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Rayzon Solar to file Rs 15 billion IPO papers with SEBI

India, News

Rayzon Solar Limited plans to file draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth about Rs 15 billion. The offer will consist of a fresh issue of equity shares. The company has appointed leading investment banks to manage the issue. Proceeds from the IPO will go towards expanding its manufacturing capacity and supporting growth plans. Rayzon Solar recently secured a 280 MWp module supply contract…

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Vikram Solar receives SEBI nod for Rs 15 billion IPO

India, News

Vikram Solar Limited has secured final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to Rs 15 billion and an offer for sale of up to 17.45 million equity shares by the promoter and promoter group. Each equity share carries a face value of Rs 10. The company plans to allocate Rs 7.93 billion from…

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CMPDIL files for IPO; signs MoU with NALCO for Utkal coal project

India, News

Central Mine Planning & Design Institute Limited (CMPDIL), a wholly owned subsidiary of Coal India Limited, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will be an offer for sale of up to 71.4 million equity shares by Coal India Limited. Separately, on May 23, 2025, CMPDIL signed a memorandum of understanding (MoU) with National Aluminium Company Limited…

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Prozeal Green Energy files for Rs 7 billion IPO with SEBI

India, News

Prozeal Green Energy Limited has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 7.00 billion. The offering consists of a fresh issue of Rs 3.50 billion and an offer for sale of Rs 3.50 billion by existing shareholders. Of the offer for sale, promoter selling shareholders will divest Rs 3.37 billion, while investor selling shareholders will offload Rs 130…

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Lohum sets up 1,000 MTPA lithium refinery; plans IPO

India, News

Lohum has announced the establishment of a battery-grade lithium refinery with a capacity of 1,000 metric tonnes per annum (MTPA). The company has also begun producing value-added materials such as cathode active materials (CAM), which are essential for lithium-ion battery manufacturing. Lohum’s lithium recovery technology boasts over 90% efficiency, significantly surpassing the industry average of 60-70%. The company aims to achieve 99.99% purity with ongoing research and development.   Additionally, Lohum plans to raise $200 million…

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Taiwan cuts Taipower subsidy, raising electricity cost concerns

Global, News

Taiwan has slashed its 2025 budget for Taiwan Power (Taipower) by T$100 billion ($3.1 billion), sparking fears of electricity price hikes that could affect industries, including global semiconductor manufacturers, Bloomberg reported. The Democratic Progressive Party (DPP), led by President Lai Ching-te, lost its parliamentary majority in 2024, allowing the opposition Kuomintang (KMT) and Taiwan People’s Party to propose significant budget cuts. These include a record T$214.7 billion ($6.55 billion) reduction across various allocations. Taipower warned…

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GK Energy files DRHP for Rs 5 billion IPO to raise funds

India, News

GK Energy Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of shares worth up to Rs 5 billion, along with an offer for sale of up to 8.4 million equity shares by existing shareholders. The shares will have a face value of Rs 2, and the offer includes reservations for…

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Continuum Green Energy files DRHP to raise Rs 36.5 billion through IPO

India, News

Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 36.5 billion. The IPO includes a fresh issue of shares worth Rs 12.5 billion and an offer for sale of Rs 24 billion by the promoter, Continuum Green Energy Holdings Limited.  The net proceeds from the fresh issue will primarily be used to repay or…

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Solar91 Cleantech secures BSE approval for Rs 1 billion SME IPO

India, News

Solar91 Cleantech has received approval from the Bombay Stock Exchange to proceed with its small medium enterprise (SME) initial public offering (IPO). The IPO will involve the issuance of up to 5.43 million equity shares, targeting a fundraising of Rs 1 billion.  The proceeds will be used to support Solar91 Cleantech’s transition into an independent power producer and to expand its turnkey engineering, procurement, and construction services for renewable energy projects across India.

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Solarworld Energy raises Rs 1.1 billion in pre-IPO placement round

India, News

Solarworld Energy Solutions Limited has raised Rs 1.1 billion through a pre-IPO placement, reducing the fresh issue component of its IPO from Rs 5.5 billion to Rs 4.4 billion.  Initially, the company planned to raise Rs 6 billion, as per the draft red herring prospectus (DRHP) filed with SEBI in September. The IPO includes Rs 500 million as an offer-for-sale (OFS) by the promoter, Pioneer Facor IT Infradevelopers. On November 21, the company allotted 3.12…