuer

Rayzon Solar Limited

Target

Not Applicable

Transaction Type

Initial Public Offering (IPO)

Sector

Renewable Energy (Solar Power)

Deal Value

Approx. ₹1,500 crore (Fresh Issue)

Stake Acquired

Not Applicable (Fresh equity issuance only)

Status

Draft Red Herring Prospectus (DRHP) filed with SEBI

Regulatory Approvals

Subject to SEBI and stock exchange approvals

 

Strategic Significance

Rayzon Solar Limited, founded in 2017 and headquartered in Surat, is one of India’s leading solar photovoltaic module manufacturers with a production capacity of approximately 6 gigawatts (GW). The IPO proceeds are expected to partly finance the development of a new 3.5 GW solar cell manufacturing facility in Surat, leveraging advanced TOPCon technology. This expansion is aimed at strengthening Rayzon Solar’s backward integration capabilities and supporting India’s goal of building a resilient domestic solar manufacturing ecosystem.

Why It Matters

The proposed IPO underlines the growing investor appetite for companies in India’s renewable energy and green technology sectors. With increasing policy focus on solar capacity additions and domestic manufacturing under the government’s Production Linked Incentive (PLI) scheme, companies like Rayzon Solar are well-positioned to capitalise on these trends.

For the legal and financial advisory community, this transaction highlights the continuing role of full-service firms in handling complex capital market transactions, including extensive due diligence, compliance with evolving SEBI norms, and advising on structuring large-scale public issues.

As the renewable energy sector attracts more private and public investment, strategic capital raising deals such as this are expected to shape the competitive landscape and drive India’s transition to cleaner energy sources.

Also read: Trilegal Advises Times Internet on Dream11’s Investment in Cricbuzz and Willow

For more legal deal updates and analysis, stay tuned to TheCourtroom.in

Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.

- Advertisement -spot_img

Latest